Rs. 254 crore award resets the pricing floor for GeM-based mining services. OCM outsourcing tender: Quietly shifts production risk. This GIS scope collapses substation and line energisation into one 18-month taking-over clock. Kerala state electricity awards Rs. 674 crore turnkey distribution package. Solar locks 1200 MW of firm solar-storage capacity under ISTS-XXI. Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day. Storage classification triggers legal alarm. Utility challenges CERC’s depreciation timeline for battery storage. Battery ageing enters tariff battlefield. CEA stays neutral on tariff draft but flags hydro definition gap. Kerala: Utility braces for retirement surge exceeding 1,000 employees. Telangana: Market purchases double approved benchmark cost. CERC vs. Powergrid-I: There are many fault lines. Company Updates. Contracting news for the day: Part-1. Contracting news for the day: Part-2. Regulatory Updates: Part I. Regulatory Upadate: Part II. UPERC Regulatory Upadate. CERC vs. Powergrid-II: High stakes game. Market Round-up. Miscellaneous Update: Part I. Miscellaneous Update: Part II. Power Committee Updates. Daily forward looking import matrices. Download tenders and newclips. Download tenders and newclips. NHPC’s Parbati-II tariff recovery curbed amid massive delay overhang. Cummins India’s Flat Revenue Masks a Margin Boost — But the Driver Isn’t Clean. Kerala moves to lock long-term power adequacy under binding planning rules. Kerala mandates 24x7 supply, auto-compensation, and strict reliability tracking. D.B. Corp’s rooftop solar push collapses. Cross-border transmission asset locked into revised tariff discipline through 2029. Northern grid disturbances shift from equipment failures to inverter-driven instability between December and January. India’s grid absorbs a 5.5 BU winter demand surge without slipping into shortage. Parliamentary Briefs. Market Round-up. Power Committee Updates. Company updates. Miscellaneous Update: Part I. Miscellaneous Update: Part II. Regulatory Updates: Part I. Daily forward looking import matrices. Download tenders and newclips. Who says gas based units do not run in the winters? . NERPC’s commercial agenda enters a harder phase: Dispute-resolution to structural stress management. Yadadri tariff battle sharpens as TGENCO defends Rs 36,000-crore cost surge. Coal quality at stake: Coal Controller tightens RFQ scrutiny for coal testing agencies. KSERC ties APTEL payment rollout BSES Kerala Power to Supreme Court deposit compliance. TNERC blocks retrospective clawback of captive solar adjustment charges. TNERC strikes down TNPDCL EMI defence, orders full wind dues with interest. TNERC orders Rs 6 crore refund to ITC but drops contempt case. India opens virtual renewable contract market under CERC oversight. CERC validates GST and bird-diverter shocks as solar tariff change-in-law events. MTL obligation drops sharply in December but cost inefficiency persists in SCED recovery. Daily forward looking import matrices. Company Updates. Miscellaneous Update: Part I. Miscellaneous Update: Part II. Regulatory Updates: Part I. Regulatory Upadate: Part II. Market Round-up. Power Committee Updates. Download tenders and newclips. . 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.
Rs. 254 crore award resets the pricing floor for GeM-based mining services
Feb 09: 8A Rs. 254 crore award has landed far below the rest of the competitive band, creating a 28–32% pricing gap in a risk-heavy mining services package.Details
OCM outsourcing tender: Quietly shifts production risk
Feb 09: 8This OCM tender looks like a routine handling-and-transport package, but it is actually a bundled production outsourcing contract.Details
This GIS scope collapses substation and line energisation into one 18-month taking-over clock
Feb 09: 8The schedule is written as if GIS, civil works, and transmission lines share the same critical path. In reality, they don’t — and that mismatch is where claims are born. 8And the utility has made the contractor own the integration risk without explicitly saying so.Details
Kerala state electricity awards Rs. 674 crore turnkey distribution package
Feb 09: 8KSEB has awarded the turnkey distribution infrastructure package at an aggregate value of Rs 674 crore. 8The tender attracted only two bidders through the technical stage, narrowing competitive price discovery in a high-value turnkey format. 8The BOQ-wise outcome indicates a controlled pricing contest rather than an aggressive undercut.Details
Solar locks 1200 MW of firm solar-storage capacity under ISTS-XXI
Feb 09: 8Solar award compresses solar-plus-storage pricing into a band once reserved for plain solar. 8Only one-fifth of offered capacity survives the tariff guillotine. 8The real test now shifts from bidding rooms to construction sites and balance sheets.Details
Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day
Feb 09: 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
Storage classification triggers legal alarm
Feb 09: 8This utility argues that energy storage has no statutory identity under the Electricity Act and folding it into existing asset categories is described as legally unsound. Click on Details for moreDetails
Utility challenges CERC’s depreciation timeline for battery storage
Feb 09: 8Shorter financial recovery periods could deter private investment. Click on Details for moreDetails
Battery ageing enters tariff battlefield
Feb 09: 8Generators argue that ignoring degradation distorts both performance metrics and financial recovery. Click on Details for moreDetails
CEA stays neutral on tariff draft but flags hydro definition gap
Feb 09: 8The authority’s silence on broader provisions contrasts with its precise technical insertion. Click on Details for moreDetails
Kerala: Utility braces for retirement surge exceeding 1,000 employees
Feb 09: 8The scale signals demographic turnover inside the organisation. Click on Details for moreDetails
Feb 09: 8The regulatory question now is whether price volatility qualifies as uncontrollable. The decision will shape future market reliance norms. Click on Details for moreDetails
CERC vs. Powergrid-I: There are many fault lines
Feb 09: 1) Regulator reopens capitalisation claims from previous tariff block for solar transmission case 8Past approvals are not being treated as automatic precedents.
2) Regulator demands proof behind transmission cost escalation 8CERC has formally acknowledged that the Eastern Region Expansion Scheme project experienced cost overrun and has asked the utility to clarify whether revised cost approval is underway.
3) CERC tightens scrutiny on PGCIL solar interconnection transmission tariff claim 8Time overrun explanations and potential liquidated damages adjustments have become central risk variables.
4) Regulator demands loan-level interest proof for tariff approval 8CERC has asked Powergrid to disclose exact floating interest rates sourced from its loan compendium.
5) Regulator seeks appeal status of Tehri PSP before clearing transmission cost claims 8The regulatory rationale for linking appeal status to tariff approval is not explicitly stated.
6) CERC intensifies cost and delay scrutiny on Rajasthan REZ transmission project 8The broader signal points to a tightening regulatory stance on renewable transmission infrastructure cost validation.
7) CERC tightens scrutiny on Powergrid tariff claims for eastern split-bus assets 8The Central Electricity Regulatory Commission has escalated data scrutiny in Powergrid’s transmission tariff filing covering both the 2019–24 truing-up cycle and the 2024–29 control period.
8) Regulator questions capital cost trail for seven PowerGrid telecom transmission assets 8The scrutiny spans both the 2019-24 and 2024-29 tariff periods and beneficiaries may face tariff uncertainty if cost recognition is delayed.
9) Regulator demands loan computation transparency from Powergrid NE transmission tariffs 8The directive raises the compliance bar for tariff filings as transmission financiers and auditors are indirect stakeholders.
10) Regulator demands ACE breakdown before tariff approval moves ahead for Powergrid OPGW tariff petition 8Transmission licensees now face tighter validation on post-commissioning expenditure and financial closure for minor communication assets may slow.
11) CERC flags cost, delay, and financing gaps in Nalagarh ICT tariff case 8Revised capital cost, interest during construction, and liability schedules have been placed under direct scrutiny.
12) CERC flags delay scrutiny in solar-linked transmission tariff case 8Power Grid has been asked to justify time overruns and provide detailed financing cost disclosures before tariff determination proceeds.
13) CERC halts tariff scrutiny pending cost, IDC and delay disclosures in this interstate transmission project 8The directive targets assets linked to renewable generator connectivity at Bikaner-II, a node central to Rajasthan’s green power evacuation corridor.
14) CERC flags cost escalation risks in Powergrid’s North East communication tariff petition 8Beneficiaries and regional utilities could face delayed tariff certainty if responses are deemed insufficient.
15) Regulator demands loan-wise interest workings for Northern Region fibre-optic strengthening scheme 8This shifts scrutiny directly onto financing assumptions underlying capital cost recovery.
16) CERC flags cost overrun in Powergrid’s Hosur ICT tariff petition 8This is after noting an overrun against earlier financial approvals for the 2024–29 control period. Click on Details for moreDetails
Company Updates
Feb 09: Siemens Limited’s Smart Infrastructure segment drove results while Mobility margins stayed thin. 8That means Siemens’ profitability is increasingly concentrated in Smart Infrastructure rather than broadly distributed across divisions. Click on Details for more.
Azad India Mobility Limited’s quarterly sales rebound still sits far below last year’s base. 8If the company cannot re-expand toward that earlier revenue level, profitability improvements risk becoming a low-base optical effect rather than a durable operating reset.
CESC: Generation falls 4% while power purchase rises, shifting the profit mix away from owned supply. 8This means more of the unit economics may be coming from bought power rather than owned generation, which can alter margin stability depending on procurement terms and regulatory pass-through.
GMR Power and Urban Infra’s GKEL fair value depends on dispute settlements and expansion assumptions, not disclosed performance proof". 8That means a meaningful portion of “value” is effectively a bet on claim resolution and operational ramp-up, which are both execution- and adjudication-dependent.
Auditor’s internal control warning undermines Om Infra Limited’s claim of stable execution discipline. 8This means the company’s accounting systems are being questioned at the same time it reports improved quarterly profitability.
"Solarworld Energy Solutions goes to Delhi High Court after SGEL contract suspension and conditional bank guarantee invocation". 8That means the counterparty relationship has moved from execution friction into a court-protection phase, which usually reflects a breakdown in commercial resolution.
Zelio E-Mobility denies any undisclosed trigger behind the share price move. 8It states there is no event or information, including any impending announcement, that may have a bearing on the price or volume movement.
Indian Renewable Energy Development Agency Limited’s Rs 2,994 crore QIP plan caps government dilution at 3.76% 8That means the capital-raise structure is being engineered around ownership optics as much as balance-sheet funding.
Waaree Renewable Technologies Limited’s bank loans get ‘rating watch’ tag . 8That means the market is being told the rating outcome is in flux, with a developing trigger that is not described in the exchange filing.
G R Infraprojects Limited’s profit rose, but the quarter’s tax bill jumped even faster. 8That means the post-tax outcome is materially more fragile than the pre-tax headline implies because a tax swing can erase a meaningful portion of net profit.
Bajel Projects Limited won a ?400 crore order . 8The scope is heavy on 765 kV line construction, which can turn into a right-of-way risk story
ACME Solar Holdings Limited highlights AA- rating for subsidiary debt, not parent balance-sheet strength . 8That means the credit headline is structurally ring-fenced inside one project SPV rather than reflecting consolidated leverage comfort.
Union Budget language drives the merger narrative, while the filing avoids the word ‘timeline’ entirely. 8The catalyst is not a deal document, but a budget speech line that the board treats as a trigger.
Torrent Power adds a Rs 2,000 crore NCD programme, but the filing reads like a reaffirmation note. 8That means the credit signal is stability, while the incremental news is capacity to raise more long-term debt under an unchanged rating band.
ACME Solar Holdings Limited announced a 301 MW FDRE win. 8The bid requires delivery of 4 MWh per MW during non-solar hours with 70% monthly and 85% annual availability obligations.
Star Delta Transformers Limited’s ?53.3 crore revenue hides that profit fell 48% sequentially. 8It means the operational narrative is fragile because higher sales did not protect earnings momentum.
HBL Engineering Limited’s Q3 revenue fell 28% sequentially, turning last quarter’s surge into a fade. 8That means the headline narrative is not “momentum” but volatility, with earnings power swinging by quarter even as the company keeps reporting profits.
Quality Power Electrical Equipments Limited claims ‘no deviation’ while deferring capex and M&A timelines. 8That means compliance is being defined narrowly as “not changing objects,” while execution slippage is still occurring in the use-of-proceeds plan.
Ujaas Energy Limited tells exchanges price movement is ‘market-driven’ and denies any undisclosed event". 8 It states it has not withheld any material information that would have a bearing on the price or volume of its shares and attributes the movement to market conditions.
Sarda Energy & Minerals Limited’s Q3 profit fell 42% sequentially despite a ‘resilient’ press release tone. 8That means the core quarterly signal is contraction, not resilience, and the narrative is doing more work than the numbers Details
Contracting news for the day: Part-1
Feb 09: HPSEBL extends RDSS Shimla circle distribution tenders to 10 Feb, resetting the bid clock 8The move is not just a calendar tweak — it reshapes bidder pricing discipline and participation dynamics in a terrain-heavy EPC package.
Resource adequacy consulting tender tightens technical gates but exposes EMD contradictions 8JERC’s resource adequacy tender is structured like a regulatory production contract, not a standard consulting engagement.
HVPNL extends bid deadline for 132 kV line re-alignment linked to integrated aviation hub at Hisar 8HVPNL has pushed the bid deadline for the Hisar 132 kV line shifting package without changing a single commercial term.
Double bid extension tightens the spotlight on MGR manpower economics 8The owner has extended this GeM tender twice, but the real story sits inside the scope packaging. 8What looks like facility management is structurally a coal logistics operations manpower contract with consumables pushed onto the contractor.
