Power Sector News Roundup for January 16, 2026

India

SECI, NDMC sign MoU to solarise 244 civic buildings in Delhi

The Solar Energy Corporation of India and the New Delhi Municipal Council have signed a Memorandum of Understanding to install solar power systems on around 244 civic buildings in Delhi. The MoU was exchanged in the presence of NDMC Chairman Sh. Keshav Chandra, IAS, and signed by Sh. Manas Ranjan Mishra of SECI and Er. Deepak Sachdeva of NDMC. The initiative aims to expand clean energy use across public infrastructure, improve local energy security, and reduce carbon emissions. SECI also stated that it has commissioned over 25 GW of solar photovoltaic capacity across India through multiple government backed programmes, with projects operating under long term Power Purchase Agreements across several states and union territories.

Emmvee reports strong Q3, 9M FY26 growth, expands module capacity

Emmvee Photovoltaic Power Ltd. reported strong year on year growth in revenue and profitability for Q3 FY26 and the nine month period ended 31 December 2025. Consolidated revenue from operations rose to Rs 11,523 million in Q3 FY26, up 118%, while Profit After Tax increased 166% to Rs 2,636 million. For 9M FY26, revenue reached Rs 33,111 million and Profit After Tax rose to Rs 6,892 million. During the quarter, the company commissioned a new 2.5 GW solar module line at its Sullbelle facility, taking total module capacity to 10.3 GW, and reported an order book of 9.3 GW with a net debt to equity ratio of minus 0.02x as of 31 December 2025.

KEC International appoints Somraj Roy as CHRO

KEC International Limited has appointed Mr. Somraj Roy as its Chief Human Resources Officer with effect from 15 January 2026. The appointment was disclosed through a regulatory filing and places Mr. Roy among the Senior Management Personnel of the company. He brings over 30 years of experience in human resources, with a background in HR business partnering and organisational transformation. Mr. Roy rejoins KEC from CEAT Limited and has previously held senior roles at Reliance Industries Limited and Larsen and Toubro Limited.

NGEL clears GAIL JV, commissions 300 MW Bhadla solar project

NTPC Green Energy Limited has approved the formation of a 50:50 joint venture with GAIL India Limited to develop renewable energy projects, subject to statutory and regulatory approvals. The decision was taken at a board meeting held on 15 January 2026. Separately, NGEL declared commercial operation of the first 300 MW tranche of the 500 MW Bhadla Solar Photovoltaic Project at Phalodi in Rajasthan. Following this commissioning, NGEL group commercial capacity increased to 8,010.28 MW, while the NTPC group total installed and commercial capacities reached 87,287 MW and 86,207 MW respectively.

Assam inaugurates 70 MW Dhubri solar project by SJVN Green

Assam Chief Minister Mr. Himanta Biswa Sarma inaugurated the 70 MW Dhubri Solar Power Project developed by SJVN Green Energy Limited on 15 January 2026. The project is the first large scale solar power facility to become operational in the state and has been built on 330 acres leased from the Assam Power Distribution Company Limited. Awarded in February 2023 at a tariff of Rs 3.92 per unit, the project was developed at an EPC cost of Rs 367.44 crore and is expected to generate 141.13 million units in its first year. Over 25 years, it is projected to produce around 3,230 million units of electricity and reduce carbon emissions by about 158,270 tonnes.

SWREL posts strong 9M FY26 growth, raises order inflow outlook

Sterling and Wilson Renewable Energy Limited reported strong performance for Q3 FY26 and 9M FY26, leading it to revise its full year order inflow guidance to over Rs 11,000 crore. For the nine month period ended 31 December 2025, consolidated revenue from operations rose 48% year on year to Rs 5,602.44 crore, while EBITDA increased 115% to Rs 289 crore. During the period, the company secured new orders worth Rs 6,929 crore, including a five year framework agreement and its first Balance of System order from Adani Green. The statutory auditors issued an unmodified review report on the financial statements.

MP cabinet clears 800 MW solar plus storage projects via REWA

The Madhya Pradesh cabinet has approved three solar cum energy storage projects to be implemented through Rewa Ultra Mega Solar Limited. The approved portfolio includes an aggregate solar capacity of 800 MW and is designed to support peak demand and improve grid reliability. The projects comprise a 300 MW solar plant with four hours of storage, a 300 MW solar plant with six hours of storage, and a 200 MW project providing 24 hour power supply. All three will be developed under a single cycle charging based energy storage configuration.

EIE Renewables wins 10 MW solar project from ITI in Uttar Pradesh

EIE Renewables has secured a contract from ITI Limited to develop a 10 MW ground mounted solar project at Naini in Uttar Pradesh through competitive bidding. The project will be implemented on a Build Own Operate Transfer basis, with EIE Renewables responsible for supply, installation, commissioning, and power evacuation up to the Uttar Pradesh Power Corporation Limited substation. ITI Limited will provide around 30 acres of land, transmission connectivity, and a dedicated bay for power injection. Under the 25 year tripartite Power Purchase Agreement, the project is required to achieve a minimum annual Capacity Utilisation Factor of 16%.

Global

Standard Chartered prices €1 billion inaugural green bond

Standard Chartered plc has priced its first Green Bond, raising €1 billion to finance and refinance environmentally sustainable projects. The issuance, the bank’s fifth Sustainable Finance transaction, will fund renewable energy, green buildings, energy efficiency, and climate resilient infrastructure under its Sustainability Bond Framework. Investor demand was strong, with the order book peaking at over €3.9 billion. The bank stated that more than 70% of its $17.4 billion eligible green asset portfolio is located in Asia, Africa, and the Middle East, with recent examples including electric bus fleets in India and a large scale solar project in Türkiye.