Power Sector News Roundup for July 8, 2025

Author: PPD Team Date: December 9, 2025 India JK Cement raises stake in O2 Renewable Energy V JK Cement bought an additional 12.21 per cent stake in O2 Renewable Energy V for about Rs 0.05 billion, raising its total holding to 28.97 per cent. The company acquired 46,45,658 shares from JSW Neo Energy at Rs 11.18 each. The higher stake strengthens its position in a 22 MW Karnataka wind project that supplies power to JK…

Author: PPD Team Date: November 24, 2025 India REMC awards 1 GW RTC tender at uniform tariff of Rs 4.35 per kWh REMC Limited has awarded its 1 GW round the clock renewable energy tender at a uniform tariff of Rs 4.35 per kWh. The bidding process started in August 2025 and drew nine participants. ACME Solar Holdings secured the full 1,000 MW. ReNew Power and Bhalki Solar Power won 200 MW each, while Purvah…

Author: PPD Team Date: February 6, 2026 MNRE clarifies customs duty eligibility for wind turbine components Ministry of New and Renewable Energy (MNRE) has issued a circular clarifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated 04 February 2026, follows Notification No. 02/2026-Customs issued by the Department of Revenue on 01 February 2026. The notification inserts a new clause covering forged steel rings classified…

Author: PPD Team Date: January 19, 2026 India Waaree group adds eight IPP-focused step-down subsidiaries Waaree Energies Limited disclosed the incorporation of eight wholly owned subsidiaries through its step-down arm, Waaree Forever Energies Private Limited. The entities were incorporated between January 13 and January 15, 2026, to hold specific independent power producer projects. Each subsidiary has been created solely for individual IPP assets and has not commenced operations, reporting nil turnover. WFEPL holds 100% equity…