30 MW/75 MWh BESS tender quietly shifts storage from EPC procurement to a financing-and-performance contract 8The bid is being sold as a tariff tender, but its real weapon is the VGF release structure. 8The project forces bidders to finance and operate like an IPP while still carrying grid-integration liabilities like an EPC contractor. 8The clauses look standard until you map where cash actually unlocks.Details
Contracting news for the day: Part-2
Feb 09: This composite tender hard-filters bidders with Rs 8.84 crore EMD and tight turnkey interface risk 8The contract quietly shifts commissioning risk by bundling 400 kV evacuation works and 132 kV mixed OH-UG execution into a single turnkey accountability frame.
MSETCL hardens the TBCB playbook with pre-bid tie-ups for the Balsane AIS project 8MSETCL is quietly changing how risk enters the tariff equation. 8The Balsane AIS project forces bidders to lock execution logic before price discovery. 8This single notice could reshape who wins — and who even dares to bid.
400 kv GIS extension tender ties Navi Mumbai ICT augmentation to 1100 MW connectivity push 8The tender looks standard on the surface, but the real risk will sit in outage sequencing, interface scope, and commissioning accountability.
9th re-tender for 50 MVA augmentation exposes persistent execution-risk mismatch 8The transformer is client-supplied, but the contractor still carries the highest-liability segment: energisation, bay integration, and commissioning at two substations. KSEB’s 20 mva transformer tender tightens delivery control and shifts logistics risk onto OEMs 8KSEB’s latest 20 mva transformer package is not just a supply order — it is a 19-month production programme disguised as a tender. 8The real filters are buried in the delivery logic, banking exposure, and the DSC test gate that quietly separates mature OEMs from everyone else.Details
Regulatory Updates: Part I
Feb 09: 1) GERC freezes wind PPA cost dispute pending Supreme Court curative verdict 8The case also highlights how curative proceedings at the national level can stall state-level regulatory enforcement.
2) Gujarat regulator shuts down capacitor billing plea on jurisdiction grounds 8The decision signals a tightening of procedural discipline and a rejection of attempts to convert regulatory forums into public-interest grievance platforms.
3) Wind industry body withdraws GERC connectivity challenge after new procedure approval 8For renewable developers, the spotlight now moves to how the new connectivity regime will be interpreted and contested in future forums.
4) GERC closes hybrid tariff petition after earlier framework already settled issue 8It also signals that transitional gaps between policy announcements and tariff notifications will not automatically justify interim commissioning rights.
5) Regulator shuts down legacy solar tariff claim after Supreme Court precedent 8The decision reinforces judicial finality in tariff interpretation disputes. For legacy renewable projects, it signals that post-judgment revival attempts face steep legal barriers.
6) Chhattisgarh launches multi-year tariff reset across power value chain 8The regulatory cycle now underway will shape cost flows and tariff structures across Chhattisgarh’s electricity ecosystem for multiple years.
7) DVC: Past cost gaps return to the table 8This shifts the debate from just future projections to legacy financial performance as consumers could see delayed cost adjustments surface in upcoming orders.
8) Regulator begins cost true-up for past Tata utility operations 8The outcome will decide whether utilities recover shortfalls or return excess collections.
9) Regulator opens last consultation gate before tariff rule rewrite 8Generators, transmission licensees, and bulk consumers now face a narrow window to defend cost recovery positions.
10) UPPCL warns revised norms may weaken DISCOM cost recovery 8The utility argues this would strain already fragile state distribution finances.
11) Utility challenges storage tariff framework, seeks tighter regulatory control 8A major state utility has questioned the legal and financial architecture proposed for integrating energy storage into India’s central tariff framework.
12) Legacy control systems enter fresh tariff cycle 8Digital grid control infrastructure commissioned nearly a decade ago is now financially reset for another five-year period.
13) MAT-linked RoE shield protects transmission returns 8Despite capital corrections, return on equity remains insulated through tax gross-up using notified MAT rates and this preserves investor returns irrespective of tax regime variability.
14) Delay shadow hangs over RE transmission build-out in Rajasthan 8This timing shift raises regulatory focus on whether cost overrun justifications will hold as beneficiary utilities now face tariff flows tied to delayed infrastructure.
15) Regulator wipes out delay risk for NER assets 8The Commission ruled there was no time overrun in the commissioning of all three assets and this removes exposure to delay-linked cost disallowance. Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 09: 81) Bihar SLDC filing moves to “reserved order” stage after Patna hearing on 6 February 2026 Click on Details for more
82) Bihar Commission reserves decision on BSPTCL’s FY2026-27 transmission tariff and ARR petition Click on Details for more
83) Bihar RE generic tariff for FY2025-26 heads to final order after only BSMA files comments Click on Details for more
84) BSHPCL true-up for FY2016-18 hits “readable annexure” gate as Bihar Commission reserves decision Click on Details for more
85) SBPDCL gets 15 Feb deadline to answer Rs 0.35/unit hike objections as Bihar tariff hearing closes Click on Details for more
86) Bihar tariff record reserves order but mandates NBPDCL response loop on objections by 15 February 2026 Click on Details for more
87) Bihar clears SLDC capex plan but rings-fences R&M elements in Rs 17.75 crore project basket Click on Details for more
88) Uttarakhand regulator opens tariff consultation with four public hearings from 18–27 February 2026 Click on Details for more
89) Maharashtra State Electricity Distribution Company Limited (MSEDCL) review case sees repeated Pune objector roster in de novo hearing record Click on Details for more
810) Maharashtra State Electricity Distribution Company Limited (MSEDCL) review hearing record repeats Amravati objector list without tariff detail Click on Details for more
811) Bihar State Power Holding Company Ltd. (BSPHCL) gets 190 MW peak-power approval at Rs 4.72/kWh Click on Details for more
812) DERC cuts BSES Yamuna Power Ltd. (BYPL) PPAC claim to 2.96% for 09.02–08.05.2026 Click on Details for more
813) Bihar regulator clears BSPTCL 64-project capex plan, but locks cost scrutiny to truing-up gates Click on Details for more
814) Bihar State Power Holding Company Ltd. (BSPHCL) gets 450 MW FDRE cleared at Rs 6.74/unit, CERC adoption rider Click on Details for moreDetails
UPERC Regulatory Upadate
Feb 09: 81) UPERC rejects Section 142 plea, underlines no power to quash FIRs or entertain writ petitions Click on Details for more
82) UPERC clears Ghatampur Transmission’s security package, but bars licence transfer without fresh approval Click on Details for more
83) UPERC admits KGBB Agritech’s plea to route power from Unit-2 to Unit-1, sets April hearing Click on Details for more
84) UPERC lets South East U.P. transmission firm add 233-day SCOD extension prayer, sets April hearing Click on Details for more
85) NPCL’s tariff filing moves to consultation stage; UPERC flags TVS issues and further data directions Click on Details for more
86) UPERC keeps Supply Code interpretation issue open, grants Ayesha Steel time to supplement pleadings Click on Details for more
87) UPERC demands consolidated report for 474 obligated entities, ties compliance monitoring to quarterly reports Click on Details for more
88) UPERC gives Jubilant Pharmova a final four-week window to justify Supply Code exemption against NPCL Click on Details for more
89) UPERC admits State DISCOM ARR filings, orders public notice within three working days Click on Details for more
810) UPERC admits NIDP Developers ARR petition, condones five-day delay under fees and fines regulation Click on Details for more
811) UPERC fixes 12 March hearing on Lalitpur Power Generation’s interest/carrying cost claim against UPPCL Click on Details for more
812) UPERC sets 12 March hearing on Lalitpur Power Generation’s interest/carrying cost claim on 03.06.2022 dues Click on Details for more Details
CERC vs. Powergrid-II: High stakes game
Feb 09: 1) Regulator tightens data scrutiny for AGC redundancy transmission assets 8Transmission cost recovery now hinges on documentary precision.
2) Regulator seeks fresh cost proof for Delhi substation project from Powergrid 8The demand targets legacy capital expenditure now being trued up.
3) Regulator seeks RLDC proof before recognising asset charging 8The Commission has demanded a formal RLDC charging certificate, placing operational proof at the centre of tariff admissibility for Delhi transmission assets.
4) Date discrepancy in NCT approval triggers regulatory scrutiny 8The Commission has questioned inconsistencies in the reported date of the 28th NCT meeting in Powergrid Hassan ICT tariff.
5) CERC flags data gaps in ERSS-XV tariff filing, seeks detailed financial disclosures 8The move reinforces CERC’s sharper focus on data integrity before approving multi-year transmission tariffs.
6) Regulator reopens legacy capitalisation trail tied to transmission cost recovery tied to the Rihand system 8This raises questions over whether earlier deferrals are being repeatedly rolled forward.
7) Regulator flags financial model gaps in Powergrid tariff filing for this transformer upgrade 8The regulator is signaling that spreadsheet-level traceability is now mandatory.
8) CERC halts ERSS-XIV tariff process pending fresh cost and asset disclosures 8The development underscores rising regulatory emphasis on documentation discipline in multi-year transmission cost recovery.
9) Regulator demands delay accountability in RE transmission project 8CERC has ordered Powergrid to produce detailed, activity-wise delay explanations for four transmission assets linked to renewable evacuation.
10) CERC flags data gaps in Powergrid’s Bhadla transformer tariff petition 8The move places the Bhadla pooling station upgrade under intensified regulatory scrutiny just as the sector transitions into the 2024–29 control period.
11) Regulator questions cost escalation in southern grid upgrade 8The Commission has formally acknowledged that the project cost has exceeded earlier apportioned benchmarks
12) Regulator demands dual-period financial forms for Itarsi–Dhule transmission tariff 8This suggests the Commission is validating continuity between legacy capitalisation and new control-period claims.
13) Regulator demands COD proof for key Northern transmission communication asset 8This affects capitalization timing and associated depreciation and return claims. Beneficiary utilities could see delayed cost pass-through if approval is deferred.
14) CERC halts tariff processing for Indore fault-level control scheme 8By demanding revised cost estimates, spares accounting, and delay justifications, the Commission has signaled tighter verification before capital cost recognition.
15) Delay justification becomes central fault line in Pune ICT tariff review 8The regulator is not accepting aggregated delay narratives and instead seeks activity-level scheduling evidence.
16) CERC flags data gaps in Powergrid’s western region communication upgrade tariff plea 8The Commission has demanded fresh disclosures on cost financing, construction delays, and interest calculations before it proceeds further.
17) CERC flags data gaps in Bhutan-linked transmission communication tariff case 8By calling for liability flow statements, cost forms, and justification for time overruns, the regulator is signalling heightened scrutiny over capital efficiency and schedule discipline.
18) CERC flags cost and IDC gaps in Powergrid’s ERES-XXXI tariff bid 8This indicates potential divergence between original filings and prudence expectations Click on Details for moreDetails
Market Round-up
Feb 09: 1) Liquidity vanished on two venues as real-time hit the cap 8On 2026-02-07, real-time MCP touched Rs 10,000.00/MWh at 07:00 (T29), while two other venues printed zero/blank through the same blocks. Inference: participation concentrated into one marketplace, turning early blocks into a thin-liquidity spike zone (price cap with no offsetting depth elsewhere). Why it matters: when liquidity fragments, a single venue’s scarcity prints become the de-facto national reference, amplifying procurement risk for intraday balancing.
2) Day-ahead lost the plot against real-time before breakfast 8On 2026-02-07 at 06:45 (T28), real-time MCP surged to Rs 9,999.32/MWh while day-ahead at the same block was Rs 4,600.01/MWh (basis +Rs 5,399.31/MWh). Inference: the shock is intraday-specific (not “priced in” day-ahead), consistent with a sudden balancing shortfall rather than a gradual demand trend. Why it matters: a +Rs 5.40/kWh basis is a direct cost escalator for buyers leaning on RTM to correct schedules.
3) An afternoon price floor cracked despite normal day-ahead levels 8On 2026-02-08 at 15:45 (T64), real-time MCP collapsed to Rs 188.38/MWh (Rs 0.19/kWh) while day-ahead for the same block stayed at Rs 1,767.00/MWh. Inference: the drop looks like a localized surplus pocket (or aggressive sell bidding) that RTM cleared but DAM did not reflect at the same granularity. Why it matters: extreme intraday downside can destabilise dispatch incentives-good for opportunistic buyers, risky for flexible generators counting on shoulder-hour revenues.
4) Real-time prices fell when volumes rose-consistently, not occasionally 8Across 2026-02-06 to 2026-02-08, real-time MCP and real-time cleared volume moved inversely in the same blocks (lag 0 correlations: ρ≈-0.43, -0.52, -0.79 by day). Inference: higher cleared volumes coincided with lower scarcity pricing, suggesting RTM tightness was driven by “thin” periods rather than uniformly high demand. Why it matters: risk management should watch liquidity/participation as much as demand-thin blocks can be costlier than peak blocks.
5) Renewables carried the peak, but the system still leaned on balancing 8On 2026-02-07 (solar hours 07:00–17:00), max demand met was 235,957 MW at 09:43, with wind 4,507 MW (1.91%) and solar 57,834 MW (24.51%)-total VRE 62,340 MW (26.42%). Inference: even with VRE >26% at peak, the market still showed severe intraday stress earlier that morning, pointing to timing/ramps rather than “not enough energy.” Why it matters: policy focus shifts from adding MWh to ensuring flexible MW-otherwise volatility survives even on “good renewable” days.
