India’s invisible megawatts: How captive and rooftop power finally forced themselves into the grid conversation. Supreme Court-triggered audit to probe KSEB’s survival without regulatory asset recovery. India’s coal price index hides a widening split between steel and power fuel costs. CEA begins market mapping of grid-forming inverter manufacturing base. CERC blocks data fishing bid in ISTS charge dispute, narrows evidentiary scope. UERC trims PTCUL’s 220 kV hybrid bay approval to Rs 10.64 crore from Rs 11.05 crore. Parliamentary Briefs. Company Updates. CERC Updates. Miscellaneous Update: Part I. Miscellaneous Update: Part II. Daily forward looking import matrices. Regulatory Updates: Part I. Power Committee Updates. Market Round-up. Download tenders and newclips. Coal logistics: Results. Clean technical clearance sets up high-stakes price discovery in Mawkhanu. Urja Global Limited’s review flags missing evidence for Rs 46.35 crore CWIP; recoverability “not determinable. Contracting news for the day: Part-1. Contracting news for the day: Part-2. KEC International Limited details bribery-case overhang as “sub judice”; no update, no outcome stated. Company updates. Dry bottom ash systems tendering: Patience becomes a qualification filter. Download tenders and newclips. Miscellaneous Update: Part II. CSE Deccan Solar has a flags 12-year lock-in vs 19.75-year debt tail. ReNew Wind Energy (TN2) PLF slip to 21.2% in H1FY26 despite NTPC-backed Rs.4.66–4.80 tariffs. Solar’s trillion-dollar surge exposes widening divide between capital-rich and capital-poor regions. Coal demand from thermal plants crosses 1-billion-tonne mark after post-pandemic surge. Solar surge masks structural churn in India’s under-construction renewable pipeline. India’s winter demand surge pushes coal fleet back to high utilisation while renewables continue expanding. EV charging demand dips at public stations while private and depot charging accelerates across India. Regulatory Updates: Part I. Regulatory Upadate: Part II. Miscellaneous Update: Part I. Power Committee Updates. Market Round-up. Daily forward looking import matrices. REC tightens transmission risk screws in Ryapte 2000 MW solar park evacuation tender. TNPDCL’s 20,000 km AAAC rabbit conductor tender draws 30 qualified bidders, sharpening focus on price discipline. Owner draws a hard compliance line at technical opening for its 33 MW rooftop solar programme. Synergy quietly deepens its bet on GMR Power through preferential allotment. Company updates. Contracting news for the day: Part-1. Contracting news for the day: Part-2. Contracting news for the day: Part-3. Miscellaneous Update: Part II. . Download tenders and newclips. . . Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day. . Daily forward looking import matrices. Power Committee Updates. Regulatory Updates: Part I. Miscellaneous Update: Part I. Market Round-up. . Download tenders and newclips. . . . . . Surplus power post PPA: Deadline pushed not the risk boundary. Premier Energies wafer plant: Where is the money?. Market Round-up. Regulatory Updates. Miscellaneous Update: Part I. Miscellaneous Update: Part II. Power Committee Updates. Company updates. Contracting news for the day: Part-1.
India’s invisible megawatts: How captive and rooftop power finally forced themselves into the grid conversation
Feb 04: 8The discussion exposes a quiet governance gap: CEIs, SLDCs, DISCOMs, and developers all hold fragments of the truth, but no one owns the full picture. The proposed data architecture-pilots, smart meters, AMR systems, and developer-led platforms-signals a shift from ad-hoc reporting to quasi-real-time surveillance. Yet beneath the technical optimism lie unresolved cost burdens, data ownership questions, and regulatory exposure that could reshape captive economics and rooftop solar’s grid relationship. Click on Details for moreDetails
Supreme Court-triggered audit to probe KSEB’s survival without regulatory asset recovery
Feb 04: 8This signals a governance shift from tariff debates to balance-sheet accountability. The exercise could reshape how Indian regulators view prolonged regulatory asset accumulation. Click on Details for moreDetails
India’s coal price index hides a widening split between steel and power fuel costs
Feb 04: 8This split suggests that steel sector fuel costs are firming while power sector fuel pressure is easing slightly. For power utilities and regulators, the stable headline index masks grade-level shifts that could affect FPPCA calculations and station-wise variable cost trends. Click on Details for moreDetails
CEA begins market mapping of grid-forming inverter manufacturing base
Feb 04: 8Manufacturers now face a soft regulatory spotlight that could shape eligibility in upcoming renewable integration schemes. Click on Details for moreDetails
CERC blocks data fishing bid in ISTS charge dispute, narrows evidentiary scope
Feb 04: 8The order also signals CERC’s resistance to turning tariff proceedings into data-heavy forensic audits. Click on Details for moreDetails
UERC trims PTCUL’s 220 kV hybrid bay approval to Rs 10.64 crore from Rs 11.05 crore
Feb 04: 8The immediate effect is a lower approved cap now, while leaving the final cost recovery exposure open to later scrutiny. Click on Details for moreDetails
Parliamentary Briefs
Feb 04: 8Green Hydrogen Mandate [Rajya Sabha] Details 8Renewable Energy Projects in Odisha [Rajya Sabha] Details 8Solar and wind energy in Rajasthan [Rajya Sabha] Details 8Global partnerships for improvements in renewable energy [Rajya Sabha] Details 8City Accelerator Program under PM Surya Ghar: Muft Bijli Yojana [Rajya Sabha] Details 8Lower energy storage capacity [Rajya Sabha] Details 8PLI Scheme for High Efficiency Solar PV Modules [Rajya Sabha] Details 8PM Surya Ghar: Muft Bijli Yojana [Rajya Sabha] Details 8Promotion of domestic solar manufacturing and identification of high solar potential regions [Rajya Sabha] Details 8Solar park projects in Maharashtra [Rajya Sabha] Details 8UERC trims PTCUL’s 220 kV hybrid bay approval to Rs 10.64 crore from Rs 11.05 crore DetailsDetails
Company Updates
Feb 04: Adani Defence and Leonardo sign MoU for AW169M, AW109 TrekkerM helicopter manufacturing ecosystem in India. 8There will be a phased indigenisation and dedicated MRO and pilot training capabilities. Click on Reports for more. Auditor’s review flags Mumbai International Airport Limited (MIAL) exposure tied to Rs 845.76 crore allegations in Adani Enerprises. 8What is not stated is any quantified adjustment to results for thi. Click on Reports for more. Adani Enterprises posts Rs 11,985 crore 9M FY26 EBITDA as Navi Mumbai airport starts operations. 8The filing also anchors capital market support through a rights issue raising ?24,930 crore (oversubsc. Click on Reports for more. Alfa Transformers clears Q3 unaudited results, auditor flags missing debtor-creditor confirmations. 8What is not stated is the quantum of such unmatched balances or whether any reconciliation will foll. Click on Reports for more. REC denies any merger talks with PFC, says Economic Times report not based on company information. 8REC is drawing a hard line between market merger chatter and what it says is only a poli. Click on Reports for more. Power Finance Corporation Ltd. (PFC) links “PFC–REC merger” report to Budget 2026 restructuring proposal; board to deliberate. 8PFC limits the stated trigger to the Budget 2026 announcement and reserve. Click on Reports for more. JSW Energy Limited says it is “evaluating opportunities” in power, but nuclear capex not on the table now. 8It keeps its broader power-sector evaluation open-ended but fences off nuclear investments ex. Click on Reports for more. Indian Energy Exchange Limited (IEX) flags RTM jump to 4,638 MU as prices fall to Rs 3.72/unit. 8It also reports DAM volume of 6,182 MU (up 2.8% YoY) and a DAM average price of Rs 3.86/unit (down 12.9%. Click on Reports for more. Bharat Forge investor pact binds BF Utilities to casting carve-out, India business only via JS Auto. 8The annexure specifies that certain BFL-affiliated entities, including BF Utilities, are subject to. Click on Reports for more. IRCON disputes exchange fine over board committee composition, calls levy “unreasonable” for government company. 8IRCON’s Board has stated that as a government company under Section 2(45), director app. Click on Reports for more. Indowind Energy lines up Rs 57.80 crore promoter RPT to buy Everon Power shares from Dr. Bala Kutti. 8It is raising a Rs 1,500 crore borrowing limit, up from Rs 1,000 crore. Click on Reports for more. Epic Energy Limited ties up with REFNIC for Li-ion shredding and 10 MWh/month second-life assembly via SUN LLP. 8REFNIC will be the technical partner for design, engineering, integration, installation. Click on Reports for more. TANTRANSCO terminates BGR Energy Systems Limited’s Tirupattur–Palavadi substation EPC. 8The transmission entity may recover LDs and differential cost after contract termination. Click on Reports for more. KPI Green Energy Limited cites GUVNL 445 MW/890 MW BESS LOI and INR1,000–1,100 crore capex range. 8The flags INR676 crore Q3 revenue and 45% YoY growth. Click on Reports for more. KPI Green Energy Limited secures commissioning certificate for 16.16 MWdc PM-KUSUM solar projects in DGVCL area. 8The company frames the development as part of its IPP segment execution and a contribut. Click on Reports for more. Solar Industry India’s Rs 21,200-crore order book locks in multi-year visibility . 8A large backlog dominated by defence and CIL/SCCL orders gives Solar a long earnings runway, even if individual segmen. Click on Reports for more. RMC Switchgears lands Rs 200.86 crore Jaipur Discom LOIs for 11 kV feeder segregation under RDSS. 8They are talking of two turnkey packages: segregation of 11 kV mixed feeders at Dholpur Circle (Rs.116.4). Click on Reports for more. Triveni Turbine’s Q3 order booking drops 26% to Rs 3.91 billion even as order book hits Rs 19.86 billion. 8The quarter’s booking are divided into domestic Rs 1,823 million (47% share; up 1% y-o-y). Click on Reports for more. KEC International Limited adds Rs 1,020 crore orders; says YTD order intake - Rs 20,300 Cr. 8The company’s year-to-date order intake stands at ~Rs 20,300 Cr and cites successive large tower supply orde. Click on Reports for more. Madison Pacific Trust Limited discloses encumbrance over 56.38% of Vedanta Limited shares under US$350 million facility. 8The filing does not state any acquisition of voting-rights shares by the agent. Click on Reports for more. Vedanta Limited flags ESG score of 60.8, says SES issued rating independently. 8It is not known whether Vedanta has accepted, disputed, or sought any review of the score. Click on Reports for more. Details
CERC Updates
Feb 04: 1) CERC resets Southern grid strengthening tariffs after capital cost corrections 8The ruling reinforces CERC’s stance on disciplined cost norms, especially around spares and deferred liabilities.
2) CERC trims reactor asset base, resets northern grid charges for new control period 8The ruling reinforces CERC’s hard line on capital discipline before the new tariff block begins. It also signals continued scrutiny of legacy cost padding in mature interstate assets
3) CERC clears litigation-driven cost surge in Southern grid strengthening asset 8The move reinforces that legal risk in transmission projects ultimately migrates into regulated revenue streams.
4) CERC locks revised tariff path for Wardha fault-control transmission upgrade 8It signals that even non-capacity-augmenting works are subject to full tariff scrutiny as grid complexity rises.
5) CERC resets Powergrid Jharkhand–Bengal transmission tariff across two regulatory cycles 8The decision signals continued emphasis on prudence review over mechanical tariff pass-throughs.
6) CERC resets ERSS-VII tariffs, clears Rs 26 lakh carry-over costs into new cycle 8The regulatory signal is one of continuity - no reopening of old disputes, only structured pass-through of verified residuals
7) CERC resets Northeast grid upgrade tariffs, lowers past charges, sets leaner next cycle 8The broader signal is a regulator intent on compression of transmission carrying costs while preserving equity returns.
8) CERC trims legacy tariff base, stabilises spare asset charges for new control period 8The order signals a continued regulatory preference for cost containment in legacy grid assets rather than expansion-driven recovery. It also reinforces discipline on post-COD capital claims.
9) CERC resets ERSS-XVII tariffs as Powergrid costs move into new control period 8The ruling signals continuity rather than reform - but locks in cost visibility for the next five years.
10) CERC resets NERSS-II tariffs, clears legacy dues and locks five-year cost recovery 8The ruling reinforces regulatory preference for financial closure discipline over fresh capex expansion in mature transmission schemes.
11) CERC resets Western Region transmission costs, merges nine grid assets for new tariff cycle 8The regulator has reaffirmed cost-plus transmission recovery but with sharper reconciliation of contractor liabilities and delayed capitalisation flows.
12) CERC clears petition revision but locks in tight January filing deadlines 8The move underscores a regulatory preference for procedural discipline over timeline extensions in active generation tariff matters. For the generator, the revision opportunity comes with limited room for delay or iterative correction. Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 04: 1) Coal Ministry opens door to insurance bonds as mining performance security 8The change affects competitive tariff-linked coal blocks, including projects supplying ultra mega power plants.
2) Coal ministry lifts December index as coking grades outpace thermal benchmarks 8The direction, however, signals that industrial fuel markets are regaining pricing strength faster than the power sector.
3) Khavda Phase-II link goes live, unlocking 4.5 GW renewable evacuation capacity 8At the system level, it signals continued prioritisation of high-capacity RE corridors over conventional expansion.
4) India’s smart metering drive crosses 5.46 crore installs but mega states lag 8The disparity signals emerging pressure points in funding flows, vendor capacity allocation, and state-level reform readiness.
5) G-DAM volumes rise in January as buyer mix flips and C&I selling accelerates 8The pattern suggests portfolio and procurement repositioning rather than a documented operational disruption.
6) Eastern coal fleet captures SCED gains as southern units absorb deeper backing down in December 8The pattern suggests a system shift where eastern coal economics dominated real-time optimisation, pushing southern units down the merit stack.
7) RVPN defends asset carve-out as RTIL seeks separate transmission licence 8The outcome may signal how Rajasthan handles future structural unbundling within its grid infrastructure.
8) RVPN defends transmission demerger, pushes tariff questions to future proceedings 8For DISCOMs and consumers, the financial ripple effects remain undefined at this stage. The Commission now faces a decision on whether to separate structural approval from tariff accountability.
9) Jodhpur Discom corrects billing linkage for November FPPAS recovery 8It also reflects regulatory sensitivity around billing period integrity under the RERC framework.
10) Coal still anchors Rajasthan dispatch as one major NTPC unit shows cost stress 8For Rajasthan SLDC and state utilities, the data signals continued dependence on central coal allocations while gas remains structurally sidelined.
11) Kerala’s state utility posts profit on government support amid mounting regulatory gap 8The tension between political tariff restraint and financial sustainability is becoming more visible. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 04: Fortum targets 8–10 Euro/MWh “optimisation premium” in 2026 as hedges lock 41 Euro/MWh. 8The near-term consequence is that 2026 earnings exposure is framed as less about spot prices and more about the company’s ability to outperform its hedge baseline through optimisation. Click on Details for more.
ASEAN Power Grid shifts from planning to “operational action” as enhanced MoU becomes the 2026 backbone 8It says bilateral cross-border electricity trade remains the practical foundation while subsea interconnections and new power corridors emerge as the next frontier. Click on Details for more.
ICRA keeps Samyama Jyothi Solar at [ICRA]A+ as cash pooling cushions debt despite fires and outages 8The pool collectively operates 76 MWp, with cumulative DSCR stated above 1.4x over the debt tenure and a DSRA of Rs 12.66 crore alongside Rs 42.37 crore unencumbered cash as of December 31, 2025. Click on Details for more.
MNRE locks 50 GW/year bid trajectory through FY28 as global partnerships widen across storage and hydrogen 8The mechanisms including MoUs, LoIs and joint dialogues with partners ranging from Australia and France to IRENA. Click on Details for more.
India pegs 60.63 GW storage need by FY30, with 41.65 GW from BESS
Plain solar loses ground: REIAs pushed toward storage-linked tenders as only 24.3 GW PPAs signed 8Declining costs of solar/wind plus storage and dispatchable RE have reduced demand for “plain solar/wind power,” prompting government sensitisation of agencies toward peak-hour and FDRE tenders. Click on Details for more.
India and Bhutan push commercial optimisation of Punatsangchhu-II 1020 MW output 8India and Bhutan also assessed cross-border transmission links out to 2040 alongside the need to streamline approvals for scheduling of power, particularly during Bhutan’s lean months. Click on Details for more.
Varun Beverages commits up to Rs 1.58 crore for 30% captive solar SPV stake in Haryana 8It is seeking solar power supply for facilities in Nuh, Panipat and future sites. Click on Details for more. Click on Details for more.
CERC cuts Essar–Bachau line tariff start to 2 June 2022, rejecting PGCIL’s earlier COD claim 8What is not accepted is COD approval under Regulation 5(2), since Essar Power Gujarat Limited (EPGL) had already relinquished LTA. Click on Details for more.
Powerica’s Rs 250 crore AA-rated term loan leans on DG cashflows as CPCB IV+ shifts bite 8ICRA frames CPCB-IV driven price hikes as a “key monitorable” and reiterates vendor concentration, with Cummins India Limited-linked DG sets accounting for ~70% of FY2025 operating income. Click on Details for more.
APTEL backs HERC’s “infructuous” call, nixing Nile Condominium’s Rs 45 lakh refund route 8The dispute traces to a sharing-cost demand of Rs.44,66,500 (after adjusting ~Rs.26 lakh earlier paid) and the Association’s deposit of about Rs.45 lakh under protest for shifting supply to Sector 47, with CGRF directing DHBVN to refund and then claim from Haryana Vidyut Prasaran Nigam Ltd. (HVPNL). Click on Details for more.
HVPNL ties Feb training nominations to salary recovery and disciplinary action for non-attendance 8The memo states that if nominated officers/officials fail to attend, “training expenditure shall be recovered from their salary and disciplinary action will be initiated. Click on Details for more. Details
Daily forward looking import matrices
Feb 04: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8LNG 8Crude 8Chemicals 8Fertilizers 8LPG 8Ammonia 8Coal & Coke 8All tankers 8Bulk and Dry cargo Click on Reports for more.Details
Regulatory Updates: Part I
Feb 04: 1) Kerala regulator forces 24×7 supply pledge and auto-compensation regime 8Consumers, especially commercial and institutional users, stand to gain enforceable uptime guarantees for the first time.
2) Kerala regulator trims Infopark costs, rewards loss reduction in FY25 reset 8The outcome signals a regulatory tilt toward efficiency-based incentives rather than blanket cost approvals.
3) TNERC orders TANGEDCO to clear legacy interest dues, blocks instalment relief 8Beyond the immediate financial hit, the ruling reinforces payment discipline expectations in state-backed renewable procurement contracts.
4) TNERC blocks TNPDCL review after APTEL appeal shifts jurisdiction 8The order underscores how procedural missteps can override substantive tariff arguments. It also signals tightening discipline in how regulatory remedies are sequenced.
5) TNERC orders TANGEDCO to pay delayed solar deposit with 12% interest 8The decision signals that regulatory tolerance for payment deferrals is narrowing.
6) Regulator blocks sub-threshold 33 kV supply, reinforces voltage discipline 8The ruling signals that future load projections cannot substitute for present eligibility.
7) JSERC enforces mandatory bank guarantee rule on captive power users 8The decision signals a tightening regulatory stance on captive verification, shifting risk from utilities to industrial generators.
8) Jharkhand regulator locks captive plants into upfront financial security regime 8The ruling shifts captive power from a compliance declaration model toward a pre-emptive risk-secured framework.
9) JSERC clears 40-year Dibang hydro supply deal for DVC 8The regulator’s nod reinforces hydro’s role as both reliability insurance and compliance currency in the evolving RPO framework.
10) JSERC clears Rs 6.9 crore ash handling capex for CFBC compliance 8It also shows regulators prioritising continuity of plant operations where ash logistics threaten shutdown risk.
11) JSERC blocks single-point steel supply, mandates dual metering compliance 8Distribution utilities gain regulatory backing to enforce technical tariff segregation. The order signals a tightening stance on industrial metering discipline statewide. Click on Details for moreDetails
Power Committee Updates
Feb 04: 1) West Bengal’s reactive bill collapses - but the pool imbalance doesn’t: Bihar, Kahalgaon and Odisha quietly take over the VAR cashflow 8The pool is becoming a mirror of grid voltage management - and it’s reflecting instability pockets, not average performance.
2) The ER grid’s “quiet instability”: DSM pool stays positive, but the real stress is migrating into inter-regional settlement and dispatch-side make-good mechanisms 8The structural tension is clear: DSM looks “settled”, but scarcity is being priced through ancillary and commitment constructs, creating a two-layer discipline regime-payments move, but reliability signals are bleeding into other accounts.
3) NER’s allocation envelope tightens in Jan: the headline isn’t one plant-it’s the shrinking “total power” canvas and what it does to discipline 8January reads like an allocation stress-test-not because the sheet screams with exceptions, but because the macro ceiling falls and every sub-allocation becomes a potential grievance point.
4) WRPC’s pool flipped from SCUC-dominant surplus to shortfall-driven stress - even as the same winners kept collecting 8And the repeated behavioural issue is the persistence of large negative contributors (multiple VSTPS units, Sipat, NSPCL) - the same names, same direction signature that looks less like noise and more like a structural operating posture.
5) WR’s DSM bill didn’t “improve”-it collapsed: inter-regional stress cooled, and renewables stopped bleeding (for now) 8Operationally, the risk isn’t this week’s lower bill-it’s the volatility signal: the account shows WR can swing from heavy net payable to near-flat in seven days, which usually means the control problem has shifted-not vanished.
6) One flagship block stayed rock-solid-while another faceplanted to 45% availability, forcing the month’s ‘virtual’ balancing to do the heavy lifting in the West’s REA-based ABT 8Net-net, the grid’s meaning for the latest period is uncomfortable: operational stability is being maintained-but the reliability margin is concentrating, and concentration is what breaks first when the next unit trips.
7) Chhattisgarh’s VAR shock flips polarity- and quietly rewrites Western Region’s “discipline map” in a single week 8And the structural tension remains: state-level pay/receive can flip fast, but the persistent payer set (especially Gujarat) suggests deeper VAR management and network/reactive control constraints that weekly settlement alone won’t cure.
8) January’s scheduling story in NRPC: the virtual stack flipped from “support” to “stress”-with TRAS/SCUC turning into a visible corrective hand across flagship NR stations 8The repeated behavioural issue is that the virtual stack keeps appearing as a balancing tool rather than an exception-suggesting structural reliance on optimisation layers where beneficiary discipline should have carried the load.
9) Southern Region’s reactive pool tightens: net receivable jumps-driven by Karnataka + Andhra, while Tamil Nadu flips from payer to major claimant 8This is the kind of weekly pattern that quietly rewires incentives: reactive discipline becomes a tradable edge-until the pool starts signalling “persistent winners” and “repeat offenders” with uncomfortable consistency.
10) From Telangana tailwind to Tamil Nadu windfall: the DSM pool flips its biggest payer/receiver map in one week 8Week-on-week, the Southern Region’s DSM story isn’t “volatility”-it’s a clean redistribution of who is funding discipline and who is cashing it. Click on Details for moreDetails
Market Round-up
Feb 04: 1) RTM blows out over DAM as net exports shrink during the morning ramp 8RTM MCP hit Rs 8.51/kWh at Hour 7 (DAM at the same hour: Rs 5.73/kWh) on 2026-02-03. Inference: All-India net exchange flipped “less export” as RTM spiked (from -2,020 MW at 00:00 to -1,294 MW at 07:00), tightening the system right when demand jumped above 209 GW. Why it matters: a ~Rs 2.77/kWh RTM–DAM basis at a peak hour is a direct procurement risk for RTM-exposed buyers and a stress-signal for balancing depth.
2) A second price regime hits at 18:00 as export cushion collapses again 8RTM MCP stepped up from Rs 4.37/kWh (17:45) to Rs 8.68/kWh (18:00) on 2026-02-03. Inference: The jump lines up with net exchange moving sharply toward zero (export shrinking to ~-1.34 GW at 18:00), while frequency softened into 49.95–49.96 Hz by 18:30–18:45. Why it matters: this is a clean “regime break” signature-buyers relying on late-day RTM cover face sudden cost shocks without an obvious corridor-constraint trigger.
3) “No ATC/(N-1) violations” masks a voltage problem at a solar hub 8The system reliability report shows 0 hours of ATC and (N-1) violations on major corridors for 2026-02-03. Inference: Yet Bhadla II sat outside the IEGC voltage band for 17.71% of the day, a local stress that corridor indices don’t capture. Why it matters: market participants can see “congestion-free” dashboards while still paying for voltage management risk that hits dispatch flexibility and renewable evacuation.
4) Ancillary SCUC volumes signal heavy balancing-even before you see the price 8SCUC schedules show SCUC-Up = 41,992 MWh and SCUC-Down = -41,991 MWh for 2026-02-03. Inference: That “up/down symmetry” screams continuous re-balancing, consistent with the day’s sharp RTM basis events (morning and 18:00 step) rather than a single isolated disturbance. Why it matters: when balancing energy is this large, RTM becomes the cost-pass-through channel; any liquidity thinning can turn routine balancing into headline volatility.
5) Big thermal outages sit in the background while buyers fight for RTM cover 8On 2026-02-02, multiple 660 MW units are listed under maintenance/forced categories (e.g., Jawaharpur STPP Unit-1 & Unit-2, Chhabra-II TPP Unit-6). Inference: With large units unavailable entering 2026-02-03, the system has less thermal “shock absorber,” making net-exchange swings and balancing actions more price-visible in RTM. Why it matters: outage-driven tightness doesn’t need a corridor violation to hurt-costs show up as RTM spikes and a wider intraday basis.
6) Smaller exchanges go dark-price discovery concentrates, volatility risk rises 8PXIL shows RTM MCP = Rs 10.00/kWh on 2026-02-02 with just 190 MWh scheduled; on 2026-02-03, PXIL RTM shows no trades. Inference: HPX RTM snapshot lists zero bids and zero cleared volume even on 2026-02-03. Why it matters: thin or absent trading outside the dominant venue reduces “pressure-release valves”-stress concentrates, and RTM spikes become harder to arbitrage away.
7) Rajasthan posts a positive UI day while running heavy thermal + solar-quiet imbalance risk 8In NR’s daily report for 2026-02-03, Rajasthan shows UI = +0.84 MU with generation dominated by thermal (152.02 MU) and sizable solar (43.81 MU). Inference: A positive UI alongside high internal generation suggests schedule-tracking stress (forecast error or dispatch friction), which can spill into RTM procurement and balancing requirements. Why it matters: even with zero reported shortage, persistent UI in large states is a cost-leak channel (DSM exposure) and a system-balancing burden.
