Power Sector News

Solex Energy’s 3.78 GW Surat module plant added to MNRE ALMM list Solex Energy Limited has received approval for its 3.78 GW solar module manufacturing facility in Surat, Gujarat, under the Approved List of Models and Manufacturers (ALMM) framework of the Ministry of New and Renewable Energy (MNRE). The listing allows the company to supply ALMM-compliant solar photovoltaic (PV) modules to government-supported solar projects in India. The ALMM framework was introduced by MNRE to ensure…

KPI Green subsidiary signs BESPA with GUVNL for 445 MW BESS projects KPI Green Energy Limited announced that its subsidiary, Sun Drops Energia Limited, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for standalone battery energy storage system (BESS) projects. The agreement covers projects with an aggregate capacity of 445 MW / 890 MWh across multiple locations in Gujarat. The projects were awarded through a tariff-based competitive…

ACME commissions second phase of BESS project in Rajasthan ACME Solar Holdings Limited (ASHL), through its wholly owned subsidiary ACME Suryodaya Private Limited, has commissioned the second phase of its Battery Energy Storage System (BESS) project in Rajasthan. The newly commissioned segment adds 38 MW / 82 MWh of storage capacity at the project site in the Jaisalmer district. The project is part of a larger 285 MW / 600 MWh BESS facility located in…

ACME arm signs 450 MW FDRE PPAs with SJVN ACME Greentech Seventh Private Limited, a wholly owned subsidiary of ACME Solar Holdings Limited, has signed two Power Purchase Agreements (PPAs) with SJVN Limited for a total capacity of 450 MW under a Firm and Dispatchable Renewable Energy (FDRE) project. The agreements cover contract capacities of 300 MW and 150 MW, following the company’s earlier disclosure dated November 11, 2025. Power will be supplied at a…

Bajaj Electricals appoints Rahul Pundir as Chief Supply Chain Officer Bajaj Electricals Limited has appointed Rahul Pundir as Chief Supply Chain Officer, effective March 2, 2026. After joining, he will be designated as Senior Management Personnel at the company’s next Board Meeting. The company disclosed the appointment to stock exchanges on February 24, 2026. Rahul Pundir brings more than 24 years of global experience in supply chain leadership and will manage end-to-end supply chain operations….

Vikram Solar signs Rs 2,000 crore domestic cell supply deal Vikram Solar Limited has signed a domestic solar cell procurement agreement with Jupiter International Limited to source 2 GW of crystalline solar cells valued at about Rs 2,000 crore. The agreement was executed on February 20, 2026. The contract covers the supply of high-efficiency Tunnel Oxide Passivated Contact (TopCon) Solar Cells and high-efficiency mono Passivated Emitter and Rear Cell (PERC) Solar Cells. The solar cells…

CEA panel finds 55% MTL flexible operation does not damage thermal units A committee constituted by the Central Electricity Authority (CEA) found that operating thermal power plants at 55% minimum technical load (MTL) with conservative ramping rates does not result in significant damage to generating units. The report, based on meetings held between July and October 2025, noted NTPC’s reluctance to participate in mandated pilot projects for two-shift operation, delaying development of a compensation framework….

AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad, with a subscribed capital of Rs 100,000 divided into 10,000 equity shares of Rs 10 each, and ACX indirectly holds a 50 per cent stake. NMPTL has been…

Adani Green incorporates Skyspin Energy as step-down subsidiary Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing subsidiary of the company. SEL has been registered with the Registrar of Companies in Gujarat, with its registered office in Ahmedabad. At incorporation, the company has an authorised capital of…

Inox Clean, RJ Corp form JV for African renewables Inox Clean Energy Limited, part of the INOXGFL Group, has formed an equal joint venture with RJ Corp Limited to enter the African renewable energy market. The partnership has acquired Skypower Services MENA Limited and plans to commission about 570 MW of renewable energy capacity in the initial phase. The projects are part of a multi-GW pipeline backed by sovereign-backed power purchase agreements and are expected…