6) Pumped storage turned net-pumping even with zero peak shortage flags 8For 2026-02-08, the PSP daily report shows Peak Shortage (MW) as 0, while the Schedule(MU) line contains negative entries (net pumping) alongside positive ones. Inference: PSP was used for energy shifting/market economics (charging during softer blocks), not as an emergency shortage plug. Why it matters: PSP behaviour can steepen intraday spreads-supporting low-price valleys and setting up sharper peaks when discharge is reserved.
7) North thermal missed the day’s program-hydro didn’t fully cushion it 8On 2026-02-05, Northern Region thermal generation was 776.60 MU vs program 970.79 MU, while hydro was 107.50 MU vs program 115.62 MU. Inference: the thermal shortfall is large enough that any next-day scheduling reliance would push buyers toward intraday correction, raising exposure to RTM spikes. Why it matters: when the base slips, balancing costs rise first-and they show up as volatile intraday MCP, not as a neat monthly adjustment.
8) Coal stress showed up as “zero cover” flags at a large station 8On 2026-02-07, a 1,320 MW station line shows PLF at 0% and “Stock vis-à-vis normative” printed as 0.0, with receipt and consumption also printed as 0.0 (flagged line item). Inference: this looks like a non-running/constraint condition with coal logistics not flowing that day-exactly the kind of hidden fragility that can spill into short-notice balancing. Why it matters: even isolated stoppages reduce system slack; the market then prices “surprise scarcity” into a handful of blocks at punitive rates. Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 09: 1) India’s ISTS transmission losses ease as renewable-heavy daytime flows improve grid efficiency 8The most loss-intensive periods remain early-morning low-load hours and evening ramp windows, where directional stress and reactive flows typically rise.
2) Nighttime loss volatility remains structurally high 8Loss swings in late night blocks remain wide, often crossing 5%. This volatility suggests unstable low-load voltage and reactive conditions (R1)
3) Rajasthan dispatch stack shows coal dominance as gas and liquid units price out of the system 8But a regulatory revision in state sector tariffs has reshuffled merit positions, indicating that commercial decisions - not just fuel efficiency - are influencing dispatch order.
4) Rajasthan discom adopts sports performance pay incentives for employees 8Staff delivering standout performances at national and international competitions will now receive structured personal pay increments linked to their pay level.
5) HESCOM: Refunds ordered even as losses accumulate 8How did it end up doing so
6) CESC Mysuru: Large financial totals suggest settlement-style processing rather than routine billing 8Such scale typically aligns with staff settlements, arrear adjustments, or major financial reconciliations.
7) HVPNL: February payout locks in large cash outflow from state transmission utility 8Transmission operations remain unaffected, but treasury planning tightens. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 09: 8ICRA assigns BB- (Stable) to Umariya Green Energy’s Rs 200 crore term loan; DCCO July 2027. Click on Reports for more. 8C.S.P. Distribution seeks 300 MW evening power for March; reverse auction on 18 Feb. Click on Reports for more. 8Damodar Valley Corporation seeks 400 MW April evening thermal supply via HPX reverse auction. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW thermal supply for April 2026 mornings via HPX reverse auction.Click on Reports for more. 8Chhattisgarh Discom seeks up to 450 MW in March 2026 via HPX reverse auction windows. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW evening power for April via PXIL reverse auction. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW thermal power via HPX reverse auction for April 2026 delivery. Click on Reports for more. 8IRENA’s PV supply-chain cost tool is framed as “directional”, built on documented assumptions. Click on Reports for more. 8IRenewables plus nuclear are projected to reach about half of global generation by 2030. Click on Reports for more. 8KSH repays Rs 226 crore of debt in late December 2025; debt-to-equity stated at 0.42x. Click on Reports for more. 8Rooftop solar subsidy in PM Surya Ghar is capped at Rs.78,000 for systems ≥3 kW. Click on Reports for more. 8KESCO review flags year-end reset risk in UPPCL power purchase bills; quarter profit Rs 10.24 crore. Click on Reports for more. 8HPX fixes Feb 9 reverse auction window for DVC’s 400 MW April 18:00–24:00 requirement. Click on Reports for more. 8PSTCL sets bonus provision formula using Labour Commissioner minimum wages, with specific JV booking heads. Click on Reports for more. 8DVC seeks 300 MW March evenings via HPX reverse auction. Click on Reports for more.Details
Power Committee Updates
Feb 09: 1) North Eastern Grid: Planning to risk management 8The North Eastern region is entering a phase where operational discipline, funding clarity, and regulatory compliance will determine grid resilience more than asset creation alone.
2) Metering failures: The weakest link that won’t heal in the North East 8Despite years of discussion, SEM data gaps persist across multiple states. The 45-day ultimatum marks a rare escalation. Metering has quietly moved from a backend issue to a compliance red flag. Continued failure could undermine settlement credibility.
3) Why is India’s hydro generation losing its balancing power-literally 8Country’s clean flexibility resource is becoming unreliable just when it’s most needed.
4) Shutdowns everywhere, headroom nowhere: How transmission execution is colliding with a stressed southern grid 8What emerges is a pattern: national infrastructure projects, renewable evacuation lines, and deferred commissioning milestones are all competing for shutdown windows that the grid can no longer comfortably provide.
5) The shutdown economy in India’s power sector: When every transmission outage becomes a negotiation 8Repeated shutdown requests now resemble commercial negotiations rather than technical clearances. The OCC is weighing megawatts of lost ATC against months of delayed project execution. This is no longer outage planning - it is risk pricing. The Southern grid is effectively operating on borrowed margins. Click on Details for moreDetails
Daily forward looking import matrices
Feb 09: 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
Download tenders and newclips
Feb 09: For reference purposes the website carries here the following tenders: 8Tender for providing and laying of water proofing treatment work over roof Details 8Tender for enabling works Details 8Tender for running contract for erection maintenance dismantling of electrical networks Details 8Tender for supply of switch fuse Details 8Tender for operation & maintenance work of drawl & supply of brackish water from bore wells / ponds Details 8Tender for supply of various types miscellaneous consumable items Details 8Tender for misc civil work Details 8Tender for oil leakage attending with complete overhauling of 25 MVA, 15/6.75KV station auxiliary transformer Details 8Tender for supply of LT three phase channel cross Arm Details 8Tender for strengthening and providing protective coating in the RCC/ PSC structures in conveyor Details 8Tender for supply of V cross arm Details 8Tender for providing 1X160 MVA, 220/132 kV hot T/F and associated bays Details 8Tender for supply of hot dip galvanised 4.5 m extension (10nos)for 110 kV D30 tower including bolts and nuts Details 8Tender for development of 400 kW grid connected roof top solar power project Details 8Tender for shifting of precast RCC box culverts Details 8Tender for supply, erection, commissioning of LT MCC Details 8Tender for horticulture & green belt management Details 8Tender for supply of various transmitters Details 8Tender for adding LT ABC for street main Details 8Tender for interlinking 11 kV feeders Details 8Tender for installation of 10Nos RMUs feeder Details 8Tender for creation of 2 No. 220kV line bays at 220 kV substation Details 8Tender for creation of 5 no. 132 kV AIS line bays Details 8Tender for augmentation of 220kV substation Details 8Tender for supply of thermocouple and RTD etc Details 8Tender for work of insulation work on boiler and its auxilliaries turbine piping and equipments Details 8Tender for fabrication, painting, supply and erection of stringer channel assembly for 1400mm belt width conveyor Details 8Tender for work of sealing rings for 210 MW LMW design turbine Details 8Tender for procurement of stay set complete Details 8Tender for supply of 11kV AB switches 200 Amps with 11kV PT insulators Details 8Tender for supply of HS type straight joint Kit suitable 11kV 3X300 sqmm XLPE UG cable Details 8Tender for renovation work including painting of control room Details 8Tender for development of drainage system and construction of concrete Details 8Tender for desilting tank covering, access upgrades and protection worksDetails 8Tender for operation and maintenance of 11 kV, LT lines Details 8Tender for execution of sub station operator (SSO) works and operation and maintenance of 33 kV, 11 kV, LT lines Details 8Tender for replacement of burnt and damaged AB cable Details 8Tender for replacement of ACSR conductor by covered conductor Details 8Tender for construction of 02Nos 2x5MVA substation Details 8Tender for repair and maintenance with major overhauling of 45 MT gantry crane of power station Details 8Tender for ARC for laying of HT underground cable Details 8Tender for supply of filled CO2 gas cylinders for generator CO2 flooding system Details 8Tender for supply of H.V. bushings of power transformers installed Details 8Tender for supply and installation of FRP pipe & supply of FRP bend Details 8Tender for supply of MS hot dip galvanized grills for various Details 8Tender for supplying and compaction of earth filling at the 66 kV sub station Details 8Tender for supply of various carpentry work material for day to day maintenance work Details 8Tender for work of repairing of various pulleys of conveyor belts and miscellaneous work Details 8Tender for service contract for VFD tray VS live frame and wagon tippler chalk beam Details 8Tender for biennial maintenance contract for mechanical maintenance work in dry ash system Details 8Tender for construction of temporary 33/11 kV sub-station Details 8Tender for renovation work (civil works) Details 8Tender for construction of one(01) no. of temporary 33/11 kV sub-station Details 8Tender for UG cable work for the erection of 33 kV incoming feeder lines Details 8Tender for construction of one(01) no. of temporary 33/11 kV sub-station Details 8Tender for rate contract for installation of various Details 8Tender for supply of complete LP water pump Details 8Tender for strengthing of damaged power transformer Details 8Tender for renovation of transformer plateform, yard leveling Details 8Tender for renovation of control room by replacing broken stone patti slab by RCC and other repair works of yard Details 8Tender for const. of retaining wall, approach and other works at 33 kV S/S Details 8Tender for supply of spares for air compressors Details 8Tender for requirement of ASCO make solenoid valves with coils and its spares Details 8Tender for procurement for various rotor stands Details 8Tender for assistance in carrying out miscellaneous routine maintenance works of 132kV substation Details 8Tender for supply, erection and commissioning of 132/33kV transformer (HV and LV) CandR panel Details 8Tender for assistance in carrying out miscellaneous routine maintenance works of 132kV substation Details 8Tender for supply of decentralized material Details 8Tender for work and decentlized material Details 8Tender for supply of decentralized material Details 8Tender for carrying coal dozing works like levelling, ramping, spreading away from stacking Details 8Tender for supply, erection, testing and commissioning of new inergen- IG 541 fire suppression system Details 8Tender for Bi-annual rate contract for survey & route alignment using modern techniques for various 66/132/220kV transmission lines Details 8Tender for supply, erection, testing & commissioning of 132 kV 1C × 800 sq.mm, 2 ×(3+0) XLPE underground cable Details 8Tender for construction of 66kV/220kV transformer bay Details 8Tender for construction of 66kV/220kV transformer bay & feeder line bays Details 8Tender for repairing and retrofitting work of various Details 8Tender for annual maintenance contract for routine, preventive, shut down and emergency maintenance of TG, boiler, ESP area and BOP electrical auxiliaries installed Details 8Tender for annual maintenance contract for preventive maintenance, defect attending, emergency work and overhauling of electrical equipment/auxiliaries Details 8Tender for work of rate contract for supply of required of spares, repairing & testing of healthiness of NIFPS along with demonstration at various EHV substation Details 8Tender for extending HT ABC Details 8Tender for Re-conductoring of LT line Details 8Tender for biennial contract for maintenance work of drinking service water supply line and miscellaneous repairing work Details 8Tender for procurement of pressure transmitter and differential pressure transmitter Details 8Tender for life enhancement of the beams under the rail line Details 8Tender for refurbishment of under carriage set Details 8Tender for structural steel work Details 8Tender for laying of 33 kV and 11kV XLPE cable Details 8Tender for work of conducting mandatory energy audit through accredited energy auditor Details 8Tender for breakdown, periodical, preventive and shut down maintenance of 220 kV switchyard, 66 kV switchyard Details 8Tender for const. of tubewell at various 33/11 kV s/s Details 8Tender for const. of fire wall for power transformer Details 8Tender for P/F FRP fencing work at various Details 8Tender for augumentation and expension of control room with other allied additional works of 33 kV S/S Details 8Tender for construction of tubewell for power earthing and water supply arrangement Details 8Tender for annual repair of tube well Details 8Tender for P and F yard lights at various 33 kV S/S Details 8Tender for augmentation and expension of control room with other allied additional works of 33 kV S/S Details 8Tender for replacement of damaged wornout obsolete railways track Details 8Tender for replacement of existing 1X25MVA, 220/33kV power transformer Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8MNRE’s fourth ALMM cell update strengthens India’s solar supply chain Details 8India, Seychelles to boost defence, blue economy, renewable energy ties Details 8Mumbai strengthens grid with completion of 1,000 MW renewable energy Kudus–Aarey HVDC corridor Details 8J&K harnesses just 24 percent of hydropower potential; capacity set to double by 2028 Details 8J&K Hydro power capacity to cross 7300 MW Details 8Coal India CMD urges employees union to exempt coal industry from one-day planned strike on 12 Feb Details 8With a remarkable capacity of 253.96 GW, India’s power sector advances towards a future in renewable energy Details 8AESL secures Japanese green finance for major HVDC transmission project Details 8DEE wins largest-ever Rs 90 crore windmill tower contract Details 8Improving Asset Performance: Automation, analytics and digitalisation define solar O&M strategies Details 8Pahal Solar expands manufacturing capacity to 3GW; receives ALMM approval and BIS 2023 certification Details 8India and Malaysia boost ties; focusing on energy, semiconductors, and defence Details 8Galaxy solar signs Rs 10,080 Crore MoU with maharashtra government to boost solar manufacturing and Infrastructure Details 8CERC Adopts tariffs for 2,100 MW firm and dispatchable renewable energy with storage Details 8Green power reaches a choke point, and the search is on for a way outv Details 8Electricity Price Volatility: Strategies to stabilise prices in India’s spot electricity market Details 8Radiance secures $100M for India green energy expansion Details 8L&T plans 32 MW data centre capacity by March-end, eyes electrolyser orders Details 8Government to constitute high-level panel on banking soon: Finance Minister Details 8Global electricity demand to surge over 3.5% annually through 2030, says IEA report Details 8Karnataka energy dept to focus on solar power Details 8Tata Power vs Adani Power: which company will lead India’s power Sector Details 8India Energy Stack v0.3: One-stop digital platform for electricity data Details 8Beyond NTPC: 3 ‘atomic’ underdogs positioned for India’s proposed Rs 20,000-crore PLI Details You can also click on Newsclips for moreDetails