8) Tamil Nadu shows a large negative UI despite big solar-curtailment or self-backdown signal 8In SR’s 2026-02-03 report, Tamil Nadu records Solar = 43.40 MU and UI = -4.62 MU (net under-drawal versus schedule). Inference: A negative UI of this size alongside strong solar can indicate either internal congestion/curtailment or deliberate backing down-either way, it reduces “usable” flexibility for the wider system. Why it matters: when solar-heavy states under-draw, the balancing load shifts elsewhere-raising the odds that RTM becomes the pressure point during ramps. Click on Details for moreDetails
Download tenders and newclips
Feb 04: For reference purposes the website carries here the following tenders: 8Tender for construction of 33 kV (2x5) MVAR capacitor bank at 132 kV sub station Details 8Tender for civil works related to maintenance and repair for roof treatment Details 8Tender for preventive and breakdown maintenance of machine Details 8Tender for procurement of 33kV CBs circuit breakers Details 8Tender for up keeping and routine electrical maintenance of LT ACB rectifier transformer Details 8Tender for complete overhaul of APH A and B sides and other related works Details 8Tender for upkeeping & routine mainetenance and attending minor repair works Details 8Tender for overhauling contract of boiler pressure parts Details 8Tender for replacement of ash slurry pipe lines. Details 8Tender for supply of various consumables & miscellaneous items Details 8Tender for supply of analyzers and spares for SWAS system Details 8Tender for job work of radiography of boiler tube weld joints Details 8Tender for replacement of top hand railing by using FRP/GRP material Details 8Tender for augmentation of existing 3 no 220kV S/C link between 400kV substation Details 8Tender for procurement of idler rollers for conveyor system, wagon tiplers Details 8Tender for procurement of HRC fuses Details 8Tender for establishment of construction of phase-II Details 8Tender for annual overhaulling services for boiler pressure parts valves soot blowers and burners Details 8Tender for procurement of conveyor belt used Details 8Tender for supply of 11kV single pole standalone complete set Details 8Tender for construction and renovation of 33 kV feeder Details 8Tender for carrying out the earthing audit (health assessment) of existing mat and earthing electrode Details 8Tender for preventive maintenance and emergency breakdown works in 333 KMs of EHT lines Details 8Tender for work of replacement of various high energy drain valves, steam / feed water lines Details 8Tender for rate contract for the work of overhaul, lifting & shifting of various sizes of LT motors Details 8Tender for operation and maintenance of electrical systems/electrical installations distribution panel retrofitting work Details 8Tender for repair, maintenance, and installation of plant/ systems/equipments Details 8Tender for work contract for providing assistance in unit operation and HR operation of 2x10 MW Details 8Tender for procurement of various lighting items and LED based flood tights for various power houses Details 8Tender for supply of material, erection, testing & commissioning (including civil works) for construction of 3 no. 33 kV substations Details 8Tender for work of annual contract for cold line cleaning of insulators for 220/132/110kV EHV lines Details 8Tender for preventive maintenance and emergency breakdown works in 346 KMs of EHT lines Details 8Tender for preventive maintenance and emergency breakdown works in 280 KMs of EHT lines Details 8Tender for procurement of various sizes of ERW pipe Details 8Tender for work for the 4000KVA new HT connection Details 8Tender for supply of pulverized fuel piping for coal mill Details 8Tender for procurement of ABT compliant energy meters Details 8Tender for reclamation of used and unserviceable transformer oil Details 8Tender for annual operations for lifting of segregated non segregated solid waste transportation and proper treatment disposal Details 8Tender for annual contract for operation and maintenance of electrical power system Details 8Tender for supply and installation of 1.5 ton 3 star split type air conditioner Details 8Tender for construction of railway track side of switchyard Details 8Tender for procurement of 415V ACDB, 110V DCDB Details 8Tender for procurement of 8400KM of ACSR weasel conductor. Details 8Tender for empanelment of firms for execution of electrical works upto 11 kV HT /LT level Details 8Tender for running, operation and maintenance of sewage treatment plant of capacity 30 KLD in plant Details 8Tender for supply of various type of flap gate actuators Details 8Tender for construction of sump pit-cum-pump chamber and other allied works Details 8Tender for supply of apron feeder liners Details 8Tender for supply of FSSS spares Details 8Tender for routine maintenance works cleaning of fuel oil guns and attending of minor repair works Details 8Tender for operation and upkeeping of unit – II boiler Details 8Tender for routine maintenance and break down maintenance of boiler water wall Details 8Tender for supply, erection, testing & commissioning including five years insurance and comprehensive operation and maintenance of total 09 meter height 300 WP capacity solar street high masts Details 8Design, supply, installation, testing, commissioning with (RMS) of cumulative capacities of 234 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with (RMS) of cumulative capacities of 898 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with RMS of 69 kW capacities of grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with RMS of 316 kW capacities of grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 453 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 258 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 196 kW grid connected solar PV plant Details 8Tender for repair and restoration of spur at RD Details 8Tender for work contract for routine, preventive, condition monitoring, shutdown, breakdown maintenance, and other miscellaneous works Details 8Tender for annual maintenance contract for preventive maintenance, defect attending, emergency work and overhauling of electrical equipment/auxiliaries Details 8Tender for work of providing and fixing heat shrinkable type cable joint kits Details 8Tender for supply of 35Nos,20MVA,110kV/11kV three phase transformers Details 8Tender for capital work 110kV substation Details 8Tender for reconductoring existing 11kV with covered conductor feeder Details 8Tender for reconductoring existing 11kV line with covered conductor Details 8Tender for extension of switch house Details 8Tender for manufacture, testing, supply and delivery of vehicle mounted cable fault locating equipments Details 8Design manufacture, testing, supply & delivery of B&S type 70KN (normal and anti-fog), 90KN (anti-fog) & 160 KN (anti-fog) disc insulators Details 8Tender for award of running contract for repair / rewinding of 220V DC motors, 415 V three phase AC squirrel cage motors, 415 V three phase AC slip ring motors Details 8Tender for construction of retaining wall for low lying Details 8Tender for construction of CTR tank and P/F of steel grating for 40/50-20/25 MVA Tr. at 132 kV GSS Details 8Tender for civil work for replacement of Tr.-II and Tr.-III at 220 kV GSS Details 8Tender for levelling, dressing and gravelling of 20/25 MVA transformer bay Details 8Tender for construction of civil foundation for 132 kV bay Details 8Tender for insurance of assets of thermal power stations Details 8Tender for supply of stay set complete Details 8Tender for construction of line for giving electric connection Details 8Tender for biennial maintenance contract of 02 nos. rail in motion weigh bridge Details 8Tender for overhauling work of LP turbine and associated works Details 8Tender for upgradation of performance analysis diagnostics and optimization (PADO) system Details 8Tender for procurement of carb clad coated seat and gate/disc of material handling vale Details 8Tender for complete rewinding of one number FD fan motor Details 8Tender for procurement of 3.5 V cross arm Details 8Tender for carrying out running maintenance works in unit I & II of ESP Details 8Tender for running maintenance of lighting in unit I & II boiler, transformer yard Details 8Tender for fabrication, galvanizing, testing, supply & delivery of different 33 kV, 132 kV substation structure including G.I nuts, bolts and washers Details 8Tender for incresing capacity of 1x10 MVA transformer Details 8Tender for maintenance of HT/LT lines Details 8Tender for work of carting of material, transformer, CTPT unit Details 8Tender for work of strengthening, fabrication and erection of steel structures Details 8Tender for work of replacement of rusted 37 (29+8) towers Details 8Tender for annual rate contract for servicing and overhauling of 11/22/33kV VCB poles Details 8Tender for work of supply, erection testing and commissioning of additional 50MVA, 132/33kV power T/F along with HV, LV bay Details 8Tender for second circuit stringing on 220kV line Details 8Tender for work of providing & fixing of additional jumpers on tension towers of the various lines Details 8Tender for AMC of new battery charger Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Union Budget 2026: Strong fiscal signals, fragmented support for India’s energy transition Details 8NLC India shares jump 5% after securing renewable power project Details 8Rajasthan’s new demand flexibility rules explained: How shifting electricity use could unlock more solar power Details 8Power generation company receives an order from solar energy corporation of India Details 816th Finance commission report: SPSEs in Himachal, especially power sector, incur losses of Rs 605 crore Details 8India's coal imports for power sector: A significant decline Details 8BCCL Posts loss on weak revenue Details 8Bharat Coking Coal Q3 results: revenue drops 25% YoY; coal India arm slips into losses to Rs 23 crore Details 8Kochi airport to run India’s first hydrogen-powered passenger buses Details 8TPREL commissions 198 MW group captive wind project Details 8Multiple steps taken to reduce green hydrogen cost: MNRE Minister Naik Details 8Over 26 Lakh households get rooftop solar under PM Surya Ghar; Rs 14,771 crore aid released Details 8Electric 2-wheelers to see 16-18 pc volume growth in FY28 as rare-earth supply eases: Crisil Ratings Details 8BHEL bags over Rs 1,000 crore project from Hindalco Industries Details 8IEX energy trade volume grows 19 pc to 13,050 MU in January Details 8The Hydrogenstream: NTPC green signs MoU with assago industries for green ammonia supply Details 8Energy storage funding slips 19% in 2025, but VC bets surge 30% as grid demand grows Details 8Industry expects India-US trade deal to boost solar exports Details 8India and Bhutan discuss measures to deepen cooperation in power sector Details 8India: Power demand climbs up in Jan'26; generation matrix shifts Details 8Big private players showing interest in India’s nuclear sector: Jitendra Singh on SHANTI Act Details 8India’s renewable energy capacity surges to 2,58,008 MW in 2025, accelerating clean energy transition Details 8NLC India renewables wins 600 MW renewable project with large energy storage from SECI Details 8Strengthening the textile and handloom sector to power atmanirbhar bharat Details You can also click on Newsclips for moreDetails
Coal logistics: Results
Feb 03: NTPC locks two Magadh–North Karanpura coal logistics 8Find out who the bidders areDetails
Clean technical clearance sets up high-stakes price discovery in Mawkhanu
Feb 03: 8Three EPC players have cleared technical scrutiny in a deceptively complex MeECL transmission tender.Details
Urja Global Limited’s review flags missing evidence for Rs 46.35 crore CWIP; recoverability “not determinable
Feb 03: 8The auditor records management’s explanation that a GST department raid on 20-07-2021 took records, leaving project documents and balance confirmations for loans/advances not available. Click on Details for more.
Details
Contracting news for the day: Part-1
Feb 03: This GSS PMC tender turns consultancy into a capital-intensive, EPC-grade risk play 8Repeated deadline extensions hint at market hesitation without promoter retreat.
UJVN stretches the bid timeline for Sirkari Bhyol Rupsiabagar electro-mechanical EPC package 8A hydro electro-mechanical EPC tender rarely moves quietly. 8UJVN’s repeated bid-date extensions suggest deeper signals about market readiness and execution risk. 8The real story sits in what the timeline flexibility reveals about bidder capability and promoter intent.
UJVN hard-codes technology and performance risk into Tiloth 15 Mw / 37.5 Mwh BESS tariff 8UJVN’s Tiloth BESS tender looks routine at first glance, but its risk geometry is anything but. 8Tariff discovery here quietly rewrites who carries India’s storage learning curve. 8The real contest is not price, but endurance.
Technical scope locks developers into long-term performance 8The tenders extend responsibility well beyond construction. 8Performance risk does not taper after commissioning. 8This reshapes how bidders evaluate module, inverter, and O&M strategies
UJVN’s Khatima BESS tender quietly shifts battery storage risk deeper into the developer balance sheet 8UJVN’s latest battery storage tender looks routine on the surface, but the risk architecture tells a sharper story. 8Tariff-based bidding under BOOT shifts long-term performance exposure in ways many bidders may underestimate. 8The real test will emerge not at bid opening, but years into operation.
Feb 03: APTRANSCO grants a calibrated bid deadline extension for the 400/220 kV AIS Sanampudi transmission package 8The date extension suggests bidders are engaging deeply with route constraints, bay interfaces, and energisation sequencing. 8Commercially, APTRANSCO has avoided reopening cost or risk clauses, signalling confidence in its tender design.
OPTCL’s Basudevpur 400/220 kV EPC tender tests market depth after three bid-date extensions 8OPTCL’s flagship Basudevpur EPC package has crossed its third deadline reset without touching scope or risk allocation. 8The extensions quietly shift cost, validity, and execution pressure onto bidders already navigating OEM and ROW constraints. 8What this means for price aggression and future grid tenders is only beginning to surface.
RVPN extends bid deadlines twice on 220 kV NPH–VKIA turnkey transmission package 8A high-capacity 220 kV cable-plus-monopole project rarely gets time relief without giving something up.
UJVN’s Lakhwar hydro EPC tender stretches time, tests balance sheets, and quietly reshapes bidder risk appetite 8UJVN’s Lakhwar electro-mechanical EPC tender looks conventional on paper, but its timeline tells a different story. 8More than twenty bid extensions have transformed time itself into a filtering mechanism.
TNGECL’s Karur 15 MW solar-BESS tender opens financial bids 8A hybrid solar-storage tender in Tamil Nadu has formally crossed the financial bid stageDetails
KEC International Limited details bribery-case overhang as “sub judice”; no update, no outcome stated
Feb 03: 8KEC International Limited’s CEO said there is “no particular update” on a “bribery case with Power Grid officials,” describing it as “sub judice” with hearings “not yet started.” 8The CEO says he has “no idea” what Power Grid will do. Click on Reports for more.
Details
Company updates
Feb 03: 8POWERGRID raises FY26 capex guidance to Rs 32,000 crore and capitalization to Rs 22,000 crore in investor deck. Click on Reports for more. 8Partial commissioning flagged: ACME unit cites GEDA certificate for 16 MW at Garambhadi, Sayla. Click on Reports for more. 8Orient Green’s subsidiary signs Rs. 85.05 crore EPC for 9.9 MW wind in Tamil Nadu. Click on Reports for more. 8Ujaas Energy says CMD Shyamsunder Mundra died on Feb 1; promoter status to cease. Click on Reports for more. 8CLN Energy grants 1,60,046 ESOP 2025 options; five-year exercise window stated. Click on Reports for more. 8K.P. Energy reports Q3 FY26 revenue Rs 347.6 crore; order book pegged at 2.18 GW. Click on Reports for more.Details
Dry bottom ash systems tendering: Patience becomes a qualification filter
Feb 03: 8Across large coal-based projects, promoters are increasingly tolerating longer tender cycles to preserve qualification and risk frameworks rather than dilute them. 8This aligns with tighter post-award governance and lower appetite for claims-heavy EPCsDetails
Download tenders and newclips
Feb 03: For reference purposes the website carries here the following tenders: 8Tender for upkeeping and routine maintenance of air preheater Details 8Tender for operation and upkeeping of unit II boiler Details 8Tender for annual overhauling work of TG set Details 8Tender for procurement of fasteners and studs for auxiliaries Details 8Tender for supply, installation, testing and commissioning of one 8-passenger or above capacity elevator Details 8Tender for procurement of spares for bottom ash hopper and eccentric crusher Details 8Tender for procurement of working and lube oil cooler assembly Details 8Tender for procurement of spares for ESP internals Details 8Tender for procurement of spares of CW pump Details 8Tender for procurement of spares for UF membrane for DM plant Details 8Tender for procurement of different size of knife edge gate valves installed Details 8Tender for work of construction of 1x33kV bay Details 8Tender for supply of pipes & bend Details 8Tender for construction of new retaining wall at coal stockpile Details 8Tender for assistance in jobs of electrical planning section and collection, loading, un-loading and transportation of HT motors Details 8Tender for providing and laying waterproofing treatment of various Details 8Tender for regular civil maintenance works in main plant and other infrastructure Details 8Tender for gas compressors replacement project Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for Bi -annual rate contract for restoration work of various 132kV & 220kV class transmission lines Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for fabrication, supply, erection and commissioning of top base frame structure assembly Details 8Tender for supply, erection, and commissioning of 300 NB M.S. seamless pipe Details 8Tender for providing take of structure, structural plinth, water supply arrangements Details 8Tender for supply, erection, dismantling of deteriorated/corroded 200 NB pipe Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for work of fault attending work 15 MVA, 66/11kV transformer Details 8Tender for work of replacement of earth wire on 66kV line Details 8Tender for supply and works related to implementation of automatic generation control Details 8Tender for supply of varios types of valves for 200KHI boiler feed pump Details 8Tender for annual maintenance work Details 8Tender for procurement of fabricated and cantilever racks Details 8Tender for Bi-ARC for the emergency restoration of power of 66kV, 132kV & 220kV transmission line Details 8Tender for annual maintenance work Details 8Tender for supply of transformer oil at 220kV sub-station Details 8Tender for annual maintenance work Details 8Tender for supply, retrofitting and commissioning of 6.6kV VCB Details 8Tender for renovation of 33/11 kV 2/10 MVA DSS Details 8Tender for one-time calibration of SCADA based compressive testing machine Details 8Tender for bi-annual Up-keeping of switchyard Details 8Tender for fabrication, supply and erection of steel liner Details 8Tender for empanelment of electrical contractors Details 8Tender for ARC for the work of running, operation and maintenance of sewerage and storm water pumps Details 8Tender for erection of substation electrical structures and installation of equipments and other related electrical works Details 8Tender for construction of 400 kV D/C transmission line with twin HTLS conductor equivalent Details 8Tender for biennial maintenance contract for boiler non pressure part Details 8Tender for biennial civil maintenance work Details 8Tender for procurement of LED luminaries for different Details 8Tender for providing & fixing of chain link fencing Details 8Tender for work for replacement of breaker/ CT/ PT/ ISO/ LA/ 11kV panel Details 8Tender for supply of electrical actuator for feed control valve Details 8Tender for miscellaneous civil works Details 8Tender for maintenance of emergency 11 kV lines Details 8Tender for work of complete overhauling and routine maintenance / BTF work of boiler Details 8Tender for supply, dismantling, installation and commissioning of shaft with hub for 165000 CFM capacity Details 8Tender for operation and maintenance power house / power plant Details 8Tender for bi annual maintenance contract (Bi-AMC) for work of refilling & providing new spares Details 8Tender for work of providing and fixing of high voltage busbar insulation tape & heat shrinkable busbar insulation tubing Details 8Tender for annual transportation of 10M/270KG PSC poles Details 8Tender for supply of nut bolt for rectification work in 765kV D/C transmission line Details 8Tender for survey, installation, testing and commissioning of 11kV line Details 8Tender for maintenance contract for 400/220/132 kV EHV lines ground Details 8Tender for maintenance contract for 400/220/132 kV EHV lines Details 8Tender for balance works for upgradation of control room renovation of cable trench slab Details 8Tender for maintenance contract for 400/220/132 kV EHV lines ground/routine/tripping/break down/top/night patrolling and maintenance Details 8Tender for maintenance contract for 400/220/132 kV EHV lines Details 8Tender for procurement of LP turbine Details 8Tender for line work of HT/LT line Details 8Tender for manufacture, testing, supply & delivery of 750 MT hot dip galvanised GI nuts bolts, step bolts and EG spring washers Details 8Tender for work of second circuit stringing along with end bays Details 8Tender for electrical works Details 8Tender for rate contract (RC) for the procurement of AIO PCs Details 8Tender for work of chemical washing of insulator strings Details 8Tender for work of overhauling of various make OLTC’s diverter switch (220/132/110 kV class) of ICT’s & T/F's at various Details 8Tender for supply of hardware for LT shackle insulators Details 8Tender for rate contract for repair of 33 kV and 11 kV CT-PT sets Details 8Tender for day to day repair of roofs and floors against leakages, pressure grouting for arresting Details 8Tender for annual maintenance contract for DCS system Details 8Tender for day to day repair and maintenance of steel structural works Details 8Tender for annual contract of hydro water jet cleaning of turbine condenser Details 8Tender for annual maintenance contract for servicing or overhauling of LT air circuit breaker Details 8Tender for non-comprehensive annual maintenance contract for symphony melody and symphony plus series DCS systems Details 8Tender for supply of material, erection, testing & commissioning (including civil works) of 33/11 kV indoor AIS substation Details 8Tender for annual maintenance contract of ash dyke Details 8Tender for LT reconductoring under exchange transformer Details 8Tender for supply of poles A type GI 11m and 12 m Details 8Tender for carrying out dyuthi 2.0 HT works Details 8Tender for annual contract for operation and maintenance of on line coal sampler Details 8Tender for overhauling of different LT motors Details 8Tender for renovation of control room along with fencing and other allied civil maintenance works Details 8Tender for renovation of control room switchyard Details 8Tender for supply, installation, testing and commissioning of 220V 300Ah plante type lead acid flooded stationary battery bank Details 8Tender for procurement of 10MVA, 66/33 kV and 66/11 kV power transformer Details 8Tender for procurement of 33kV isolators. Details 8Tender for procurement of 400 kV and 220 kV pantograph isolators. Details 8Tender for supply of various type material of 33/11 kV substation Details 8Tender for supply of various type material Details 8Tender for supply of various type material of 33/11 kV substation Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for meter reading, bill preparation, bill distribution, and supervision of the work Details 8Tender for construction of 11 kV line for providing Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for meter reading, bill preparation, bill distribution, and supervision of the work Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for replacement of 11 kV ACSR to AAAC Details 8Tender for work for second circuit stringing on existing 132 kV SCDC line Details 8Tender for procurement of numerical protection relay retrofitting kit Details 8Tender for supply of vibrating screen assembly with motor for primary crusher Details 8Tender for replacement of various high energy drain valves, steam/feed water lines Details 8Design, supply, installation, testing, commissioning including dismantling, replacement of control and relay panel for 66kV line feeder & transformer feeder Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Record renewables, weak links: India’s twin last-mile problem Details 8India’s energy balancing act Details 8India auctions 136 coal blocks since 2020 under Niti Aayog guidelines, boosting revenue and jobs Details 8Budget 2026: Coal freight, AC 3-tier may throw Rlys' FY26 revenue off track Details 8Thermal anchors grid reliability as renewables drive power capacity in FY2027: India Ratings Details 8Power Grid's india energy transition role amplified Details 8Budget 2026 Reactions: Views of clean energy industry stakeholders Details 8South Korea’s GS E&C enters India’s renewable energy market with 12.75 MWp open-access solar project Details 8Solar power allocation up 32% at Rs 30,539 crore Details 8GK Energy announces strategic expansion into retail solar rooftop systems sector Details 8Industry expects India-US trade deal to boost solar exports Details 8Waaree, Suzlon, Adani Green and 5 other green energy stocks jump by up to 14% today; Here’s why Details 8Cautious Monday: Nifty ends above 25,000, Sensex jumps 940 points – here are key highlights Details 8Coal India leadership changes reflect sector shift Details 8Orient Green power unit secures Rs 85.05 crore EPC contract for 9.9 MW wind project in Tamil Nadu Details 8200 units of free power for 2.23 lakh J&K families: J&K LG Sinha greenlights NC’s big poll promise Details 8India’s solar sector welcomes Budget measures to support local PV manufacturing Details 8Tata Power Renewable Energy commissions 198 MW wind project in TN Details 8Driving Change: Draft NEP 2026 proposes the next phase of sector reforms Details 8Budget 2026-27: Govt to restructure PFC, REC as part of NBFC reform push Details 8Easing Compliance: MoP releases draft Electricity (Amendment) rules, 2026 for captive power projects Details 8Balancing the Grid: CEA roadmap for scaling up pumped storage Details 8India Installs over 5.28 crore smart meters under RDSS to boost power sector efficiency Details 8Coal India production, offtake fall as power sector demand weakens Details 8Structural Shift: Key trends and new discom strategies to improve costs and efficiency Details You can also click on Newsclips for moreDetails
Miscellaneous Update: Part II
Feb 03: Contents8HPX sets Rs 9,000/MWh ceiling for Tamil Nadu Genco-Discom’s 400 MW April reverse auction. Click on Details for more.
8HPX sets Rs. 6,200/MWh ceiling for Tamil Nadu Genco-Discom’s 200 MW April overnight reverse auction. Click on Details for more.
8PXIL opens 400 MW Tamil Nadu discom reverse auction for April evening supply, minimum bid 20 MW. Click on Details for more.
8TANGEDCO seeks 200 MW April night power on PXIL; bids open till Feb 4, 11:00 am. Click on Details for more. 8Acme Solar doubles BESS target to 2 GWh by Q4FY26 to chase peak–off-peak arbitrage. Click on Details for more. 8PL keeps BUY on NTPC with Rs.423 target as Q3FY26 adjusted PAT rises ~1% YoY. Click on Details for more.
8Tripura extends deadline for TPGL Director (Technical) appointment applications. Click on Details for more.
8Defence revenue share at Solar Industries rises to ~22% in H1FY26; ICRA reaffirms A1+ and doubles CP limit. Click on Details for more.Details
CSE Deccan Solar has a flags 12-year lock-in vs 19.75-year debt tail
Feb 03: 8How will the company handle it? Click on Details for more.Details
ReNew Wind Energy (TN2) PLF slip to 21.2% in H1FY26 despite NTPC-backed Rs.4.66–4.80 tariffs
Feb 03: 8PLF is declining to 22.6% in FY25 (24.1% FY24) and 21.2% in H1FY26 (22.2% H1FY25), with FY26 generation expected to remain subdued around ~22%. 8There is no signal yet of any operational remediation beyond expectation of a return to long-term trends from FY27 onwards. The project’s revenue is entirely locked under 25-year PPAs with NTPC Limited (NTPC) Click on Details for more.Details
Solar’s trillion-dollar surge exposes widening divide between capital-rich and capital-poor regions
Feb 03: 8Battery deployment is rising alongside solar, supporting energy shifting and peak management. Solar-plus-storage is moving from pilot phase to mainstream procurement model. Markets are beginning to price firm renewable power. Click on Details for moreDetails
Coal demand from thermal plants crosses 1-billion-tonne mark after post-pandemic surge
Feb 03: 8After two consecutive years of decline, utility coal offtake surged. The data signals that grid-connected utilities, not industrial captive users, are now driving incremental coal logistics pressure. This expansion locks the power system into sustained high coal throughput. The trend also hints at tightening rail and mining infrastructure stress as dispatch volumes approach structural limits. Click on Details for moreDetails
Solar surge masks structural churn in India’s under-construction renewable pipeline
Feb 03: 8The shift toward solar-heavy additions increases future daytime oversupply risk and deepens the system’s need for storage and flexible balancing resources. 8Regulators and grid planners may soon face rising curtailment management and scheduling complexity as this solar-heavy capacity begins commissioning. Click on Details for moreDetails
India’s winter demand surge pushes coal fleet back to high utilisation while renewables continue expanding
Feb 03: 8Thermal generation absorbed most of this increase, with all-India coal PLF rising sharply from 59.01% to 66.17%, signalling a strong return of baseload dispatch. Peak demand climbed by nearly 17 GW month-on-month, yet the system maintained virtually zero peak shortage, reflecting improved reserve margins and grid coordination. Click on Details for moreDetails
EV charging demand dips at public stations while private and depot charging accelerates across India
Feb 03: 8The data signals a structural transition in India’s EV power demand geography rather than a slowdown in electrification Click on Details for moreDetails
Regulatory Updates: Part I
Feb 03: 8Kerala regulator sets February hearing for FY25 tariff proceedings Click on Details for more 8GERC cracks grid-access deadlock, orders DGVCL to sign MSME solar pact in 3 days Click on Details for more 8TNERC hearing slate signals compliance crackdown across Tamil Nadu power ecosystem Click on Details for more 8CERC monetises stranded Essar link as RE backbone, clears delayed tariff recovery Click on Details for more 8Tariff lands 21% below regulatory cost benchmark: CERC locks in sub-norm tariff for Mandsaur renewable evacuation grid link Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 03: 81) Delhi regulator cuts Tata Power Delhi Distribution’s PPAC ask, allows 7.24% till 30 April 2026 Click on Details for more
82) BSHPCL true-up hearing turns on a late capex question Click on Details for more
83) Kajra 185 MW solar with 282 MWh BESS tariff case risks ex-parte track as discoms stay absent Click on Details for more
84) Bihar ERC advances SLDC capex approval case after notice; no public objections received Click on Details for more
85) Uttarakhand regulator opens clock for ToD solar vs non-solar hours concept Click on Details for more
86) West Bengal regulator extends tariff regulations consultation deadline Click on Details for more
87) MERC’s MSEDCL tariff review hearing draws 180+ objectors, speaker list locked by 27 Dec 2025 Click on Details for more
88) APERC opens APTRANSCO FY25 resource-plan performance works to objections before 13 Feb 2026 Click on Details for more
89) DISCOMs must adjust LT consumers’ leading reactive energy charges after APERC blames capacitor-driven kVARh spikeClick on Details for moreDetails
Miscellaneous Update: Part I
Feb 03: 8Powergrid lifts FY26 capex plan as storage and global expansion accelerate Click on Details for more 8Powergrid moves to withdraw government nominee director after MoP disinvestment directive Click on Details for more 8Coal ministry expands contract hiring to strengthen mine monitoring and legal oversight. This strengthens oversight during a period of accelerated mine operationalization. States and central ministries will see closer engagement Click on Details for more 8India’s coal block allocation map widens as auctions extend into new year. Allocation of blocks has steadily shifted from captive power and industrial end-use toward commercial sale-of-coal mining Click on Details for more 8SCED redispatch widens national pool deficit as northern coal units surge and southern fleet backs down in December Click on Details for more 8India’s solar park engine shifts from construction mode to commissioning surge in Q4 2025 Click on Details for more 8Concentrated Solar Power (CSP) growth has stalled after early expansion Click on Details for more 8BESCOM activates consecutive FPPCA revisions, tightening monthly consumer cost alignment Click on Details for more 8CESC tightens field accountability with grievance, inspection and service enforcement push Click on Details for more 8APSPDCL: FPPCA cap blunts full cost pass-through as APPC rises across November–December 2025 Click on Details for more 8Koradi transmission unit publishes apprentice merit list, begins verification window Click on Details for moreDetails
Power Committee Updates
Feb 03: 8WR transmission is getting costlier - but the real story is the RTDA “discipline cliff” in Madhya Pradesh and DNHDDPDCL Click on Details for more 8TPTCL’s transmission-deviation bill is small in the eastern region-but the pattern screams “discipline by default, then a single relapse,” with Deemed-GNA assumptions quietly doing the heavy lifting Click on Details for more 8Bihar’s transmission bill jumps hard as Eastern Region cost-weight shifts-Odisha follows, while West Bengal quietly de-risks Click on Details for more 8January’s DC shock in the East: JIPL steps up hard, MPL flips from “middling” to “must-run”-but the schedule gap widens where it matters Click on Details for more 8Jan 2026 opens with a billing-heavy grid in the East: transmission cost allocation tightens even as waivers swing wildly across the same system that’s still rewriting its demand shape Click on Details for more 8NER’s transmission bill steps up again - and the real tell is not Assam’s dominance, but Manipur’s sudden leap and the HVDC waiver shock Click on Details for more 8From audit fatigue to protection Failure: NER’s grid governance stress-test deepens Click on Details for more 8Southern Grid Under Stress: When RE variability, transmission delays, and discipline slippage collide Click on Details for more 8January’s “availability rebound” is real in the South - but it’s turning the market into Telangana’s pressure-release valve Click on Details for moreDetails
Market Round-up
Feb 03: 1) Tiny real-time volume hits price ceiling, exposing liquidity gaps 8On 2026-02-02, one RTM window cleared just 190.00 MWh but printed Rs 10.00/kWh MCP. Inference: A thin order book can “gap” to the ceiling even when the broader RTM market clears far lower (Rs 3.58/kWh), making price discovery fragile. Why it matters: Liquid price spikes distort balancing benchmarks and can inflate procurement costs for discoms relying on RTM for last-minute corrections.
