Power Sector News

Maharashtra notifies RE and storage policy with 65% target by FY36 The Government of Maharashtra has notified the Maharashtra Renewable Energy and Energy Storage Policy 2025-26 to 2035-36 through a resolution dated March 18, 2026. The policy targets renewable energy to meet 65% of the state’s electricity demand by FY 2035-36, with demand projected to reach about 350–360 billion units. It requires distribution companies to procure storage capacity equivalent to at least 10% of demand,…

Coal India subsidiary CMPDIL files RHP for IPO Coal India Limited (CIL) informed stock exchanges that Central Mine Planning and Design Institute Limited (CMPDIL), its wholly owned subsidiary, filed a Red Herring Prospectus (RHP) dated March 12, 2026 with the Securities and Exchange Board of India (SEBI), BSE Limited (BSE), and the National Stock Exchange of India Limited (NSE) for a proposed initial public offering (IPO). The issue is structured entirely as an offer for…

EAC clears Adani’s 1,200 MW pumped storage project in Uttar Pradesh The Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects has recommended granting Terms of Reference (ToR) for the proposed 1,200 MW Cherue Pumped Storage Project in Sonbhadra district, Uttar Pradesh. Adani Hydro Energy Six Limited will develop the project, with the recommendation made during the committee’s 49th meeting in February 2026. The project, estimated at Rs 5,690.85 crore, involves constructing two artificial…

Hygge Energy partners Atria Renewable for P2P rooftop solar trading in Bengaluru Hygge Energy has partnered with Atria Renewable to expand peer-to-peer (P2P) rooftop solar trading in Bengaluru using Hygge’s blockchain and artificial intelligence (AI)-enabled energy trading platform within the regulatory framework of the Karnataka Electricity Regulatory Commission (KERC). Atria Renewable will act as a preferred installation partner on the platform, with both companies sharing consumer data and technical inputs to streamline rooftop solar adoption….

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…