Download tenders and newclips
Feb 07: For reference purposes the website carries here the following tenders: 8Tender for repairing and renovation of transformer accessories Details 8Tender for procurement and installation of LED based smart street lighting system Details 8Tender for work of stator rewinding of 66kV 3500KW 1485 RPM 371A boiler feed pump motor Details 8Design, fabrication, supply, installation, testing, commissioning of total of 10HP DC solar water pumping system Details 8Design, supply, installation, testing, commissioning of total 210 kW capacities of grid connected solar PV plant Details 8Design, supply, erection, testing and commissioning of 13 No. 220/66/11kV, 160MVA power transformers Details 8Tender for refurbishment-renovation of existing project Details 8Tender for supply, erection, commissioning & O&M of constrcution power supply system package Details 8Tender for unified civil annual M and R works At various voltage sub-stations Details 8Tender for M and R works at various voltage transmission sub-stations Details 8Tender for supply, erection, testing & commissioning of 33 kV outdoor vacuum circuit breaker Details 8Tender for work of overhauling & complete rewinding of 2 MVA, 3.3 kV/33 kV generating transformer Details 8Tender for operation and maintenance work of air conditioning system Details 8Tender for procurement of spares of screw type lubricating oil pump of various auxiliaries Details 8Tender for procurement of various size HT fasteners used Details 8Tender for repair & strengthening work of induced draft cooling tower Details 8Tender for providing chain link fencing Details 8Tender for procurement of 1500 Nos ISI MARKED insulated Details 8Tender for desilting of raw water reservoir Details 8Tender for construction of RCC road along with tit-bit renovation of switchyard Details 8Tender for renovation modification and roof treatment Details 8Tender for renovation and roof treatment Details 8Tender for procurement of throat plates and bottom cone for U#3 coal mill overhauling Details 8Tender for procurement of cylinder head assy,liner and cylinder liner gasket kit Details 8Tender for comprehensive biennial maintenance contract for room, tower and duct-able Details 8Tender for regular water supply by operating valves pumps buster pumps etc Details 8Tender for biennial rate contract for different cable laying and associated work Details 8Tender for supply of 2000Nos of GI earth pipe Details 8Tender for operation and maintenance of pressurized dense fly ash collection system Details 8Tender for supply of GI earth pipe Details 8Tender for erection of 110 kV DC line on DC tower by making LILO in the existing Details 8Tender for erection, dismantling transportation of poles, distribution transformers, HT/LT lines Details 8Tender for daily maintenance in three shifts checking of fire water pumps, equipments Details 8Tender for establishment of material testing laboratory Details 8Tender for construction of 33 kV bay at 33/11kV sub-station Details 8Tender for replacement of existing old 9-unit control panel Details 8Tender for major overhauling along with supply of spares of the 37.2 MW steam turbine Details 8Tender for upgradation of hydraulic system/ powerpack Details 8Tender for annual contract for industrial housekeeping of power house Details 8Tender for engagement of an independent engineer as per the coal mining agreement Details 8Tender for repair and maintenance of damaged chajjas lintels column beam Details 8Tender for rehabilitation of old waterfall Details 8Designing, fabricating, testing, installing and fixing in position curtain wall with aluminum composite panel cladding Details 8Tender for restoration of hill slide with providing protection wall along Details 8Tender for repair of damaged portion of retaining wall Details 8Tender for demolition and removal of damaged left RCC abutment along Details 8Tender for repair of spillway apron and downstream protection Details 8Tender for diversion tunnel construction adit including Details 8Tender for renovation of 33/11 kV S/Stn. Details 8Tender for replacement of DP/FP structures with towers Details 8Tender for procurement of spares of USHA compressors make silo blower Details 8Tender for biennial work contract for providing assistance Details 8Tender for up gradation of turbine governing EHC and LP bypass EHC system Details 8Tender for execution of electrical works upto 11 kV HT /LT level Details 8Tender for setting-up of 16 MW/40 MWh battery energy storage system Details 8Tender for replacement of DTR cables for smart metering Details 8Tender for replacement of old damage PVC cable for smart meter installation Details 8Tender for erection, dismantling transportation of poles, distribution transformers Details 8Tender for procurement of rails and its accessories Details 8Tender for replacing the damaged cement slabs Details 8Tender for renovation of the existing defective air ventilation system by modification renewal of worn out parts Details 8Tender for supply and installation of phase synchronizing device (PSD) for 420 kV circuit breakers. Details 8Tender for three years rate contract for supply of FD & PA fan blades Details 8Tender for supply of conveyor belts Details 8Tender for soil investigation in connection with the upgradation of 110kV SC line Details 8Tender for laying of 33 kV cable Details 8Tender for construction of control room at 110kV substation Details 8Tender for carrying out dyuthi 2.0 HT works Details 8Tender for supply of 33 kV pins Details 8Tender for supply of ACSR DOG conductor Details 8Tender for supply of 33 kV porcelain type pin insulator Details 8Tender for supply of 11 kV porcelain type pin insulator Details 8Tender for supply of ISI marked 11 kV aluminium conductor Details 8Tender for purchase of 80 MVA 132/33 kV auto transformer Details 8Tender for purchase of 200 MVA 220/132 kV auto transformer Details 8Tender for purchase of 33 kV single phase 2.4 kVAR and 1.2 kVAR dry type series reactors Details 8Tender for disc replacement work of 132 kV SC line Details 8Tender for augmentation work of 132kV transformer Details 8Tender for augmentation work of 40/50 MVA transformer Details 8Tender for extension of battery room & PLCC room Details 8Tender for annual repair of roof leakage Details 8Tender for annual contract for mechanical maintenance of BOP and DM plant Details 8Tender for requirement of spares of turbo supervisory system Details 8Tender for outsourcing of ETC of addl 02 no 20 MVA power TFs Details 8Tender for construction of additional TF plinth and allied civil works at the 66kV sub station Details 8Tender for construction of additional TF plinth and allied civil works Details 8Tender for construction of all technical civil works at the 66kV S/S Details 8Tender for AMC for work of overhauling/servicing with spares of 11kV circuit breakers of various at various substations Details 8Tender for work of various routine, preventive and breakdown maintenance of feeder breakers Details 8Tender for work of as & when required rate contract for online leak sealing services for high pressure/temperature valves, lines etc. Details 8Tender for misc. civil works required Details 8Tender for supply of various LT cables and LUGs Details 8Tender for bi- annual rate contract of transportation including loading, unloading & stacking of material /equipment Details 8Tender for erection of equipment and structure, control wiring, yard Details 8Tender for work of complete overhauling of boiler pressure part, coal burners Details 8Tender for procurement of various types of valves Details 8Tender for work of overhauling & re-commissioning of R.O. feed pumps Details 8Tender for work of erection of 220/66kV 100MVA transformer bay with 66kV bus extension with associated Details 8Tender for work of providing and fixing high voltage busbar insulation tape, and heat shrinkable busbar insulating tubing at various Details 8Tender for supply of 02 Nos. of 5kV insulation tester with accessories Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Jharkhand dhanbad demands coal mining penalties from firms Details 8Death toll rises to 18 in coal mine blast in northeast India Details 8NSE to set up coal exchange subsidiary, plans Rs 100 crore capital infusion Details 8Renewable energy news: NTPC, Vestas, CWP Energy Details 8India’s rare earths push finds possible ally in Germany’s wind energy needs Details 8India is our hope’: New Delhi can cut solar dependence on China now, industry expert tells Firstpost Details 8Initial testing of Banswara atomic power project expected by FY33: Naik Details 8Govt extends bid submission deadline of auction round OALP-X to May Details 8Jupiter International secures Silver Award at Green Urja Awards Details 8Vietnam more cost-competitive than India in cell, PV module production, says IRENA Details 8India wraps up 1.2 GW renewables-plus-storage tender at $0.069/kWh Details 8Simplex infrastructures secures Rs. 91.96 Crore power sector contract Details 8Power ministry rolls out India energy stack v0.3 framework Details 8From 25 crore ACs to AI data centers: The massive energy shift powering these 3 stocks Details 8Insolation energy appoints former IAS officer shreemat pandey as additional independent director Details 8Advait Energy Transitions emerges winning bidder for tender issued by Power Grid Corporation of India Details 8The difference between power transmission and distribution Details 8Serentica Renewables secures major SECI allocation Details 8Coal India commissions first 5 MW solar power plant on OB Dump, Cuts 8,190 Tonnes of CO annually Details 8India pushes green technologies to power more sustainable food processing industry Details 8SJVN’s Rampur hydro station generates 2000 MU in record time Details 8India Energy Stack (IES) Taskforce releases Version 0.3 strategy and architecture documents Details 8NTPC Appoints Kishore Chandra patra as head of project at 2,600 MW Korba Power Station Details 8India AI stack: powering intelligence, turning data into real-World impact Details You can also click on Newsclips for moreDetails
Feb 06: 8Instead of allowing the standard 90% interim tariff, the Commission limited recovery to 75%, citing the unusually large share of financing costs embedded in the project’s capital base. 8The ruling signals a tougher regulatory stance on legacy hydro delays entering the new tariff period. Click on Details for moreDetails
Cummins India’s Flat Revenue Masks a Margin Boost — But the Driver Isn’t Clean
Feb 06: 8Cummins India Limited’s flat revenue masks a margin boost 8And where does that come from? Click on Details for more.Details
Kerala moves to lock long-term power adequacy under binding planning rules
Feb 06: 8Kerala’s power regulator has unveiled a draft framework that formally shifts the state into structured, forward-looking resource adequacy planning. Distribution utilities will now be required to forecast demand over a 10-year horizon and tie up firm capacity aligned with national planning reserve margins. Click on Details for moreDetails
Kerala mandates 24x7 supply, auto-compensation, and strict reliability tracking
Feb 06: 8The overall direction points to a shift from reactive grievance redressal toward real-time regulatory surveillance of distribution performance. Click on Details for moreDetails
D.B. Corp’s rooftop solar push collapses
Feb 06: 8Find out what really happened. Click on Details for more.
Details
Cross-border transmission asset locked into revised tariff discipline through 2029
Feb 06: 8Bangladesh remains the primary paying beneficiary, meaning the financial impact flows outward rather than across Indian DISCOMs. Click on Details for moreDetails
Northern grid disturbances shift from equipment failures to inverter-driven instability between December and January
Feb 06: 8The most striking anomaly was a nearly 3.8 GW instantaneous RE generation loss in Rajasthan during a voltage dip and overvoltage cascade. For operators and regulators, the tension is no longer just equipment reliability, but dynamic stability in a grid with rapidly rising inverter-based generation. Click on Details for moreDetails
India’s grid absorbs a 5.5 BU winter demand surge without slipping into shortage
Feb 06: 8The data signals strong generation availability, coordinated dispatch, and sufficient fuel logistics during a period that typically tests thermal fleet resilience. For system operators and regulators, the takeaway is clear: reliability held firm even as winter demand climbed Click on Details for moreDetails
Parliamentary Briefs
Feb 06: 8Progress in Power Generation (Lok Sabha) Details 8Current Status of Installation of Smart Meter (Lok Sabha) Details 8Share of Non-fossil Fuel Sources in Total Installed Capacity (Lok Sabha) Details 8Increasing Demand of Electricity (Lok Sabha) Details 8Loss suffered by SEBs (Lok Sabha) Details 8Power Supply in Rural Areas (Lok Sabha) Details 8Installation of Smart Pre-paid Meters in Jamui (Lok Sabha) Details 8Policy for the Large-scale implementation of Insulated Conductors (Lok Sabha) Details 8Setting up of Thermal Power Plants in Bihar (Lok Sabha) Details 8Power Distribution Projects in Budaun (Lok Sabha) Details 8Frequent Power Cut during Peak Hours (Lok Sabha) Details 8Setting Up of Nuclear Projects by NTPC (Lok Sabha) Details 8Financial Status of DISCOMs (Lok Sabha) Details 8Power Demand (Lok Sabha) Details 8Cross-Border Power Trade (Lok Sabha) Details 8Agricultural Feeders under DDUGJY (Lok Sabha) Details 8Desiltation and Sediment Management Proposal prepared by BBMB (Lok Sabha) Details 8Carbon Credit Trading Scheme (Lok Sabha) Details 8Financial Losses of DISCOMs (Lok Sabha) Details 8Effectiveness of Carbon Market (Lok Sabha) DetailsDetails
Market Round-up
Feb 06: 1) Morning DAM blowout priced a scarcity premium long before RTM cleared it 8DAM MCP jumped to Rs 8.70/kWh at 07:30–07:45 (T31–T32), while RTM for the same blocks cleared at Rs 5.35/kWh and Rs 5.00/kWh. Inference: The premium looks “forward” (DAM) rather than real-time (RTM): DAM purchase bids stayed far above sell bids through the spike window, signalling tight sell-side depth into the morning ramp. Why it matters: a Rs 3.70/kWh DAM–RTM basis at T32 is pure forecasting cost for buyers who could have leaned on RTM.