2) Evening frequency peak crosses 50.17 Hz as excursions stack up 8On 2026-02-02, instantaneous frequency hit 50.174 Hz; the day logged 134 excursions above 50.03 Hz. Inference: The excursion count alongside a 49.990 Hz average suggests repeated short control actions rather than one prolonged imbalance. Why it matters: Persistent frequency excursions increase control stress, raise reserve deployment needs, and signal tighter balancing margins than headline averages imply.
3) System leans hard on downward balancing: 53.77 GWh absorbed in reserves 8On 2026-02-02, SRAS+TRAS Down totalled 53.77 GWh, dominated by downward TRAS dispatch. Inference: Sustained down-dispatch points to prolonged surplus absorption or constraint-driven backing down, not a short mid-day correction. Why it matters: Heavy downward balancing suppresses generator realisations and may mask congestion or scheduling stress that can later reappear as price volatility.
4) South shows “zero shortage” - but one state carries a deep forecast miss 8On 2026-02-02, the region reported zero shortage, yet one state logged a double-digit negative day-energy forecast deviation. Inference: The mismatch suggests balancing via deviations and imports rather than accurate scheduling. Why it matters: Hidden forecast gaps shift costs into deviation settlements and imports, undermining the credibility of “no-shortage” comfort signals.
5) Grid “continuous outages” aren’t short - over 70 elements out for a year 8The outage sheet lists 70+ transmission elements with outage start dates more than a year old. Inference: This reflects embedded derating or project delays rather than routine maintenance cycling. Why it matters: Long-duration outages reduce contingency headroom and make the grid structurally more vulnerable to cascading risks during peak stress.
6) Day-ahead price whipsaws: MCP jumps 19% as buy interest surges 8DAM MCP rose from Rs 2.67/kWh to Rs 3.18/kWh in one day (+19%), alongside a sharp rise in purchase bids. Inference: Higher buy appetite with a higher clearing price suggests tighter flexible supply or reduced marginal availability. Why it matters: Rising DAM prices directly raise discom procurement costs and increase hedge value for generators with flexible capacity.
7) Real-time price premium widens: RTM jumps 26% in a single day 8RTM MCP climbed from Rs 2.84/kWh to Rs 3.58/kWh day-on-day (+26%). Inference: Stable traded volumes with a sharp price rise point to stress in marginal flexibility rather than aggregate demand growth. Why it matters: Costlier RTM corrections penalise forecast errors and increase balancing risk for discoms and open-access buyers.
8) Reactive power workarounds persist as key 400 kV lines remain open 8Multiple 400 kV transmission lines remain deliberately open for months to manage voltage. Inference: This indicates structural reactive power or voltage control limitations, not short-term operational adjustments. Why it matters: Prolonged topology-based voltage control reduces transfer flexibility and weakens resilience during high-stress grid events. Click on Details for moreDetails
Daily forward looking import matrices
Feb 03: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8LNG 8Crude 8Chemicals 8Fertilizers 8LPG 8Ammonia 8Coal & Coke 8All tankers 8Bulk and Dry cargo Click on Reports for more.Details
REC tightens transmission risk screws in Ryapte 2000 MW solar park evacuation tender
Feb 02: 8REC’s Ryapte evacuation tender looks routine only at first glance. 8Beneath the tariff-based bidding lies a tightly wound structure that concentrates execution, financial, and integration risk on a single entity. 8The qualified bidder list shows who is willing to shoulder that burden — and who is not.Details
TNPDCL’s 20,000 km AAAC rabbit conductor tender draws 30 qualified bidders, sharpening focus on price discipline
Feb 02: 8A single conductor size has attracted thirty technically qualified suppliers in TNPDCL’s latest procurement. 8With no attrition at the technical stage, the entire contest shifts to the price envelope. 8The result will signal whether competition enforces efficiency or erodes margins.Details
Owner draws a hard compliance line at technical opening for its 33 MW rooftop solar programme
Feb 02: 8This rooftop solar tender looks routine until the bid-opening sheet is read closely. 8One bidder was eliminated before technical scoring even began, not on technology but on financial discipline. 8That single exclusion reveals how Rajasthan’s rooftop solar procurement is quietly being reshaped.Details
Synergy quietly deepens its bet on GMR Power through preferential allotment
Feb 02: 8A fresh equity infusion lifts Synergy’s stake in GMR Power and Urban Infra beyond 12%, underscoring a preference for negotiated capital over open-market buying. The move strengthens the balance sheet, but comes with clear dilution for existing shareholders. Click on Details for more.Details
Company updates
Feb 02: 8Adani Green files “further update” on SEC civil case in EDNY; stresses company not a party, contest jurisdiction. Click on Reports for more. 8Alfa Transformers approves Q3 unaudited financials. Click on Reports for more. 8Jindal Steel’s 31 January earnings-call recording goes live online. Click on Reports for more. 8PFC loses executive director Raj Kumar Malhotra to superannuation. Click on Reports for more. 8POWERGRID exits PTC board seat; gives up promoter rights. Click on Reports for more. 8Adani Power puts January 2026 investor decks online, in INR and US. Click on Reports for more. 8NHPC swaps an ED: Rajat Gupta exits Jan 31; Anish Gouraha in Feb 1. Click on Reports for more. 8Solarium’s Rs 50 crore HDFC term loan tagged CARE BBB-; stable with repayments starting January 2026. Click on Reports for more. 8KP Green Engineering claims manufacturing milestone but keeps contract specifics undisclosed. Click on Reports for more. 8Reliance Infrastructure board filing pairs earnings with ED attachment and SEBI/SFIO actions disclosure. Click on Reports for more. 8Hyderabad Jabilli buys 3,30,90,668 GMR Power warrants in preferential allotment. Click on Reports for more. 8Sterling and Wilson receives full Rs 143.12 crore indemnity payment from Shapoorji Pallonji. Click on Reports for more. 8High Energy Batteries flags board actions. Click on Reports for more. 8Jindal Steel synchronises 1,050 MW power plant revival, Angul expansion stays on track. Click on Reports for more. 8Adani Green Energy pitches Khavda 30 GW renewable park scale, 7.7 GW already operational. Click on Reports for more. 8Adani Renewable Energy Holding Eleven incorporates Windrix Energy as 100% step-down subsidiary. Click on Reports for more. 8Resurgent-led Tata Power JV delivers Mainpuri transmission corridors after stressed-asset acquisition. Click on Reports for more. 8Adani Ports breaches sovereign ceiling with JCR A- rating: Reinforcing its funding access and balance sheet positioning, while leaving future issuance or leverage decisions unaddressed here; group cre. Click on Reports for more. 8JCR initiates Adani ratings with stable outlook; APSEZ flagged as above-sovereign: APSEZ 1.8x net debt/EBITDA and Rs 19,025 Cr FY25 EBITDA cited. Click on Reports for more. 8NHPC Limited declares Subansiri Lower Unit 3 (250 MW) commercial from 01 Feb 2026 midnight. Click on Reports for more. 8Ministry memo backs management control shift at PTC India toward NTPC, subject to AoA amendments. Click on Reports for more. 8NTPC uploads analyst call audio link after Q3 results discussion. Click on Reports for more. 8ACME Solar signs 25-year NHPC PPA for 250 MW FDRE project; capex pegged at Rs 3,700 crore. Click on Reports for more. 8ACME Solar’s Q3 FY26 call audio uploaded. Click on Reports for more. 8Reliance Power Limited (RPOWER) faces subsidiary going-concern stress as Rs 42,398 lakh impairment remains unassessed as it disputes Rs 1,66,252 lakh guarantee demand as SMPL arbitration continues. Click on Reports for more. 8Indowind Energy lines up up to USD 70 million overseas raise as 9M EBITDA rises 29.4% seeks shareholder nod to raise borrowing powers to Rs1,500 crore. Click on Reports for more. 8Reliance Power files security cover certificate for Rs 250 crore NCDs; auditor confirms asset coverage statement. Click on Reports for more. 8IEX directs investors to Q3 FY26 earnings call recording hosted on its website. Click on Reports for more. 8Amravati plant runs at 79% PLF, but RattanIndia Power’s change-in-law payments remain pending as it swings to Rs 52.76 crore Q3 profit while EBITDA rises 60% QoQ. Click on Reports for more. 8G.G. Tronics ties Rs 433 crore KAVACH order to 11-year AMC priced at 3% per annum from year five. Click on Reports for more. 8Power Mech Projects Limited parked Rs. 142.92 crore QIP balance in deposits as washery spends lag. Click on Reports for more. 8K.P. Energy Limited’s 99 MW Bhuj LOA ties execution to NTPC Phase-II technical specifications. Click on Reports for more. 8CLN Energy discloses subsidiary CLNGreen; 51% stake. Click on Reports for more. 8RRIL promoter’s pledge tied to 2.5x security cover on NCD principal. Click on Reports for more. 8Solar Industries wins INR 830 crore defence export orders, deliveries spread over 4 years. Click on Reports for more. 8KEC International Limited lifts order book & L1 to over Rs. 41,000 crore; largest Rs. 1,050 crore T&D order cited. Click on Reports for more. 8Company official in custody: KEC International Limited flags chargesheet and court cognizance; impact “not determinable. Click on Reports for more. 8Orient Electric: BEE fan norms trigger destocking pain before benefits arrive. Click on Reports for more.Details
Contracting news for the day: Part-1
Feb 02: This 765–400–220 kV upgrade quietly raises the bar for ICT-centric EPC execution 8The new tender looks routine on the surface but hides several structural signals. 8The way value, risk and accountability are packaged reshapes who can realistically bid. 8The real story only emerges once you read beyond the portal listing.
KPTCL folds GIS ambition and underground risk into a single high-stakes urban substation package 8KPTCL has quietly raised the bar on who can play in Bengaluru’s next wave of substation expansion. 8A single tender now stitches together GIS precision, underground cable risk, and a Rs 1.9123 crore entry ticket. 8The real story lies in what this structure signals about KPTCL’s future contracting philosophy.
Solar project uses the DPR tender to quietly hard-code risk discipline before EPC entry 8This tender looks routine, but its structure reveals a deeper shift in how solar project risk is being redistributed. 8By tightening accountability at the DPR stage, the promoter is reshaping who gets to define cost and performance truth. 8The implications will surface only when EPC bids hit the table.
60 MW / 150 MWh hydro-linked BESS portfolio rolled out under BOOT model across Uttarakhand 8This storage tender quietly reshapes how hydro assets are expected to perform in a flexible grid. 8The BOOT structure transfers more than just construction risk to developers. 8What it signals for future state-led BESS pricing is not immediately obvious.
TANTRANSCO raises the bar on KKNPP evacuation with a high-EMD, turn-key 400 kV line tender 8A 24 km transmission link tied to India’s most sensitive nuclear asset is being tendered with unusually sharp financial filters. 8TANTRANSCO’s structuring choices quietly reshape who can realistically bid. 8The implications for competition and risk allocation go far beyond a routine line package.Details
Contracting news for the day: Part-2
Feb 02: Five deadline extensions reshape bidder strategy in KSEB’s dhyuthi 2.0 Idukki turnkey distribution tender 8Five deadline extensions are rarely accidental in a turnkey distribution tender. 8They often signal more about bidder risk perception than about paperwork delays. 8In Idukki, KSEB’s patience may be the real story.
NTPC Green Energy extends bid timelines twice for floating solar-BESS EPC package 8NTPC Green Energy has again recalibrated the clock on its ABVTPS floating solar-plus-BESS EPC tender. 8The back-to-back extensions hint at deeper market calibration rather than routine administrative drift. 8What this signals about bidder readiness and hybrid EPC risk appetite is where the real story begins.
UJVN stretches the bid clock on Rs 158 crore Sirkari Bhyol Rupsiabagar hydro EPC without easing entry barriers 8A year-long bid extension is never just about dates. 8In UJVN’s flagship hydro EPC, time itself has become a filter and a pricing lever. 8What looks procedural may ultimately decide who can afford to compete.
DVC’s Rs 139 crore 132 kV reconductoring tender quietly raises the bar on capital strength and execution risk 8A routine reconductoring tender, on paper, masks a sharp recalibration of entry barriers. 8The numbers tell a story of consolidation, not just capacity upgrade. 8The real signal lies in who can afford to bid, not who wants to.
MSETCL’s Sakoli 400/220/132 kV AIS tender front-loads risk screening under TBCB 8MSETCL is no longer waiting for the RFP stage to discover execution risk. 8The Sakoli AIS tender quietly shifts the real contest to the pre-bid phase, where balance sheets and technical credibility matter more than price bravado. 8Who gets filtered out here may never reach the tariff table.Details
Contracting news for the day: Part-3
Feb 02: A rooftop solar tender in Leh quietly shifts residential solar into a BOT-driven risk regime 8A residential rooftop solar tender in Ladakh is being structured more like a utility concession than a subsidy scheme. 8A Rs 2.80 crore EMD and a five-year BOT obligation are doing the heavy lifting. 8The real story lies in how much risk the market is willing to absorb for a foothold in Leh.
SECI extends bid timeline for 700 MW Radha Nesda solar PV BOS tender without altering risk or financial thresholds 8SECI has quietly pushed out the bid deadline on one of its largest BOS solar tenders in Gujarat. 8The extension changes timing but leaves the Rs 33 crore entry barrier untouched. 8For EPCs, the signal is less about relief and more about endurance.
REC extends Musalgaon and Jalna transmission bid deadlines, prioritising auction depth over calendar certainty 8Two high-voltage Maharashtra transmission projects quietly receive deadline extensions within days of each other. 8The clauses changed are procedural, but the signal to bidders is strategic. 8What this does to tariff aggression becomes visible only at reverse auction.
RECPDCL pushes bid deadline for Shongtong–Tidong ISTS project, recalibrating auction timing without touching risk or tariff structure 8A late-stage amendment quietly resets the clock on one of the most complex hydro evacuation corridors under tariff-based bidding. 8The scope, securities, and risk transfer remain untouched, but the timeline tells a subtler story about bidder readiness and auction dynamics. 8The real signal lies not in what changed, but in what was deliberately left intact.
Thirty-four extensions later, the holds the line on risk in this green hydrogen transmission bid 8After thirty-four deadline extensions, the company has shifted the clock again on one of India’s most ambitious green hydrogen transmission projects. 8The scope remains untouched, the securities remain locked, and the schedule remains unforgiving. 8What this says about bidder appetite, tariff realism, and future hydrogen corridors is where the real story begins.Details
Miscellaneous Update: Part II
Feb 02: 8Jodhpur Vidyut Vitran Nigam Ltd: Why does it get such a lousy rating? give me paywall story. Click on Details for more.
8GMR Gujarat Solar Power: Module degradation and dramatic fall in tariffs comes back to bite. Click on Details for more.
8Rs 20,000 crore CCUS scheme and duty exemptions frame thermal power as “ESG-positioned”. Click on Details for more.
8REC top management change. Click on Details for more.
8Advanced Chemistry Cell Production Linked Incentive (ACC PLI) dramatically misses 50 GWh target as two-year “gestation period” for commissioning facilities is viewed as unrealistic ; zero payouts by October 2025. Click on Details for more.
8Power sector gets Rs 1000 crore BESS VGF + higher RDSS outlay + nuclear duty exemption till Sept 2035. Click on Details for more.
8BIS clears Ola 5.2 kWh residential storage unit after Jan 15 certification for 9.1 kWh. Click on Details for more.
8Anyday SSC-R auction 500 MW April 00:00–08:00 keeps extending if late L1 appears. Click on Details for more.
8DVC seeks 400 MW March evening supply via Anyday SSC-R, 5 MW minimum seller quote. Click on Details for more.
8NLDC sets all-India ISTS transmission loss at 4.26% for Feb 2–8 2026. Click on Details for more.
8TSECL waives contractor test-report submission for internal wiring up to 150 kW, deposits as per load. Click on Details for more.
8Rajasthan Urja Vikas PXIL auction for 500 MW April evening supply, bids close 2 Feb. Click on Details for more.
8HESCOM links Rs 74.54 crore power purchase cost drop to January consumer tariff adjustment. Click on Details for more. Details
Download tenders and newclips
Feb 02: For reference purposes the website carries here the following tenders: 8Tender for operation and maintenance works of substation Details 8Tender for attending sheath damage of 132 kV IC x 630 sqmm aluminum conductor XLPE cable Details 8Tender for work of revetment at tower Details 8Tender for construction of 01 No. 132 kV bay at 132 kV S/S Details 8Tender for construction 01 No. 400/220kV 500MVA ICT GIS bay at 400kV GIS substation Details 8Tender for special repair works Details 8Tender for installation of addl. 100 KVA DTR Details 8Tender for award of contract for up gradation of existing 33/11 kV outdoor substation having PTRs Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line Details 8Tender for empanelment of contractors to award a contract for 33 kV line Details 8Tender for empanelment of erection contractors to award a contract for survey, installation, testing and commissioning of 11 kV line, 11/0.433 kV distribution transformer and LT line Details 8Tender for empanelment of erection contractors to award a contract for survey, installation, testing and commissioning of 11 kV line, ,11/0.433 kV distribution transformer Details 8Tender for balance works for upgradation of control room Details 8Tender for biennial work contract for round the clock routine / preventive / breakdown / emergency minor mechanical maintenance of various auxiliaries Details 8Tender for work contract for assistance in construction store related Details 8Tender for ARC for Mtc. of ash dyke A including manual channelization of ash slurry Details 8Tender for carrying out dosing of hydrogen nitrogen gas round the clock in 600 MW unit Details 8Tender for carry out running maintenance contract for HT/LT motors Details 8Tender for routine maintenance works on unit I II turbine auxiliary motors Details 8Tender for supply of LT shackle insulators Details 8Tender for supply of 33/11 kV 5.0 MVA power transformers Details 8Tender for manual unloading of indigenous coal from railway wagons and loading Details 8Tender for repairing of conv 1B motor of 220Kw Details 8Tender for ARC for hygienic cleaning of main plant Details 8Tender for construction of rain water harvesting system at 132kV substation Details 8Tender for leftover civil works Details 8Tender for fabrication and supply of hydraulic hoses of pedestal cranes Details 8Tender for servicing and maintenance of N2 suppression system installed Details 8Tender for operation of coal handling plant Details 8Tender for annual contract for rewinding/re-caging/ re-staggering and other repairs of HT motors Details 8Tender for rate contract for engagement 03 nos safety supervisor for overhauling job of different plant Details 8Tender for supply and delivery of 1494 set of single tension hardware fittings Details 8Tender for replacement of weasel conductor Details 8Tender for setting-up of 15 MW/37.5 MWh battery energy storage system Details 8Tender for setting-up of 15 MW/37.5 MWh battery energy storage system Details 8Tender for setting-up of 30 MW/75 MWh battery energy storage system Details 8Tender for replacement of weasel conductor Details 8Tender for repair and restoration of spur at RD Details 8Tender for on-site cryogenic cleaning, heating and varnishing of generator of two units Details 8Tender for repair and restoration of spur Details 8Tender for providing service connection Details 8Tender for procurement of spare equipments for sub-station maintenance at 132kV GSS Details 8Tender for providing service connection Details 8Design, manufacturing, testing, supply and delivery of 100 No. numerical type power transformer differential relays Details 8Tender for bi-annual rate contract (Bi-ARC) for transportation of structure material, tower material Details 8Tender for R&M work of 220kV bus strengthening conversation of existing Details 8Tender for work of rubber lining of various equipments, pipes and fittings Details 8Tender for operation and maintenance of valves for water distribution Details 8Tender for supply of worm gear set for coal mill Details 8Tender for supply of hoist spare Details 8Tender for manufacturing paver blocks of different shapes in precast yard Details 8Tender for work of erection of 66kV S/C line Details 8Tender for supply of 11/0.4 kV substation Details 8Tender for supply of 33 kV 800 AMP isolators Details 8Tender for supply of gas distribution screen for ESP system Details 8Tender for supply of primary air diffuser cone set for pulverized coal burner for boiler Details 8Tender for supply of modified LDO and LSHS oil guns with spares for boiler Details 8Tender for procurement of guided wave radar level transmitters installed Details 8Tender for supply of APH heating elements and APH seals Details 8Tender for procurement of pneumatic smart positioners Details 8Tender for procurement of spares for gas analyzer of continuous emission monitoring system Details 8Tender for supply of lube oil system spares Details 8Tender for supply of ceramic lined spool piece and coal bends for boiler Details 8Tender for supply of spares of hydraulic system of roller coal mill Details 8Tender for procurement of HEA igniters spark tips, HEA igniters rod, exciter box and HEA igniters cable Details 8Tender for shifting of 33 kV /HT/LT poles, lines, structures Details 8Tender for procurement of grinding elements for 883XRP bowl mill Details 8Tender for rate contract for different mechanical maintenance jobs Details 8Tender for earthwork excavation, stub setting, concreting, tower erection, stringing of panther conductor Details 8Tender for supply of VFDs for 4570 kW, 6.6 kV motor Details 8Tender for supply of 420 kV, 245 kV and 145 KV CTs for various substations Details 8Design, fabrication, supply, installation, testing, commissioning of on grid solar rooftop project with net meter and remote monitoring system, capacity of 300kW Details 8Tender for supply installation of street lighting system for illumination at ash dyke Details 8Tender for annual maintenance and meter reading Details 8Tender for annual maintenance and meter reading work Details 8Tender for construction of temp. bund along Details 8Tender for leasing of spare dark fibre of optical ground wire (OPGW) network Details 8Tender for preparation of the structure design and drawing ic electrification water supply sanitation plumbing and fire fighting arrangement etc Details 8Tender for carrying out routine and preventive maintenance of mill reject handling system Details 8Tender for supply, fabrication, erection of ERW 150NB pipe along Details 8Tender for bi-annual Up keeping/ housekeeping of control room, switch yard Details 8Tender for supply of M.S ERW coal discharge pipe Details 8Tender for supply, installation, commissioning and testing of new lighting system Details 8Tender for construction of protection wall Details 8Tender for laying of 3C 33kV 400 sqmm XLPE UG cable Details 8Tender for tit-bit civil renovation work Details 8Tender for laying of 3C 33kV 400 sqmm XLPE UG cable by microtunneling Details 8Tender for laying of 11 kV, 3Cx300 sq.mm. XLPE UG cable Details 8Tender for laying of 3C 11kV 300 sqmm XLPE UG cable Details 8Tender for supply of 9.0 M long PCC poles Details 8Tender for construction of 33 kV S/S Details 8Tender for renovation of 33 kV sub-station Details 8Tender for supply of butterfly valves rubber valve seal of make Fouress Details 8Tender for repair and maintenance of sanitary works Details 8Tender for supply of spares for turbine and TDBFP of unit Details 8Tender for requirement of various spares of dynamic classifier installed Details 8Tender for procurment of spare parts of BFV of various CW and ACW lines installed Details 8Tender for supply of spares for stacker reclaimer no 1 and 2, ring granulator Details 8Tender for work of providing & fixing electrical insulation, acid & alkali-proof synthetic insulating mat Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8GCC begins direct power grid interconnection project with Oman to strengthen regional energy security Details 8Coal blocks to be allotted only through auctions: Govt Details 8Power consumption rises 3.8% to 142.74 billion units in January: Govt Details 8Gstar's solar module series first to achieve India's new BIS certification Details 8Defence, Railways, solar: did Budget 2026 live up to market expectations for these sectors Details 8Engineering projects (India) invites EOI For 250 MW solar PV project Details 8Tata Power, Adani Ports, RVNL and other stocks announcing results this week Details 8Studio Saar designs India’s largest and most sustainable printed circuit board factory in Madhya Pradesh Details 8Why transformers are the unsung heroes of India’s green revolution Details 8Reviving 200 legacy industrial clusters: India’s manufacturing sector gets “second wind” in union budget 2026 Details 8India renewables seek policy clarity, storage incentives in Union Budget 2026 Details 8Government considers merger of power finance corporation and rural electrification corporation Details 8Restructuring PFC & REC to improve credit flows, execution discipline in power sector Details 8Budget to enhance competitiveness; duty exemption on lithium batteries to aid EV sector: Industry Details 8Power sector PSUs' investments to rise nearly 19 pc to Rs 1.01 lakh crore in FY27 Details 8TCS on Coal, lignite doubled to 2% Details 8Gia Lai Electricity's 2025 net profit records 10-fold increase on wind power gains Details 8Solar stock hit 10% upper circuit with heavy volume because Details 8In a boost for renewable energy, Budget slashes duties for battery, solar sectors Details 8India Eyes NBFC consolidation for power sector scale Details 8Union Budget 2026: Sitharaman calls for restructuring of power finance corp, rural electrification corp Details 8Reforms In financial sector: govt to set up banking panel for Viksit Bharat Vision Details You can also click on Newsclips for moreDetails
Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day
Feb 02: 8Find a snapshot of thermal, hydro, pumped storage, solar, wind, BESS and T&D contracts related updates for the day Click on Reports for moreDetails
Daily forward looking import matrices
Feb 02: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8Crude 8Fertilizers 8Coal & Coke Click on Reports for more.Details
Power Committee Updates
Feb 02: 8Eastern grid on a knife-edge: Summer-2026 readiness hinges on delayed lines, deferred SPS, and commercial fault-lines as slow execution and shrinking buffers begin to bite Click on Details for more 8Spare ICTs: Reliability recast as inventory discipline as it is all about asset age, replenishment speed, and inventory governance Click on Details for more 8The grid quietly pivoted toward market scheduling while TRAS sank deeper into the red - and SCED flipped direction in Western India Click on Details for more 8Western Region’s deviation bill turned into an inter-regional settlement shock-WR–NR bled cash, WR–SR harvested it, and Gujarat still carried the biggest state-level payable Click on Details for more 8Southern grid’s quiet pivot: RSD moves from emergency tool to structured market signal as stakeholders deliberate a dedicated RSD (Reserve Shutdown) Procedure for 2026 Click on Details for more 8Transmission bills crept up-but the real story is RTDA whiplash in the South: Karnataka & Kerala suddenly become the region’s deviation payers while the nuclear swing resets Click on Details for more 8From compliance fatigue to grid fragility: Why Rajasthan’s RE expansion is now testing the limits of regulation, transmission, and accountability Click on Details for more 8NR’s “cost stack” thickened-while deviation risk migrated sharply into Rajasthan and a few named plants flipped the RTDA story Click on Details for moreDetails
Regulatory Updates: Part I
Feb 02: 8CERC ruling may reopen coal cost recovery battle between Adani and Karnataka discoms Click on Details for more 8CERC asked to reopen reserved transmission cost case after landmark Change in Law ruling Click on Details for more 8CERC resets Northern grid charges after multi-year cost review of key Powergrid assets Click on Details for more 8CERC scrutinises financial strength and compliance gaps before clearing new power trader Click on Details for more 8CERC clears Powergrid arm to build major NR–WR high-voltage transmission corridor Click on Details for more 8TNERC orders major deposit refund with interest, tightens compliance clock as an immediate financial signal to distribution utilities holding refundable security deposits Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 02: 8Power Grid: Funding intensity rises just as rising earnings rely more on core tariffs than regulatory deferral cushions as reduced contribution from deferral balances means less accounting cushion if revenue recognition slows Click on Details for more 8Grid study targets real time inertia gap and protection risks in weak-strength networks in the Indian power system as it pivots to dynamic performance in inverter-dominated grids Click on Details for more 8Weekly data: All-India ISTS losses ease as solar-hour flows continue to compress daytime transmission burden Click on Details for more 8India’s power market shifts toward advance contracting as winter demand tightens supply margins as real-time curtailment spikes fivefold and Transmission congestion climbs 42% Click on Details for more 8CEA moves to fill critical field logistics role through deputation Click on Details for more 8India cracks down on non-standard transformer procurement Click on Details for more 8APCPDCL’s fuel cost pressures breach regulatory ceiling for second straight month Click on Details for more 8Rajasthan tightens grid entry rules with bank guarantees and strict compliance gates Click on Details for more 8AVVNL shields deputed staff from housing loss and HRA tax complications Click on Details for more 8Transmission cost rebound sharply compresses NPCL’s consumer fuel surcharge relief as procurement drops 39 MU in one month Click on Details for more 8Consecutive negative FPPCA cycles return power purchase savings to HESCOM consumers Click on Details for more 8KSEBL’s fuel surcharge collapses as cheaper coal dispatch neutralises cost pressure between November and December 2025 Click on Details for more 8KSEB fast-tracks 2026 Civil Wing promotions with urgent data call Click on Details for more 8Promotion gatekeeping tightens as service, vigilance, and tax compliance linked to career progression in Kerala Click on Details for more 8Civil engineering cadre elevation signals execution layer strengthening in Kerala utility Click on Details for more 8KSEBL renews Rs 15 lakh accident cover, shifts premium recovery into payroll system Click on Details for more 8CESC deploys 40 field staff for mandatory technical refresher training also mobilises cross-department staff for full-day cyber security training Click on Details for moreDetails
Market Round-up
Feb 02: 1) HPX went dark across products for a full trading week 8Cleared volume and MCP printed as 0.00 across RTM for 2026-01-26 to 2026-02-01. Inference: This looks like no-trade / no-publication rather than low liquidity, because every daily row is zeroed. Why it matters: A “blank” week breaks cross-exchange price discovery and weakens any congestion/price attribution story.
