Power Sector News Roundup for November 3, 2025
Author: PPD Team Date: November 3, 2025
India
NTPC posts marginal rise in Q2 profit despite lower revenue
NTPC Limited posted a marginal 0.11% increase in consolidated net profit at Rs 4,653 crore for Q2 FY25, compared to Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% year-on-year to Rs 39,166 crore. Earnings before interest, tax, depreciation, and amortisation rose 3.4% to Rs 10,019 crore. Operating margin improved to 25.6% from 24% a year earlier.
ADB approves USD 460 million loan for Maharashtra’s agricultural solarisation
The Asian Development Bank has sanctioned a USD 460 million results-based loan to modernise Maharashtra’s rural power infrastructure and support solar irrigation for farmers. The program, aligned with the state’s Power Sector Vision 2030, also includes a USD 40 million concessional loan from the Clean Technology Fund. Maharashtra aims to reduce carbon intensity by 45% from 2005 levels and raise its renewable energy share to 50% by FY2030. The state recorded a 6.8% peak power deficit in FY2023, with 47 GW of installed capacity. The program supports India’s broader goals under its Nationally Determined Contributions and national renewable energy schemes.
Alpex Solar Limited will expand its planned solar cell plant in Kosi Kotwan, Uttar Pradesh, from 1.6 GW to 2.2 GW and adopt G12R tunnel oxide passivated contact technology. The total capital cost of Rs 31.36 billion will be met through internal accruals. Phase I will add 1.4 GW by early FY2026–27, followed by 800 MW within six months. The entire plant is expected to be operational during FY2026–27.
MEIL Energy acquires 250 MW lignite power plant in Tamil Nadu
MEIL Energy Private Limited, a subsidiary of Megha Engineering & Infrastructures Limited, has acquired a 250 MW lignite-fired power plant in Neyveli, Tamil Nadu. The deal raises MEIL’s total generation capacity to over 5.2 GW. The company said the plant will be integrated to improve operational efficiency and long-term value. MEIL plans to expand across thermal, hydro, and renewable segments to enhance national energy security. The acquisition of TAQA Neyveli aligns with its strategy to build a diversified power portfolio.
Ingka Investments acquires 210 MWp solar project in Rajasthan
Ingka Investments, part of Ingka Group, has acquired full ownership of a 210 MWp solar project in Rajasthan, marking its first renewable investment in India. The project is expected to start operations by December 2026, generating 380 GWh annually. It will power IKEA’s retail and logistics operations in India. The investment is part of Ingka’s EUR 7.5 billion global renewable energy plan, with EUR 4.2 billion already committed. Germany’s ib vogt will oversee construction and initial operations, creating about 450 construction jobs.
Adani Green signs investment agreements with RSWM for captive power projects
Adani Green Energy Limited announced that its subsidiaries have signed investment agreements with RSWM Limited for two captive renewable projects. Under the Electricity Rules, 2005, RSWM will hold at least 26% equity in each project company. After completion, RSWM will retain 1.63% and 2.33% in the two respective entities, with Adani subsidiaries maintaining control. The agreements also grant Adani entities the right to repurchase RSWM’s shares if the corresponding Power Consumption Agreements end.
NLCIL commissions 106 MW solar unit, transfers 1.4 GW assets to subsidiary
NLC India Limited has commissioned the second 106 MW phase of its 300 MW Barsingsar solar project in Rajasthan. The first 52.83 MW phase began operations in August 2025, taking total capacity to 158.83 MW. The company also signed a Business Transfer Agreement with its subsidiary, NLC India Renewables Limited, to transfer seven renewable assets totaling 1,430 MW. These assets contributed Rs 701.61 crore to FY2025 revenue and represent 20.67% of NLC’s net worth. The transfer, part of an asset monetisation plan approved by the Ministry of Coal, will be completed by December 2025.
NTPC Green signs MoU with CtrlS Datacenter for 2 GW renewable power supply
NTPC Green Energy Limited has signed a Memorandum of Understanding with CtrlS Datacenter Limited to develop over 2 GW of renewable energy projects for round-the-clock power supply to CtrlS facilities. The agreement was signed in New Delhi on October 31, 2025. The collaboration aims to meet CtrlS’s captive energy needs through clean power. CtrlS already operates a 125 MWp captive solar farm in Nagpur commissioned earlier in 2025. The initiative strengthens NTPC Green’s position in the renewable supply market for commercial consumers.
Global
France pledges $550 million to advance Vietnam’s energy transition
France has pledged $550 million to help Vietnam expand renewable energy and low-emission transport under the Just Energy Transition Partnership. The commitment was announced by French Ambassador Olivier Brochet during the 30th anniversary of the French Development Agency in Vietnam. Over half of the pledged amount is already deployed through AFD-led programs. Since its inception in Vietnam, AFD has financed nearly 120 projects worth over $3.3 billion. Its new strategy will focus on sustainable energy, low-emission transport, and climate adaptation aligned with the Paris Agreement.