2) DAM hit a hard regime break after 08:00; volatility was not “smooth” 8After the spike, DAM MCP dropped from Rs 6.25/kWh (08:00, T33) to Rs 3.94/kWh (08:45, T36) in under an hour. Inference: This looks like a cleared-supply catch-up (sell side recovering) rather than demand collapse, because scheduled volumes stayed sizable while prices mean-reverted sharply. Why it matters: it increases the value of intra-day re-optimisation; static DAM positions were punished on both sides of the break.
3) Real-time balancing stayed “heavy” all day even without an obvious shortage headline 8NLDC’s ancillary/SCUC daily sheet shows SCUC-Up scheduled 48,162 MWh and SCUC-Down scheduled −48,103 MWh on 2026-02-05. Inference: Near-symmetric up/down energy points to continuous re-balancing (commitment + de-commitment) rather than one-direction scarcity. Why it matters: this kind of churn typically amplifies RTM price sensitivity and raises balancing risk for states riding close to schedules.
4) HPX ASDAM printed “zero market” blocks — a liquidity signal, not a footnote 8HPX ASDAM shows 0.0000 MWh cleared across successive 15-minute blocks on 05/02/2026 (market effectively absent at block level). Inference: With DAM/RTM price discovery happening elsewhere the same day, this looks like liquidity concentration risk: fewer venues meaningfully set short-term prices. Why it matters: thin venues can’t absorb stress when one exchange tightens, raising systemic execution risk for participants.
5) PXIL IDAS showed bids but no cleared price/volume — a fragmentation warning 8PXIL’s IDAS volume profile lists sell bids (e.g., 104.50 MWh at 00:00–00:15) but shows MCV/Scheduled Volume/MCP. Inference: This pattern is consistent with order-book presence without matchable counterparties (or a no-trade day for the product). Why it matters: partial liquidity creates false comfort in “available” supply while forcing actual procurement into other, potentially costlier routes.
6) NER frequency compliance was weak on 2026-02-04 — 26% of time outside IEGC band 8NER FDI sheet reports frequency outside 49.9–50.05 Hz for 26.08% of the day (6.15 hours), with min 49.83 Hz and max 50.27 Hz. Inference: The tail risk is not about average frequency (reported 50.01 Hz), but about time spent outside the band — a control quality issue. Why it matters: sustained excursions increase deviation exposure and undermine confidence in “stable grid” claims built only on averages.
7) High scheduled drawal plus meaningful OD/UD clustered in a few big states 8NLDC PSP state table shows large drawal schedules alongside material OD/UD: Maharashtra 199.4 MU schedule with −2.9 MU OD/UD; Rajasthan 99.0 MU with −4.8 MU; Tamil Nadu 220.7 MU with +0.8 MU (all on 2026-02-05). Inference: These are “high-throughput” states where small percentage errors convert into big absolute deviations, especially during ramp hours. Why it matters: the same states are the first to transmit balancing stress into market prices and ancillary deployments.
8) DAM–RTM basis widening followed RTM moves with a 1-block lag (statistically, not rhetorically) 8Using the full 96-block MCP series on 2026-02-05, the DAM–RTM basis shows a 1-block lag correlation ~ρ=0.49 with RTM MCP (0–8 block scan), crossing your |ρ|≥0.35 flag. Inference: RTM volatility appears to “pull” the basis wider in the next block more than it is purely simultaneous — consistent with buyers re-pricing forward exposure after seeing RTM. Why it matters: procurement teams can’t treat DAM and RTM as independent levers intra-day; the basis is reactive and can snowball. Click on Details for moreDetails
Power Committee Updates
Feb 06: 1) NR’s deviation economics flipped in a week: the WR–NR rent collapsed-and Delhi quietly became the week’s biggest ‘discipline winner’ 8This reads like a grid that tightened one set of deviations (especially inter-regional) while exposing a second-order truth: NR’s “discipline” is still entity-specific, not systemic-so the money just rotates to the next weakest participant.
2) Delhi’s reactive bill collapses, but the pool’s receivable stack grows-UP and NTPC tighten their grip on VAR money flow 8This fortnight reads like a grid whose reactive economics are tightening into a few large sinks and a handful of volatile payers, with Delhi’s swing the cleanest behavioural change on the payable side.
3) WR’s transmission “availability” story is being propped up by month-long deemed outages-while the real risk is drifting into weather, pollution, and asset-health failures 8The grid’s fragility shows up more sharply through environment-driven faults-kite thread marks, stubble-burning fly-ash induced faults, and temperature-linked equipment limitations-signalling that “externalities” are now operational variables.
4) January in East India closes with a split-screen incentive story: a few units mint “peak-eligible” value while legacy stations bleed negative eligibility and push the bill back onto beneficiaries 8The structural tension: the region’s incentive pool is being distorted by persistent off-peak negatives (seen repeatedly in totals and beneficiary rows), so the grid is implicitly rewarding a narrow slice of operational behaviour while penalising broad, recurring scheduling patterns
5) Recertified Eastern region data: APNRL’s DC story flips from “data correction risk” in Dec to “higher declaration, higher surrender” in Jan-buyers aren’t absorbing what’s being certified 8Net-net, this pack reads less like a generator performance note and more like a demand discipline and data-governance stress test-first through revision, then through under-absorption. Click on Details for moreDetails
Company updates
Feb 06: 8Tax refund: Siemens pays under protest even as it is now faces another threat Leasehold property at the root of it all but the company is cagey. That means the market gets speed without substance, and the case remains a black box beyond the headline number. Click on Details for more.
8Bajel Projects: Cannot fully explain why there is a yawning gap between PBT and PAT. Profitability optics are being built on execution and mix claims while volume is contracting. Click on Details for more.
8Isolation Energy: Importing heavy-duty experience. Find out how the company is importing regulatory and power-sector governance experience onto the board. Click on Details for more.
8Websol’s Q3 profit surge: Ingenious answer. The margin level is so high it becomes the first point that demands skepticism but the company has an ingenious answer. Click on Details for more.
8Indowind: Too many question marks. Low equity infusion and massive borrowing ceiling raises eyebrows and there are structural changes that can obscure accountability. Click on Details for more.
8HPL Electric & Power: Cutting corners to make money? Why is margin quality, not the topline the problem with this company? Click on Details for more.
8Kirloskar Electric: Forced to pay employee dues? The payment was compelled through enforcement rather than initiated through proactive settlement. Click on Details for more.
8Sarda Energy & Minerals Ltd: Find out how the company went from expansion to retreat. Find out what really happened. Click on Details for more.
8Hitachi Energy India Limited’s profit surge: But hides a skeleton in its cupboard. Find out what it is, how it can change the narrative entirely. Click on Details for more.
8Solarium Green Energy: ESOP shares at par. Find more more on thisclick on Details for more.
8Market coupling uncertainty hangs over IEX, with management admitting a regulatory process still unfinished. Regulatory overhang not settled yet even as diversification plans have been put off. Click on Details for more.
8SJVN’s 70 MW Dhubri project is now operational. The company disclosed a project cost of Rs. 367.44 crores and said the plant sits on 330 acres of lease-based land in Dhubri, Assam. Click on Details for more.
8NAVA Limited’s 83% profit jump is driven by other income, not operating expansion. This means sustainability of this quarter’s profitability narrative weakens even as subsidiaries, not the core standalone engine, are carrying the quarter’s reported resilience. Click on Details for more.
8Credit impaired assets look contained but impairment coverage signals a sharply uneven risk distribution. That means the company is heavily provisioning against already-stressed assets while maintaining minimal buffers on the broader performing book. Click on Details for more.
8Suzlon Energy Limited’s profit story flips: Rs.445 crore PAT masks a 65% sequential collapse.The earnings narrative is being carried by the tax line rather than by incremental operating strength. Click on Details for more.
8Torrent: A 75:25 debt-heavy capex plan raises the real question AA+ does not answer. That means leverage comfort today is being tested against a pipeline that is explicitly debt-funded by design. Click on Details for more.
8Voltamp Transformers’s 31% revenue jump is paired with only a 26% profit rise. It also means cost intensity or mix effects are absorbing part of the growth benefit, weakening the “pure efficiency” narrative. Click on Details for more.Details
Miscellaneous Update: Part I
Feb 06: 1) POWERGRID collapses 17 transmission SPVs into two entities under MCA-approved merger 8Operationally, it signals a shift from fragmented SPV structures toward tighter portfolio aggregation. Regulators and lenders will now evaluate these assets under fewer but larger corporate shells.
2) Northern states gain central power share as India’s allocation pool expands modestly in January 8The pattern signals seasonal and regulatory rebalancing of central resources toward northern demand centres.
3) India’s winter peak climbs past 245 GW as northern demand drives seasonal system stress 8The combined data signals a grid entering a high-demand quarter with tightening regional balances but no nationwide deficit.
4) APGENCO extends key APPC engineering deputation to maintain procurement continuity 8It has formally extended the deputation of a mechanical engineering officer at the state power procurement wing, preventing a staffing gap at a sensitive operational node.
5) Temporary promotions at APGENCO tied to court outcomes and strict joining rules 8It has issued temporary promotion orders elevating four Deputy Executive Engineers to Executive Engineer rank while simultaneously shifting one senior officer through a transfer.
6) Maharashtra transmission utility moves to embed policy and planning expertise 8It has initiated the hiring of two high-level consultants to strengthen its internal analytical and planning capacity.
7) Rajasthan Roundup: Chhabra thermal plant reports broad EC compliance but flags partial safeguards 8AVVNL eases bond exit rule for staff joining government services
8) Delhi gas plant seeks tariff relief after PLF collapse despite high availability 8Fuel cost pressures and take-or-pay gas commitments have amplified the financial strain. Additional O&M burdens from emission-control burners and sewage treatment operations are also being claimed. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 06: Waaree Renewable Technologies’ rating upgrade leans on revenue surge, not proof of through-cycle margins. Click on Details for more.
Triveni Turbine’s revenue grows 24%, while aftermarket drops 22% and drags the margin story. 8Growth is being carried by product sales while the higher-margin aftermarket/refurbishment stream is the one slipping. Click on Details for more.
Tata Power: Standalone collapse highlights group dependence, with standalone PAT turning negative in Q3". 8Treat the consolidated narrative as a portfolio story rather than evidence that the core parent operations are strengthening. Click on Details for more.
Genus Marudhara Smart Metering’s AA- rating is assigned with 84% of installations still pending. 8Sponsor strength supports the rating, yet governance control sits with the financial sponsor, not the operating sponsor. Click on Details for more.
ALMM List-II adds new cell capacity 8Entries show wide ranges, such as Websol Energy System Limited with average efficiency 23.16% and a stated range of 19.00% to 23.60% in one revision section, which is a spread large enough to change procurement economics. Click on Details for more.Details
Regulatory Updates: Part I
Feb 06: 1) Karnataka regulator opens scrutiny window on utility performance costs 8Karnataka’s power regulator has triggered a statewide review cycle that could reshape how utility cost overruns translate into consumer tariffs.
2) Rising procurement costs and loss spike squeeze MPSEZ’s distribution margins in Q3 8The most striking shift is the T&D loss increase from 2.54% to 4.05%, signalling a sudden deterioration in network efficiency, and there are other striking issues as well.
3) TNERC orders high interest payout, clears short-term power buys 8Tamil Nadu’s power regulator has enforced financial discipline on delayed generator payments while simultaneously securing near-term power supply for the state grid.
4) Tamil Nadu regulator clears 1,500 MW medium-term power hedge 8Tamil Nadu’s power regulator has approved a significant expansion of medium-term power procurement, allowing the state utility to secure 1,500 MW of round-the-clock supply under competitive bidding. The decision adds 700 MW to an earlier 800 MW approval, consolidating both into a single five-year tender.
5) CERC trims Fatehabad asset base while locking in new five-year transmission tariffs 8A modest but notable capital adjustment was imposed through disallowance of excess initial spares, slightly reducing the regulatory asset value.