2) IEX HPDAM showed sellers queued, but not a single buyer cleared 8HPDAM posted sell bids ~124,358–133,022 MWh/day through the week, but MCV and final scheduled volume stayed 0.00 every day. Inference: Persistent one-sided sell interest without matching bids suggests either price expectations gap or product-level participation failure. Why it matters: HPDAM cannot signal hydro/flex scarcity if it never clears; it becomes “intent” data, not a market outcome.
3) Day-ahead to real-time flipped sharply positive on 2026-01-31 8On 2026-01-31, IEX DAM MCP = 2821.20 Rs/MWh while RTM MCP = 3399.37 Rs/MWh (basis +578.17 Rs/MWh). Inference: Such a late-day premium is consistent with tighter balancing needs vs day-ahead expectations, especially when frequency discipline is stressed. Why it matters: A near Rs 0.58/kWh basis can quickly inflate balancing costs for buyers who under-covered day-ahead.
4) Ancillary down-dispatch dominated 2026-02-01 balancing energy 8TRAS Down = -41,945 MWh on 2026-02-01, with average TRAS+SRAS = -1,543 MW across the day. Inference: The system leaned more on downward balancing, pointing to surplus/over-schedule pockets rather than scarcity. Why it matters: Down-dispatch at this scale changes who pays/earns in balancing, and it can distort real-time price signals.
5) Zero ATC/(N-1) breaches, yet a 765-kV corridor saw repeated voltage excursions 8For 2026-02-01, ATC and (N-1) violation counts are 0 on all listed corridors, but Chittorgarh shows 8.13% time outside IEGC band. Inference: Corridor transfer headroom can look “clean” while local voltage control still strains-two different risk surfaces. Why it matters: Voltage excursions are operational risk even when transfer indices say “no constraint.”
6) Frequency softened from Friday to Sunday, with deeper low-end touchpoints 8Average frequency moved from 50.008 Hz (2026-01-30) to 49.992 Hz (2026-02-01); minimum instantaneous on 2026-02-01 hit 49.693 Hz. Inference: The shift is small in average terms but the tail risk (deep dips) is what forces tighter balancing actions. Why it matters: More low-end exposure increases deviation risk for states and raises the system’s need for fast reserves.
7) Southern region reported zero shortage, but deviations diverged across states 8On 2026-02-01, SR evening peak demand 45,803 MW was met with 0 MW shortage, yet state UI energy shows Tamil Nadu -3.72 MU and Karnataka -1.49 MU. Inference: Zero-shortage can coexist with state-level deviation behaviour-the balancing burden shifts internally rather than showing as shortage. Why it matters: Persistent negative/positive UI pockets can become the hidden driver of reserve deployment and settlement friction.
8) A zero-stock captive unit still appears inside the national coal ledger 8On 2026-01-31, SHREE CEMENT LTD TPS (344 MW) shows Actual Stock = 0.0 (‘000 tonnes) and Stock vs normative = 0%. Inference: Even if it’s not a grid-critical ISGS station, zero-stock pockets can worsen local drawal volatility when captive demand flips to the grid. Why it matters: It’s a small-unit signal, but it’s the kind that turns into sudden demand shocks in tight hours. Click on Details for moreDetails
Download tenders and newclips
Jan 31: For reference purposes the website carries here the following tenders: 8Tender for work of diversion and height raising of 220 kV transmission line Details 8Tender for work of attending oil leakage from 160 MVA transformer Details 8Tender for repair of plaster, painting and other misc. civil works Details 8Tender for construction of 01 No. 132 kV sunsure solar park Details 8Tender for construction of 132 kV bay at 220 kV S/S Details 8Tender for supply installation testing and commissioning 03 Nos. high mast light Details 8Tender for misc civil maintenance and renovation Details 8Tender for providing additional link feeder-II Details 8Tender for construction and renovation of bridge upstream Details 8Tender for annual maintenance contract of control and instrumentation systems and equipments Details 8Tender for disposal of ash 1000000 M3 to low laying Details 8Tender for restoration of whole sinking Details 8Tender for protective ceramic coating on spiral casing, stay vanes and top cover of all the three generating units Details 8Tender for annual operation and maintenance work of hydro mechanical equipment Details 8Tender for supply, erection, testing and commissioning of frequency protection relay Details 8Tender for supply of various testing instruments Details 8Tender for annual operation and maintenance of water supply system Details 8Tender for replacement of weasel conductor Details 8Tender for supply of numerical over current and earth fault protection relay Details 8Tender for replacement of weasel conductor Details 8Tender for providing and applying liquid rubber waterproofing Details 8Design, engineering, supply & procurement, erection, testing, commissioning & comprehensive operation & maintenance for 5 years for 1000 KWP rooftop solar photovoltaic power project Details 8Tender for upkeeping and carryout routine electrical maintenance for HT/LT motors and LT switchgears Details 8Tender for carrying out up keeping, routine and continuous monitoring of the unit Details 8Tender for carrying out preventive breakdown maintenance works in condenser/ chilled water pumps, pipe line Details 8Tender for routine maintenance, up keeping and cleaning of RWPH, pre filtration plant Details 8Tender for carrying out up keeping routine preventive maintenance attending breakdown works in SWAS chill Details 8Tender for attending leaks in steam pipe lines feed water oil lines Details 8Tender for fabrication and supply of 500 NB 450 NB SS316Gr pipes and fittings Details 8Tender for routine maintenance and break down maintenance of boiler water wall Details 8Tender for electrical work for construction of equipment and structure plinths works Details 8Tender for work of erection of 66kV feeders bay equipment, structures, control wiring etc Details 8Tender for supply of single pole standalone complete materials Details 8Tender for supply of V cross Arm 4.5 feet Details 8Tender for work of stub strengthening of 132kV D/C line Details 8Tender for operation and maintenance services for HVAC and air washer systems Details 8Tender for routine maintenance and breakdown maintenance works in ACW pumps Details 8Tender for upkeeping & routine maintenance and attending minor repair works Details 8Tender for civil work for construction of cable duct Details 8Tender for supply of various instruments for chemical laboratory Details 8Tender for supply of modified IGV of PA Fan NDFV 22B / impeller housing Details 8Tender for rate contract of fabrication, dismantling, replacement, erection, strengthening / modification of various M.S structure Details 8Design, fabrication, supply, installation, testing, commissioning with remote monitoring system of decentrlized solar micro grid system Details 8Tender for solar powered LED street lighting system Details 8Tender for work of LT ABC Details 8Tender for LT ABC work Details 8Tender for replacing old conductor with new LT ABC Details 8Tender for construction of 800 M HT covered conductor and installation of one 100 kVA transformer Details 8Tender for supply of 24765 coils of 6 sq.mm weather proof wire Details 8Design, manufacturing, supply, installation, testing and commissioning of digital governor system with valve table ssembly and auto synchronizer for the 1 X 16 MW PLBE power house Details 8Tender for providing aluminum roofing over the terrace Details 8Tender for generator stator, rotor and exciter replacement and recommissioning job Details 8Tender for annual maintenance contract of 04 nos. centrifugal air compressors Details 8Tender for complete machining of miscellaneous ST components Details 8Tender for misc. civil maintenance and plumbing works Details 8Tender for procurement of spares of DOC-IV controllers Details 8Tender for procurement of spare parts bypass rotameter installed Details 8Tender for supply, installation, testing & commissioning of 33 kV line, 11 kV additional bay, 11/0.433 kV distribution transformer Details 8Tender for supply, installation, testing & commissioning of 33 kV line Details 8Tender for drilling of tube well Details 8Tender for rate contract for empanelment of agencies Details 8Tender for replacement of 636 no. single suspension/tension fitting to double suspension/tension fitting Details 8Tender for procurement of spare parts of M/s KSB pumps condensate extraction pump Details 8Tender for work contract for refurbishment of discharge electrode frames of 02 no. ESP fields Details 8Tender for procurement, installation, testing and commissioning of 02 Nos. passenger lifts Details 8Tender for servicing of HPBP system along with supply of spares Details 8Tender for work of chain link fencing of land Details 8Tender for supply of dirty ait test with iso-kinetic coal sampling of coal mills Details 8Tender for work of overhauling, servicing & supply of spares for 245kV circuit breakers Details 8Tender for work of overhauling/repairing of 11/22/33kV circuit breakers Details 8Tender for work of overhauling/repairing of 11/22/33kV circuit breakers at various Details 8Tender for supply and erection of 200NB SS pipe for TG PHE back wash and header sea water pipe lines Details 8Tender for supply of 11 kV AB switch with PT insulators Details 8Tender for construction of control room foundations, cable trench Details 8Tender for supply and application of corrosion protection lining/coating on external surface of structures Details 8Tender for strengthening work of crusher house Details 8Design, manufacture, testing, supply & delivery of B and S type 90kN and 160kN antifog disc insulators Details 8Tender for manufacture, testing, supply and delivery of master trip relays, trip circuit supervision relays Details 8Tender for manufacture, testing, supply and delivery of SCADA compatible numeric differential relays Details 8Tender for work of renovation of 33 kV yard and dewatering arrangement at 33/11 kV S/s Details 8Tender for work of installation of additional 12.5 MVA power transformer Details 8Tender for work of supply and replacement of defective CT, PT of 11 kV connections Details 8Tender for installation of 2.5 MVA, 33/0.433 kV and 33/11 kV distribution systems Details 8Tender for service order for overhauling of CW pumps Details 8Design, manufacture, supply, erection, testing & commissioning of economizer coil complete assembly Details 8Tender for supply of 11 kV transformer structure material Details 8Design, manufacture, supply, erection, testing & commissioning of economizer coil assembly, LTSH supply tubes & bends and straight tube panels Details 8Tender for running works contract for erection, maintenance and dismantling of electrical networks Details 8Tender for running works contract for loading / unloading of line materials, DTs etc Details 8Tender for supply of spares for ESP Details 8Tender for supply of various electrical AC/DC MCB's installed for control supply maintenance purpose in HT/LT MCC and in different critical auxiliary panels Details 8Tender for work of removal and supply and reapplication of spray thermal insulation during Details 8Tender for rate contract for the work of on line preventive & breakdown maintenance for boiler rotary parts Details 8Tender for work of overhauling/ repairing of 11/22/33kV circuit breakers Details 8Tender for work of overhauling, servicing & supply of spares for 145kV circuit breakers Details 8Tender for biannual contract for restoration under emergency situation of collapsed tower of EHV lines Details 8Tender for conversion of 110kV SC line to 132kV SCDC line Details 8Tender for establishment of 220/22kV GIS Details 8Tender for establishment of 132/22kV GIS Details 8Tender for annual maintenance contract for work of maintenance of switchyard lighting at various substation Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Arunachal cabinet okays hydropower incentives, recruitment and governance reforms Details 8Who are not coal swindlers Details 8Suzlon Energy gets BIG targets from Motilal Oswal, Systematix on strong risk-reward Details 8CEA Mandates strict use of standard transformer specifications for power utilities Details 8NLC India: How this PSU Stock Is turning its power business into renewable energy company Details 8Shyam Sunder Jindal advocates for advanced energy storage solutions ahead of Union Budget 2026 Details 8Top losers among Nifty 50 stocks in midday trade today, Jan 30: Hindalco Industries, Tata Steel, coal India Details 8India Energy demand keeps coal in focus Details 8The moment has come for reliable renewable power Details 8KP Energy wins 99 MW wind project in Gujarat Details 8Blue Energy motors & HPCL partner for battery swapping Details 8BPCL Inaugurates 71 MWp solar plant at Prayagraj during India energy week 2026 Details 8Oswal Greenzo energies wins 5 MW green hydrogen project at deendayal port Details 8India Likely to begin green ammonia exports by 2028 Details 8Bajaj Auto Approves Rs. 12 Crore investment in clean energy project Details 8Beyond Adani: 3 niche power giants quietly wiring India’s Rs 40 lakh crore energy revolution Details 8Kanyakumari nuclear project advances; India studies converting old thermal plants to atomic use Details 8RattanIndia power reports Q3 revenue of Rs billion against Rs 7.33 billion year-over-year Details 8JSW Energy completes the acquisition of tidong power generation private limited Details 8India Inc Q3 revenue growth seen at 6-7%, but operating margin falls 100 bps Details 8Atlanta Electricals wins multiple orders worth Rs.288 crore Details 8India’s cheapest power needs new buyers Details You can also click on Newsclips for moreDetails
Surplus power post PPA: Deadline pushed not the risk boundary
Jan 30: 8It is a balance-sheet optimisation instrument for operating RE assets. 8The real contest will be between forecasting discipline and pricing aggression.Details
Premier Energies wafer plant: Where is the money?
Jan 30: 8Making solar wafers is never easy, only 8Adani has a small quantity going so far 8But this company is saying it is putting in a whopping Rs 5600 crore into building a big wafer plant 8But where is the money? Click on Details for more.Details
Market Round-up
Jan 30: 1) DAM–RTM basis widens as day-ahead price holds a premium 8On 2026-01-29, IEX DAM MCP = Rs 3,150.51/MWh while RTM MCP = Rs 2,910.94/MWh (basis ≈ Rs 239.57/MWh). Inference: buyers stayed willing to lock cost in DAM despite softer RTM, suggesting uncertainty/hedging demand rather than a real-time scarcity spike. Why it matters: a wider basis raises procurement risk for discoms leaning on intraday balancing and can distort “efficient dispatch” signals.
2) A sharp frequency step-down hits mid-morning-without a matching demand shock 8Frequency drops by about 0.34 Hz from 50.23 to 49.89 between 09:00 and 09:15 on 2026-01-29. Inference: the move is too abrupt to be explained by demand drift alone; it looks like a dispatch/imbalance correction event rather than a gradual ramp. Why it matters: step-moves like this tighten the operating margin and can amplify deviation exposure even when the day “looks normal” in aggregates.
3) Solar ramp drives exports with a measurable lag 8Solar jumps by ~7,485 MW in one 15-minute step from 08:45 to 09:00 (28,453 → 35,938 MW) on 2026-01-29. Inference: solar and net interchange show a strong negative lag relationship (|ρ| ≈ 0.60–0.66 over ~15–120 minutes), consistent with rising solar pushing the system toward higher exports after a short lag. Why it matters: export-led balancing is fragile-if inter-regional margins tighten, the same solar ramp can spill into congestion/price volatility fast.
4) East-to-North flows do the heavy lifting-export shows up corridor-by-corridor 8ER↔NR interchange totals show ER net export ~64.1 MU on 2026-01-29 (ER-NR: Import 3.5 MU, Export 67.6 MU, Net −64.1 MU). Inference: The same page flags large max export MW on specific ER-NR links (e.g., 765 kV Gaya–Varanasi max export 1,453 MW). Why it matters: sustained corridor reliance hardens the system into “flow dependency”; when it breaks, prices don’t just move-reliability does too.
5) Market transparency gap: HPX RTM prints zeros while IEX clears real volume 8HPX RTM snapshot shows 0.00 for bids/MCV/cleared volume/MCP across 23/01–29/01/2026, including 2026-01-29. Inference: this is a reporting/data gap, because IEX RTM for 2026-01-29 shows MCV ~146,803 MWh and MCP Rs 2,910.94/MWh (i.e., the market certainly didn’t “go to zero”). Why it matters: any narrative built on cross-exchange price/volume comparison becomes untrustworthy when one feed is blanked out.
6) PXIL RTM also shows blanks-two exchanges missing in the same week 8PXIL RTM report prints “–” for Purchase/Sell/MCV/Scheduled/MCP/Weighted MCP for all days 23-01-2026 to 29-01-2026. Inference: with PXIL and HPX RTM both blank in these attachments, “market-wide RTM behaviour” cannot be stated from non-IEX sources for this window. Why it matters: reporting gaps weaken regulatory and newsroom scrutiny exactly when volatility narratives need hard numbers.
7) Evening ramp is still thermal-led despite meaningful wind support 8All-India thermal in the 15-min table rises from ~113,695 MW (13:45) to ~173,227 MW (18:45): a ~59,532 MW lift into the evening. Inference: wind helps (peaks ~21,458 MW at 18:45), but the scale of the net evening ramp remains structurally thermal-led as solar fades. Why it matters: thermal flexibility, not just RE buildout, is still setting the system’s ramp cost and operational risk envelope.
8) Exports deepen in the solar-heavy afternoon-net interchange hits its daily extreme 8Net interchange reaches its most negative point around 15:15 at ~−2,536 MW (deepest export) on 2026-01-29. Inference: this aligns with the solar-driven surplus window (solar still elevated), matching the observed lagged solar↔interchange coupling from the same 96-block table. Why it matters: export-heavy balancing can mask internal stress until a corridor binds-then the adjustment comes through prices and frequency. Click on Details for moreDetails
Regulatory Updates
Jan 30: 8Tripura tightens rooftop solar payouts while widening grid-level capacity bands Click on Details for more 8Tripura shifts to formula-driven fuel cost regime, easing regulatory lag in tariff recovery Click on Details for more 8Tripura discoms barred from counting spot market buys toward reliability compliance Click on Details for more 8Aviation clearances delay renewable rollout: TERC grants time relief to airport solar project Click on Details for more 8CSERC flags revenue leakage as DSM misinterpretation benefits open access consumers Click on Details for more 8TNERC clears 500 MW pumped storage procurement, allows imported coal pass-through Click on Details for more 8Mundra HVDC cost sharing dispute could reshape treatment of dedicated links in pooled tariffs Click on Details for more 8CERC tells wind developer: PPA terms can’t be bypassed through grid code relaxation Click on Details for moreDetails
Miscellaneous Update: Part I
Jan 30: 8Government formally carves out coking coal in mining law Click on Details for more 8Centre expands formal pool of certified coal exploration agencies Click on Details for more 8WBSETCL posts Rs 656 crore income, keeps losses well below norms Click on Details for more 8Payroll recalibration begins as Karnataka notifies profession tax revision Click on Details for more 8Distribution material vendor ecosystem widens as RDSS drives multi-category sourcing at KSEBL Click on Details for more 8Rajasthan transmission utility logs Rs 5,173 crore capex plan for FY26 Click on Details for moreDetails
Miscellaneous Update: Part II
Jan 30: 8Telangana regulator seeks auditor-certified allocation for Yadadri capital cost; TGGENCO cites Rs.20,444.54 crore BHEL EPC orders. Click on Details for more.
8Shared distribution networks and capped unauthorised-use assessment proposed in power law rewrite. Click on Details for more.
8Renewable pipeline: 1,57,800 MW under construction; pumped storage 11,620 MW and BESS 9,653.94 MW underway; 97,000 MW new coal capacity. Click on Details for more.
8Wind manufacturers push indigenisation and policy stability amid geopolitically uncertain environment. Click on Details for more.
8ICICI Securities sets BEL target at Rs.530 as order backlog stands at Rs.73,015 crore in Dec’25. Click on Details for more.
8IREDA frames co-lending and long-tenor debt as its tool to scale renewables and rooftop segments. Click on Details for more.
8Reliance Power’s 3,960 MW Sasan project closes rated loans, prompting withdrawal of ICRA grades. Click on Details for more.
8US gas power pipeline hits 252 GW, with over a third tied to on-site data centers. Click on Details for more.
8L&T order book hits Rs.7.33 lakh crore as Q3 inflows jump 17% led by international wins. Click on Details for more.
8ABB crosses $10.3 billion quarterly orders as data centers drive electrification surge. Click on Details for more.
8REC market clears below offered supply as PXIL records 24.64 lakh sell offers in one session. Click on Details for more.
8SAEL Solar’s fixed Rs.2.60/unit SECI PPA anchors rating; DSCR seen at 1.27x. Click on Details for more.Details
Power Committee Updates
Jan 30: 8Emergency TRAS ballooned while SCUC support collapsed: Eastern pool turned sharply more ‘receivable’ in the latest week Click on Details for more 8Eastern Region’s “part-load compensation” is becoming a structural transfer: With West Bengal repeatedly underwriting the bulk of the FY bill Click on Details for more 8WR’s maintenance calendar is no longer “routine”: It’s turning into a corridor-by-corridor reconditioning campaign, with Aurangabad and Raigarh-PS carrying the operational consequence Click on Details for more 8RTV coating of polymer CTs at Aurangabad is not a one-off-it’s a series Click on Details for more 8WRLDC just tightened the spotlight on ramp discipline-two consecutive assessment releases, but the real dataset is sitting outside the statement as who is under-delivering flexibility, who is improving, and where WR’s ramp headroom is structurally constrained-remains off-page Click on Details for more 8WRPC’s NTPC gas fleet flipped from “mixed-cycle” to near-pure open cycle in Oct-on sharply lower generation. Open-cycle-heavy operation typically indicates peaking or flexibility calls, but here it coincides with very low energy volumes, raising questions on how often the assets are being used versus how they are being positioned operationally Click on Details for more 8December flips WR into a higher-burn, higher-import month: Coal and demand surge-yet the “stress markers” (frequency dip time + shortfall) quietly worsen Click on Details for more 8WR outage calendar is being “managed” around peak demand rather than engineered around system resilience - and the paperwork shows the strain Click on Details for more 8From partial compliance to binary extremes: WR frequency response turns all-or-nothing in October Click on Details for more 8WR’s “critical asset map” goes formal: compliance-driven grid governance tightens around lines, reactors, HVDC, FACTS and black-start readiness Click on Details for more 8NER’s outage calendar is quietly turning into a system-security stress test - with Bongaigaon/Balipara/Misa at the centre Click on Details for more 8Deviation charges: WR–NR stayed the grid’s cash magnet - but “discipline leadership” flipped sharply from Delhi to Haryana as renewables/QCAs turned from earning to bleeding Click on Details for more 8Reactive discipline tightens in the North, but Rajasthan–UP voltage stress hardens into a structural pattern Click on Details for more 8NR’s emergency-TRAS hangover is easing-but SCUC flips the bill back onto the big thermal block Click on Details for moreDetails
Company updates
Jan 30: 8REC posts Q3 net profit Rs 4,043 crore and writes off Rs 709.78 crore loan under IBC plan execution. Click on Reports for more. 8NTPC flags four senior exits on superannuation, including executive director Aditya Dar. Click on Reports for more. 8Adani Power’s call presentation highlights Q3 FY26 PAT at Rs 2,488 crore. Click on Reports for more. 8ACME Solar Holdings flags Rs 500 crore enhancement in rated bank facilities, rating unchanged at AA-. Click on Reports for more. 8IEX flags Q3FY’26 market-clearing prices down to Rs 3.22–3.26/unit as volumes hit 34.1 BUs. Click on Reports for more. 8Clarion Wind Farm contracts Suzlon for 3×2.1 MW WEGs; completion deadline stated as June 30, 2026. Click on Reports for more. 8Indowind Energy’s Dec-quarter revenue stated at Rs 1,755.40 lakh; profit after minority interest Rs 42.14 lakh. Click on Reports for more. 8Indowind seeks to change rights issue spending plan: Raises eyebrows. Click on Reports for more. 8TD Power Systems flags Rs 18,45 crore order book as exports dominate inflows. Click on Reports for more. 8Inox Leasing and Finance Limited lifts promoter holding in IGESL to 60.13% after warrant-linked allotment. Click on Reports for more. 8TD Power Systems assigns Ramya Ramesh dual remit—sales and project execution (motors) plus IT. Click on Reports for more. 8HPL Electric launches ‘Neeram Pulse’ smart water meter, opens Gurugram plant for ultrasonic and multi-jet units. Click on Reports for more. 8KPI Green Energy ties revenue ramp to long-term GUVNL offtake as 240 MW DC plant begins injection. Click on Reports for more. 8Borosil Renewables Limited targets Dec 2026 commissioning for Rs 950 crore solar-glass expansion. Click on Reports for more. 8Indosolar reports independent director Shiv Kumar Agarwal resigns. Click on Reports for more. 8Surana Solar posts Q3 profit after tax of 21.91 lakhs. Click on Reports for more. 8RMC Switchgears Limited issues 25,050 ESOP shares. Click on Reports for more. 8Vedanta Limited discloses Rs 474 crore Cambay PSC exposure; Delhi HC orders status quo on January 6, 2026. Click on Reports for more. 8Vedanta signals board-level HR leadership reset. Click on Reports for more. 8L&T says no fresh disclosure on Holtec and Clean Core Thorium MoUs. Click on Reports for more.Details
Contracting news for the day: Part-1
Jan 30: PSPCL 300 MW EPC-plus-land tender extends bid window, shifting price calculus and delivery risk 8Three sequential deadline extensions and a final push, materially lowering land-aggregation uncertainty for bidders. 8The contractual terms remain unchanged: land and a three-year O&M obligation stay bundled with EPC, concentrating early-life risk on the contractor. 8The key question is whether the extra time produces deeper competition.
