Power Sector News Roundup for May 12, 2026
ACME Solar commissions additional BESS capacity in Rajasthan
ACME Solar Holdings Limited has commissioned additional Battery Energy Storage System (BESS) capacity at two projects in Rajasthan through its wholly owned subsidiaries. Both milestones were achieved on May 11, 2026, with commercial operations scheduled to begin from May 13, 2026. ACME Sun Power Private Limited commissioned an additional 33.333 MW / 160.484 MWh of BESS capacity at its project located in Badi Sid, Tehsil Bap, in Phalodi and Jodhpur districts, taking the total commissioned capacity to 233.336 MW / 1123.424 MWh. Separately, ACME Surya Power Private Limited commissioned an additional 35.715 MW / 160.512 MWh of BESS capacity at its project in Jaimalsar, Bikaner district, raising cumulative commissioned capacity to 210.938 MW / 947.899 MWh. The company also incorporated a new wholly owned subsidiary, ACME Greentech Twenty One Private Limited, in Gurugram, Haryana, for renewable energy development activities with an initial paid-up share capital of Rs 1,00,000.
CERC clears path for Adani’s Khavda HVDC project, POWERGRID’s Bellary line
The Central Electricity Regulatory Commission (CERC) has issued orders proposing the grant of transmission licences for two interstate transmission system (ISTS) projects under the Tariff-Based Competitive Bidding (TBCB) route. Adani Energy Solutions Limited and KPS III HVDC Transmission Limited secured the “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C” project with quoted annual transmission charges of Rs 23,917.69 million. The project includes establishment of a ±500 kV High Voltage Direct Current (HVDC) terminal at KPS3 and South Olpad for evacuation of 2,500 MW of renewable energy. In a separate order, Power Grid Corporation of India Limited secured the Bellary-Davanagere transmission strengthening project with quoted annual transmission charges of Rs 1,300.00 million. Both projects are targeted for commercial operation within 24 to 48 months from their respective effective dates.
EAC clears ToR for Adani Power’s 1,600 MW Raipur expansion
The Expert Appraisal Committee (EAC) for the Thermal Power Sector under the Ministry of Environment, Forest and Climate Change has approved the Terms of Reference (ToR) for the expansion of Adani Power Limited’s Raipur Thermal Power Plant in Chhattisgarh. The proposal involves increasing the plant’s capacity from 2,970 MW to 4,570 MW through the addition of two 800 MW ultra-supercritical units under Phase III. The Rs 15,740 crore expansion will require an additional 220.69 hectares of private land, taking the total project area to 578.84 hectares. The committee directed the company to undertake a cumulative environmental impact assessment, evaluate sewage water use from Raipur city, and examine deployment of air-cooled condensers. Additional conditions include installation of Flue Gas Desulphurization (FGD) systems, 275-metre-high chimneys, 100% fly ash utilisation, and development of a 198-hectare green belt.
Gujarat issues unified renewable energy procedures with storage focus
Gujarat has introduced parallel regulatory frameworks for grid-connected and off-grid renewable energy projects under the Gujarat Integrated Renewable Energy Policy-2025. Approved on May 5, 2026, the Standard Operating Procedure (SOP) covers project registration, approvals, grid connectivity, and commissioning for solar, wind, hybrid, floating solar, and standalone Battery Energy Storage Systems (BESS). The SOP introduces a digitized single-window clearance mechanism and places emphasis on storage integration for grid stability and peak demand management. Separately, the Gujarat Energy Development Agency (GEDA) issued guidelines for off-grid renewable energy projects with or without storage systems. The framework includes Renewable Purchase Obligation (RPO) accounting provisions, strict metering and certification requirements, and restrictions on physical interconnection with the state grid.
Grid-India proposes quarterly review of transmission access utilisation
Grid Controller of India Limited (Grid-India) has released a draft procedure for assessing the utilization of inter-state transmission network capacity by generators, buyers, and energy storage systems. Issued on May 8, 2026, the proposal has been prepared by the National Load Despatch Centre (NLDC) under the Central Electricity Regulatory Commission (CERC) Connectivity and GNA Regulations, 2025. The framework proposes quarterly block-wise assessment of scheduled power against granted Connectivity and General Network Access (GNA) capacity. Separate methodologies have been proposed for renewable energy generators, energy storage systems, and renewable energy park developers. Stakeholders can submit comments and suggestions on the draft procedure until June 7, 2026.
