Power Sector News

India MNRE takes case-by-case approach on REIA bids The Ministry of New and Renewable Energy (MNRE) has decided against cancelling Renewable Energy Implementing Agency (REIA) projects in bulk and will assess each case individually. It aims to balance developer, DISCOM, and grid concerns as India moves toward storage-integrated renewable growth. REIAs have issued Letters of Award (LoAs) for 43,942 MW with unsigned Power Sale Agreements (PSAs), while 24,928 MW of PSAs have been finalized since…

India 93 GW renewable backlog triggers government action on unsigned PPAs and PSAs The Ministry of Power has instructed Renewable Energy Implementing Agencies (REIAs) to close or cancel pending renewable energy bids and Letters of Award (LoAs) by November 30, 2025, where Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) cannot be signed. The move follows a review chaired by Secretary (Power) Pankaj Agarwal on October 17, 2025. Since FY 2023-24, REIAs have tendered…

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…

India India and Nepal advance cross-border power transmission projects India and Nepal have signed agreements to develop two high-capacity cross-border transmission corridors to strengthen electricity trade and regional energy cooperation. Power Grid Corporation of India Limited (POWERGRID) and Nepal Electricity Authority (NEA) will form two joint venture entities, one in each country, to implement the projects. The transmission lines include the 400 kV Inaruwa–New Purnea and 400 kV Lamki Dododhara–Bareilly double circuit (quad moose) links….