Timelines stretched for again high-voltage GIS packages at 400 kV and 220 kV levels 8This signals technical caution over speed. 8High-voltage GIS is unforgiving of weak pre-bid alignment. 8The owner appears willing to trade time for technical certainty. 8The downstream effects are subtle but material.
Serial bid extensions stretch 400/220 kV GIS EPC into a four-month procurement marathon 8A high-capacity GIS sub-station should test engineering, not procurement stamina. 8The tender has quietly accumulated six deadline extensions without touching scope or terms. 8The pattern raises sharper questions than any corrigendum ever could. 8The project hinges on seamless GIS and live-line LILO integration. 8Extended bidding does not reduce this risk, it redistributes it.
Repeated bid date extensions tighten the spotlight on bidder readiness for this 132/33 kV GIS project 8The owner has pushed the submission deadline again. 8The move looks procedural, but the timing reveals deeper signals about bidder preparedness and OEM alignment. 8What it ultimately means for competition and pricing lies beneath the surface.
BHEL extends deadline for clubbed DG EOT cranes across five thermal power projects 8A quiet date extension in a heavy-lift crane tender reveals more than a scheduling tweak. 8When five power stations are bundled into one procurement, timelines become a strategic lever. 8The implications run deeper than the calendar.Details
India’s invisible megawatts: How captive and rooftop power finally forced themselves into the grid conversation
Feb 04: 8The discussion exposes a quiet governance gap: CEIs, SLDCs, DISCOMs, and developers all hold fragments of the truth, but no one owns the full picture. The proposed data architecture-pilots, smart meters, AMR systems, and developer-led platforms-signals a shift from ad-hoc reporting to quasi-real-time surveillance. Yet beneath the technical optimism lie unresolved cost burdens, data ownership questions, and regulatory exposure that could reshape captive economics and rooftop solar’s grid relationship. Click on Details for moreDetails
Supreme Court-triggered audit to probe KSEB’s survival without regulatory asset recovery
Feb 04: 8This signals a governance shift from tariff debates to balance-sheet accountability. The exercise could reshape how Indian regulators view prolonged regulatory asset accumulation. Click on Details for moreDetails
India’s coal price index hides a widening split between steel and power fuel costs
Feb 04: 8This split suggests that steel sector fuel costs are firming while power sector fuel pressure is easing slightly. For power utilities and regulators, the stable headline index masks grade-level shifts that could affect FPPCA calculations and station-wise variable cost trends. Click on Details for moreDetails
CEA begins market mapping of grid-forming inverter manufacturing base
Feb 04: 8Manufacturers now face a soft regulatory spotlight that could shape eligibility in upcoming renewable integration schemes. Click on Details for moreDetails
CERC blocks data fishing bid in ISTS charge dispute, narrows evidentiary scope
Feb 04: 8The order also signals CERC’s resistance to turning tariff proceedings into data-heavy forensic audits. Click on Details for moreDetails
UERC trims PTCUL’s 220 kV hybrid bay approval to Rs 10.64 crore from Rs 11.05 crore
Feb 04: 8The immediate effect is a lower approved cap now, while leaving the final cost recovery exposure open to later scrutiny. Click on Details for moreDetails
Parliamentary Briefs
Feb 04: 8Green Hydrogen Mandate [Rajya Sabha] Details 8Renewable Energy Projects in Odisha [Rajya Sabha] Details 8Solar and wind energy in Rajasthan [Rajya Sabha] Details 8Global partnerships for improvements in renewable energy [Rajya Sabha] Details 8City Accelerator Program under PM Surya Ghar: Muft Bijli Yojana [Rajya Sabha] Details 8Lower energy storage capacity [Rajya Sabha] Details 8PLI Scheme for High Efficiency Solar PV Modules [Rajya Sabha] Details 8PM Surya Ghar: Muft Bijli Yojana [Rajya Sabha] Details 8Promotion of domestic solar manufacturing and identification of high solar potential regions [Rajya Sabha] Details 8Solar park projects in Maharashtra [Rajya Sabha] Details 8UERC trims PTCUL’s 220 kV hybrid bay approval to Rs 10.64 crore from Rs 11.05 crore DetailsDetails
Company Updates
Feb 04: Adani Defence and Leonardo sign MoU for AW169M, AW109 TrekkerM helicopter manufacturing ecosystem in India. 8There will be a phased indigenisation and dedicated MRO and pilot training capabilities. Click on Reports for more. Auditor’s review flags Mumbai International Airport Limited (MIAL) exposure tied to Rs 845.76 crore allegations in Adani Enerprises. 8What is not stated is any quantified adjustment to results for thi. Click on Reports for more. Adani Enterprises posts Rs 11,985 crore 9M FY26 EBITDA as Navi Mumbai airport starts operations. 8The filing also anchors capital market support through a rights issue raising ?24,930 crore (oversubsc. Click on Reports for more. Alfa Transformers clears Q3 unaudited results, auditor flags missing debtor-creditor confirmations. 8What is not stated is the quantum of such unmatched balances or whether any reconciliation will foll. Click on Reports for more. REC denies any merger talks with PFC, says Economic Times report not based on company information. 8REC is drawing a hard line between market merger chatter and what it says is only a poli. Click on Reports for more. Power Finance Corporation Ltd. (PFC) links “PFC–REC merger” report to Budget 2026 restructuring proposal; board to deliberate. 8PFC limits the stated trigger to the Budget 2026 announcement and reserve. Click on Reports for more. JSW Energy Limited says it is “evaluating opportunities” in power, but nuclear capex not on the table now. 8It keeps its broader power-sector evaluation open-ended but fences off nuclear investments ex. Click on Reports for more. Indian Energy Exchange Limited (IEX) flags RTM jump to 4,638 MU as prices fall to Rs 3.72/unit. 8It also reports DAM volume of 6,182 MU (up 2.8% YoY) and a DAM average price of Rs 3.86/unit (down 12.9%. Click on Reports for more. Bharat Forge investor pact binds BF Utilities to casting carve-out, India business only via JS Auto. 8The annexure specifies that certain BFL-affiliated entities, including BF Utilities, are subject to. Click on Reports for more. IRCON disputes exchange fine over board committee composition, calls levy “unreasonable” for government company. 8IRCON’s Board has stated that as a government company under Section 2(45), director app. Click on Reports for more. Indowind Energy lines up Rs 57.80 crore promoter RPT to buy Everon Power shares from Dr. Bala Kutti. 8It is raising a Rs 1,500 crore borrowing limit, up from Rs 1,000 crore. Click on Reports for more. Epic Energy Limited ties up with REFNIC for Li-ion shredding and 10 MWh/month second-life assembly via SUN LLP. 8REFNIC will be the technical partner for design, engineering, integration, installation. Click on Reports for more. TANTRANSCO terminates BGR Energy Systems Limited’s Tirupattur–Palavadi substation EPC. 8The transmission entity may recover LDs and differential cost after contract termination. Click on Reports for more. KPI Green Energy Limited cites GUVNL 445 MW/890 MW BESS LOI and INR1,000–1,100 crore capex range. 8The flags INR676 crore Q3 revenue and 45% YoY growth. Click on Reports for more. KPI Green Energy Limited secures commissioning certificate for 16.16 MWdc PM-KUSUM solar projects in DGVCL area. 8The company frames the development as part of its IPP segment execution and a contribut. Click on Reports for more. Solar Industry India’s Rs 21,200-crore order book locks in multi-year visibility . 8A large backlog dominated by defence and CIL/SCCL orders gives Solar a long earnings runway, even if individual segmen. Click on Reports for more. RMC Switchgears lands Rs 200.86 crore Jaipur Discom LOIs for 11 kV feeder segregation under RDSS. 8They are talking of two turnkey packages: segregation of 11 kV mixed feeders at Dholpur Circle (Rs.116.4). Click on Reports for more. Triveni Turbine’s Q3 order booking drops 26% to Rs 3.91 billion even as order book hits Rs 19.86 billion. 8The quarter’s booking are divided into domestic Rs 1,823 million (47% share; up 1% y-o-y). Click on Reports for more. KEC International Limited adds Rs 1,020 crore orders; says YTD order intake - Rs 20,300 Cr. 8The company’s year-to-date order intake stands at ~Rs 20,300 Cr and cites successive large tower supply orde. Click on Reports for more. Madison Pacific Trust Limited discloses encumbrance over 56.38% of Vedanta Limited shares under US$350 million facility. 8The filing does not state any acquisition of voting-rights shares by the agent. Click on Reports for more. Vedanta Limited flags ESG score of 60.8, says SES issued rating independently. 8It is not known whether Vedanta has accepted, disputed, or sought any review of the score. Click on Reports for more. Details
CERC Updates
Feb 04: 1) CERC resets Southern grid strengthening tariffs after capital cost corrections 8The ruling reinforces CERC’s stance on disciplined cost norms, especially around spares and deferred liabilities.
2) CERC trims reactor asset base, resets northern grid charges for new control period 8The ruling reinforces CERC’s hard line on capital discipline before the new tariff block begins. It also signals continued scrutiny of legacy cost padding in mature interstate assets
3) CERC clears litigation-driven cost surge in Southern grid strengthening asset 8The move reinforces that legal risk in transmission projects ultimately migrates into regulated revenue streams.
4) CERC locks revised tariff path for Wardha fault-control transmission upgrade 8It signals that even non-capacity-augmenting works are subject to full tariff scrutiny as grid complexity rises.
5) CERC resets Powergrid Jharkhand–Bengal transmission tariff across two regulatory cycles 8The decision signals continued emphasis on prudence review over mechanical tariff pass-throughs.
6) CERC resets ERSS-VII tariffs, clears Rs 26 lakh carry-over costs into new cycle 8The regulatory signal is one of continuity - no reopening of old disputes, only structured pass-through of verified residuals
7) CERC resets Northeast grid upgrade tariffs, lowers past charges, sets leaner next cycle 8The broader signal is a regulator intent on compression of transmission carrying costs while preserving equity returns.
8) CERC trims legacy tariff base, stabilises spare asset charges for new control period 8The order signals a continued regulatory preference for cost containment in legacy grid assets rather than expansion-driven recovery. It also reinforces discipline on post-COD capital claims.
9) CERC resets ERSS-XVII tariffs as Powergrid costs move into new control period 8The ruling signals continuity rather than reform - but locks in cost visibility for the next five years.
10) CERC resets NERSS-II tariffs, clears legacy dues and locks five-year cost recovery 8The ruling reinforces regulatory preference for financial closure discipline over fresh capex expansion in mature transmission schemes.
11) CERC resets Western Region transmission costs, merges nine grid assets for new tariff cycle 8The regulator has reaffirmed cost-plus transmission recovery but with sharper reconciliation of contractor liabilities and delayed capitalisation flows.
12) CERC clears petition revision but locks in tight January filing deadlines 8The move underscores a regulatory preference for procedural discipline over timeline extensions in active generation tariff matters. For the generator, the revision opportunity comes with limited room for delay or iterative correction. Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 04: 1) Coal Ministry opens door to insurance bonds as mining performance security 8The change affects competitive tariff-linked coal blocks, including projects supplying ultra mega power plants.
2) Coal ministry lifts December index as coking grades outpace thermal benchmarks 8The direction, however, signals that industrial fuel markets are regaining pricing strength faster than the power sector.
3) Khavda Phase-II link goes live, unlocking 4.5 GW renewable evacuation capacity 8At the system level, it signals continued prioritisation of high-capacity RE corridors over conventional expansion.
4) India’s smart metering drive crosses 5.46 crore installs but mega states lag 8The disparity signals emerging pressure points in funding flows, vendor capacity allocation, and state-level reform readiness.
5) G-DAM volumes rise in January as buyer mix flips and C&I selling accelerates 8The pattern suggests portfolio and procurement repositioning rather than a documented operational disruption.
6) Eastern coal fleet captures SCED gains as southern units absorb deeper backing down in December 8The pattern suggests a system shift where eastern coal economics dominated real-time optimisation, pushing southern units down the merit stack.
7) RVPN defends asset carve-out as RTIL seeks separate transmission licence 8The outcome may signal how Rajasthan handles future structural unbundling within its grid infrastructure.
8) RVPN defends transmission demerger, pushes tariff questions to future proceedings 8For DISCOMs and consumers, the financial ripple effects remain undefined at this stage. The Commission now faces a decision on whether to separate structural approval from tariff accountability.
9) Jodhpur Discom corrects billing linkage for November FPPAS recovery 8It also reflects regulatory sensitivity around billing period integrity under the RERC framework.
10) Coal still anchors Rajasthan dispatch as one major NTPC unit shows cost stress 8For Rajasthan SLDC and state utilities, the data signals continued dependence on central coal allocations while gas remains structurally sidelined.
11) Kerala’s state utility posts profit on government support amid mounting regulatory gap 8The tension between political tariff restraint and financial sustainability is becoming more visible. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 04: Fortum targets 8–10 Euro/MWh “optimisation premium” in 2026 as hedges lock 41 Euro/MWh. 8The near-term consequence is that 2026 earnings exposure is framed as less about spot prices and more about the company’s ability to outperform its hedge baseline through optimisation. Click on Details for more.
ASEAN Power Grid shifts from planning to “operational action” as enhanced MoU becomes the 2026 backbone 8It says bilateral cross-border electricity trade remains the practical foundation while subsea interconnections and new power corridors emerge as the next frontier. Click on Details for more.
ICRA keeps Samyama Jyothi Solar at [ICRA]A+ as cash pooling cushions debt despite fires and outages 8The pool collectively operates 76 MWp, with cumulative DSCR stated above 1.4x over the debt tenure and a DSRA of Rs 12.66 crore alongside Rs 42.37 crore unencumbered cash as of December 31, 2025. Click on Details for more.
MNRE locks 50 GW/year bid trajectory through FY28 as global partnerships widen across storage and hydrogen 8The mechanisms including MoUs, LoIs and joint dialogues with partners ranging from Australia and France to IRENA. Click on Details for more.
India pegs 60.63 GW storage need by FY30, with 41.65 GW from BESS
Plain solar loses ground: REIAs pushed toward storage-linked tenders as only 24.3 GW PPAs signed 8Declining costs of solar/wind plus storage and dispatchable RE have reduced demand for “plain solar/wind power,” prompting government sensitisation of agencies toward peak-hour and FDRE tenders. Click on Details for more.
India and Bhutan push commercial optimisation of Punatsangchhu-II 1020 MW output 8India and Bhutan also assessed cross-border transmission links out to 2040 alongside the need to streamline approvals for scheduling of power, particularly during Bhutan’s lean months. Click on Details for more.
Varun Beverages commits up to Rs 1.58 crore for 30% captive solar SPV stake in Haryana 8It is seeking solar power supply for facilities in Nuh, Panipat and future sites. Click on Details for more. Click on Details for more.
CERC cuts Essar–Bachau line tariff start to 2 June 2022, rejecting PGCIL’s earlier COD claim 8What is not accepted is COD approval under Regulation 5(2), since Essar Power Gujarat Limited (EPGL) had already relinquished LTA. Click on Details for more.
Powerica’s Rs 250 crore AA-rated term loan leans on DG cashflows as CPCB IV+ shifts bite 8ICRA frames CPCB-IV driven price hikes as a “key monitorable” and reiterates vendor concentration, with Cummins India Limited-linked DG sets accounting for ~70% of FY2025 operating income. Click on Details for more.
APTEL backs HERC’s “infructuous” call, nixing Nile Condominium’s Rs 45 lakh refund route 8The dispute traces to a sharing-cost demand of Rs.44,66,500 (after adjusting ~Rs.26 lakh earlier paid) and the Association’s deposit of about Rs.45 lakh under protest for shifting supply to Sector 47, with CGRF directing DHBVN to refund and then claim from Haryana Vidyut Prasaran Nigam Ltd. (HVPNL). Click on Details for more.
HVPNL ties Feb training nominations to salary recovery and disciplinary action for non-attendance 8The memo states that if nominated officers/officials fail to attend, “training expenditure shall be recovered from their salary and disciplinary action will be initiated. Click on Details for more. Details
Daily forward looking import matrices
Feb 04: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8LNG 8Crude 8Chemicals 8Fertilizers 8LPG 8Ammonia 8Coal & Coke 8All tankers 8Bulk and Dry cargo Click on Reports for more.Details
Regulatory Updates: Part I
Feb 04: 1) Kerala regulator forces 24×7 supply pledge and auto-compensation regime 8Consumers, especially commercial and institutional users, stand to gain enforceable uptime guarantees for the first time.
2) Kerala regulator trims Infopark costs, rewards loss reduction in FY25 reset 8The outcome signals a regulatory tilt toward efficiency-based incentives rather than blanket cost approvals.
3) TNERC orders TANGEDCO to clear legacy interest dues, blocks instalment relief 8Beyond the immediate financial hit, the ruling reinforces payment discipline expectations in state-backed renewable procurement contracts.
4) TNERC blocks TNPDCL review after APTEL appeal shifts jurisdiction 8The order underscores how procedural missteps can override substantive tariff arguments. It also signals tightening discipline in how regulatory remedies are sequenced.
5) TNERC orders TANGEDCO to pay delayed solar deposit with 12% interest 8The decision signals that regulatory tolerance for payment deferrals is narrowing.
6) Regulator blocks sub-threshold 33 kV supply, reinforces voltage discipline 8The ruling signals that future load projections cannot substitute for present eligibility.
7) JSERC enforces mandatory bank guarantee rule on captive power users 8The decision signals a tightening regulatory stance on captive verification, shifting risk from utilities to industrial generators.
8) Jharkhand regulator locks captive plants into upfront financial security regime 8The ruling shifts captive power from a compliance declaration model toward a pre-emptive risk-secured framework.
9) JSERC clears 40-year Dibang hydro supply deal for DVC 8The regulator’s nod reinforces hydro’s role as both reliability insurance and compliance currency in the evolving RPO framework.
10) JSERC clears Rs 6.9 crore ash handling capex for CFBC compliance 8It also shows regulators prioritising continuity of plant operations where ash logistics threaten shutdown risk.
11) JSERC blocks single-point steel supply, mandates dual metering compliance 8Distribution utilities gain regulatory backing to enforce technical tariff segregation. The order signals a tightening stance on industrial metering discipline statewide. Click on Details for moreDetails
Power Committee Updates
Feb 04: 1) West Bengal’s reactive bill collapses - but the pool imbalance doesn’t: Bihar, Kahalgaon and Odisha quietly take over the VAR cashflow 8The pool is becoming a mirror of grid voltage management - and it’s reflecting instability pockets, not average performance.
2) The ER grid’s “quiet instability”: DSM pool stays positive, but the real stress is migrating into inter-regional settlement and dispatch-side make-good mechanisms 8The structural tension is clear: DSM looks “settled”, but scarcity is being priced through ancillary and commitment constructs, creating a two-layer discipline regime-payments move, but reliability signals are bleeding into other accounts.
3) NER’s allocation envelope tightens in Jan: the headline isn’t one plant-it’s the shrinking “total power” canvas and what it does to discipline 8January reads like an allocation stress-test-not because the sheet screams with exceptions, but because the macro ceiling falls and every sub-allocation becomes a potential grievance point.
4) WRPC’s pool flipped from SCUC-dominant surplus to shortfall-driven stress - even as the same winners kept collecting 8And the repeated behavioural issue is the persistence of large negative contributors (multiple VSTPS units, Sipat, NSPCL) - the same names, same direction signature that looks less like noise and more like a structural operating posture.
5) WR’s DSM bill didn’t “improve”-it collapsed: inter-regional stress cooled, and renewables stopped bleeding (for now) 8Operationally, the risk isn’t this week’s lower bill-it’s the volatility signal: the account shows WR can swing from heavy net payable to near-flat in seven days, which usually means the control problem has shifted-not vanished.
6) One flagship block stayed rock-solid-while another faceplanted to 45% availability, forcing the month’s ‘virtual’ balancing to do the heavy lifting in the West’s REA-based ABT 8Net-net, the grid’s meaning for the latest period is uncomfortable: operational stability is being maintained-but the reliability margin is concentrating, and concentration is what breaks first when the next unit trips.
7) Chhattisgarh’s VAR shock flips polarity- and quietly rewrites Western Region’s “discipline map” in a single week 8And the structural tension remains: state-level pay/receive can flip fast, but the persistent payer set (especially Gujarat) suggests deeper VAR management and network/reactive control constraints that weekly settlement alone won’t cure.
8) January’s scheduling story in NRPC: the virtual stack flipped from “support” to “stress”-with TRAS/SCUC turning into a visible corrective hand across flagship NR stations 8The repeated behavioural issue is that the virtual stack keeps appearing as a balancing tool rather than an exception-suggesting structural reliance on optimisation layers where beneficiary discipline should have carried the load.
9) Southern Region’s reactive pool tightens: net receivable jumps-driven by Karnataka + Andhra, while Tamil Nadu flips from payer to major claimant 8This is the kind of weekly pattern that quietly rewires incentives: reactive discipline becomes a tradable edge-until the pool starts signalling “persistent winners” and “repeat offenders” with uncomfortable consistency.
10) From Telangana tailwind to Tamil Nadu windfall: the DSM pool flips its biggest payer/receiver map in one week 8Week-on-week, the Southern Region’s DSM story isn’t “volatility”-it’s a clean redistribution of who is funding discipline and who is cashing it. Click on Details for moreDetails
Market Round-up
Feb 04: 1) RTM blows out over DAM as net exports shrink during the morning ramp 8RTM MCP hit Rs 8.51/kWh at Hour 7 (DAM at the same hour: Rs 5.73/kWh) on 2026-02-03. Inference: All-India net exchange flipped “less export” as RTM spiked (from -2,020 MW at 00:00 to -1,294 MW at 07:00), tightening the system right when demand jumped above 209 GW. Why it matters: a ~Rs 2.77/kWh RTM–DAM basis at a peak hour is a direct procurement risk for RTM-exposed buyers and a stress-signal for balancing depth.
2) A second price regime hits at 18:00 as export cushion collapses again 8RTM MCP stepped up from Rs 4.37/kWh (17:45) to Rs 8.68/kWh (18:00) on 2026-02-03. Inference: The jump lines up with net exchange moving sharply toward zero (export shrinking to ~-1.34 GW at 18:00), while frequency softened into 49.95–49.96 Hz by 18:30–18:45. Why it matters: this is a clean “regime break” signature-buyers relying on late-day RTM cover face sudden cost shocks without an obvious corridor-constraint trigger.
3) “No ATC/(N-1) violations” masks a voltage problem at a solar hub 8The system reliability report shows 0 hours of ATC and (N-1) violations on major corridors for 2026-02-03. Inference: Yet Bhadla II sat outside the IEGC voltage band for 17.71% of the day, a local stress that corridor indices don’t capture. Why it matters: market participants can see “congestion-free” dashboards while still paying for voltage management risk that hits dispatch flexibility and renewable evacuation.
4) Ancillary SCUC volumes signal heavy balancing-even before you see the price 8SCUC schedules show SCUC-Up = 41,992 MWh and SCUC-Down = -41,991 MWh for 2026-02-03. Inference: That “up/down symmetry” screams continuous re-balancing, consistent with the day’s sharp RTM basis events (morning and 18:00 step) rather than a single isolated disturbance. Why it matters: when balancing energy is this large, RTM becomes the cost-pass-through channel; any liquidity thinning can turn routine balancing into headline volatility.
5) Big thermal outages sit in the background while buyers fight for RTM cover 8On 2026-02-02, multiple 660 MW units are listed under maintenance/forced categories (e.g., Jawaharpur STPP Unit-1 & Unit-2, Chhabra-II TPP Unit-6). Inference: With large units unavailable entering 2026-02-03, the system has less thermal “shock absorber,” making net-exchange swings and balancing actions more price-visible in RTM. Why it matters: outage-driven tightness doesn’t need a corridor violation to hurt-costs show up as RTM spikes and a wider intraday basis.
6) Smaller exchanges go dark-price discovery concentrates, volatility risk rises 8PXIL shows RTM MCP = Rs 10.00/kWh on 2026-02-02 with just 190 MWh scheduled; on 2026-02-03, PXIL RTM shows no trades. Inference: HPX RTM snapshot lists zero bids and zero cleared volume even on 2026-02-03. Why it matters: thin or absent trading outside the dominant venue reduces “pressure-release valves”-stress concentrates, and RTM spikes become harder to arbitrage away.
7) Rajasthan posts a positive UI day while running heavy thermal + solar-quiet imbalance risk 8In NR’s daily report for 2026-02-03, Rajasthan shows UI = +0.84 MU with generation dominated by thermal (152.02 MU) and sizable solar (43.81 MU). Inference: A positive UI alongside high internal generation suggests schedule-tracking stress (forecast error or dispatch friction), which can spill into RTM procurement and balancing requirements. Why it matters: even with zero reported shortage, persistent UI in large states is a cost-leak channel (DSM exposure) and a system-balancing burden.
