Power Sector News Roundup for May 29, 2026
NHPC commences construction of 260 MW Dulhasti Stage-II project
NHPC Limited has commenced construction activities for the 260 MW Dulhasti Stage-II Project in Jammu & Kashmir. Shri Sanjay Kumar Singh, Director (Projects), NHPC, inaugurated the works on May 27, 2026 by taking the first blast for the Adit to Head Race Tunnel (HRT). The project will be developed under the build-own-operate-transfer (BOOT) model for a concession period of 40 years using existing infrastructure at the Dulhasti project site.
PM Modi calls for faster rooftop solar rollout, canal-top solar expansion
Prime Minister Shri Narendra Modi directed ministries and state governments to accelerate rooftop solar deployment and explore canal-top solar projects while chairing the 51st PRAGATI meeting. He stressed the need to expand rooftop solar installations in urban areas and public institutions to reduce electricity costs and strengthen energy security. The meeting reviewed seven infrastructure projects across the Railways, Power and Road sectors involving investments of around Rs 30,000 crore.
IEA sees India investing $170 billion in energy sector in 2026
India is expected to invest a record $170 billion in its energy sector in 2026, according to the International Energy Agency’s (IEA) World Energy Investment 2026 report. The report noted that India achieved its Nationally Determined Contribution (NDC) target of installing 50% non-fossil power capacity in 2025, five years ahead of schedule. It also highlighted rapid growth in solar, battery storage and grid investment, while coal investment continues to rise.
EAC reclassifies Greenko and Panari pumped storage projects from closed-loop to open-loop
The Expert Appraisal Committee (EAC) for River Valley & Hydroelectric Projects has reclassified the 2000 MW Nayagaon PSP and 1800 MW Panari PSP from closed-loop to open-loop projects. The committee observed that both projects involved reservoirs connected to natural streams or seasonal nalas, requiring stricter environmental assessment norms. The reclassification will subject the projects to fresh Terms of Reference (ToR), public hearings and expanded ecological studies.
Enviro Infra’s order book jumps 242% in FY26 as it expands into solar, wind and BESS
Enviro Infra Engineers Limited reported revenue from operations of Rs 11,456 million for FY26, up 7.5% year-on-year, while its order book rose 242% to around Rs 68,136 million. During the year, the company expanded into solar, wind and battery energy storage systems (BESS) through acquisitions and new project awards. It acquired wind EPC firm Suyog Urja Limited and secured 930 MWh of BESS projects from NTPC.
Swelect Energy to acquire solar firm for captive power project
Swelect Energy Systems Limited has approved the acquisition of 100% equity shares of USolar Assetco Four Private Limited for up to Rs 3.30 crore. Following the acquisition, the company will become a wholly owned subsidiary of Swelect and develop a solar power plant with an initial capacity of up to 26.6 MWp DC under the group captive model. USolar Assetco Four was incorporated in June 2025 and currently reports nil turnover and nil PAT.
NLC India, NCRTC form JV for solar power projects
NLC India Limited has formed a joint venture with the National Capital Region Transport Corporation (NCRTC) to develop grid-connected solar photovoltaic (PV) projects for NCRTC infrastructure, including the Regional Rapid Transit System (RRTS). The joint venture, NIRL NCRTC Renewables Limited, has been established with 74% equity participation from NLC India Renewables Limited and 26% from NCRTC. NLC India currently has 734 MW of operational renewable energy capacity and another 5.81 GW under implementation and development.
Schneider Electric Infra reports 27% rise in FY26 order inflow
Schneider Electric Infrastructure Limited (SEIL) reported a 27.4% year-on-year rise in FY26 order inflow to Rs 3,430 crore, while revenue from operations increased 9.6% to Rs 2,891 crore. Profit after tax (PAT) after exceptional items declined 20.7% to Rs 213 crore due to commodity price volatility and an adverse revenue mix during the fourth quarter. The company’s order backlog increased 50.1% to Rs 1,911 crore as of March 31, 2026.