Power Sector News Roundup for January 30, 2026

India

JSW Neo Energy completes Tidong hydro acquisition

JSW Neo Energy Limited has completed the acquisition of Tidong Power Generation Private Limited from Statkraft IH Holding AS on January 29, 2026. The transaction was valued at approximately Rs 1,728 crore and closed after regulatory approvals. Tidong Power is developing a 150 MW run of river hydro project in the Tidong Valley in Himachal Pradesh, scheduled for commissioning in October 2026. The project has a long term PPA for 75 MW with Uttar Pradesh Power Corporation Ltd from May to October at Rs 5.57 per kWh, while the remaining 75 MW is uncontracted. JSW Energy said the acquisition strengthens its hydropower portfolio and is expected to support EBITDA from FY27.

Adani Power reports weaker Q3 FY26 amid softer demand

Adani Power Limited reported a year on year decline in Q3 FY26 performance, with net profit falling 18.9% to Rs 2,479 crore and revenue declining 8.9% to Rs 12,451 crore. EBITDA stood at Rs 4,238 crore, down 15.6%, while margins moderated to 34%. The company attributed the performance to a temporary slowdown in national power demand, which contracted 0.1% year on year to 392.2 billion units. During the quarter, Adani Power raised Rs 7,500 crore through AA rated bonds and secured a new 3,200 MW long term PPA in Assam.

ACME Solar posts higher revenue, modest Q3 profit growth

ACME Solar Holdings Limited reported consolidated Q3 FY26 revenue of Rs 4,967.93 million, compared with Rs 3,490.12 million a year earlier. Net profit increased marginally to Rs 1,137.09 million. For the nine month period ended December 31, 2025, consolidated net profit rose to Rs 3,595.98 million. On a standalone basis, revenue reached Rs 9,176.63 million, driven mainly by EPC activities, while Q3 net profit rose sharply to Rs 316.81 million. The board declared an interim dividend of Rs 0.20 per share with February 6, 2026 as the record date.

NTPC Green sees sharp Q3 profit decline despite revenue growth

NTPC Green Energy reported a 73% year on year fall in net profit to Rs 17.5 crore in Q3 FY26. Revenue increased 29.4% to Rs 653.3 crore during the quarter. EBITDA rose 33.8% to Rs 567 crore, while the EBITDA margin improved to 86.8%. The company recorded higher operating income but lower profitability during the period.

REC posts marginal growth in Q3 FY26 profitability

REC Limited reported net profit of Rs 4,043.08 crore in Q3 FY26, up 0.3% year on year. Net interest income increased 2.8% to Rs 5,275 crore. Total income for the quarter stood at Rs 14,952.50 crore, while profit before tax was Rs 5,116.40 crore. The loan book expanded to Rs 5,81,787 crore as of December 31, 2025.

IEX reports year on year growth in Q3 earnings

Indian Energy Exchange Limited recorded an 11% year on year increase in net profit to Rs 119 crore in the quarter. Revenue rose 10% to Rs 146 crore. EBITDA increased 8% to Rs 122.3 crore, though the margin moderated to 84%. The exchange posted earnings growth despite lower market clearing prices.

KPI Green commissions 200 MW AC solar project in Gujarat

KPI Green Energy Limited commenced power generation from a 200 MW AC solar project in Gujarat on January 29, 2026. The project was awarded through competitive bidding by Gujarat Urja Vikas Nigam Limited and is among the first to be commissioned at the Khavda GSECL Solar Park South Block. Power supply has begun under a long term PPA with GUVNL following grid synchronisation. The company estimates annual generation of about 47.3 crore kWh, offsetting nearly 3.4 lakh metric tonnes of carbon dioxide emissions.

Orient Green signs Suzlon contract for 6.3 MW repowering in Tamil Nadu

Clarion Wind Farm Private Limited, a stepdown subsidiary of Orient Green Power Company Limited, approved a contract with Suzlon Energy Limited on January 28, 2026. The agreement covers the supply of three wind energy generators of 2.1 MW each, aggregating 6.3 MW. The equipment will be used to repower the existing Devarkulam wind farm in Tamil Nadu. The contract was executed on the same day and disclosed through a regulatory filing dated January 29, 2026.

Inox Clean Energy raises Rs 3,400 crore NaBFID loan for debt refinancing

Inox Clean Energy Limited secured a 20 year loan of Rs 3,400 crore from the National Bank for Financing Infrastructure and Development. The funds will refinance existing debt linked to seven operational renewable energy projects acquired from Vibrant Energy. The facility is expected to carry an interest rate between 8% and 8.5% and follows a restricted group structure with ring fenced cash flows. Vibrant Energy operates around 800 MW of renewable capacity and has a development pipeline of 3 GW.

ACME signs 250 MW renewable PPA with NHPC

ACME Solar Holdings Limited said its subsidiary ACME Urja One Private Limited has signed a 25 year PPA with NHPC Limited for a 250 MW firm and dispatchable renewable energy project. The tariff has been fixed at Rs 4.33 per unit, with the scheduled commercial operation date set for June 30, 2027. The agreement was disclosed on January 29, 2026. The company also confirmed an interim dividend of Rs 0.20 per share and allotment of 884,023 equity shares under its ESOP.

India Energy Week 2026 concludes with focus on policy, data, and investment

India Energy Week 2026 concluded in Goa with discussions centred on aligning policy, technology, and investment. Speakers highlighted bioenergy growth, integrated energy data planning, renewable manufacturing, green hydrogen execution, and coal’s continued role in baseload supply. India’s non fossil fuel capacity was cited at around 267 GW, with a target of over 600 GW by FY2030. International agencies projected India as the largest contributor to global energy demand growth through 2050, underscoring the need for sustained investment.

Global

UK shifts inflation indexation for legacy renewable subsidies

The UK Department for Energy Security and Net Zero confirmed changes to inflation indexation for the Renewables Obligation and Feed in Tariff schemes. From April, payments will be linked to the Consumer Price Index instead of the Retail Price Index, reducing annual increases for generators. The department estimates consumer savings of £270 million a year by 2030, with scheme costs currently exceeding £8 billion annually. Industry groups criticised the move as retrospective and warned it could affect investor confidence despite government assurances.