8) Tamil Nadu shows a large negative UI despite big solar-curtailment or self-backdown signal 8In SR’s 2026-02-03 report, Tamil Nadu records Solar = 43.40 MU and UI = -4.62 MU (net under-drawal versus schedule). Inference: A negative UI of this size alongside strong solar can indicate either internal congestion/curtailment or deliberate backing down-either way, it reduces “usable” flexibility for the wider system. Why it matters: when solar-heavy states under-draw, the balancing load shifts elsewhere-raising the odds that RTM becomes the pressure point during ramps. Click on Details for moreDetails
Download tenders and newclips
Feb 04: For reference purposes the website carries here the following tenders: 8Tender for construction of 33 kV (2x5) MVAR capacitor bank at 132 kV sub station Details 8Tender for civil works related to maintenance and repair for roof treatment Details 8Tender for preventive and breakdown maintenance of machine Details 8Tender for procurement of 33kV CBs circuit breakers Details 8Tender for up keeping and routine electrical maintenance of LT ACB rectifier transformer Details 8Tender for complete overhaul of APH A and B sides and other related works Details 8Tender for upkeeping & routine mainetenance and attending minor repair works Details 8Tender for overhauling contract of boiler pressure parts Details 8Tender for replacement of ash slurry pipe lines. Details 8Tender for supply of various consumables & miscellaneous items Details 8Tender for supply of analyzers and spares for SWAS system Details 8Tender for job work of radiography of boiler tube weld joints Details 8Tender for replacement of top hand railing by using FRP/GRP material Details 8Tender for augmentation of existing 3 no 220kV S/C link between 400kV substation Details 8Tender for procurement of idler rollers for conveyor system, wagon tiplers Details 8Tender for procurement of HRC fuses Details 8Tender for establishment of construction of phase-II Details 8Tender for annual overhaulling services for boiler pressure parts valves soot blowers and burners Details 8Tender for procurement of conveyor belt used Details 8Tender for supply of 11kV single pole standalone complete set Details 8Tender for construction and renovation of 33 kV feeder Details 8Tender for carrying out the earthing audit (health assessment) of existing mat and earthing electrode Details 8Tender for preventive maintenance and emergency breakdown works in 333 KMs of EHT lines Details 8Tender for work of replacement of various high energy drain valves, steam / feed water lines Details 8Tender for rate contract for the work of overhaul, lifting & shifting of various sizes of LT motors Details 8Tender for operation and maintenance of electrical systems/electrical installations distribution panel retrofitting work Details 8Tender for repair, maintenance, and installation of plant/ systems/equipments Details 8Tender for work contract for providing assistance in unit operation and HR operation of 2x10 MW Details 8Tender for procurement of various lighting items and LED based flood tights for various power houses Details 8Tender for supply of material, erection, testing & commissioning (including civil works) for construction of 3 no. 33 kV substations Details 8Tender for work of annual contract for cold line cleaning of insulators for 220/132/110kV EHV lines Details 8Tender for preventive maintenance and emergency breakdown works in 346 KMs of EHT lines Details 8Tender for preventive maintenance and emergency breakdown works in 280 KMs of EHT lines Details 8Tender for procurement of various sizes of ERW pipe Details 8Tender for work for the 4000KVA new HT connection Details 8Tender for supply of pulverized fuel piping for coal mill Details 8Tender for procurement of ABT compliant energy meters Details 8Tender for reclamation of used and unserviceable transformer oil Details 8Tender for annual operations for lifting of segregated non segregated solid waste transportation and proper treatment disposal Details 8Tender for annual contract for operation and maintenance of electrical power system Details 8Tender for supply and installation of 1.5 ton 3 star split type air conditioner Details 8Tender for construction of railway track side of switchyard Details 8Tender for procurement of 415V ACDB, 110V DCDB Details 8Tender for procurement of 8400KM of ACSR weasel conductor. Details 8Tender for empanelment of firms for execution of electrical works upto 11 kV HT /LT level Details 8Tender for running, operation and maintenance of sewage treatment plant of capacity 30 KLD in plant Details 8Tender for supply of various type of flap gate actuators Details 8Tender for construction of sump pit-cum-pump chamber and other allied works Details 8Tender for supply of apron feeder liners Details 8Tender for supply of FSSS spares Details 8Tender for routine maintenance works cleaning of fuel oil guns and attending of minor repair works Details 8Tender for operation and upkeeping of unit – II boiler Details 8Tender for routine maintenance and break down maintenance of boiler water wall Details 8Tender for supply, erection, testing & commissioning including five years insurance and comprehensive operation and maintenance of total 09 meter height 300 WP capacity solar street high masts Details 8Design, supply, installation, testing, commissioning with (RMS) of cumulative capacities of 234 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with (RMS) of cumulative capacities of 898 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with RMS of 69 kW capacities of grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning with RMS of 316 kW capacities of grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 453 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 258 kW grid connected solar PV plant Details 8Design, supply, installation, testing, commissioning of total 196 kW grid connected solar PV plant Details 8Tender for repair and restoration of spur at RD Details 8Tender for work contract for routine, preventive, condition monitoring, shutdown, breakdown maintenance, and other miscellaneous works Details 8Tender for annual maintenance contract for preventive maintenance, defect attending, emergency work and overhauling of electrical equipment/auxiliaries Details 8Tender for work of providing and fixing heat shrinkable type cable joint kits Details 8Tender for supply of 35Nos,20MVA,110kV/11kV three phase transformers Details 8Tender for capital work 110kV substation Details 8Tender for reconductoring existing 11kV with covered conductor feeder Details 8Tender for reconductoring existing 11kV line with covered conductor Details 8Tender for extension of switch house Details 8Tender for manufacture, testing, supply and delivery of vehicle mounted cable fault locating equipments Details 8Design manufacture, testing, supply & delivery of B&S type 70KN (normal and anti-fog), 90KN (anti-fog) & 160 KN (anti-fog) disc insulators Details 8Tender for award of running contract for repair / rewinding of 220V DC motors, 415 V three phase AC squirrel cage motors, 415 V three phase AC slip ring motors Details 8Tender for construction of retaining wall for low lying Details 8Tender for construction of CTR tank and P/F of steel grating for 40/50-20/25 MVA Tr. at 132 kV GSS Details 8Tender for civil work for replacement of Tr.-II and Tr.-III at 220 kV GSS Details 8Tender for levelling, dressing and gravelling of 20/25 MVA transformer bay Details 8Tender for construction of civil foundation for 132 kV bay Details 8Tender for insurance of assets of thermal power stations Details 8Tender for supply of stay set complete Details 8Tender for construction of line for giving electric connection Details 8Tender for biennial maintenance contract of 02 nos. rail in motion weigh bridge Details 8Tender for overhauling work of LP turbine and associated works Details 8Tender for upgradation of performance analysis diagnostics and optimization (PADO) system Details 8Tender for procurement of carb clad coated seat and gate/disc of material handling vale Details 8Tender for complete rewinding of one number FD fan motor Details 8Tender for procurement of 3.5 V cross arm Details 8Tender for carrying out running maintenance works in unit I & II of ESP Details 8Tender for running maintenance of lighting in unit I & II boiler, transformer yard Details 8Tender for fabrication, galvanizing, testing, supply & delivery of different 33 kV, 132 kV substation structure including G.I nuts, bolts and washers Details 8Tender for incresing capacity of 1x10 MVA transformer Details 8Tender for maintenance of HT/LT lines Details 8Tender for work of carting of material, transformer, CTPT unit Details 8Tender for work of strengthening, fabrication and erection of steel structures Details 8Tender for work of replacement of rusted 37 (29+8) towers Details 8Tender for annual rate contract for servicing and overhauling of 11/22/33kV VCB poles Details 8Tender for work of supply, erection testing and commissioning of additional 50MVA, 132/33kV power T/F along with HV, LV bay Details 8Tender for second circuit stringing on 220kV line Details 8Tender for work of providing & fixing of additional jumpers on tension towers of the various lines Details 8Tender for AMC of new battery charger Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Union Budget 2026: Strong fiscal signals, fragmented support for India’s energy transition Details 8NLC India shares jump 5% after securing renewable power project Details 8Rajasthan’s new demand flexibility rules explained: How shifting electricity use could unlock more solar power Details 8Power generation company receives an order from solar energy corporation of India Details 816th Finance commission report: SPSEs in Himachal, especially power sector, incur losses of Rs 605 crore Details 8India's coal imports for power sector: A significant decline Details 8BCCL Posts loss on weak revenue Details 8Bharat Coking Coal Q3 results: revenue drops 25% YoY; coal India arm slips into losses to Rs 23 crore Details 8Kochi airport to run India’s first hydrogen-powered passenger buses Details 8TPREL commissions 198 MW group captive wind project Details 8Multiple steps taken to reduce green hydrogen cost: MNRE Minister Naik Details 8Over 26 Lakh households get rooftop solar under PM Surya Ghar; Rs 14,771 crore aid released Details 8Electric 2-wheelers to see 16-18 pc volume growth in FY28 as rare-earth supply eases: Crisil Ratings Details 8BHEL bags over Rs 1,000 crore project from Hindalco Industries Details 8IEX energy trade volume grows 19 pc to 13,050 MU in January Details 8The Hydrogenstream: NTPC green signs MoU with assago industries for green ammonia supply Details 8Energy storage funding slips 19% in 2025, but VC bets surge 30% as grid demand grows Details 8Industry expects India-US trade deal to boost solar exports Details 8India and Bhutan discuss measures to deepen cooperation in power sector Details 8India: Power demand climbs up in Jan'26; generation matrix shifts Details 8Big private players showing interest in India’s nuclear sector: Jitendra Singh on SHANTI Act Details 8India’s renewable energy capacity surges to 2,58,008 MW in 2025, accelerating clean energy transition Details 8NLC India renewables wins 600 MW renewable project with large energy storage from SECI Details 8Strengthening the textile and handloom sector to power atmanirbhar bharat Details You can also click on Newsclips for moreDetails
Coal logistics: Results
Feb 03: NTPC locks two Magadh–North Karanpura coal logistics 8Find out who the bidders areDetails
Clean technical clearance sets up high-stakes price discovery in Mawkhanu
Feb 03: 8Three EPC players have cleared technical scrutiny in a deceptively complex MeECL transmission tender.Details
Urja Global Limited’s review flags missing evidence for Rs 46.35 crore CWIP; recoverability “not determinable
Feb 03: 8The auditor records management’s explanation that a GST department raid on 20-07-2021 took records, leaving project documents and balance confirmations for loans/advances not available. Click on Details for more.
Details
Contracting news for the day: Part-1
Feb 03: This GSS PMC tender turns consultancy into a capital-intensive, EPC-grade risk play 8Repeated deadline extensions hint at market hesitation without promoter retreat.
UJVN stretches the bid timeline for Sirkari Bhyol Rupsiabagar electro-mechanical EPC package 8A hydro electro-mechanical EPC tender rarely moves quietly. 8UJVN’s repeated bid-date extensions suggest deeper signals about market readiness and execution risk. 8The real story sits in what the timeline flexibility reveals about bidder capability and promoter intent.
UJVN hard-codes technology and performance risk into Tiloth 15 Mw / 37.5 Mwh BESS tariff 8UJVN’s Tiloth BESS tender looks routine at first glance, but its risk geometry is anything but. 8Tariff discovery here quietly rewrites who carries India’s storage learning curve. 8The real contest is not price, but endurance.
Technical scope locks developers into long-term performance 8The tenders extend responsibility well beyond construction. 8Performance risk does not taper after commissioning. 8This reshapes how bidders evaluate module, inverter, and O&M strategies
UJVN’s Khatima BESS tender quietly shifts battery storage risk deeper into the developer balance sheet 8UJVN’s latest battery storage tender looks routine on the surface, but the risk architecture tells a sharper story. 8Tariff-based bidding under BOOT shifts long-term performance exposure in ways many bidders may underestimate. 8The real test will emerge not at bid opening, but years into operation.
Feb 03: APTRANSCO grants a calibrated bid deadline extension for the 400/220 kV AIS Sanampudi transmission package 8The date extension suggests bidders are engaging deeply with route constraints, bay interfaces, and energisation sequencing. 8Commercially, APTRANSCO has avoided reopening cost or risk clauses, signalling confidence in its tender design.
OPTCL’s Basudevpur 400/220 kV EPC tender tests market depth after three bid-date extensions 8OPTCL’s flagship Basudevpur EPC package has crossed its third deadline reset without touching scope or risk allocation. 8The extensions quietly shift cost, validity, and execution pressure onto bidders already navigating OEM and ROW constraints. 8What this means for price aggression and future grid tenders is only beginning to surface.
RVPN extends bid deadlines twice on 220 kV NPH–VKIA turnkey transmission package 8A high-capacity 220 kV cable-plus-monopole project rarely gets time relief without giving something up.
UJVN’s Lakhwar hydro EPC tender stretches time, tests balance sheets, and quietly reshapes bidder risk appetite 8UJVN’s Lakhwar electro-mechanical EPC tender looks conventional on paper, but its timeline tells a different story. 8More than twenty bid extensions have transformed time itself into a filtering mechanism.
TNGECL’s Karur 15 MW solar-BESS tender opens financial bids 8A hybrid solar-storage tender in Tamil Nadu has formally crossed the financial bid stageDetails
KEC International Limited details bribery-case overhang as “sub judice”; no update, no outcome stated
Feb 03: 8KEC International Limited’s CEO said there is “no particular update” on a “bribery case with Power Grid officials,” describing it as “sub judice” with hearings “not yet started.” 8The CEO says he has “no idea” what Power Grid will do. Click on Reports for more.
Details
Company updates
Feb 03: 8POWERGRID raises FY26 capex guidance to Rs 32,000 crore and capitalization to Rs 22,000 crore in investor deck. Click on Reports for more. 8Partial commissioning flagged: ACME unit cites GEDA certificate for 16 MW at Garambhadi, Sayla. Click on Reports for more. 8Orient Green’s subsidiary signs Rs. 85.05 crore EPC for 9.9 MW wind in Tamil Nadu. Click on Reports for more. 8Ujaas Energy says CMD Shyamsunder Mundra died on Feb 1; promoter status to cease. Click on Reports for more. 8CLN Energy grants 1,60,046 ESOP 2025 options; five-year exercise window stated. Click on Reports for more. 8K.P. Energy reports Q3 FY26 revenue Rs 347.6 crore; order book pegged at 2.18 GW. Click on Reports for more.Details
Dry bottom ash systems tendering: Patience becomes a qualification filter
Feb 03: 8Across large coal-based projects, promoters are increasingly tolerating longer tender cycles to preserve qualification and risk frameworks rather than dilute them. 8This aligns with tighter post-award governance and lower appetite for claims-heavy EPCsDetails
Download tenders and newclips
Feb 03: For reference purposes the website carries here the following tenders: 8Tender for upkeeping and routine maintenance of air preheater Details 8Tender for operation and upkeeping of unit II boiler Details 8Tender for annual overhauling work of TG set Details 8Tender for procurement of fasteners and studs for auxiliaries Details 8Tender for supply, installation, testing and commissioning of one 8-passenger or above capacity elevator Details 8Tender for procurement of spares for bottom ash hopper and eccentric crusher Details 8Tender for procurement of working and lube oil cooler assembly Details 8Tender for procurement of spares for ESP internals Details 8Tender for procurement of spares of CW pump Details 8Tender for procurement of spares for UF membrane for DM plant Details 8Tender for procurement of different size of knife edge gate valves installed Details 8Tender for work of construction of 1x33kV bay Details 8Tender for supply of pipes & bend Details 8Tender for construction of new retaining wall at coal stockpile Details 8Tender for assistance in jobs of electrical planning section and collection, loading, un-loading and transportation of HT motors Details 8Tender for providing and laying waterproofing treatment of various Details 8Tender for regular civil maintenance works in main plant and other infrastructure Details 8Tender for gas compressors replacement project Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for Bi -annual rate contract for restoration work of various 132kV & 220kV class transmission lines Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for fabrication, supply, erection and commissioning of top base frame structure assembly Details 8Tender for supply, erection, and commissioning of 300 NB M.S. seamless pipe Details 8Tender for providing take of structure, structural plinth, water supply arrangements Details 8Tender for supply, erection, dismantling of deteriorated/corroded 200 NB pipe Details 8Tender for HT & LT line extension, improvement and maintenance works Details 8Tender for work of fault attending work 15 MVA, 66/11kV transformer Details 8Tender for work of replacement of earth wire on 66kV line Details 8Tender for supply and works related to implementation of automatic generation control Details 8Tender for supply of varios types of valves for 200KHI boiler feed pump Details 8Tender for annual maintenance work Details 8Tender for procurement of fabricated and cantilever racks Details 8Tender for Bi-ARC for the emergency restoration of power of 66kV, 132kV & 220kV transmission line Details 8Tender for annual maintenance work Details 8Tender for supply of transformer oil at 220kV sub-station Details 8Tender for annual maintenance work Details 8Tender for supply, retrofitting and commissioning of 6.6kV VCB Details 8Tender for renovation of 33/11 kV 2/10 MVA DSS Details 8Tender for one-time calibration of SCADA based compressive testing machine Details 8Tender for bi-annual Up-keeping of switchyard Details 8Tender for fabrication, supply and erection of steel liner Details 8Tender for empanelment of electrical contractors Details 8Tender for ARC for the work of running, operation and maintenance of sewerage and storm water pumps Details 8Tender for erection of substation electrical structures and installation of equipments and other related electrical works Details 8Tender for construction of 400 kV D/C transmission line with twin HTLS conductor equivalent Details 8Tender for biennial maintenance contract for boiler non pressure part Details 8Tender for biennial civil maintenance work Details 8Tender for procurement of LED luminaries for different Details 8Tender for providing & fixing of chain link fencing Details 8Tender for work for replacement of breaker/ CT/ PT/ ISO/ LA/ 11kV panel Details 8Tender for supply of electrical actuator for feed control valve Details 8Tender for miscellaneous civil works Details 8Tender for maintenance of emergency 11 kV lines Details 8Tender for work of complete overhauling and routine maintenance / BTF work of boiler Details 8Tender for supply, dismantling, installation and commissioning of shaft with hub for 165000 CFM capacity Details 8Tender for operation and maintenance power house / power plant Details 8Tender for bi annual maintenance contract (Bi-AMC) for work of refilling & providing new spares Details 8Tender for work of providing and fixing of high voltage busbar insulation tape & heat shrinkable busbar insulation tubing Details 8Tender for annual transportation of 10M/270KG PSC poles Details 8Tender for supply of nut bolt for rectification work in 765kV D/C transmission line Details 8Tender for survey, installation, testing and commissioning of 11kV line Details 8Tender for maintenance contract for 400/220/132 kV EHV lines ground Details 8Tender for maintenance contract for 400/220/132 kV EHV lines Details 8Tender for balance works for upgradation of control room renovation of cable trench slab Details 8Tender for maintenance contract for 400/220/132 kV EHV lines ground/routine/tripping/break down/top/night patrolling and maintenance Details 8Tender for maintenance contract for 400/220/132 kV EHV lines Details 8Tender for procurement of LP turbine Details 8Tender for line work of HT/LT line Details 8Tender for manufacture, testing, supply & delivery of 750 MT hot dip galvanised GI nuts bolts, step bolts and EG spring washers Details 8Tender for work of second circuit stringing along with end bays Details 8Tender for electrical works Details 8Tender for rate contract (RC) for the procurement of AIO PCs Details 8Tender for work of chemical washing of insulator strings Details 8Tender for work of overhauling of various make OLTC’s diverter switch (220/132/110 kV class) of ICT’s & T/F's at various Details 8Tender for supply of hardware for LT shackle insulators Details 8Tender for rate contract for repair of 33 kV and 11 kV CT-PT sets Details 8Tender for day to day repair of roofs and floors against leakages, pressure grouting for arresting Details 8Tender for annual maintenance contract for DCS system Details 8Tender for day to day repair and maintenance of steel structural works Details 8Tender for annual contract of hydro water jet cleaning of turbine condenser Details 8Tender for annual maintenance contract for servicing or overhauling of LT air circuit breaker Details 8Tender for non-comprehensive annual maintenance contract for symphony melody and symphony plus series DCS systems Details 8Tender for supply of material, erection, testing & commissioning (including civil works) of 33/11 kV indoor AIS substation Details 8Tender for annual maintenance contract of ash dyke Details 8Tender for LT reconductoring under exchange transformer Details 8Tender for supply of poles A type GI 11m and 12 m Details 8Tender for carrying out dyuthi 2.0 HT works Details 8Tender for annual contract for operation and maintenance of on line coal sampler Details 8Tender for overhauling of different LT motors Details 8Tender for renovation of control room along with fencing and other allied civil maintenance works Details 8Tender for renovation of control room switchyard Details 8Tender for supply, installation, testing and commissioning of 220V 300Ah plante type lead acid flooded stationary battery bank Details 8Tender for procurement of 10MVA, 66/33 kV and 66/11 kV power transformer Details 8Tender for procurement of 33kV isolators. Details 8Tender for procurement of 400 kV and 220 kV pantograph isolators. Details 8Tender for supply of various type material of 33/11 kV substation Details 8Tender for supply of various type material Details 8Tender for supply of various type material of 33/11 kV substation Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for meter reading, bill preparation, bill distribution, and supervision of the work Details 8Tender for construction of 11 kV line for providing Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for meter reading, bill preparation, bill distribution, and supervision of the work Details 8Tender for meter reading, bill preparation, bill distribution Details 8Tender for replacement of 11 kV ACSR to AAAC Details 8Tender for work for second circuit stringing on existing 132 kV SCDC line Details 8Tender for procurement of numerical protection relay retrofitting kit Details 8Tender for supply of vibrating screen assembly with motor for primary crusher Details 8Tender for replacement of various high energy drain valves, steam/feed water lines Details 8Design, supply, installation, testing, commissioning including dismantling, replacement of control and relay panel for 66kV line feeder & transformer feeder Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Record renewables, weak links: India’s twin last-mile problem Details 8India’s energy balancing act Details 8India auctions 136 coal blocks since 2020 under Niti Aayog guidelines, boosting revenue and jobs Details 8Budget 2026: Coal freight, AC 3-tier may throw Rlys' FY26 revenue off track Details 8Thermal anchors grid reliability as renewables drive power capacity in FY2027: India Ratings Details 8Power Grid's india energy transition role amplified Details 8Budget 2026 Reactions: Views of clean energy industry stakeholders Details 8South Korea’s GS E&C enters India’s renewable energy market with 12.75 MWp open-access solar project Details 8Solar power allocation up 32% at Rs 30,539 crore Details 8GK Energy announces strategic expansion into retail solar rooftop systems sector Details 8Industry expects India-US trade deal to boost solar exports Details 8Waaree, Suzlon, Adani Green and 5 other green energy stocks jump by up to 14% today; Here’s why Details 8Cautious Monday: Nifty ends above 25,000, Sensex jumps 940 points – here are key highlights Details 8Coal India leadership changes reflect sector shift Details 8Orient Green power unit secures Rs 85.05 crore EPC contract for 9.9 MW wind project in Tamil Nadu Details 8200 units of free power for 2.23 lakh J&K families: J&K LG Sinha greenlights NC’s big poll promise Details 8India’s solar sector welcomes Budget measures to support local PV manufacturing Details 8Tata Power Renewable Energy commissions 198 MW wind project in TN Details 8Driving Change: Draft NEP 2026 proposes the next phase of sector reforms Details 8Budget 2026-27: Govt to restructure PFC, REC as part of NBFC reform push Details 8Easing Compliance: MoP releases draft Electricity (Amendment) rules, 2026 for captive power projects Details 8Balancing the Grid: CEA roadmap for scaling up pumped storage Details 8India Installs over 5.28 crore smart meters under RDSS to boost power sector efficiency Details 8Coal India production, offtake fall as power sector demand weakens Details 8Structural Shift: Key trends and new discom strategies to improve costs and efficiency Details You can also click on Newsclips for moreDetails
Miscellaneous Update: Part II
Feb 03: Contents8HPX sets Rs 9,000/MWh ceiling for Tamil Nadu Genco-Discom’s 400 MW April reverse auction. Click on Details for more.
8HPX sets Rs. 6,200/MWh ceiling for Tamil Nadu Genco-Discom’s 200 MW April overnight reverse auction. Click on Details for more.
8PXIL opens 400 MW Tamil Nadu discom reverse auction for April evening supply, minimum bid 20 MW. Click on Details for more.
8TANGEDCO seeks 200 MW April night power on PXIL; bids open till Feb 4, 11:00 am. Click on Details for more. 8Acme Solar doubles BESS target to 2 GWh by Q4FY26 to chase peak–off-peak arbitrage. Click on Details for more. 8PL keeps BUY on NTPC with Rs.423 target as Q3FY26 adjusted PAT rises ~1% YoY. Click on Details for more.
8Tripura extends deadline for TPGL Director (Technical) appointment applications. Click on Details for more.
8Defence revenue share at Solar Industries rises to ~22% in H1FY26; ICRA reaffirms A1+ and doubles CP limit. Click on Details for more.Details
CSE Deccan Solar has a flags 12-year lock-in vs 19.75-year debt tail
Feb 03: 8How will the company handle it? Click on Details for more.Details
ReNew Wind Energy (TN2) PLF slip to 21.2% in H1FY26 despite NTPC-backed Rs.4.66–4.80 tariffs
Feb 03: 8PLF is declining to 22.6% in FY25 (24.1% FY24) and 21.2% in H1FY26 (22.2% H1FY25), with FY26 generation expected to remain subdued around ~22%. 8There is no signal yet of any operational remediation beyond expectation of a return to long-term trends from FY27 onwards. The project’s revenue is entirely locked under 25-year PPAs with NTPC Limited (NTPC) Click on Details for more.Details
Solar’s trillion-dollar surge exposes widening divide between capital-rich and capital-poor regions
Feb 03: 8Battery deployment is rising alongside solar, supporting energy shifting and peak management. Solar-plus-storage is moving from pilot phase to mainstream procurement model. Markets are beginning to price firm renewable power. Click on Details for moreDetails
Coal demand from thermal plants crosses 1-billion-tonne mark after post-pandemic surge
Feb 03: 8After two consecutive years of decline, utility coal offtake surged. The data signals that grid-connected utilities, not industrial captive users, are now driving incremental coal logistics pressure. This expansion locks the power system into sustained high coal throughput. The trend also hints at tightening rail and mining infrastructure stress as dispatch volumes approach structural limits. Click on Details for moreDetails
Solar surge masks structural churn in India’s under-construction renewable pipeline
Feb 03: 8The shift toward solar-heavy additions increases future daytime oversupply risk and deepens the system’s need for storage and flexible balancing resources. 8Regulators and grid planners may soon face rising curtailment management and scheduling complexity as this solar-heavy capacity begins commissioning. Click on Details for moreDetails
India’s winter demand surge pushes coal fleet back to high utilisation while renewables continue expanding
Feb 03: 8Thermal generation absorbed most of this increase, with all-India coal PLF rising sharply from 59.01% to 66.17%, signalling a strong return of baseload dispatch. Peak demand climbed by nearly 17 GW month-on-month, yet the system maintained virtually zero peak shortage, reflecting improved reserve margins and grid coordination. Click on Details for moreDetails
EV charging demand dips at public stations while private and depot charging accelerates across India
Feb 03: 8The data signals a structural transition in India’s EV power demand geography rather than a slowdown in electrification Click on Details for moreDetails
Regulatory Updates: Part I
Feb 03: 8Kerala regulator sets February hearing for FY25 tariff proceedings Click on Details for more 8GERC cracks grid-access deadlock, orders DGVCL to sign MSME solar pact in 3 days Click on Details for more 8TNERC hearing slate signals compliance crackdown across Tamil Nadu power ecosystem Click on Details for more 8CERC monetises stranded Essar link as RE backbone, clears delayed tariff recovery Click on Details for more 8Tariff lands 21% below regulatory cost benchmark: CERC locks in sub-norm tariff for Mandsaur renewable evacuation grid link Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 03: 81) Delhi regulator cuts Tata Power Delhi Distribution’s PPAC ask, allows 7.24% till 30 April 2026 Click on Details for more
82) BSHPCL true-up hearing turns on a late capex question Click on Details for more
83) Kajra 185 MW solar with 282 MWh BESS tariff case risks ex-parte track as discoms stay absent Click on Details for more
84) Bihar ERC advances SLDC capex approval case after notice; no public objections received Click on Details for more
85) Uttarakhand regulator opens clock for ToD solar vs non-solar hours concept Click on Details for more
86) West Bengal regulator extends tariff regulations consultation deadline Click on Details for more
87) MERC’s MSEDCL tariff review hearing draws 180+ objectors, speaker list locked by 27 Dec 2025 Click on Details for more
88) APERC opens APTRANSCO FY25 resource-plan performance works to objections before 13 Feb 2026 Click on Details for more
89) DISCOMs must adjust LT consumers’ leading reactive energy charges after APERC blames capacitor-driven kVARh spikeClick on Details for moreDetails
Miscellaneous Update: Part I
Feb 03: 8Powergrid lifts FY26 capex plan as storage and global expansion accelerate Click on Details for more 8Powergrid moves to withdraw government nominee director after MoP disinvestment directive Click on Details for more 8Coal ministry expands contract hiring to strengthen mine monitoring and legal oversight. This strengthens oversight during a period of accelerated mine operationalization. States and central ministries will see closer engagement Click on Details for more 8India’s coal block allocation map widens as auctions extend into new year. Allocation of blocks has steadily shifted from captive power and industrial end-use toward commercial sale-of-coal mining Click on Details for more 8SCED redispatch widens national pool deficit as northern coal units surge and southern fleet backs down in December Click on Details for more 8India’s solar park engine shifts from construction mode to commissioning surge in Q4 2025 Click on Details for more 8Concentrated Solar Power (CSP) growth has stalled after early expansion Click on Details for more 8BESCOM activates consecutive FPPCA revisions, tightening monthly consumer cost alignment Click on Details for more 8CESC tightens field accountability with grievance, inspection and service enforcement push Click on Details for more 8APSPDCL: FPPCA cap blunts full cost pass-through as APPC rises across November–December 2025 Click on Details for more 8Koradi transmission unit publishes apprentice merit list, begins verification window Click on Details for moreDetails
Power Committee Updates
Feb 03: 8WR transmission is getting costlier - but the real story is the RTDA “discipline cliff” in Madhya Pradesh and DNHDDPDCL Click on Details for more 8TPTCL’s transmission-deviation bill is small in the eastern region-but the pattern screams “discipline by default, then a single relapse,” with Deemed-GNA assumptions quietly doing the heavy lifting Click on Details for more 8Bihar’s transmission bill jumps hard as Eastern Region cost-weight shifts-Odisha follows, while West Bengal quietly de-risks Click on Details for more 8January’s DC shock in the East: JIPL steps up hard, MPL flips from “middling” to “must-run”-but the schedule gap widens where it matters Click on Details for more 8Jan 2026 opens with a billing-heavy grid in the East: transmission cost allocation tightens even as waivers swing wildly across the same system that’s still rewriting its demand shape Click on Details for more 8NER’s transmission bill steps up again - and the real tell is not Assam’s dominance, but Manipur’s sudden leap and the HVDC waiver shock Click on Details for more 8From audit fatigue to protection Failure: NER’s grid governance stress-test deepens Click on Details for more 8Southern Grid Under Stress: When RE variability, transmission delays, and discipline slippage collide Click on Details for more 8January’s “availability rebound” is real in the South - but it’s turning the market into Telangana’s pressure-release valve Click on Details for moreDetails
Market Round-up
Feb 03: 1) Tiny real-time volume hits price ceiling, exposing liquidity gaps 8On 2026-02-02, one RTM window cleared just 190.00 MWh but printed Rs 10.00/kWh MCP. Inference: A thin order book can “gap” to the ceiling even when the broader RTM market clears far lower (Rs 3.58/kWh), making price discovery fragile. Why it matters: Liquid price spikes distort balancing benchmarks and can inflate procurement costs for discoms relying on RTM for last-minute corrections.
