Industry news
A recent analysis by PL Capital indicates that Power Grid Corporation of India holds a significant advantage in project maturity and execution readiness for the fiscal year 2028 compared to Adani Energy Solutions. While both companies have strong project visibility for FY27, Power Grid's advanced progress on its FY28 pipeline positions it favorably.
Om Power Transmission Limited has been awarded a contract by Hild Projects Private Limited for the development of a 220 kV AIS switchyard. This infrastructure is intended for a 600 MW solar power plant being constructed by NTPC in Bhuj, Gujarat. The contract, valued at Rs 406.9 million, excludes goods and services tax and is slated for completion within 10 months.
Shakti Pumps (India) Limited has invested Rs 110 million in its subsidiary, Shakti Energy Solutions Limited (SESL), to establish a 2.2 GW solar manufacturing plant in Pithampur, Madhya Pradesh. The new facility will produce high-efficiency solar domestic content requirement (DCR) cells and solar photovoltaic (PV) modules.
A new analysis indicates that India's power-sector emissions remained flat between the first half of 2024 and 2026, marking the first time in over 50 years that coal power did not expand despite growing electricity demand. This stability is attributed to a significant increase in clean energy generation, including nuclear power.
The coal ministry has refuted claims that coal supply disruptions are causing power shortages in Uttar Pradesh, stating that thermal plants in the state are not in a critical fuel category. Daily coal supplies have exceeded average consumption since September 1. The ministry highlighted that a captive coal mine allocated to Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) in Jharkhand 11 years ago remains undeveloped, forcing the state to rely on external sources.
The Office for Nuclear Regulation (ONR) and the Environment Agency (EA) have outlined their strategies to implement reforms aimed at accelerating nuclear project delivery across the United Kingdom. These plans respond to recommendations from the Nuclear Regulatory Taskforce, which called for a "radical reset" to reduce costs and timelines for new nuclear builds.
Prime Minister Narendra Modi announced the opening of India's nuclear energy sector to private participation, alongside ongoing work on small modular reactors and an expanded transmission network. This initiative aims to bolster the country's power infrastructure, which is deemed crucial for supporting the growing semiconductor ecosystem and artificial intelligence demands.
The International Energy Agency (IEA) confirms that capital markets continue to support electrification, even as grid capacity and affordability present hurdles. Global energy investment heavily favors electricity over fossil fuels, with South Korea's manufacturing capabilities poised to support regional electrification efforts.
A great discussion on the future of financing India’s nuclear ecosystem. Thank you to everyone who joined our latest NucFinder webinar, and especially to our speakers: Kapil Bansal, Partner at EY-Parthenon India and Hiten Sutar, Partner at EY India. We discussed how the emerging regulatory landsc...
Oriana Power Limited has approved a total investment of Rs 1.18 billion across three of its subsidiaries. These funds are designated to bolster engineering, procurement, and construction (EPC) activities and advance solar power projects.
India's power sector carbon dioxide emissions remained stable between the first half of 2024 and 2026, driven by a significant expansion of non-fossil fuel capacity. This period marks the first time in over 50 years that coal power growth in India has stagnated, despite an overall increase in electricity demand.
NTPC Ltd, India's largest power producer, plans to develop 50 GW of nuclear capacity by 2047, representing half of India's national nuclear objective. The company is engaging with international technology providers and building internal capabilities while evaluating Small Modular Reactor (SMR) technologies. Nuclear projects will operate under a cost-plus model to manage long gestation periods and substantial upfront costs.