6) CERC moves to license major NR–WR grid strengthening corridor 8The project centers on a new 765 kV Prayagraj substation and multiple line integrations that reshape existing power flows across Uttar Pradesh and adjoining regions. Click on Details for moreDetails
Daily forward looking import matrices
Feb 06: 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 Click on Reports for more.Details
Download tenders and newclips
Feb 06: For reference purposes the website carries here the following tenders: 8Tender for empanelment of agencies for restoration of distribution infrastructure during Details 8Tender for renovation of 33/11 kV S/Stn Details 8Tender for renovation of 33/11 kV substation Details 8Tender for supply of 36 kV current transformers Details 8Tender for replacement of suspected CLR insulators Details 8Tender for procurement of insulation mat for LT electrical panels Details 8Tender for supply of stringing tools for line maintenance of 400 kV transmission lines Details 8Tender for rate contract for cable laying and cable jointing/ termination work Details 8Tender for work contract for arresting of oil leakage Details 8Tender for work contract for repairing of damaged traction motor of 700 HP locomotive Details 8Tender for development of 1000 kW grid connected roof top solar power project Details 8Tender for R&M of silo Details 8Tender for repair and maintenance of civil works Details 8Tender for supply, inst, commiss. and AMC of integrated solar street lights Details 8Tender for biennial miscellaneous civil maintenance works of ash dyke Details 8Tender for providing and fixing of acoustic wall panelling Details 8Design, supply and installation of fireproof cable Details 8Tender for SITC of network switches Details 8Tender for electrical work Details 8Tender for procurement of L3 switch and network devices Details 8Tender for work of replacement, shifting and overhauling of H.T motors of coal handling plant Details 8Tender for supply of various size of butterfly, gate, ball, globe and needle valves Details 8Tender for work of maintenance of lighting high mast towers Details 8Tender for supply of lighting materials Details 8Tender for supply of 11 kV polymer composite pin insulator Details 8Tender for work contract for supply, laying, jointing ,terminating, testing and commissioning of 33kV 1x630 sqmm Details 8Tender for supply laying jointing teriminating testing and commissioning of 33 kV 1X630 sqmm aluminium XLPE cable Details 8Tender for supply laying jointing teriminating testing and commissioning of 33 kV 1X630 sqmm aluminium XLPE making for LILO in existing Details 8Tender for strengthening and providing protective coating in the RCC/ PSC structures Details 8Tender for repair and maintenance works to the indoor switchyard Details 8Tender for supply, erection & commissioning of 5 Nos RTU in33/11kV indoor S/S Details 8Tender for works contract for provision of 1 no 33 kV source link line Details 8Tender for work contract for supply, laying, jointing ,terminating, testing and commissioning of 11kV, 3x300 sqmm Details 8Tender for work contract for supply, laying, jointing, terminating, testing and commissioning of 33kV 1x630 sqmm aluminium XLPE cable from 230kV SS Details 8Tender for work contract for supply, laying, jointing, terminating, testing and commissioning of 33kV 1x630 sqmm aluminium XLPE cable Details 8Tender for routine maintenance of power supply arrangements Details 8Tender for supply of 1800 mtr M.S.ERW 350 NB pipes Details 8Tender for procurement of stay set complete Details 8Tender for insertion of 1 no tower Details 8Tender for attending leaks in steam pipe lines feed water Details 8Tender for supply and erection of 2 No’s of 2000NB flanged type butterfly valves with ebonite lining along Details 8Tender for strengthening of eastern side bund of secondary pond at ash dyke Details 8Tender for procurement of alloy steel pipe for hot reheat to IP turbine line Details 8Tender for providing protection arrangement to prevent earthslip Details 8Tender for up keeping and routine maintenance of air pre heater Details 8Tender for re-conditioning of the retrieved worn out impeller of vertical type cooling water pumps. Details 8Tender for running works contract for the erection works of LT overhead feeder, HT overhead feeder Details 8Tender for supply of various type of thermocouples and RTDs Details 8Tender for assistance in operation of equipment of boiler and turbine associated auxiliaries Details 8Tender for work contract for round the clock operation and maintenance mechanical, electrical, PLC of mill reject handling system Details 8Tender for supply of 60 Kg and 52 Kg rail gule joints Details 8Tender for procurement of complete assembly of oil vapour exhauster fan alongwith motor Details 8Tender for augmentation of 66kV substation Details 8Tender for supply of VFD and VFD panel Details 8Tender for augmentation of 66 kV substation Details 8Tender for construction of sump pit cum pump chamber and other allied works at 132 kV S/Stn Details 8Tender for supply of flap gate actuator Details 8Tender for proposal for procurement of 420kV and 05 Nos. 245kV capacitive voltage transformer Details 8Tender for procurement of steel item (plates and ISMC and ISMB) for various Details 8Design and engineering, procurement, supply, installation, construction, testing and commissioning including warrantee obligation, operation and maintenance for twelve 12 years of a 100 MW AC solar PV power plant and 25 MW / 100 MWh battery energy Details 8Tender for work of 11 kV line shifting Details 8Tender for supply, erection, testing & commissioning of 220 kV 1Cx1200 sq. mm (2(6+0)) twin cable Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Kundala dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Maduppetty dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Anayirankal dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Ponmudi dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Sengulam dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Kallarkutty dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures Details 8Tender for providing second 16 MVA 110/33 kV transformer Details 8Tender for supply installation, system integration, operation & maintenance of smart meters Details 8Tender for construction of 11 kV OH line with covered conductor Details 8Tender for dyuthi 2.0 HT works Details 8Tender for providing & fixing of micro-processor based 0.2S class, 3-Ph, 4-wire digital MFM meters for various Details 8Tender for conversion of SSN to DSN & STN to DTN for lines crossing Details 8Tender for laying of 3C 33 kV 400 sq mm XLPE UG cable by micro tunneling from 132 kV GSS Details 8Tender for operation and maintenance of 2x2 MW turbo generator sets and their auxiliaries, hydro mechanical and electro mechanical equipment Details 8Tender for laying of 3C 33 kV 400 sq mm XLPE UG cable Details 8Tender for scheme for capacity augmentation of PTR from (3X6.3) MVA to (4X6.3) MVA with allied works Details 8Tender for procurement of 10 nos 33/0.415 kV 315 KVA & 15 nos 33/0.415 100 KVA station service transformers.Details 8Tender for procurement of roller journal bearings of mill XRP1003 Details 8Tender for service contract for repairing of PA ducts during Details 8Tender for new 66 kV SC on DC line of 0.2 sq ACSR conductor from 66 kV S/s Details 8Tender for procurement of non-contact high voltage and induced voltage detector for various substations Details 8Tender for annual maintenance contract for O and M works Details 8Tender for work of installation of 11/0.4 kV 990 KVA CSS Details 8Tender for work for increasing capacity of transformers 100 KVA to 250 KVA at various Details 8Tender for work for installation of LT ACB on existing 250/400 KVA DTRs Details 8Tender for work of installation of 11/0.4 kV 990 KVA CSS Details 8Tender for work for increasing capacity of transformers 100 KVA to 250 KVA at various Details 8Tender for work of installation of additional transformer and replacement of ACSR panther conductor Details 8Tender for work of installation of additional 100 KVA transformers Details 8Tender for increasing capacity transformer Details 8Tender for replacement of existing 33kV ACSR dog conductor with 33 kV AAAC-AL-59,160 Sq.mm covered conductor Details 8Tender for supply M.S grills assorted size Details 8Tender for supply of various 415V IE3 LT motors Details 8Tender for erection & maintenance of HT/LT/TC work Details 8Tender for supply, installation & commissioning of exide make 48V, 350AH capacity lead acid plante type battery set along Details 8Tender for erection & maintenance of HT/LT/TC work Details 8Tender for erection of 66kV equipment, structures, control wiring, yard Details 8Tender for supply, erection, testing and commissioning of 220kV feeder bays Details 8Tender for work of providing & fixing of insulated rubber mat high voltage insulated mat Details 8Tender for work of replacement of earth wire Details 8Tender for various civil maintenance works in control room, switchyard Details 8Tender for supply, installation, testing & commissioning of 132kV additional PT bay at various EHV substations Details 8Tender for work of renovation of 220V/300AH & 48V/300AH VRLA battery set Details 8Tender for work of augmentation of substation by addition of 25MVA, 132/33kV power transformer along with HV & LV bay Details 8Tender for augmentation of substation by providing additional 1x50MVA, 132/33kV transformer Details 8Tender for work of augmentation of substation by addition of 25MVA, 132/33kV power transformer along Details 8Tender for procurement of 11kV, 1600A CB for R&M scheme of procurement of 11kV outdoor equipment’s for various Details You can also click on Tendersfor more For reference purposes the website carries here the following newsclips: 8Significant progress made in renewal energy adoption, operational safety in FY'26: NFR Details 8SJVN begins power supply from 70 MW Dhubri solar project in Assam Details 8Initial testing of Banswara atomic power project expected by FY33: Naik Details 8PFC buys 52.63% of govt's holding in REC, board approves in-principle merger Details 8Amit Rautela takes charge as CFO Patratu Vidyut Utpadan Nigam Details 8ACME Solar secures 301 MW renewables with 1,204 MWh storage in SECI peak power tender Details 8India battery demand to surge to 700 GWh by 2045 Details 8GREW Solar wins 550 MW repeat module order from leading IPP as India accelerates clean energy push Details 8Assam: AAECA demands 125 units free power, tariff cut Details 8Eternal, Waaree and 3 other stocks with consistent revenue growth over the past 4 qtr Details 8Loom Solar launches 125kW/261kWh BESS for C&I sector Details 8INOXAP launches PESO-approved warehouse for speciality gases Details 8Waaree Energies and 3 other stocks receives orders for solar modules, defence components and more Details 8Hitachi Energy shares rally sharply over 9% as Q3 revenue jumps 28.5% YoY to Rs 1,620 crore, net profit up 90% Details 8Coal India approves major investment in BCGCL Details 8BSPGCL secures power offtake from India’s largest 301 MW solar + 523 MWh battery storage project at Kajra Details 8Smart metering signals India’s power sector transformation Details 8Capital Inflows: Recent equity deals in the energy sector Details 8India’s Tata Power evaluating three sites for nuclear projects, exec says Details 8A new report says India is electrifying faster than China at the same level of development and with fewer fossil fuels per person Details 8Powering data centres: AI leadership depends on control of power supply Details 8Vivek Singla MD and CEO, PXIL Details 8Power Priorities: Regulators’ perspective on distribution challenges and solutions Details 8Solar-plus-storage bids gather pace; renewables draw over $2 billion in January Details 8Meeting Sustainability Goals: Green aluminium could be a game changer in the energy transition Details 8J-K has tapped less than a quarter of its hydropower potential: Economic Survey Details 8Building Resilient Grids: key learnings from gridOS engage Details You can also click on Newsclips for moreDetails
Who says gas based units do not run in the winters?