2) Evening frequency peak crosses 50.17 Hz as excursions stack up 8On 2026-02-02, instantaneous frequency hit 50.174 Hz; the day logged 134 excursions above 50.03 Hz. Inference: The excursion count alongside a 49.990 Hz average suggests repeated short control actions rather than one prolonged imbalance. Why it matters: Persistent frequency excursions increase control stress, raise reserve deployment needs, and signal tighter balancing margins than headline averages imply.
3) System leans hard on downward balancing: 53.77 GWh absorbed in reserves 8On 2026-02-02, SRAS+TRAS Down totalled 53.77 GWh, dominated by downward TRAS dispatch. Inference: Sustained down-dispatch points to prolonged surplus absorption or constraint-driven backing down, not a short mid-day correction. Why it matters: Heavy downward balancing suppresses generator realisations and may mask congestion or scheduling stress that can later reappear as price volatility.
4) South shows “zero shortage” - but one state carries a deep forecast miss 8On 2026-02-02, the region reported zero shortage, yet one state logged a double-digit negative day-energy forecast deviation. Inference: The mismatch suggests balancing via deviations and imports rather than accurate scheduling. Why it matters: Hidden forecast gaps shift costs into deviation settlements and imports, undermining the credibility of “no-shortage” comfort signals.
5) Grid “continuous outages” aren’t short - over 70 elements out for a year 8The outage sheet lists 70+ transmission elements with outage start dates more than a year old. Inference: This reflects embedded derating or project delays rather than routine maintenance cycling. Why it matters: Long-duration outages reduce contingency headroom and make the grid structurally more vulnerable to cascading risks during peak stress.
6) Day-ahead price whipsaws: MCP jumps 19% as buy interest surges 8DAM MCP rose from Rs 2.67/kWh to Rs 3.18/kWh in one day (+19%), alongside a sharp rise in purchase bids. Inference: Higher buy appetite with a higher clearing price suggests tighter flexible supply or reduced marginal availability. Why it matters: Rising DAM prices directly raise discom procurement costs and increase hedge value for generators with flexible capacity.
7) Real-time price premium widens: RTM jumps 26% in a single day 8RTM MCP climbed from Rs 2.84/kWh to Rs 3.58/kWh day-on-day (+26%). Inference: Stable traded volumes with a sharp price rise point to stress in marginal flexibility rather than aggregate demand growth. Why it matters: Costlier RTM corrections penalise forecast errors and increase balancing risk for discoms and open-access buyers.
8) Reactive power workarounds persist as key 400 kV lines remain open 8Multiple 400 kV transmission lines remain deliberately open for months to manage voltage. Inference: This indicates structural reactive power or voltage control limitations, not short-term operational adjustments. Why it matters: Prolonged topology-based voltage control reduces transfer flexibility and weakens resilience during high-stress grid events. Click on Details for moreDetails
Daily forward looking import matrices
Feb 03: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8LNG 8Crude 8Chemicals 8Fertilizers 8LPG 8Ammonia 8Coal & Coke 8All tankers 8Bulk and Dry cargo Click on Reports for more.Details
REC tightens transmission risk screws in Ryapte 2000 MW solar park evacuation tender
Feb 02: 8REC’s Ryapte evacuation tender looks routine only at first glance. 8Beneath the tariff-based bidding lies a tightly wound structure that concentrates execution, financial, and integration risk on a single entity. 8The qualified bidder list shows who is willing to shoulder that burden — and who is not.Details
TNPDCL’s 20,000 km AAAC rabbit conductor tender draws 30 qualified bidders, sharpening focus on price discipline
Feb 02: 8A single conductor size has attracted thirty technically qualified suppliers in TNPDCL’s latest procurement. 8With no attrition at the technical stage, the entire contest shifts to the price envelope. 8The result will signal whether competition enforces efficiency or erodes margins.Details
Owner draws a hard compliance line at technical opening for its 33 MW rooftop solar programme
Feb 02: 8This rooftop solar tender looks routine until the bid-opening sheet is read closely. 8One bidder was eliminated before technical scoring even began, not on technology but on financial discipline. 8That single exclusion reveals how Rajasthan’s rooftop solar procurement is quietly being reshaped.Details
Synergy quietly deepens its bet on GMR Power through preferential allotment
Feb 02: 8A fresh equity infusion lifts Synergy’s stake in GMR Power and Urban Infra beyond 12%, underscoring a preference for negotiated capital over open-market buying. The move strengthens the balance sheet, but comes with clear dilution for existing shareholders. Click on Details for more.Details
Company updates
Feb 02: 8Adani Green files “further update” on SEC civil case in EDNY; stresses company not a party, contest jurisdiction. Click on Reports for more. 8Alfa Transformers approves Q3 unaudited financials. Click on Reports for more. 8Jindal Steel’s 31 January earnings-call recording goes live online. Click on Reports for more. 8PFC loses executive director Raj Kumar Malhotra to superannuation. Click on Reports for more. 8POWERGRID exits PTC board seat; gives up promoter rights. Click on Reports for more. 8Adani Power puts January 2026 investor decks online, in INR and US. Click on Reports for more. 8NHPC swaps an ED: Rajat Gupta exits Jan 31; Anish Gouraha in Feb 1. Click on Reports for more. 8Solarium’s Rs 50 crore HDFC term loan tagged CARE BBB-; stable with repayments starting January 2026. Click on Reports for more. 8KP Green Engineering claims manufacturing milestone but keeps contract specifics undisclosed. Click on Reports for more. 8Reliance Infrastructure board filing pairs earnings with ED attachment and SEBI/SFIO actions disclosure. Click on Reports for more. 8Hyderabad Jabilli buys 3,30,90,668 GMR Power warrants in preferential allotment. Click on Reports for more. 8Sterling and Wilson receives full Rs 143.12 crore indemnity payment from Shapoorji Pallonji. Click on Reports for more. 8High Energy Batteries flags board actions. Click on Reports for more. 8Jindal Steel synchronises 1,050 MW power plant revival, Angul expansion stays on track. Click on Reports for more. 8Adani Green Energy pitches Khavda 30 GW renewable park scale, 7.7 GW already operational. Click on Reports for more. 8Adani Renewable Energy Holding Eleven incorporates Windrix Energy as 100% step-down subsidiary. Click on Reports for more. 8Resurgent-led Tata Power JV delivers Mainpuri transmission corridors after stressed-asset acquisition. Click on Reports for more. 8Adani Ports breaches sovereign ceiling with JCR A- rating: Reinforcing its funding access and balance sheet positioning, while leaving future issuance or leverage decisions unaddressed here; group cre. Click on Reports for more. 8JCR initiates Adani ratings with stable outlook; APSEZ flagged as above-sovereign: APSEZ 1.8x net debt/EBITDA and Rs 19,025 Cr FY25 EBITDA cited. Click on Reports for more. 8NHPC Limited declares Subansiri Lower Unit 3 (250 MW) commercial from 01 Feb 2026 midnight. Click on Reports for more. 8Ministry memo backs management control shift at PTC India toward NTPC, subject to AoA amendments. Click on Reports for more. 8NTPC uploads analyst call audio link after Q3 results discussion. Click on Reports for more. 8ACME Solar signs 25-year NHPC PPA for 250 MW FDRE project; capex pegged at Rs 3,700 crore. Click on Reports for more. 8ACME Solar’s Q3 FY26 call audio uploaded. Click on Reports for more. 8Reliance Power Limited (RPOWER) faces subsidiary going-concern stress as Rs 42,398 lakh impairment remains unassessed as it disputes Rs 1,66,252 lakh guarantee demand as SMPL arbitration continues. Click on Reports for more. 8Indowind Energy lines up up to USD 70 million overseas raise as 9M EBITDA rises 29.4% seeks shareholder nod to raise borrowing powers to Rs1,500 crore. Click on Reports for more. 8Reliance Power files security cover certificate for Rs 250 crore NCDs; auditor confirms asset coverage statement. Click on Reports for more. 8IEX directs investors to Q3 FY26 earnings call recording hosted on its website. Click on Reports for more. 8Amravati plant runs at 79% PLF, but RattanIndia Power’s change-in-law payments remain pending as it swings to Rs 52.76 crore Q3 profit while EBITDA rises 60% QoQ. Click on Reports for more. 8G.G. Tronics ties Rs 433 crore KAVACH order to 11-year AMC priced at 3% per annum from year five. Click on Reports for more. 8Power Mech Projects Limited parked Rs. 142.92 crore QIP balance in deposits as washery spends lag. Click on Reports for more. 8K.P. Energy Limited’s 99 MW Bhuj LOA ties execution to NTPC Phase-II technical specifications. Click on Reports for more. 8CLN Energy discloses subsidiary CLNGreen; 51% stake. Click on Reports for more. 8RRIL promoter’s pledge tied to 2.5x security cover on NCD principal. Click on Reports for more. 8Solar Industries wins INR 830 crore defence export orders, deliveries spread over 4 years. Click on Reports for more. 8KEC International Limited lifts order book & L1 to over Rs. 41,000 crore; largest Rs. 1,050 crore T&D order cited. Click on Reports for more. 8Company official in custody: KEC International Limited flags chargesheet and court cognizance; impact “not determinable. Click on Reports for more. 8Orient Electric: BEE fan norms trigger destocking pain before benefits arrive. Click on Reports for more.Details
Contracting news for the day: Part-1
Feb 02: This 765–400–220 kV upgrade quietly raises the bar for ICT-centric EPC execution 8The new tender looks routine on the surface but hides several structural signals. 8The way value, risk and accountability are packaged reshapes who can realistically bid. 8The real story only emerges once you read beyond the portal listing.
KPTCL folds GIS ambition and underground risk into a single high-stakes urban substation package 8KPTCL has quietly raised the bar on who can play in Bengaluru’s next wave of substation expansion. 8A single tender now stitches together GIS precision, underground cable risk, and a Rs 1.9123 crore entry ticket. 8The real story lies in what this structure signals about KPTCL’s future contracting philosophy.
Solar project uses the DPR tender to quietly hard-code risk discipline before EPC entry 8This tender looks routine, but its structure reveals a deeper shift in how solar project risk is being redistributed. 8By tightening accountability at the DPR stage, the promoter is reshaping who gets to define cost and performance truth. 8The implications will surface only when EPC bids hit the table.
60 MW / 150 MWh hydro-linked BESS portfolio rolled out under BOOT model across Uttarakhand 8This storage tender quietly reshapes how hydro assets are expected to perform in a flexible grid. 8The BOOT structure transfers more than just construction risk to developers. 8What it signals for future state-led BESS pricing is not immediately obvious.
TANTRANSCO raises the bar on KKNPP evacuation with a high-EMD, turn-key 400 kV line tender 8A 24 km transmission link tied to India’s most sensitive nuclear asset is being tendered with unusually sharp financial filters. 8TANTRANSCO’s structuring choices quietly reshape who can realistically bid. 8The implications for competition and risk allocation go far beyond a routine line package.Details
Contracting news for the day: Part-2
Feb 02: Five deadline extensions reshape bidder strategy in KSEB’s dhyuthi 2.0 Idukki turnkey distribution tender 8Five deadline extensions are rarely accidental in a turnkey distribution tender. 8They often signal more about bidder risk perception than about paperwork delays. 8In Idukki, KSEB’s patience may be the real story.
NTPC Green Energy extends bid timelines twice for floating solar-BESS EPC package 8NTPC Green Energy has again recalibrated the clock on its ABVTPS floating solar-plus-BESS EPC tender. 8The back-to-back extensions hint at deeper market calibration rather than routine administrative drift. 8What this signals about bidder readiness and hybrid EPC risk appetite is where the real story begins.
UJVN stretches the bid clock on Rs 158 crore Sirkari Bhyol Rupsiabagar hydro EPC without easing entry barriers 8A year-long bid extension is never just about dates. 8In UJVN’s flagship hydro EPC, time itself has become a filter and a pricing lever. 8What looks procedural may ultimately decide who can afford to compete.
DVC’s Rs 139 crore 132 kV reconductoring tender quietly raises the bar on capital strength and execution risk 8A routine reconductoring tender, on paper, masks a sharp recalibration of entry barriers. 8The numbers tell a story of consolidation, not just capacity upgrade. 8The real signal lies in who can afford to bid, not who wants to.
MSETCL’s Sakoli 400/220/132 kV AIS tender front-loads risk screening under TBCB 8MSETCL is no longer waiting for the RFP stage to discover execution risk. 8The Sakoli AIS tender quietly shifts the real contest to the pre-bid phase, where balance sheets and technical credibility matter more than price bravado. 8Who gets filtered out here may never reach the tariff table.Details
Contracting news for the day: Part-3
Feb 02: A rooftop solar tender in Leh quietly shifts residential solar into a BOT-driven risk regime 8A residential rooftop solar tender in Ladakh is being structured more like a utility concession than a subsidy scheme. 8A Rs 2.80 crore EMD and a five-year BOT obligation are doing the heavy lifting. 8The real story lies in how much risk the market is willing to absorb for a foothold in Leh.
SECI extends bid timeline for 700 MW Radha Nesda solar PV BOS tender without altering risk or financial thresholds 8SECI has quietly pushed out the bid deadline on one of its largest BOS solar tenders in Gujarat. 8The extension changes timing but leaves the Rs 33 crore entry barrier untouched. 8For EPCs, the signal is less about relief and more about endurance.
REC extends Musalgaon and Jalna transmission bid deadlines, prioritising auction depth over calendar certainty 8Two high-voltage Maharashtra transmission projects quietly receive deadline extensions within days of each other. 8The clauses changed are procedural, but the signal to bidders is strategic. 8What this does to tariff aggression becomes visible only at reverse auction.
RECPDCL pushes bid deadline for Shongtong–Tidong ISTS project, recalibrating auction timing without touching risk or tariff structure 8A late-stage amendment quietly resets the clock on one of the most complex hydro evacuation corridors under tariff-based bidding. 8The scope, securities, and risk transfer remain untouched, but the timeline tells a subtler story about bidder readiness and auction dynamics. 8The real signal lies not in what changed, but in what was deliberately left intact.
Thirty-four extensions later, the holds the line on risk in this green hydrogen transmission bid 8After thirty-four deadline extensions, the company has shifted the clock again on one of India’s most ambitious green hydrogen transmission projects. 8The scope remains untouched, the securities remain locked, and the schedule remains unforgiving. 8What this says about bidder appetite, tariff realism, and future hydrogen corridors is where the real story begins.Details
Miscellaneous Update: Part II
Feb 02: 8Jodhpur Vidyut Vitran Nigam Ltd: Why does it get such a lousy rating? give me paywall story. Click on Details for more.
8GMR Gujarat Solar Power: Module degradation and dramatic fall in tariffs comes back to bite. Click on Details for more.
8Rs 20,000 crore CCUS scheme and duty exemptions frame thermal power as “ESG-positioned”. Click on Details for more.
8REC top management change. Click on Details for more.
8Advanced Chemistry Cell Production Linked Incentive (ACC PLI) dramatically misses 50 GWh target as two-year “gestation period” for commissioning facilities is viewed as unrealistic ; zero payouts by October 2025. Click on Details for more.
8Power sector gets Rs 1000 crore BESS VGF + higher RDSS outlay + nuclear duty exemption till Sept 2035. Click on Details for more.
8BIS clears Ola 5.2 kWh residential storage unit after Jan 15 certification for 9.1 kWh. Click on Details for more.
8Anyday SSC-R auction 500 MW April 00:00–08:00 keeps extending if late L1 appears. Click on Details for more.
8DVC seeks 400 MW March evening supply via Anyday SSC-R, 5 MW minimum seller quote. Click on Details for more.
8NLDC sets all-India ISTS transmission loss at 4.26% for Feb 2–8 2026. Click on Details for more.
8TSECL waives contractor test-report submission for internal wiring up to 150 kW, deposits as per load. Click on Details for more.
8Rajasthan Urja Vikas PXIL auction for 500 MW April evening supply, bids close 2 Feb. Click on Details for more.
8HESCOM links Rs 74.54 crore power purchase cost drop to January consumer tariff adjustment. Click on Details for more. Details
Feb 02: For reference purposes the website carries here the following tenders: 8Tender for operation and maintenance works of substation Details 8Tender for attending sheath damage of 132 kV IC x 630 sqmm aluminum conductor XLPE cable Details 8Tender for work of revetment at tower Details 8Tender for construction of 01 No. 132 kV bay at 132 kV S/S Details 8Tender for construction 01 No. 400/220kV 500MVA ICT GIS bay at 400kV GIS substation Details 8Tender for special repair works Details 8Tender for installation of addl. 100 KVA DTR Details 8Tender for award of contract for up gradation of existing 33/11 kV outdoor substation having PTRs Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line Details 8Tender for empanelment of contractors to award a contract for 33 kV line Details 8Tender for empanelment of erection contractors to award a contract for survey, installation, testing and commissioning of 11 kV line, 11/0.433 kV distribution transformer and LT line Details 8Tender for empanelment of erection contractors to award a contract for survey, installation, testing and commissioning of 11 kV line, ,11/0.433 kV distribution transformer Details 8Tender for balance works for upgradation of control room Details 8Tender for biennial work contract for round the clock routine / preventive / breakdown / emergency minor mechanical maintenance of various auxiliaries Details 8Tender for work contract for assistance in construction store related Details 8Tender for ARC for Mtc. of ash dyke A including manual channelization of ash slurry Details 8Tender for carrying out dosing of hydrogen nitrogen gas round the clock in 600 MW unit Details 8Tender for carry out running maintenance contract for HT/LT motors Details 8Tender for routine maintenance works on unit I II turbine auxiliary motors Details 8Tender for supply of LT shackle insulators Details 8Tender for supply of 33/11 kV 5.0 MVA power transformers Details 8Tender for manual unloading of indigenous coal from railway wagons and loading Details 8Tender for repairing of conv 1B motor of 220Kw Details 8Tender for ARC for hygienic cleaning of main plant Details 8Tender for construction of rain water harvesting system at 132kV substation Details 8Tender for leftover civil works Details 8Tender for fabrication and supply of hydraulic hoses of pedestal cranes Details 8Tender for servicing and maintenance of N2 suppression system installed Details 8Tender for operation of coal handling plant Details 8Tender for annual contract for rewinding/re-caging/ re-staggering and other repairs of HT motors Details 8Tender for rate contract for engagement 03 nos safety supervisor for overhauling job of different plant Details 8Tender for supply and delivery of 1494 set of single tension hardware fittings Details 8Tender for replacement of weasel conductor Details 8Tender for setting-up of 15 MW/37.5 MWh battery energy storage system Details 8Tender for setting-up of 15 MW/37.5 MWh battery energy storage system Details 8Tender for setting-up of 30 MW/75 MWh battery energy storage system Details 8Tender for replacement of weasel conductor Details 8Tender for repair and restoration of spur at RD Details 8Tender for on-site cryogenic cleaning, heating and varnishing of generator of two units Details 8Tender for repair and restoration of spur Details 8Tender for providing service connection Details 8Tender for procurement of spare equipments for sub-station maintenance at 132kV GSS Details 8Tender for providing service connection Details 8Design, manufacturing, testing, supply and delivery of 100 No. numerical type power transformer differential relays Details 8Tender for bi-annual rate contract (Bi-ARC) for transportation of structure material, tower material Details 8Tender for R&M work of 220kV bus strengthening conversation of existing Details 8Tender for work of rubber lining of various equipments, pipes and fittings Details 8Tender for operation and maintenance of valves for water distribution Details 8Tender for supply of worm gear set for coal mill Details 8Tender for supply of hoist spare Details 8Tender for manufacturing paver blocks of different shapes in precast yard Details 8Tender for work of erection of 66kV S/C line Details 8Tender for supply of 11/0.4 kV substation Details 8Tender for supply of 33 kV 800 AMP isolators Details 8Tender for supply of gas distribution screen for ESP system Details 8Tender for supply of primary air diffuser cone set for pulverized coal burner for boiler Details 8Tender for supply of modified LDO and LSHS oil guns with spares for boiler Details 8Tender for procurement of guided wave radar level transmitters installed Details 8Tender for supply of APH heating elements and APH seals Details 8Tender for procurement of pneumatic smart positioners Details 8Tender for procurement of spares for gas analyzer of continuous emission monitoring system Details 8Tender for supply of lube oil system spares Details 8Tender for supply of ceramic lined spool piece and coal bends for boiler Details 8Tender for supply of spares of hydraulic system of roller coal mill Details 8Tender for procurement of HEA igniters spark tips, HEA igniters rod, exciter box and HEA igniters cable Details 8Tender for shifting of 33 kV /HT/LT poles, lines, structures Details 8Tender for procurement of grinding elements for 883XRP bowl mill Details 8Tender for rate contract for different mechanical maintenance jobs Details 8Tender for earthwork excavation, stub setting, concreting, tower erection, stringing of panther conductor Details 8Tender for supply of VFDs for 4570 kW, 6.6 kV motor Details 8Tender for supply of 420 kV, 245 kV and 145 KV CTs for various substations Details 8Design, fabrication, supply, installation, testing, commissioning of on grid solar rooftop project with net meter and remote monitoring system, capacity of 300kW Details 8Tender for supply installation of street lighting system for illumination at ash dyke Details 8Tender for annual maintenance and meter reading Details 8Tender for annual maintenance and meter reading work Details 8Tender for construction of temp. bund along Details 8Tender for leasing of spare dark fibre of optical ground wire (OPGW) network Details 8Tender for preparation of the structure design and drawing ic electrification water supply sanitation plumbing and fire fighting arrangement etc Details 8Tender for carrying out routine and preventive maintenance of mill reject handling system Details 8Tender for supply, fabrication, erection of ERW 150NB pipe along Details 8Tender for bi-annual Up keeping/ housekeeping of control room, switch yard Details 8Tender for supply of M.S ERW coal discharge pipe Details 8Tender for supply, installation, commissioning and testing of new lighting system Details 8Tender for construction of protection wall Details 8Tender for laying of 3C 33kV 400 sqmm XLPE UG cable Details 8Tender for tit-bit civil renovation work Details 8Tender for laying of 3C 33kV 400 sqmm XLPE UG cable by microtunneling Details 8Tender for laying of 11 kV, 3Cx300 sq.mm. XLPE UG cable Details 8Tender for laying of 3C 11kV 300 sqmm XLPE UG cable Details 8Tender for supply of 9.0 M long PCC poles Details 8Tender for construction of 33 kV S/S Details 8Tender for renovation of 33 kV sub-station Details 8Tender for supply of butterfly valves rubber valve seal of make Fouress Details 8Tender for repair and maintenance of sanitary works Details 8Tender for supply of spares for turbine and TDBFP of unit Details 8Tender for requirement of various spares of dynamic classifier installed Details 8Tender for procurment of spare parts of BFV of various CW and ACW lines installed Details 8Tender for supply of spares for stacker reclaimer no 1 and 2, ring granulator Details 8Tender for work of providing & fixing electrical insulation, acid & alkali-proof synthetic insulating mat Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8GCC begins direct power grid interconnection project with Oman to strengthen regional energy security Details 8Coal blocks to be allotted only through auctions: Govt Details 8Power consumption rises 3.8% to 142.74 billion units in January: Govt Details 8Gstar's solar module series first to achieve India's new BIS certification Details 8Defence, Railways, solar: did Budget 2026 live up to market expectations for these sectors Details 8Engineering projects (India) invites EOI For 250 MW solar PV project Details 8Tata Power, Adani Ports, RVNL and other stocks announcing results this week Details 8Studio Saar designs India’s largest and most sustainable printed circuit board factory in Madhya Pradesh Details 8Why transformers are the unsung heroes of India’s green revolution Details 8Reviving 200 legacy industrial clusters: India’s manufacturing sector gets “second wind” in union budget 2026 Details 8India renewables seek policy clarity, storage incentives in Union Budget 2026 Details 8Government considers merger of power finance corporation and rural electrification corporation Details 8Restructuring PFC & REC to improve credit flows, execution discipline in power sector Details 8Budget to enhance competitiveness; duty exemption on lithium batteries to aid EV sector: Industry Details 8Power sector PSUs' investments to rise nearly 19 pc to Rs 1.01 lakh crore in FY27 Details 8TCS on Coal, lignite doubled to 2% Details 8Gia Lai Electricity's 2025 net profit records 10-fold increase on wind power gains Details 8Solar stock hit 10% upper circuit with heavy volume because Details 8In a boost for renewable energy, Budget slashes duties for battery, solar sectors Details 8India Eyes NBFC consolidation for power sector scale Details 8Union Budget 2026: Sitharaman calls for restructuring of power finance corp, rural electrification corp Details 8Reforms In financial sector: govt to set up banking panel for Viksit Bharat Vision Details You can also click on Newsclips for moreDetails
Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day
Feb 02: 8Find a snapshot of thermal, hydro, pumped storage, solar, wind, BESS and T&D contracts related updates for the day Click on Reports for moreDetails
Feb 02: It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days. Get the daily updates for : 8Crude 8Fertilizers 8Coal & Coke Click on Reports for more.Details
Power Committee Updates
Feb 02: 8Eastern grid on a knife-edge: Summer-2026 readiness hinges on delayed lines, deferred SPS, and commercial fault-lines as slow execution and shrinking buffers begin to bite Click on Details for more 8Spare ICTs: Reliability recast as inventory discipline as it is all about asset age, replenishment speed, and inventory governance Click on Details for more 8The grid quietly pivoted toward market scheduling while TRAS sank deeper into the red - and SCED flipped direction in Western India Click on Details for more 8Western Region’s deviation bill turned into an inter-regional settlement shock-WR–NR bled cash, WR–SR harvested it, and Gujarat still carried the biggest state-level payable Click on Details for more 8Southern grid’s quiet pivot: RSD moves from emergency tool to structured market signal as stakeholders deliberate a dedicated RSD (Reserve Shutdown) Procedure for 2026 Click on Details for more 8Transmission bills crept up-but the real story is RTDA whiplash in the South: Karnataka & Kerala suddenly become the region’s deviation payers while the nuclear swing resets Click on Details for more 8From compliance fatigue to grid fragility: Why Rajasthan’s RE expansion is now testing the limits of regulation, transmission, and accountability Click on Details for more 8NR’s “cost stack” thickened-while deviation risk migrated sharply into Rajasthan and a few named plants flipped the RTDA story Click on Details for moreDetails
Regulatory Updates: Part I
Feb 02: 8CERC ruling may reopen coal cost recovery battle between Adani and Karnataka discoms Click on Details for more 8CERC asked to reopen reserved transmission cost case after landmark Change in Law ruling Click on Details for more 8CERC resets Northern grid charges after multi-year cost review of key Powergrid assets Click on Details for more 8CERC scrutinises financial strength and compliance gaps before clearing new power trader Click on Details for more 8CERC clears Powergrid arm to build major NR–WR high-voltage transmission corridor Click on Details for more 8TNERC orders major deposit refund with interest, tightens compliance clock as an immediate financial signal to distribution utilities holding refundable security deposits Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 02: 8Power Grid: Funding intensity rises just as rising earnings rely more on core tariffs than regulatory deferral cushions as reduced contribution from deferral balances means less accounting cushion if revenue recognition slows Click on Details for more 8Grid study targets real time inertia gap and protection risks in weak-strength networks in the Indian power system as it pivots to dynamic performance in inverter-dominated grids Click on Details for more 8Weekly data: All-India ISTS losses ease as solar-hour flows continue to compress daytime transmission burden Click on Details for more 8India’s power market shifts toward advance contracting as winter demand tightens supply margins as real-time curtailment spikes fivefold and Transmission congestion climbs 42% Click on Details for more 8CEA moves to fill critical field logistics role through deputation Click on Details for more 8India cracks down on non-standard transformer procurement Click on Details for more 8APCPDCL’s fuel cost pressures breach regulatory ceiling for second straight month Click on Details for more 8Rajasthan tightens grid entry rules with bank guarantees and strict compliance gates Click on Details for more 8AVVNL shields deputed staff from housing loss and HRA tax complications Click on Details for more 8Transmission cost rebound sharply compresses NPCL’s consumer fuel surcharge relief as procurement drops 39 MU in one month Click on Details for more 8Consecutive negative FPPCA cycles return power purchase savings to HESCOM consumers Click on Details for more 8KSEBL’s fuel surcharge collapses as cheaper coal dispatch neutralises cost pressure between November and December 2025 Click on Details for more 8KSEB fast-tracks 2026 Civil Wing promotions with urgent data call Click on Details for more 8Promotion gatekeeping tightens as service, vigilance, and tax compliance linked to career progression in Kerala Click on Details for more 8Civil engineering cadre elevation signals execution layer strengthening in Kerala utility Click on Details for more 8KSEBL renews Rs 15 lakh accident cover, shifts premium recovery into payroll system Click on Details for more 8CESC deploys 40 field staff for mandatory technical refresher training also mobilises cross-department staff for full-day cyber security training Click on Details for moreDetails
Market Round-up
Feb 02: 1) HPX went dark across products for a full trading week 8Cleared volume and MCP printed as 0.00 across RTM for 2026-01-26 to 2026-02-01. Inference: This looks like no-trade / no-publication rather than low liquidity, because every daily row is zeroed. Why it matters: A “blank” week breaks cross-exchange price discovery and weakens any congestion/price attribution story.
