Indian government expands NHPC stake sale to 6%
2026-06-07 14:36
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en.Wedoany.com Reported - The Indian government has expanded the stake sale in NHPC to 6%, up from the previously proposed level, a move reflecting confidence in demand for public sector power assets. The expected increase in market liquidity is set to unlock value for the government and support capital generation for future infrastructure investments. NHPC continues to play a key role in India's hydropower development and renewable energy expansion strategy.

After a record 50 GW of renewable energy capacity was successfully connected to the grid, the advisory committee of India's Ministry of Power reviewed and affirmed national grid stability. Officials noted that advancements in transmission infrastructure, forecasting systems, and grid management practices enabled seamless integration. Discussions reinforced India's commitment to expanding renewable energy deployment while maintaining a reliable and secure power supply nationwide.

Gujarat Alkalies and Chemicals Limited (GACL) has partnered with CleanMax to develop a 160 MW wind-solar hybrid renewable energy project in Gujarat. The project aims to support GACL's sustainability goals and reduce reliance on conventional power sources. Combining wind and solar generation will enhance energy reliability and maximize renewable energy utilization, contributing to the state's clean energy transition targets.

POWERGRID has initiated a tender for a 100 MW/400 MWh battery energy storage system (BESS) project in Kharagpur, West Bengal. The project aims to enhance grid flexibility, support renewable energy integration, and improve power system reliability. As energy storage deployment accelerates across India, this initiative reflects continued growth in investment in large-scale storage infrastructure.

A subsidiary of Pace Digitek has signed a power purchase agreement with BESCOM for a large-scale clean energy project involving 250 MW of solar power generation and 1100 MWh of battery storage. The project is expected to strengthen Karnataka's renewable energy supply, improve grid stability, and provide dispatchable clean power to support growing electricity demand.

Power Finance Corporation (PFC) has received approval from the Ministry of Corporate Affairs to dissolve its wholly-owned subsidiary, PFC Projects Limited. The closure is part of a corporate restructuring plan aimed at streamlining operations and improving organizational efficiency. PFC remains one of India's leading power sector financial institutions, supporting generation, transmission, distribution, and renewable energy projects.

Lumino Industries has emerged as the lowest bidder for the 220/132 kV substation project in Morigaon, Assam, with a bid of INR 1.76 billion. The project is expected to strengthen transmission infrastructure and improve power reliability in the region. Enhanced substation capacity will support growing electricity demand, facilitate network expansion, and contribute to Assam's broader energy development goals.

The Central Electricity Regulatory Commission (CERC) has proposed a third amendment to the 2026 Deviation Settlement Mechanism (DSM) regulations. The draft introduces revisions to deviation pricing mechanisms and provisions related to energy storage systems. The proposed changes aim to improve grid discipline, accommodate emerging energy storage technologies, and ensure efficient power supply-demand balancing in the evolving electricity market.

The Karnataka Electricity Regulatory Commission (KERC) has approved new regulations for granting transmission licenses through competitive bidding. The framework aims to enhance transparency, improve project execution efficiency, and encourage private sector participation in transmission infrastructure development. These regulations align with ongoing reforms aimed at modernizing India's transmission ecosystem.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has reformed green energy open access regulations, updating fee structures and metering provisions. These changes are expected to simplify the renewable energy procurement process for consumers and improve administrative efficiency. The revised framework supports broader adoption of clean energy and greater participation in the open access market.

The Tamil Nadu Electricity Regulatory Commission (TNERC) has published draft tariff regulations for conventional generation projects for the 2027-2032 control period. The framework proposes updated methodologies for determining tariffs and operational norms. Stakeholder feedback will help shape the future regulatory mechanism supporting reliable and economically viable conventional power generation in the state.

TNERC has also released draft tariff regulations for non-conventional energy projects for the 2027-2032 period. The proposed framework covers renewable energy technologies and aims to provide long-term regulatory certainty for developers and investors. This initiative supports the continued growth of renewable energy while balancing consumer interests and project viability.

Sharika Enterprises has secured a subcontract from UPCL for an Advanced Distribution Management System (ADMS) under the Ganga Corridor Distribution Modernization project. The initiative aims to improve grid visibility, enhance outage management, and strengthen distribution network performance. Deploying advanced digital technologies will support smarter and more efficient power delivery in the region.

AIIMS Nagpur has signed a memorandum of understanding with Mahapreit to develop a 4 MW solar power project. The initiative is expected to reduce electricity costs, improve energy sustainability, and support the institution's environmental goals. The project highlights the increasing adoption of renewable energy solutions by healthcare and public sector institutions.

Ganesh Green Bharat has received a major EPC order from NTPC Renewable Energy for a 1000 MWh battery energy storage system project. The contract underscores the growing demand for large-scale storage infrastructure in India's energy transition. The project will contribute to improved renewable energy integration, grid balancing, and long-term energy security.

Haryana will begin large-scale deployment of smart meters from August 31, as part of broader power sector reforms encouraged by the central government. The initiative aims to improve billing efficiency, reduce losses, and enhance consumer services. This deployment complements efforts to strengthen distribution networks, expand rooftop solar adoption, and modernize the power sector.

India has extended the countervailing duty on solar glass imports from Malaysia for another five years. The decision aims to protect domestic manufacturers from subsidized imports and strengthen the local solar supply chain. The extension aligns with broader efforts to promote self-reliance and support the growth of India's solar manufacturing ecosystem.

Kunde Solar Solutions has been named Residential Solar EPC Company of the Year at the 2026 Goa Energy Excellence Awards. The award recognizes the company's contributions to residential solar adoption, high-quality project execution, and customer service. Recognition from industry leaders continues to highlight innovation and excellence in India's solar sector.

Joint Solar is expanding its TOPCon module manufacturing operations to meet growing demand for high-efficiency solar technology. This expansion reflects an increasing market preference for advanced module technologies that deliver higher energy output. The move is expected to strengthen production capacity and support India's growing solar deployment pipeline.

Prozeal Green Energy has commissioned a 35 MW peak solar power plant in Maharashtra. The project adds renewable energy capacity to the state and contributes to decarbonization efforts. It demonstrates the continued momentum of utility-scale solar deployment and highlights the important role of private developers in India's clean energy expansion.

The 2026 Goa Solar and Storage Expo concluded successfully, bringing together policymakers, developers, manufacturers, investors, and technology providers. The event showcased innovations in solar, storage, smart grids, and clean energy solutions while fostering industry collaboration. Discussions focused on accelerating renewable energy deployment and strengthening India's clean energy ecosystem.

Solstar Ultima LLP was named Best Residential Rooftop Solar Installer at the 2026 Goa Energy Excellence Awards. The award recognizes the company's achievements in delivering high-quality rooftop solar installations and driving residential solar adoption. Industry awards continue to honor organizations driving innovation and customer-centric growth in the renewable energy sector.

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