Feb 05: 8There is common chatter that gas-based power backs off in winter because it’s expensive. 8But this power unit's consumption went from zero to a massive 1.4 mmscmd of gas 8And all of it is APM gas. And there is no gas for fertilizers, for which the govenment pays straight from the exchequer. Click on Details for moreDetails
NERPC’s commercial agenda enters a harder phase: Dispute-resolution to structural stress management
Feb 05: 8New policy instruments-Virtual PPAs, SCED-linked MTL compensation, Green Energy Open Access, and revised tariff frameworks-are no longer theoretical but financially live. Click on Details for moreDetails
Feb 05: 8More broadly, it signals how India’s regulators may treat mega thermal projects struggling with post-2017 cost inflation and compliance hurdles. Click on Details for moreDetails
Coal quality at stake: Coal Controller tightens RFQ scrutiny for coal testing agencies
Feb 05: 8The regulator’s message is clear: technical qualification will hinge on documented capability, not declarations. Click on Details for moreDetails
KSERC ties APTEL payment rollout BSES Kerala Power to Supreme Court deposit compliance
Feb 05: 8The order reflects how appellate litigation is increasingly shaping cash-flow timing within regulated PPAs. Click on Details for moreDetails
TNERC blocks retrospective clawback of captive solar adjustment charges
Feb 05: 8The order reinforces regulatory resistance to audit-driven reversals where operational consent and settlement history exist. Click on Details for moreDetails
TNERC strikes down TNPDCL EMI defence, orders full wind dues with interest
Feb 05: 8The order reinforces that financial distress does not dilute regulatory payment discipline. It also signals tighter scrutiny of how discoms invoke central relief frameworks. Click on Details for moreDetails
TNERC orders Rs 6 crore refund to ITC but drops contempt case
Feb 05: 8The broader signal is that regulatory directions carry long-tail financial consequences, but enforcement may stop at correction rather than punishment. Click on Details for moreDetails
India opens virtual renewable contract market under CERC oversight
Feb 05: 8Crucially, Renewable Energy Certificates generated under these contracts will be transferred directly to consumers for compliance, then extinguished - preventing secondary market trading 8It signals the regulator’s intent to deepen market-based decarbonisation tools without disturbing physical grid operations. Click on Details for moreDetails
CERC validates GST and bird-diverter shocks as solar tariff change-in-law events
Feb 05: 8It also signals that environmental compliance and indirect tax shifts remain systemic, not developer-specific, burdens. 8The financial consequences will ripple downstream into distribution licensee power procurement costs. Click on Details for moreDetails
MTL obligation drops sharply in December but cost inefficiency persists in SCED recovery
Feb 05: 8For system operators and regulators, the signal is clear: the problem is no longer volume stress, but costly balancing inefficiency. Click on Details for moreDetails
Daily forward looking import matrices
Feb 05: 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
Company Updates
Feb 05: NCLT grants Refex subsidiary Sherisha Solar LLP reply time, imposes Rs 10,000 cost. 8The NCLT also recorded that parties attempted settlement talks and agreed to explore an amicable resolution before the next date. Click on Reports for more. BGR Energy faces Rs107.90 crore GST assessment demand; company says no material impact yet and plans appeal. 8What remains open is appellate relief, since BGR explicitly says it will appeal. Click on Reports for more. Coal India board approves 51:49 JV with UPRVUNL to develop solar, wind and PSP projects in Uttar Pradesh. 8The annexure states Coal India will hold 51% equity, with the balance 49% held by UPRVUNL. Click on Reports for more. OGPL says “no deviation” on Rs 250 crore rights issue; lists Rs 14,903.95 lakh utilised by Dec 31, 2025. 8OGPL discloses “Funds Utilized” of Rs 14,903.95 lakh against total original allocation of Rs 25,000.00 lakh, with Rs 10,096.05 lakh noted as deployed in fixed deposits with banks. Click on Reports for more. ACME Solar names Rahul Kaushik process transformation head as it scales governance across 7,770 MW portfolio. 8He is brings nearly two decades of internal audit and risk advisory experience, including leadership of the Internal Audit function at O2 Power and stints at Ernst & Young, KPMG and Grant Thornton. Click on Reports for more. NGEL commissioning lifts group capacity to 8,813.25 MW; NTPC group commercial capacity cited at 86,710 MW. 8The COD is declared w.e.f. 31 January 2026 following receipt of an RREC certificate dated 3 February 2026. Click on Reports for more. Hindalco awards BHEL domestic BTG execution mandate with 35–37 month commissioning clock. 8BHEL states Hindalco Industries Limited has issued an LOI for a 2 x 150 MW boiler-turbine-generator package tied to the Aditya Aluminium expansion in Odisha. Click on Reports for more. Power Grid acquires SR–ER strengthening SPV from PFC Consulting for Rs 19.63 crore under MoP guidelines. 8Consideration is recorded at Rs 19,63,36,237 under the share purchase agreement, with PFC noted the sale is not in the nature of a slump sale. Click on Reports for more. Tata Power highlights 26.3 GW capacity base as Q3 FY26 analyst deck details renewables buildout. 8The deck states clean and green capacity accounts for ~17.5 GW, with a target of ~70% clean share by 2030. Click on Reports for more. Tata Power reports Mundra plant operations suspended from July 3, 2025 amid supplementary PPA discussions. 8It adds the company is in discussion with procurers for a supplementary power purchase agreement, with financial impact to be considered once finalised. Click on Reports for more. GE Power India compliance officer Kamna Tiwari resigns. 8She has resigned effective the close of business hours on 2 April 2026. Click on Reports for more. NTPC cites Rs 5,000 crore unsecured term loans and 6.05% weighted borrowing cost in 9M FY26. 8The company said weighted average interest rate on borrowings fell to 6.05% in 9M FY26 versus 6.64% in 9M FY25. Click on Reports for more. Adani Power ties up over 90% of 18.15 GW fleet under PPAs; merchant exposure cut to 10%. 8Wins 3,200 MW Assam greenfield LoA at Rs 6.30/unit; capacity charge pegged at Rs 4.16. pegs Rs 2 lakh crore capex for 24 GW buildout; says majority funded through internal accruals. Click on Reports for more.Details
Miscellaneous Update: Part I
Feb 05: 1) Powergrid moves dormant shareholder stakes toward IEPF transfer window. 8The action reflects regulatory enforcement of dormant capital migration into public protection mechanisms
2) POWERGRID locks inter-regional grid corridor via Rs 19.63 crore SPV acquisition> 8The system expansion involves high-capacity 765 kV lines across Odisha and Andhra Pradesh, reinforcing a critical east-south power transfer pathway.
3) Power purchase cost creep in November pushes Madhya Pradesh into January surcharge cycle 8The surcharge reflects a regulatory design that automatically transfers even modest system-wide cost overruns to end consumers within a two-month lag.
4) WBSEDCL showcases expansion drive as solar, service, and security initiatives advance 8The broader signal is a utility balancing growth messaging with credibility building in a politically sensitive service sector.
5) CESC lines up investor roadshows ahead of February market outreach cycle 8For analysts and institutional investors, these forums typically serve as platforms to probe regulatory risk, cost recovery outlook, and growth pipelines.
6) Kerala utility tightens control over who can supply grid hardware 8For suppliers, inclusion secures market access; for those excluded, it represents a direct commercial barrier.
7) Kerala utility forced to pay land charges after exemption window closes 8For state transmission planning, it reinforces that even small parcels of land can carry non-trivial regulatory overheads.
8) Kerala sets zero fuel surcharge for monthly users, modest charge for others 8For the system, it signals a period of relative fuel cost stability. For regulators, it reinforces confidence in automated adjustment frameworks over ad-hoc tariff petitions. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 05: ICICI Securities reiterates BUY on Powergrid with Rs.350 target as capex guidance rises to Rs.32,000 crore. 8The immediate benefit of higher capitalisation momentum is positioned with shareholders, while execution and supply constraints remain the live risk bucket. Click on Details for more.
S&P Global flags hydrogen offtaker clustering via WTP vs delivery cost framework for 2030 example. 8It says it can identify low-carbon hydrogen offtakers and demand clusters by comparing willingness to pay (WTP) against cost to deliver (CTD) at the facility level. give me paywall story. Click on Details for more.
Smart meter SPV’s rating leans on DDF waterfall, but ICRA flags payment history “yet to be established”. 8ICRA Limited rates Says Genus Rajputana Smart Metering SPV Private Limited direct debit facility (DDF) payment track record with Ajmer Vidyut Vitran Nigam Limited (AVVNL) is “yet to be established.” give me paywall story. Click on Details for more.
CARE reaffirms Bengal Energy at CARE A (stable) as Rs.720.54 crore capex targets April 2028 COD. 8The company plans a 2×500 tpd sponge iron unit and a 60 MW captive power plant (40 MW WHRB + 20 MW AFBC) at Midnapore, with estimated cost Rs.720.54 crore funded at a 1.50:1 debt-equity ratio and COD expected in April 2028. Click on Details for more.
Tribunal remands loan-interest computation in UJVN small hydro tariff dispute against UERC. 8It aside the methodology used to compute interest on loan for UJVN Ltd.’s Pathri and Mohammadpur SHPs and notes that UERC reduced the loan component by 75% of MNRE subsidy when calculating interest, but finds this inconsistent because the loan itself was availed after considering equity and full subsidy. Click on Details for more.
Tribunal upholds UERC denial of generic tariff for UJVN’s Pathri and Mohammadpur SHPs give me paywall story. Click on Details for more.
PXIL receives membership surrender request from Shubheksha Advisors Time given for objection filing. Click on Details for more.Details
Regulatory Updates: Part I
Feb 05: 1) Kerala regulator locks five-year bulk supply pact for Thrissur distributor 8The structure places emphasis on measured maximum demand across multiple substations rather than feeder-wise limits.
2) Tamil Nadu regulator clears emergency coal power costs through tariff pass-through 8It confirms that crisis-driven fuel price volatility can still flow into consumer tariffs when backed by central directives.
3) TNERC blocks TANGEDCO’s retrospective solar audit recovery demand 8The decision signals that audit corrections cannot override the commercial finality of grid-accepted renewable energy flows.
4) TNERC clears short-term power purchase, locks TNPDCL into strict cost discipline 8The order reinforces a broader regulatory push toward procurement discipline rather than post-facto cost recovery flexibility.
5) TNERC stretches e-filing software rollout timeline, eases bidder eligibility window 8It signals a cautious digital transformation path where schedule realism now outweighs calendar-driven deployment.
6) TNERC hearing docket exposes mounting tariff disputes and compliance battles 8The docket underscores a regulatory system balancing financial discipline, contractual stability, and legal enforcement as cost disputes intensify across the value chain.
7) CERC formalises India’s first regulatory framework for Virtual Power Purchase Agreements 8The move opens a parallel market channel for corporate renewable procurement without disturbing existing power scheduling systems.
8) CERC adopts sub-benchmark tariff for NR–WR transmission strengthening project 8Financially, the order reinforces tariff discipline by benchmarking bids against normative cost models.
9) CERC locks in discounted tariff for eastern grid expansion corridor 8Tata Power’s winning bid undercut the regulator’s normative benchmark by a notable margin, signalling continued investor appetite for regulated transmission assets despite tightening return expectations.
10) CERC approves Kurnool bay COD but denies delay relief, trims capital allowances 8The broader regulatory tone reinforces discipline on delay attribution even in relatively small bay assets. Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 05: 1) JERC rewrites CGRF–ombudsman clocks: complaint acknowledgement now “within 7 days”, orders “60 days” 8It also changes ombudsman-side steps including representation registration timelines
2) UERC trims PTCUL hybrid bay capex to Rs 10.64 crore, okays only “in-principle” pending prudence check Click on Details for moreDetails
Market Round-up
Feb 05: 1) DAM–RTM basis flipped sign in 24 hours, widening the scheduling risk premium 8On 2026-02-04, DAM MCP rose to Rs 3.45/kWh while RTM MCP fell to Rs 2.74/kWh, flipping the basis from the prior day. Inference: With lower real-time imbalance pressure earlier, the swing points to day-ahead overcommitment followed by real-time correction. Why it matters: A Rs 0.71/kWh spread penalises inaccurate demand forecasting and raises avoidable power purchase cost for DISCOMs that over-schedule in DAM.
2) GDAM cleared above DAM on the peak day, hinting at green scarcity pricing 8On 2026-02-04, GDAM MCP printed Rs 3.60/kWh, above DAM’s Rs 3.45/kWh. Inference: Buyers appear to have paid a clean-energy premium due to constrained matching of time-specific green supply. Why it matters: Persistent GDAM premiums can inflate renewable procurement costs and distort short-term compliance economics for obligated entities.
3) HPDAM showed sell interest but zero clearing all week - hydro value stayed “on paper” 8From 2026-01-29 to 2026-02-04, HPDAM shows ~133–136 GWh/day sell bids, but MCV and scheduled volume remained zero. Inference: Hydro flexibility was offered but price or system constraints prevented trade execution. Why it matters: Idle hydro bids shift balancing burden to RTM and DSM, increasing price volatility and deviation settlement exposure.
4) Thermal under-delivery forced hydro to shoulder Southern region balancing 8On 2026-02-03, Southern thermal output was 734.22 MU vs 938.34 MU program (-21.25%). Inference: Hydro over-performance cushioned thermal shortfall, indicating dispatch stress rather than demand collapse. Why it matters: Hydro used for balancing instead of peak arbitrage reduces its future price-smoothing role, raising intraday market volatility risk.
5) Coal stock stress surfaced in Rajasthan despite zero national shortage 8On 2026-02-03, Chhabra units held only 64–72% of normative coal stock. Inference: Plants with low stock face higher forced market dependence during ramp events. Why it matters: Coal stress quietly shifts cost from generation to exchanges, potentially adding Rs 0.40–0.80/kWh to marginal procurement during tight hours.
6) Maharashtra alone showed ATC violations while peers stayed within limits 8On 2026-02-04, Maharashtra recorded 5 ATC violation blocks while most states reported zero. Inference: Corridor-specific stress rather than all-India congestion drove the breach. Why it matters: Local ATC binding can inflate regional MCPs and increase area-specific congestion charges, raising landed power cost.
7) Frequency average looked stable, but low-side excursions dominated the day 8Average frequency was 50.008 Hz, yet 181 low-frequency excursions occurred versus 146 high-side events. Inference: Downward stress events were more frequent, indicating higher balancing demand. Why it matters: Frequent low-side excursions increase reliance on fast reserves and ancillary services, adding hidden system operation costs that later surface in tariffs.
8) Northern states showed opposite PX/RTM positions in the same off-peak window 8At 03:00 on 2026-02-04, Uttar Pradesh showed -2,310 MW PX/RTM/STOA position, while Punjab showed +1,350 MW. Inference: States adopted divergent balancing strategies under similar grid conditions. Why it matters: Such divergence raises settlement volatility and DSM exposure, potentially widening inter-state procurement cost gaps. Click on Details for moreDetails
Power Committee Updates
Feb 05: 1) NER’s dispatch economics flipped: SCED net payouts collapsed even as down-dispatch dominated 8This is a tightening mismatch between “who the grid curtails” and “who ends up paying.
2) WR’s ancillary pool turned into a two-speed market: SCUC kept minting winners, while TRAS discipline deteriorated into an “Emergency-heavy” penalty week 8The grid looks like it is buying reliability in SCUC while charging for indiscipline in TRAS-and in the latest week, the “indiscipline” component spilled more visibly into Emergency-tagged outcomes.
3) From audit fatigue to fault cascades: Eastern grid’s protection architecture is breaking at the edges 8The PCC is now moving from coordination to coercion-through expanded third-party audits, forced setting reviews, and direct letters to defaulting utilities.
