Meghmani Organics Limited (MOL) has signed a renewable energy supply agreement with Pro Zeal Green Power Fifteen Private Limited to procure 3.30 MW of wind solar hybrid power. The agreement was executed on 13 January 2026 and is intended to meet the company’s captive power requirements in Gujarat. In a disclosure to the stock exchanges, the company said it will invest Rs 3.63 crore to acquire a minimum 26% stake in the power producer. The…
Adani Green Energy Limited (AGEL) announced on 7 January 2026 that its wholly owned step-down subsidiary, Adani Green Energy Twenty Five B Limited, has entered into two agreements with Asahi India Glass Limited. Adani Green Energy Twenty Five B Limited has signed a Power Consumption Agreement (PCA) to supply 20.8 MW of solar-wind hybrid power to Asahi India Glass. The power will come from a 25 MW solar power plant unit and a 20.8 MW…
The Ministry of Power (MoP) has issued draft amendments to the Electricity Rules, 2005, proposing changes to regulations governing Captive Generating Plants (CGPs) to clarify ownership criteria, introduce greater operational flexibility, support industrial electricity costs, and strengthen grid stability. Through a letter dated January 2, 2026, the Ministry has invited feedback on proposed revisions to Rule 3, which defines the conditions for CGP qualification, and circulated the draft notification and explanatory note to central and…
Adani Green Energy Limited (AGEL) announced that its subsidiaries have signed Investment Agreements with RSWM Limited to develop two captive power projects. The agreements were executed on October 31, 2025. The first agreement involves Adani Renewable Energy Holding Eighteen Limited (AREH18L) and Adani Solar Energy Jodhpur Six Limited (“Generator 1”) with RSWM Limited. The second involves Adani Renewable Energy Holding Four Limited (AREH4L) and Adani Renewable Energy Forty One Limited (“Generator 2”) with RSWM Limited….
The Central Electricity Authority (CEA) has issued a circular detailing the procedure for Special Purpose Vehicles (SPVs) to formally identify generating units designated for captive use. The notification is mandatory for entities seeking captive status verification for the financial year 2025-26. According to the circular, SPVs that own a generating station and wish to verify its captive status must provide the details of the identified captive units. This communication has to be sent to the…
Vanya Steels Pvt Ltd, a subsidiary of A-One Steel Group, will invest around Rs 1 billion to set up a 10 MW captive power plant at its Koppal facility in Karnataka. The project, slated for commissioning by 31 July 2025, will use Waste Heat Recovery Boiler (WHRB) technology to convert residual heat from steelmaking into electricity. The plant will repurpose industrial waste heat, normally lost during the production process, into clean power. This is expected…
Lloyd Metals and Energy Limited is expanding its renewable energy portfolio. The company’s Board of Directors has approved signing a Share Subscription and Shareholders Agreement (SSSHA) with Hexa Climate Solutions Private Limited. Under this agreement, Lloyd Metals will invest Rs 120 million in Hexa Energy W2 Private Limited and Rs 100 million in Hexa Energy MH3 Limited. These are special purpose vehicles (SPVs) of Hexa Climate. In return, Lloyd will acquire a 26 per cent…
RR Kabel Limited commissioned a 10.2 MW captive wind-solar hybrid power project in Gujarat on May 31, 2025. The project includes a 6.6 MW wind power component, comprising two wind turbine generators (WTGs) of 3.3 MW each. These are located at revenue survey numbers 689 and 449 in Mota Khijadiya and Sal Pipaliya villages, Paddhari taluka, Rajkot district. The solar power component of 3.6 MW is situated at revenue survey numbers 317, 318, and 319…
The Ministry of Power (MoP) and the Bureau of Energy Efficiency (BEE) have issued fresh directives to ensure compliance with the Renewable Consumption Obligations (RCO) framework. This applies to designated consumers, including captive power plants (CPPs) and open access (OA) users. The RCO system stems from amendments made to the Energy Conservation Act, 2001 in 2022. It replaces older Renewable Purchase Obligation (RPO) guidelines and mandates a rising share of renewable energy use each year…
HR Godavari Private Limited, the special purpose vehicle (SPV) of Hinduja Renewables Energy Private Limited, has signed two power purchase agreements (PPAs) with Lloyd Metals and Energy Limited. These PPAs cover the supply of 60.7 MW (86.05 MWp) of solar power under a captive model. The agreements include one PPA for 10.7 MW (16.05 MWp) and another for 50 MW (70 MWp) of solar capacity. Both projects will be developed in India. Alongside the PPAs,…