Power Sector News Roundup for November 21, 2025

India

Uttar Pradesh releases long term energy and renewable roadmap for 2047

Uttar Pradesh has issued its Energy and Renewable Vision 2047 with a target to meet 40 to 50 percent of its energy demand from renewable sources by 2047. The plan focuses on clean, reliable, and affordable power. It proposes new solar parks, floating solar projects, hybrid systems, and bioenergy units, along with wider EV charging and advanced storage. It also highlights decentralized supply, microgrids, green hydrogen, and sustainable aviation fuels. Officials said the state must prepare for rising demand, and the vision is being shaped through large scale public feedback reviewed with artificial intelligence.

TNGECL invites bids for 375 MW BESS projects across four circles

Tamil Nadu Green Energy Corporation has called for bids to develop seven standalone BESS projects with a total capacity of 375 MW and 1,500 MWh. The systems will be built, owned, and operated by the winning developer across substations in four circles. The project list covers multiple sites, including 400 MWh, 300 MWh, and 100 MWh units in the Coimbatore circle and 200 MWh units in the Trichy and Madurai circles. Tirunelveli will receive a 100 MWh unit. Bidders must pay a fee of Rs 1.5 million, submit an earnest money deposit of Rs 200,000 per MW, and file bids by December 22, 2025.

Adani wins approval to acquire Jaiprakash Associates with Rs 14,535 crore plan

The Adani Group has received clearance from lenders to acquire Jaiprakash Associates after its Rs 14,535 crore offer secured 89 percent support from the Committee of Creditors. Adani received the highest score under the evaluation matrix due to a stronger upfront payment of Rs 6,005 crore, along with a deferred payment of Rs 6,726 crore. NARCL, with about 86 percent of the voting share, influenced the result, while some lenders did not vote. Jaiprakash Associates entered insolvency last year after defaulting on loans worth Rs 57,185 crore and holds assets across real estate, offices, hotels, cement plants, and stakes in group firms. The deal followed interest from 25 companies and ended with five final bids.

NGEL and SCCL sign MoU to develop renewable energy projects

NTPC Green Energy Limited has signed an MoU with The Singareni Collieries Company Limited to work on renewable energy development. The agreement was signed on November 19, 2025 in Hyderabad. It focuses on solar, wind, and hybrid systems with the option to integrate storage. The collaboration also covers green hydrogen, derivatives, and green mobility. Senior officials from both sides attended the signing.

KEC International says PGCIL tender restriction will not affect ongoing contracts

KEC International has said that a recent communication from Power Grid Corporation of India will not affect ongoing projects or its financial position. The restriction blocks KEC from taking part in Power Grid tenders for nine months, but current transmission work will continue. The company reported Year to Date order intake of Rs 17,066 crore for FY26, up 17 percent from last year, while Power Grid’s share has dropped to about 4 percent of orders. Its share price fell more than 10 percent before closing at Rs 710.20, down 9.08 percent. The restriction relates to an older case involving an alleged bribe, and KEC said it is considering options while maintaining an order book of Rs 39,325 crore and an L1 position above Rs 4,000 crore.

JSW Energy secures CoC approval for RCRIPL resolution plan

JSW Energy has received approval from the Committee of Creditors for its plan to acquire Raigarh Champa Rail Infrastructure Private Limited. The Letter of Intent was issued on November 19, 2025. RCRIPL provides the exclusive rail link that moves coal to the 3,600 MW KSK Mahanadi Power Company project, which JSW Energy now owns. KMPCL operates an 1,800 MW unit and is building another 1,800 MW unit in Chhattisgarh. The transaction will close after National Company Law Tribunal approval.

Global

ADB approves $330 million loan for Pakistan’s transmission upgrade

The Asian Development Bank has approved a 330 million dollar package for Pakistan’s Second Power Transmission Strengthening Project. The plan focuses on expanding and modernizing the transmission network to integrate more low cost renewable and hydropower. The funding includes a 285 million dollar loan from ordinary capital resources and a 45 million dollar concessional loan. It will support a new 500 kV line of about 290 km and upgrades in the Islamabad and Faisalabad areas to ease constraints and enable transfer of up to 3,200 MW of hydropower. ADB said the project will cut reliance on imported fuel, reduce system costs, and support wider reforms.