NHPC stake in Chenab Valley Power Projects falls to 50.86%
NHPC has informed stock exchanges that its shareholding and voting rights in Chenab Valley Power Projects (CVPPL) have declined from 58.16% to 50.86% following additional equity infusion by Jammu and Kashmir State Power Development Corporation (JKSPDC). The company clarified that CVPPL will continue to remain a subsidiary of NHPC. CVPPL is implementing hydroelectric projects with a combined installed capacity of 3,094 MW on a Build, Own, Operate and Maintain (BOOM) basis. The 1,000 MW Pakal Dul Hydroelectric Project, 624 MW Kiru HE Project, and 540 MW Kwar HE Project are under construction, while statutory clearances are under process for the 930 MW Kirthai-II HE Project. As of March 31, 2025, CVPPL’s paid-up share capital stood at Rs 5,630.01 crore and net worth at Rs 5,707.36 crore.
JSW Energy Q4 profit falls 9% despite revenue growth
JSW Energy reported a 9% year-on-year decline in consolidated net profit for Q4 FY26 despite strong growth in revenue and operating performance. Net profit stood at Rs 372 crore compared to Rs 408 crore in Q4 FY25, while revenue from operations increased 41% to Rs 4,499 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 87% year-on-year to Rs 2,251 crore, with EBITDA margin improving to 50% from 37.8%. Installed generation capacity reached 13.45 GW during the quarter, with renewable energy accounting for nearly 58% of the portfolio. The Board of Directors also approved the re-appointment of Rajiv Chaudhri as an Independent Director for a second term of five years from July 14, 2026.
MNRE withdraws serial number undertaking relief under PM Surya Ghar scheme
The Ministry of New and Renewable Energy (MNRE) has withdrawn a provision allowing rooftop solar vendors to submit applications with repeated solar module or inverter serial numbers through a legal undertaking under the PM-Surya Ghar: Muft Bijli Yojana. In an Office Memorandum issued on May 11, 2026, the ministry stated that applications submitted after May 26, 2026, will no longer be permitted to use the undertaking-based mechanism. The withdrawn provision had originally been introduced through an earlier Office Memorandum dated April 12, 2025. The earlier order also integrated the Domestic Content Requirement (DCR) verification portal with the National Portal for the PM-Surya Ghar scheme. The latest move signals tighter enforcement of DCR compliance requirements under the rooftop solar programme.
Orient Green Power posts record FY26 profit on wind, solar growth
Orient Green Power Company reported its highest-ever annual net profit for FY26, supported by strong wind generation, lower financing costs, commissioning of its first solar project, and a one-time refund of excess interest charges. Consolidated total income increased 13% year-on-year to Rs 315.57 crore, while net profit surged 70% to a record Rs 71.57 crore. During FY26, the company commissioned a 7 MW solar power plant in Tamil Nadu and signed contracts for an additional 17.6 MW of solar capacity. Wind capacity was expanded by 9.9 MW through deployment of 3.3 MW turbines, while repowering of 7.8 MW of old turbines was initiated under Tamil Nadu’s repowering policy. Interest costs declined around 21% to Rs 57.18 crore, aided by a credit rating upgrade and lower borrowing costs.
Premier Energies exits proposed K-Solare acquisition deal
Premier Energies has withdrawn from its proposed joint venture with Syrma SGS Technology to acquire a 51% equity stake in K-Solare Energy. The company said the decision followed mutual discussions and a review of evolving strategic considerations by the parties involved. Discussions with K-Solare have been terminated amicably, with Premier Energies stating that the development has no material financial implications. The proposed acquisition, originally announced in October 2025, was intended to strengthen the companies’ presence in the solar inverter and renewable energy electronics market. Premier Energies said it continues to evaluate alternative strategies for expansion in the segment.
Bondada Engineering commissions 107.7 MWp solar projects in April
Bondada Engineering has announced the commissioning of solar power projects with a combined capacity of 107.7 MWp during April 2026. The projects were executed for Singareni Collieries Company, Paradigm IT, and Maharashtra State Power Generation Company across locations in Maharashtra and Telangana. The company said the projects were completed through structured engineering processes and project management practices while complying with quality and safety standards. Following the latest commissioning, Bondada Engineering said it has strengthened its project execution pipeline. The company remains focused on achieving its commissioning target of 1.5 GWp during FY27.