2) IEX HPDAM showed sellers queued, but not a single buyer cleared 8HPDAM posted sell bids ~124,358–133,022 MWh/day through the week, but MCV and final scheduled volume stayed 0.00 every day. Inference: Persistent one-sided sell interest without matching bids suggests either price expectations gap or product-level participation failure. Why it matters: HPDAM cannot signal hydro/flex scarcity if it never clears; it becomes “intent” data, not a market outcome.
3) Day-ahead to real-time flipped sharply positive on 2026-01-31 8On 2026-01-31, IEX DAM MCP = 2821.20 Rs/MWh while RTM MCP = 3399.37 Rs/MWh (basis +578.17 Rs/MWh). Inference: Such a late-day premium is consistent with tighter balancing needs vs day-ahead expectations, especially when frequency discipline is stressed. Why it matters: A near Rs 0.58/kWh basis can quickly inflate balancing costs for buyers who under-covered day-ahead.
4) Ancillary down-dispatch dominated 2026-02-01 balancing energy 8TRAS Down = -41,945 MWh on 2026-02-01, with average TRAS+SRAS = -1,543 MW across the day. Inference: The system leaned more on downward balancing, pointing to surplus/over-schedule pockets rather than scarcity. Why it matters: Down-dispatch at this scale changes who pays/earns in balancing, and it can distort real-time price signals.
5) Zero ATC/(N-1) breaches, yet a 765-kV corridor saw repeated voltage excursions 8For 2026-02-01, ATC and (N-1) violation counts are 0 on all listed corridors, but Chittorgarh shows 8.13% time outside IEGC band. Inference: Corridor transfer headroom can look “clean” while local voltage control still strains-two different risk surfaces. Why it matters: Voltage excursions are operational risk even when transfer indices say “no constraint.”
6) Frequency softened from Friday to Sunday, with deeper low-end touchpoints 8Average frequency moved from 50.008 Hz (2026-01-30) to 49.992 Hz (2026-02-01); minimum instantaneous on 2026-02-01 hit 49.693 Hz. Inference: The shift is small in average terms but the tail risk (deep dips) is what forces tighter balancing actions. Why it matters: More low-end exposure increases deviation risk for states and raises the system’s need for fast reserves.
7) Southern region reported zero shortage, but deviations diverged across states 8On 2026-02-01, SR evening peak demand 45,803 MW was met with 0 MW shortage, yet state UI energy shows Tamil Nadu -3.72 MU and Karnataka -1.49 MU. Inference: Zero-shortage can coexist with state-level deviation behaviour-the balancing burden shifts internally rather than showing as shortage. Why it matters: Persistent negative/positive UI pockets can become the hidden driver of reserve deployment and settlement friction.
8) A zero-stock captive unit still appears inside the national coal ledger 8On 2026-01-31, SHREE CEMENT LTD TPS (344 MW) shows Actual Stock = 0.0 (‘000 tonnes) and Stock vs normative = 0%. Inference: Even if it’s not a grid-critical ISGS station, zero-stock pockets can worsen local drawal volatility when captive demand flips to the grid. Why it matters: It’s a small-unit signal, but it’s the kind that turns into sudden demand shocks in tight hours. Click on Details for moreDetails
Jan 31: For reference purposes the website carries here the following tenders: 8Tender for work of diversion and height raising of 220 kV transmission line Details 8Tender for work of attending oil leakage from 160 MVA transformer Details 8Tender for repair of plaster, painting and other misc. civil works Details 8Tender for construction of 01 No. 132 kV sunsure solar park Details 8Tender for construction of 132 kV bay at 220 kV S/S Details 8Tender for supply installation testing and commissioning 03 Nos. high mast light Details 8Tender for misc civil maintenance and renovation Details 8Tender for providing additional link feeder-II Details 8Tender for construction and renovation of bridge upstream Details 8Tender for annual maintenance contract of control and instrumentation systems and equipments Details 8Tender for disposal of ash 1000000 M3 to low laying Details 8Tender for restoration of whole sinking Details 8Tender for protective ceramic coating on spiral casing, stay vanes and top cover of all the three generating units Details 8Tender for annual operation and maintenance work of hydro mechanical equipment Details 8Tender for supply, erection, testing and commissioning of frequency protection relay Details 8Tender for supply of various testing instruments Details 8Tender for annual operation and maintenance of water supply system Details 8Tender for replacement of weasel conductor Details 8Tender for supply of numerical over current and earth fault protection relay Details 8Tender for replacement of weasel conductor Details 8Tender for providing and applying liquid rubber waterproofing Details 8Design, engineering, supply & procurement, erection, testing, commissioning & comprehensive operation & maintenance for 5 years for 1000 KWP rooftop solar photovoltaic power project Details 8Tender for upkeeping and carryout routine electrical maintenance for HT/LT motors and LT switchgears Details 8Tender for carrying out up keeping, routine and continuous monitoring of the unit Details 8Tender for carrying out preventive breakdown maintenance works in condenser/ chilled water pumps, pipe line Details 8Tender for routine maintenance, up keeping and cleaning of RWPH, pre filtration plant Details 8Tender for carrying out up keeping routine preventive maintenance attending breakdown works in SWAS chill Details 8Tender for attending leaks in steam pipe lines feed water oil lines Details 8Tender for fabrication and supply of 500 NB 450 NB SS316Gr pipes and fittings Details 8Tender for routine maintenance and break down maintenance of boiler water wall Details 8Tender for electrical work for construction of equipment and structure plinths works Details 8Tender for work of erection of 66kV feeders bay equipment, structures, control wiring etc Details 8Tender for supply of single pole standalone complete materials Details 8Tender for supply of V cross Arm 4.5 feet Details 8Tender for work of stub strengthening of 132kV D/C line Details 8Tender for operation and maintenance services for HVAC and air washer systems Details 8Tender for routine maintenance and breakdown maintenance works in ACW pumps Details 8Tender for upkeeping & routine maintenance and attending minor repair works Details 8Tender for civil work for construction of cable duct Details 8Tender for supply of various instruments for chemical laboratory Details 8Tender for supply of modified IGV of PA Fan NDFV 22B / impeller housing Details 8Tender for rate contract of fabrication, dismantling, replacement, erection, strengthening / modification of various M.S structure Details 8Design, fabrication, supply, installation, testing, commissioning with remote monitoring system of decentrlized solar micro grid system Details 8Tender for solar powered LED street lighting system Details 8Tender for work of LT ABC Details 8Tender for LT ABC work Details 8Tender for replacing old conductor with new LT ABC Details 8Tender for construction of 800 M HT covered conductor and installation of one 100 kVA transformer Details 8Tender for supply of 24765 coils of 6 sq.mm weather proof wire Details 8Design, manufacturing, supply, installation, testing and commissioning of digital governor system with valve table ssembly and auto synchronizer for the 1 X 16 MW PLBE power house Details 8Tender for providing aluminum roofing over the terrace Details 8Tender for generator stator, rotor and exciter replacement and recommissioning job Details 8Tender for annual maintenance contract of 04 nos. centrifugal air compressors Details 8Tender for complete machining of miscellaneous ST components Details 8Tender for misc. civil maintenance and plumbing works Details 8Tender for procurement of spares of DOC-IV controllers Details 8Tender for procurement of spare parts bypass rotameter installed Details 8Tender for supply, installation, testing & commissioning of 33 kV line, 11 kV additional bay, 11/0.433 kV distribution transformer Details 8Tender for supply, installation, testing & commissioning of 33 kV line Details 8Tender for drilling of tube well Details 8Tender for rate contract for empanelment of agencies Details 8Tender for replacement of 636 no. single suspension/tension fitting to double suspension/tension fitting Details 8Tender for procurement of spare parts of M/s KSB pumps condensate extraction pump Details 8Tender for work contract for refurbishment of discharge electrode frames of 02 no. ESP fields Details 8Tender for procurement, installation, testing and commissioning of 02 Nos. passenger lifts Details 8Tender for servicing of HPBP system along with supply of spares Details 8Tender for work of chain link fencing of land Details 8Tender for supply of dirty ait test with iso-kinetic coal sampling of coal mills Details 8Tender for work of overhauling, servicing & supply of spares for 245kV circuit breakers Details 8Tender for work of overhauling/repairing of 11/22/33kV circuit breakers Details 8Tender for work of overhauling/repairing of 11/22/33kV circuit breakers at various Details 8Tender for supply and erection of 200NB SS pipe for TG PHE back wash and header sea water pipe lines Details 8Tender for supply of 11 kV AB switch with PT insulators Details 8Tender for construction of control room foundations, cable trench Details 8Tender for supply and application of corrosion protection lining/coating on external surface of structures Details 8Tender for strengthening work of crusher house Details 8Design, manufacture, testing, supply & delivery of B and S type 90kN and 160kN antifog disc insulators Details 8Tender for manufacture, testing, supply and delivery of master trip relays, trip circuit supervision relays Details 8Tender for manufacture, testing, supply and delivery of SCADA compatible numeric differential relays Details 8Tender for work of renovation of 33 kV yard and dewatering arrangement at 33/11 kV S/s Details 8Tender for work of installation of additional 12.5 MVA power transformer Details 8Tender for work of supply and replacement of defective CT, PT of 11 kV connections Details 8Tender for installation of 2.5 MVA, 33/0.433 kV and 33/11 kV distribution systems Details 8Tender for service order for overhauling of CW pumps Details 8Design, manufacture, supply, erection, testing & commissioning of economizer coil complete assembly Details 8Tender for supply of 11 kV transformer structure material Details 8Design, manufacture, supply, erection, testing & commissioning of economizer coil assembly, LTSH supply tubes & bends and straight tube panels Details 8Tender for running works contract for erection, maintenance and dismantling of electrical networks Details 8Tender for running works contract for loading / unloading of line materials, DTs etc Details 8Tender for supply of spares for ESP Details 8Tender for supply of various electrical AC/DC MCB's installed for control supply maintenance purpose in HT/LT MCC and in different critical auxiliary panels Details 8Tender for work of removal and supply and reapplication of spray thermal insulation during Details 8Tender for rate contract for the work of on line preventive & breakdown maintenance for boiler rotary parts Details 8Tender for work of overhauling/ repairing of 11/22/33kV circuit breakers Details 8Tender for work of overhauling, servicing & supply of spares for 145kV circuit breakers Details 8Tender for biannual contract for restoration under emergency situation of collapsed tower of EHV lines Details 8Tender for conversion of 110kV SC line to 132kV SCDC line Details 8Tender for establishment of 220/22kV GIS Details 8Tender for establishment of 132/22kV GIS Details 8Tender for annual maintenance contract for work of maintenance of switchyard lighting at various substation Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Arunachal cabinet okays hydropower incentives, recruitment and governance reforms Details 8Who are not coal swindlers Details 8Suzlon Energy gets BIG targets from Motilal Oswal, Systematix on strong risk-reward Details 8CEA Mandates strict use of standard transformer specifications for power utilities Details 8NLC India: How this PSU Stock Is turning its power business into renewable energy company Details 8Shyam Sunder Jindal advocates for advanced energy storage solutions ahead of Union Budget 2026 Details 8Top losers among Nifty 50 stocks in midday trade today, Jan 30: Hindalco Industries, Tata Steel, coal India Details 8India Energy demand keeps coal in focus Details 8The moment has come for reliable renewable power Details 8KP Energy wins 99 MW wind project in Gujarat Details 8Blue Energy motors & HPCL partner for battery swapping Details 8BPCL Inaugurates 71 MWp solar plant at Prayagraj during India energy week 2026 Details 8Oswal Greenzo energies wins 5 MW green hydrogen project at deendayal port Details 8India Likely to begin green ammonia exports by 2028 Details 8Bajaj Auto Approves Rs. 12 Crore investment in clean energy project Details 8Beyond Adani: 3 niche power giants quietly wiring India’s Rs 40 lakh crore energy revolution Details 8Kanyakumari nuclear project advances; India studies converting old thermal plants to atomic use Details 8RattanIndia power reports Q3 revenue of Rs billion against Rs 7.33 billion year-over-year Details 8JSW Energy completes the acquisition of tidong power generation private limited Details 8India Inc Q3 revenue growth seen at 6-7%, but operating margin falls 100 bps Details 8Atlanta Electricals wins multiple orders worth Rs.288 crore Details 8India’s cheapest power needs new buyers Details You can also click on Newsclips for moreDetails
Surplus power post PPA: Deadline pushed not the risk boundary
Jan 30: 8It is a balance-sheet optimisation instrument for operating RE assets. 8The real contest will be between forecasting discipline and pricing aggression.Details
Premier Energies wafer plant: Where is the money?
Jan 30: 8Making solar wafers is never easy, only 8Adani has a small quantity going so far 8But this company is saying it is putting in a whopping Rs 5600 crore into building a big wafer plant 8But where is the money? Click on Details for more.Details
Market Round-up
Jan 30: 1) DAM–RTM basis widens as day-ahead price holds a premium 8On 2026-01-29, IEX DAM MCP = Rs 3,150.51/MWh while RTM MCP = Rs 2,910.94/MWh (basis ≈ Rs 239.57/MWh). Inference: buyers stayed willing to lock cost in DAM despite softer RTM, suggesting uncertainty/hedging demand rather than a real-time scarcity spike. Why it matters: a wider basis raises procurement risk for discoms leaning on intraday balancing and can distort “efficient dispatch” signals.
2) A sharp frequency step-down hits mid-morning-without a matching demand shock 8Frequency drops by about 0.34 Hz from 50.23 to 49.89 between 09:00 and 09:15 on 2026-01-29. Inference: the move is too abrupt to be explained by demand drift alone; it looks like a dispatch/imbalance correction event rather than a gradual ramp. Why it matters: step-moves like this tighten the operating margin and can amplify deviation exposure even when the day “looks normal” in aggregates.
3) Solar ramp drives exports with a measurable lag 8Solar jumps by ~7,485 MW in one 15-minute step from 08:45 to 09:00 (28,453 → 35,938 MW) on 2026-01-29. Inference: solar and net interchange show a strong negative lag relationship (|ρ| ≈ 0.60–0.66 over ~15–120 minutes), consistent with rising solar pushing the system toward higher exports after a short lag. Why it matters: export-led balancing is fragile-if inter-regional margins tighten, the same solar ramp can spill into congestion/price volatility fast.
4) East-to-North flows do the heavy lifting-export shows up corridor-by-corridor 8ER↔NR interchange totals show ER net export ~64.1 MU on 2026-01-29 (ER-NR: Import 3.5 MU, Export 67.6 MU, Net −64.1 MU). Inference: The same page flags large max export MW on specific ER-NR links (e.g., 765 kV Gaya–Varanasi max export 1,453 MW). Why it matters: sustained corridor reliance hardens the system into “flow dependency”; when it breaks, prices don’t just move-reliability does too.
5) Market transparency gap: HPX RTM prints zeros while IEX clears real volume 8HPX RTM snapshot shows 0.00 for bids/MCV/cleared volume/MCP across 23/01–29/01/2026, including 2026-01-29. Inference: this is a reporting/data gap, because IEX RTM for 2026-01-29 shows MCV ~146,803 MWh and MCP Rs 2,910.94/MWh (i.e., the market certainly didn’t “go to zero”). Why it matters: any narrative built on cross-exchange price/volume comparison becomes untrustworthy when one feed is blanked out.
6) PXIL RTM also shows blanks-two exchanges missing in the same week 8PXIL RTM report prints “–” for Purchase/Sell/MCV/Scheduled/MCP/Weighted MCP for all days 23-01-2026 to 29-01-2026. Inference: with PXIL and HPX RTM both blank in these attachments, “market-wide RTM behaviour” cannot be stated from non-IEX sources for this window. Why it matters: reporting gaps weaken regulatory and newsroom scrutiny exactly when volatility narratives need hard numbers.
7) Evening ramp is still thermal-led despite meaningful wind support 8All-India thermal in the 15-min table rises from ~113,695 MW (13:45) to ~173,227 MW (18:45): a ~59,532 MW lift into the evening. Inference: wind helps (peaks ~21,458 MW at 18:45), but the scale of the net evening ramp remains structurally thermal-led as solar fades. Why it matters: thermal flexibility, not just RE buildout, is still setting the system’s ramp cost and operational risk envelope.
8) Exports deepen in the solar-heavy afternoon-net interchange hits its daily extreme 8Net interchange reaches its most negative point around 15:15 at ~−2,536 MW (deepest export) on 2026-01-29. Inference: this aligns with the solar-driven surplus window (solar still elevated), matching the observed lagged solar↔interchange coupling from the same 96-block table. Why it matters: export-heavy balancing can mask internal stress until a corridor binds-then the adjustment comes through prices and frequency. Click on Details for moreDetails
Regulatory Updates
Jan 30: 8Tripura tightens rooftop solar payouts while widening grid-level capacity bands Click on Details for more 8Tripura shifts to formula-driven fuel cost regime, easing regulatory lag in tariff recovery Click on Details for more 8Tripura discoms barred from counting spot market buys toward reliability compliance Click on Details for more 8Aviation clearances delay renewable rollout: TERC grants time relief to airport solar project Click on Details for more 8CSERC flags revenue leakage as DSM misinterpretation benefits open access consumers Click on Details for more 8TNERC clears 500 MW pumped storage procurement, allows imported coal pass-through Click on Details for more 8Mundra HVDC cost sharing dispute could reshape treatment of dedicated links in pooled tariffs Click on Details for more 8CERC tells wind developer: PPA terms can’t be bypassed through grid code relaxation Click on Details for moreDetails
Miscellaneous Update: Part I
Jan 30: 8Government formally carves out coking coal in mining law Click on Details for more 8Centre expands formal pool of certified coal exploration agencies Click on Details for more 8WBSETCL posts Rs 656 crore income, keeps losses well below norms Click on Details for more 8Payroll recalibration begins as Karnataka notifies profession tax revision Click on Details for more 8Distribution material vendor ecosystem widens as RDSS drives multi-category sourcing at KSEBL Click on Details for more 8Rajasthan transmission utility logs Rs 5,173 crore capex plan for FY26 Click on Details for moreDetails
Miscellaneous Update: Part II
Jan 30: 8Telangana regulator seeks auditor-certified allocation for Yadadri capital cost; TGGENCO cites Rs.20,444.54 crore BHEL EPC orders. Click on Details for more.
8Shared distribution networks and capped unauthorised-use assessment proposed in power law rewrite. Click on Details for more.
8Renewable pipeline: 1,57,800 MW under construction; pumped storage 11,620 MW and BESS 9,653.94 MW underway; 97,000 MW new coal capacity. Click on Details for more.
8Wind manufacturers push indigenisation and policy stability amid geopolitically uncertain environment. Click on Details for more.
8ICICI Securities sets BEL target at Rs.530 as order backlog stands at Rs.73,015 crore in Dec’25. Click on Details for more.
8IREDA frames co-lending and long-tenor debt as its tool to scale renewables and rooftop segments. Click on Details for more.
8Reliance Power’s 3,960 MW Sasan project closes rated loans, prompting withdrawal of ICRA grades. Click on Details for more.
8US gas power pipeline hits 252 GW, with over a third tied to on-site data centers. Click on Details for more.
8L&T order book hits Rs.7.33 lakh crore as Q3 inflows jump 17% led by international wins. Click on Details for more.
8ABB crosses $10.3 billion quarterly orders as data centers drive electrification surge. Click on Details for more.
8REC market clears below offered supply as PXIL records 24.64 lakh sell offers in one session. Click on Details for more.
8SAEL Solar’s fixed Rs.2.60/unit SECI PPA anchors rating; DSCR seen at 1.27x. Click on Details for more.Details
Power Committee Updates
Jan 30: 8Emergency TRAS ballooned while SCUC support collapsed: Eastern pool turned sharply more ‘receivable’ in the latest week Click on Details for more 8Eastern Region’s “part-load compensation” is becoming a structural transfer: With West Bengal repeatedly underwriting the bulk of the FY bill Click on Details for more 8WR’s maintenance calendar is no longer “routine”: It’s turning into a corridor-by-corridor reconditioning campaign, with Aurangabad and Raigarh-PS carrying the operational consequence Click on Details for more 8RTV coating of polymer CTs at Aurangabad is not a one-off-it’s a series Click on Details for more 8WRLDC just tightened the spotlight on ramp discipline-two consecutive assessment releases, but the real dataset is sitting outside the statement as who is under-delivering flexibility, who is improving, and where WR’s ramp headroom is structurally constrained-remains off-page Click on Details for more 8WRPC’s NTPC gas fleet flipped from “mixed-cycle” to near-pure open cycle in Oct-on sharply lower generation. Open-cycle-heavy operation typically indicates peaking or flexibility calls, but here it coincides with very low energy volumes, raising questions on how often the assets are being used versus how they are being positioned operationally Click on Details for more 8December flips WR into a higher-burn, higher-import month: Coal and demand surge-yet the “stress markers” (frequency dip time + shortfall) quietly worsen Click on Details for more 8WR outage calendar is being “managed” around peak demand rather than engineered around system resilience - and the paperwork shows the strain Click on Details for more 8From partial compliance to binary extremes: WR frequency response turns all-or-nothing in October Click on Details for more 8WR’s “critical asset map” goes formal: compliance-driven grid governance tightens around lines, reactors, HVDC, FACTS and black-start readiness Click on Details for more 8NER’s outage calendar is quietly turning into a system-security stress test - with Bongaigaon/Balipara/Misa at the centre Click on Details for more 8Deviation charges: WR–NR stayed the grid’s cash magnet - but “discipline leadership” flipped sharply from Delhi to Haryana as renewables/QCAs turned from earning to bleeding Click on Details for more 8Reactive discipline tightens in the North, but Rajasthan–UP voltage stress hardens into a structural pattern Click on Details for more 8NR’s emergency-TRAS hangover is easing-but SCUC flips the bill back onto the big thermal block Click on Details for moreDetails
Company updates
Jan 30: 8REC posts Q3 net profit Rs 4,043 crore and writes off Rs 709.78 crore loan under IBC plan execution. Click on Reports for more. 8NTPC flags four senior exits on superannuation, including executive director Aditya Dar. Click on Reports for more. 8Adani Power’s call presentation highlights Q3 FY26 PAT at Rs 2,488 crore. Click on Reports for more. 8ACME Solar Holdings flags Rs 500 crore enhancement in rated bank facilities, rating unchanged at AA-. Click on Reports for more. 8IEX flags Q3FY’26 market-clearing prices down to Rs 3.22–3.26/unit as volumes hit 34.1 BUs. Click on Reports for more. 8Clarion Wind Farm contracts Suzlon for 3×2.1 MW WEGs; completion deadline stated as June 30, 2026. Click on Reports for more. 8Indowind Energy’s Dec-quarter revenue stated at Rs 1,755.40 lakh; profit after minority interest Rs 42.14 lakh. Click on Reports for more. 8Indowind seeks to change rights issue spending plan: Raises eyebrows. Click on Reports for more. 8TD Power Systems flags Rs 18,45 crore order book as exports dominate inflows. Click on Reports for more. 8Inox Leasing and Finance Limited lifts promoter holding in IGESL to 60.13% after warrant-linked allotment. Click on Reports for more. 8TD Power Systems assigns Ramya Ramesh dual remit—sales and project execution (motors) plus IT. Click on Reports for more. 8HPL Electric launches ‘Neeram Pulse’ smart water meter, opens Gurugram plant for ultrasonic and multi-jet units. Click on Reports for more. 8KPI Green Energy ties revenue ramp to long-term GUVNL offtake as 240 MW DC plant begins injection. Click on Reports for more. 8Borosil Renewables Limited targets Dec 2026 commissioning for Rs 950 crore solar-glass expansion. Click on Reports for more. 8Indosolar reports independent director Shiv Kumar Agarwal resigns. Click on Reports for more. 8Surana Solar posts Q3 profit after tax of 21.91 lakhs. Click on Reports for more. 8RMC Switchgears Limited issues 25,050 ESOP shares. Click on Reports for more. 8Vedanta Limited discloses Rs 474 crore Cambay PSC exposure; Delhi HC orders status quo on January 6, 2026. Click on Reports for more. 8Vedanta signals board-level HR leadership reset. Click on Reports for more. 8L&T says no fresh disclosure on Holtec and Clean Core Thorium MoUs. Click on Reports for more.Details
Contracting news for the day: Part-1
Jan 30: PSPCL 300 MW EPC-plus-land tender extends bid window, shifting price calculus and delivery risk 8Three sequential deadline extensions and a final push, materially lowering land-aggregation uncertainty for bidders. 8The contractual terms remain unchanged: land and a three-year O&M obligation stay bundled with EPC, concentrating early-life risk on the contractor. 8The key question is whether the extra time produces deeper competition.
Timelines stretched for again high-voltage GIS packages at 400 kV and 220 kV levels 8This signals technical caution over speed. 8High-voltage GIS is unforgiving of weak pre-bid alignment. 8The owner appears willing to trade time for technical certainty. 8The downstream effects are subtle but material.
Serial bid extensions stretch 400/220 kV GIS EPC into a four-month procurement marathon 8A high-capacity GIS sub-station should test engineering, not procurement stamina. 8The tender has quietly accumulated six deadline extensions without touching scope or terms. 8The pattern raises sharper questions than any corrigendum ever could. 8The project hinges on seamless GIS and live-line LILO integration. 8Extended bidding does not reduce this risk, it redistributes it.
Repeated bid date extensions tighten the spotlight on bidder readiness for this 132/33 kV GIS project 8The owner has pushed the submission deadline again. 8The move looks procedural, but the timing reveals deeper signals about bidder preparedness and OEM alignment. 8What it ultimately means for competition and pricing lies beneath the surface.
BHEL extends deadline for clubbed DG EOT cranes across five thermal power projects 8A quiet date extension in a heavy-lift crane tender reveals more than a scheduling tweak. 8When five power stations are bundled into one procurement, timelines become a strategic lever. 8The implications run deeper than the calendar.Details
Feb 03: Contracting news for the day: Part-1:Details