Power Sector News Roundup for November 13, 2025

India

PXIL appoints Vivek Singla as Managing Director and CEO

Power Exchange India Limited has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla has over 35 years of experience in the power sector, covering generation, transmission, distribution, renewables, and green hydrogen. An alumnus of Delhi Institute of Technology, FMS Delhi University, and ISB Hyderabad, he is known for leadership in business transformation and deal structuring. Before joining PXIL, he served as President and Head of Green Hydrogen and Transmission at ReNew Power. Singla said he aims to enhance market efficiency and promote sustainable growth in the evolving power market.

Waaree Energies secures 360 MW solar module order

Waaree Energies Limited has received an order to supply 360 MW of solar modules to a domestic developer engaged in utility-scale solar and energy storage projects. The contract was finalised on November 11, 2025, and disclosed to BSE and NSE under SEBI’s listing obligations. The company said the delivery will be completed in FY 2025–26. It also clarified that the order is a one-time transaction with no related party involvement.

SJVN to raise Rs 1,000 crore through revenue securitization of Nathpa Jhakri project

SJVN Limited will raise up to Rs 1,000 crore by securitising future revenue from its 1,500 MW Nathpa Jhakri Hydro Electric Project. The move, approved in its November 10, 2025 board meeting, aligns with the National Monetisation Pipeline for FY 2025–26. The company reported standalone income of Rs 1,032.68 crore and net profit of Rs 372.28 crore for Q2 FY26. The board also appointed Sipan Kumar Garg as Chief Financial Officer, who previously worked with THDC India Limited.

JSW Energy raises Rs 250 crore through issue of unsecured NCDs

JSW Energy Limited has raised Rs 250 crore through unsecured, listed Non-Convertible Debentures. Approved by the Finance Committee on November 12, 2025, the issuance is part of a Rs 3,000 crore fundraising plan. The 25,000 debentures, each valued at Rs 1,00,000, carry a fixed annual coupon rate of 8.05% and mature on November 10, 2028. Interest will be paid annually, and the debentures will be listed on BSE Limited.

Reliance Power subsidiary wins 750 MW FDRE project from SJVN

Reliance Power’s subsidiary, Reliance NU Energies Private Limited, has won a 750 MW / 3,000 MWh Firm and Dispatchable Renewable Energy project from SJVN Limited. The project, part of a 1,500 MW tender, carries a tariff of Rs 6.74 per kWh and will integrate 900 MWp solar with 3,000 MWh of storage. With this award, Reliance Group’s renewable portfolio now exceeds 4 GWp of solar and 6.5 GWh of storage. CEO Mayank Bansal and COO Rakesh Swaroop have stepped down less than a year after the company’s formation.

Tata Power to set up 10 GW wafer and ingot facility

Tata Power will establish a 10 GW wafer and ingot manufacturing facility as part of its solar value chain expansion. CEO and MD Praveer Sinha said the location and technology are being finalised. This will be the company’s first venture into wafer and ingot production, adding to its 4.9 GW of solar cell and module capacity. For Q2 FY26, Tata Power posted a net profit of Rs 934 crore, with revenue at Rs 15,545 crore. The firm also announced a Rs 1,572 crore investment for a 40% stake in Bhutan’s 1,125 MW Dorjilung Hydro Electric Project.

Sembcorp wins 150 MW firm renewable project from SJVN

Sembcorp Industries, through its unit Sembcorp Green Infra, has won a 150 MW Firm and Dispatchable Renewable Energy project from SJVN Limited. The project will operate on a build-own-operate model under a 25-year PPA and is expected to begin operations within 24 months. Sembcorp will develop around 750 MW of renewable capacity combining solar power and battery energy storage. The company plans to finance the project through internal and external sources.

India may delay 5 MMT green hydrogen goal amid global headwinds

India may miss its target of producing 5 million metric tonnes of green hydrogen annually by 2030 due to global challenges, said MNRE Secretary Santosh Kumar Sarangi. The National Green Hydrogen Mission, launched in 2023, aims to attract over Rs 8 lakh crore in investments and create six lakh jobs. So far, 19 companies have been allotted 862,000 tonnes of capacity, and 15 firms approved for 3,000 MW of electrolyser manufacturing. The Mission includes Rs 19,744 crore in total outlay, with major allocations for the SIGHT scheme and pilot projects. Despite potential delays, policy momentum and pilot projects continue to strengthen India’s green hydrogen ecosystem.

ACME Solar wins 450 MW peak power project from SJVN

ACME Solar Holdings Limited has won a 450 MW (1,800 MWh) FDRE project from SJVN Limited at a tariff of Rs 6.75 per unit for 25 years. The hybrid project will combine 300 MW of solar with a 1,800 MWh storage system to ensure 90% monthly availability. It will use existing transmission capacity in Rajasthan and feature Indian-made solar cells listed under ALMM List-II. Separately, ICRA has assigned an ‘AA-/Stable’ rating to ACME Dhaulpur Powertech for its 300 MW solar project in Jaisalmer. The project has achieved a capacity utilisation factor of 29.05% since January 2025.

Global

IEA says nuclear power enters revival phase with 70GW under construction

Fatih Birol, Executive Director of the International Energy Agency, said nuclear energy is entering a revival phase, with 70 GW of new capacity under construction worldwide. He highlighted that nuclear generation in 2025 has reached its highest level in history. The IEA report attributes this resurgence to energy security, climate goals, and growing electricity demand from AI, cooling, and EVs. However, it warned of project delays and supply chain concentration, noting that over 40% of uranium enrichment is in one country. Birol urged predictable policy support and diversification to ensure nuclear growth remains stable and globally balanced.