4) ER’s DSM week was quietly recapitalised by one state-and brutally destabilised by one corridor 8ER’s DSM is no longer a “state-by-state story” alone-inter-regional exposure is the dominant risk surface and it is being corrected post-facto, not prevented upstream. Click on Details for moreDetails
Download tenders and newclips
Feb 05: For reference purposes the website carries here the following tenders: 8Tender for work of AMC cleaning of insulator strings by using high voltage insulator cleaner & protector of various transmission lines Details 8Tender for physical verification, valuation, and accounting of both stores inventory and MAS item including Details 8Tender for procurement of 01 No. vertical type centrifugal sump pump without motor capacity Details 8Tender for supply of consumables and other materials Details 8Tender for supply of 1800 mtr M.S.ERW 350 NB pipes Details 8Tender for renewing of its rubber seals in unit III and unit IV of power house Details 8Tender for battery maintenance contract for the works job work of routine cleaning and daily readings of DC battery cells Details 8Tender for supply, erection & commissioning of remote position sensor type double acting smart positioners Details 8Tender for supply, erection, commissioning, testing & trial of control panel Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line, 11/0.433 kV distribution transformer Details 8Tender for procurement of spares of air compressor model Details 8Tender for construction of new control room along Details 8Tender for procurement of different types of spares for ash slurry pumps Details 8Tender for procurement of cassette baffle for horizontal coils primary reheater Details 8Tender for routine maintenance works in fuel oil handling system Details 8Design, supply, testing and commissiining of 1 no 132kV hybrid or GIS module at 132kV substation Details 8Tender for procurement of grinding roll and bull ring segments for bowl mill XRP-883 overhauling Details 8Tender for rate contract for procurement of 120 MT sulphuric acid Details 8Tender for dismantling, loading and transportation of 2x10MVA power transformers with accessories Details 8Tender for supply, erection and commissioning of 450 NB M.S seamless pie with supporting pedestal for furnace oil pumping line Details 8Tender for supply of 200 NB, SS 316 class 150 ,gate valve for CWPs discharge and condenser cooling water pipe line Details 8Tender for procurement of NB 200 carbon steel seamless pipes and bends. Details 8Tender for operation and maintenance contract for 4 MW solar PV based microgrid Details 8Tender for miscellaneous civil works Details 8Tender for supply, installation, testing and commissioning (SITC) of integratedautomated auger system Details 8Tender for calibration, repair and procurement of readout units and other allied works Details 8Tender for repair, replacement and up in the existing data acquisition system and other allied works Details 8Tender for painting and repair work of switchyard Details 8Tender for supply of spares of CW pumps Details 8Tender for supply of duct support pipes Details 8Tender for laying of 185 SQMM U/G U/G cable with cable joints work Details 8Tender for laying of 240 SQMM U/G cable with cable joints work Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line, 11/0.433 kV distribution transformer Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line Details 8Tender for retrofitting of existing HPA 12 1640 12 KV1600 A SF 6 gas circuit breaker with vacuum circuit breaker Details 8Tender for work of complete mechanical overhauling of natural draft cooling tower Details 8Tender for monitoring of carbon emissions and carrying out environment audit Details 8Tender for procurement of bolts/stud and nuts with washer used Details 8Tender for procurement of various spares for BFP booster pump model Details 8Tender for procurement of essential spares for 600MW main turbine Details 8Tender for outsourcing of operation and maintenance of PDFAC system Details 8Tender for procurement of 2550KM of ACSR raccoon conductor. Details 8Tender for procurement of worm shaft for HP-803 bowl mills installed Details 8Tender for work of complete overhauling and cartridge replacement of 200KHI boiler feed pump Details 8Tender for work of providing services for loading, unloading, shifting and stacking of materials Details 8Design, supply, installation, testing, commissioning and replacement of 2MVA, 6600V/433V power transformer Details 8Tender for supply of various LT cables and LUGs Details 8Tender for annual rate contract for preventive/ scheduled work, defect attending/ unscheduled/ as when required work, O/h / B/d work, shut down/ emergency maintenance of electrical auxiliaries insalled Details 8Tender for constructing 11kV line with covered conductor Details 8Tender for renovation of chain link fencing around Details 8Tender for reconductoring 11kV with covered conductor Details 8Tender for construction of 2nd addl. 12.5 MVA 132/11 kV T/F plinth and allied civil works Details 8Design, manufacture, testing before dispatch & delivery of 52,000 Nos. male female contact sets for 11kV, 75 Amp GO switches Details 8Tender for work of shifting of 11 kV UG cable Details 8Tender for renovation of electrical section Details 8Tender for repair & maintenance of stop log gates Details 8Tender for carrying out dyuthi 2.0 works Details 8Tender for new 11kV UG cable work Details 8Tender for rate contract for repair of damaged failed 33/11kV 3.15 MVA ,5.0 MVA, 8.0 MVA power transformer Details 8Tender for construction of 33 kV sub station Details 8Tender for supply and erection of 0.10 Km UG cable Details 8Tender for modification of existing transformer Details 8Tender for procurement of bunker discharge gate assembly with electrical actuator Details 8Tender for supply of 11 kV single pole stand alone structure materials complete set Details 8Tender for procurement of spares for main turbine HP control valve Details 8Tender for supply of feeder discharge gate assembly with electrical actuator Details 8Tender for works contract for central stores materials handling Details 8Tender for supply of moving contact for 11kV AB switch Details 8Tender for providing and fixing ACP cladding with fixing steel Details 8Tender for construction of other allied civil works Details 8Tender for service contract for repairing of ventilation duct Details 8Tender for service contract for emergency TIT BIT maintenance Details 8Tender for SITC of 250A/200A MCCB panel on 100/63 KVA DTRs Details 8Tender for replacement of ACSR bare conductor by insulated covered conductor Details 8Tender for work of supply, installation, testing and commissioning of 250A MCCB panel on 100/63 KVA DTRs in various Details 8Tender for shifting of 33 kV, 11 kV, LT lines Details 8Tender for construction of new 11 kV composite feeder on existing 11 kV feeder Details 8Tender for replacement of weasel conductor by aerial bunch cable Details 8Tender for installation of additional 100 KVA transformer Details 8Tender for construction of new 11 kV feeder from 33/11 kV sub-station Details 8Tender for increasing capacity transformer Details 8Tender for replacement of weasel conductor by aerial bunch cable Details 8Tender for annual maintenance work Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 33kV circuit breakers Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 145kV circuit breakers at various substations Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 145kV circuit breakers Details 8Tender for work of feeder re-orientation at 110kV & 220kV substation Details 8Tender for purchase of various capacity of 11 kV CTPT units Details 8Tender for construction of stacking platform and miscellaneous civil works Details 8Tender for work of monkey patrolling of various 220kV & 132kV lines Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8PFC Q3 FY26 profit rises 15% to Rs 4,763 crore on strong loan growth, declares Rs 4 interim dividend Details 8Managing Power Flows: Challenges in renewable integration at the distribution level Details 8Adani Energy delivers 1 crore smart meters across discoms Details 8AM/NS India secures green steel certification under new government taxonomy Details 8Coal India board clears Chile holding company for lithium, copper foray Details 8Suzlon Q3FY26 result: Net profit rises 15% to Rs 445 crore, revenue at Rs 4,228 crore Details 8NHPC Q3 profit dips 3 pc to over Rs 320 crore Details 8Tata Power Q3 profit rises marginally to Rs 1,194 Crore Details 8Telangana scraps extra charges for power line extensions for homes, farmers Details 8Capital Inflows: Recent equity deals in the energy sector Details 8Meeting Sustainability Goals: Green aluminium could be a game changer in the energy transition Details 8Nuclear Power Reforms: SHANTI Act 2025 opens the doors for private sector participation Details 8From projects to power: Budget 2026 bolsters India's solar EPC backbone Details 8Solar Industries projects 15% annual growth with mining and defense expansion Details 8Solis ranks No.1 in India’s rooftop solar inverter market 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 8Apr-Dec period: Coal import for power sector blending plunges 54% Details 8Tata Power eyes small modular reactors, assessing land in three states Details 8Link power tariff hikes to inflation, suggests expert report to 16th FC Details 8POWERGRID commissions Khavda Phase II Part C transmission project Details 8Tata Power profit drops as thermal business weakens Details You can also click on Newsclips for moreDetails
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
Rs. 254 crore award resets the pricing floor for GeM-based mining services
Feb 09: 8A Rs. 254 crore award has landed far below the rest of the competitive band, creating a 28–32% pricing gap in a risk-heavy mining services package.Details
OCM outsourcing tender: Quietly shifts production risk
Feb 09: 8This OCM tender looks like a routine handling-and-transport package, but it is actually a bundled production outsourcing contract.Details
This GIS scope collapses substation and line energisation into one 18-month taking-over clock
Feb 09: 8The schedule is written as if GIS, civil works, and transmission lines share the same critical path. In reality, they don’t — and that mismatch is where claims are born. 8And the utility has made the contractor own the integration risk without explicitly saying so.Details
Kerala state electricity awards Rs. 674 crore turnkey distribution package
Feb 09: 8KSEB has awarded the turnkey distribution infrastructure package at an aggregate value of Rs 674 crore. 8The tender attracted only two bidders through the technical stage, narrowing competitive price discovery in a high-value turnkey format. 8The BOQ-wise outcome indicates a controlled pricing contest rather than an aggressive undercut.Details
Solar locks 1200 MW of firm solar-storage capacity under ISTS-XXI
Feb 09: 8Solar award compresses solar-plus-storage pricing into a band once reserved for plain solar. 8Only one-fifth of offered capacity survives the tariff guillotine. 8The real test now shifts from bidding rooms to construction sites and balance sheets.Details
Thermal, hydro, pumped storage, solar, wind, BESS and T&D contract related activities of the day
Feb 09: 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
Storage classification triggers legal alarm
Feb 09: 8This utility argues that energy storage has no statutory identity under the Electricity Act and folding it into existing asset categories is described as legally unsound. Click on Details for moreDetails
Utility challenges CERC’s depreciation timeline for battery storage
Feb 09: 8Shorter financial recovery periods could deter private investment. Click on Details for moreDetails
Battery ageing enters tariff battlefield
Feb 09: 8Generators argue that ignoring degradation distorts both performance metrics and financial recovery. Click on Details for moreDetails
CEA stays neutral on tariff draft but flags hydro definition gap
Feb 09: 8The authority’s silence on broader provisions contrasts with its precise technical insertion. Click on Details for moreDetails
Kerala: Utility braces for retirement surge exceeding 1,000 employees
Feb 09: 8The scale signals demographic turnover inside the organisation. Click on Details for moreDetails
Feb 09: 8The regulatory question now is whether price volatility qualifies as uncontrollable. The decision will shape future market reliance norms. Click on Details for moreDetails
CERC vs. Powergrid-I: There are many fault lines
Feb 09: 1) Regulator reopens capitalisation claims from previous tariff block for solar transmission case 8Past approvals are not being treated as automatic precedents.
2) Regulator demands proof behind transmission cost escalation 8CERC has formally acknowledged that the Eastern Region Expansion Scheme project experienced cost overrun and has asked the utility to clarify whether revised cost approval is underway.
3) CERC tightens scrutiny on PGCIL solar interconnection transmission tariff claim 8Time overrun explanations and potential liquidated damages adjustments have become central risk variables.
4) Regulator demands loan-level interest proof for tariff approval 8CERC has asked Powergrid to disclose exact floating interest rates sourced from its loan compendium.
5) Regulator seeks appeal status of Tehri PSP before clearing transmission cost claims 8The regulatory rationale for linking appeal status to tariff approval is not explicitly stated.
6) CERC intensifies cost and delay scrutiny on Rajasthan REZ transmission project 8The broader signal points to a tightening regulatory stance on renewable transmission infrastructure cost validation.
7) CERC tightens scrutiny on Powergrid tariff claims for eastern split-bus assets 8The Central Electricity Regulatory Commission has escalated data scrutiny in Powergrid’s transmission tariff filing covering both the 2019–24 truing-up cycle and the 2024–29 control period.
8) Regulator questions capital cost trail for seven PowerGrid telecom transmission assets 8The scrutiny spans both the 2019-24 and 2024-29 tariff periods and beneficiaries may face tariff uncertainty if cost recognition is delayed.
9) Regulator demands loan computation transparency from Powergrid NE transmission tariffs 8The directive raises the compliance bar for tariff filings as transmission financiers and auditors are indirect stakeholders.
10) Regulator demands ACE breakdown before tariff approval moves ahead for Powergrid OPGW tariff petition 8Transmission licensees now face tighter validation on post-commissioning expenditure and financial closure for minor communication assets may slow.
11) CERC flags cost, delay, and financing gaps in Nalagarh ICT tariff case 8Revised capital cost, interest during construction, and liability schedules have been placed under direct scrutiny.
12) CERC flags delay scrutiny in solar-linked transmission tariff case 8Power Grid has been asked to justify time overruns and provide detailed financing cost disclosures before tariff determination proceeds.
13) CERC halts tariff scrutiny pending cost, IDC and delay disclosures in this interstate transmission project 8The directive targets assets linked to renewable generator connectivity at Bikaner-II, a node central to Rajasthan’s green power evacuation corridor.
14) CERC flags cost escalation risks in Powergrid’s North East communication tariff petition 8Beneficiaries and regional utilities could face delayed tariff certainty if responses are deemed insufficient.
15) Regulator demands loan-wise interest workings for Northern Region fibre-optic strengthening scheme 8This shifts scrutiny directly onto financing assumptions underlying capital cost recovery.
16) CERC flags cost overrun in Powergrid’s Hosur ICT tariff petition 8This is after noting an overrun against earlier financial approvals for the 2024–29 control period. Click on Details for moreDetails
Company Updates
Feb 09: Siemens Limited’s Smart Infrastructure segment drove results while Mobility margins stayed thin. 8That means Siemens’ profitability is increasingly concentrated in Smart Infrastructure rather than broadly distributed across divisions. Click on Details for more.
Azad India Mobility Limited’s quarterly sales rebound still sits far below last year’s base. 8If the company cannot re-expand toward that earlier revenue level, profitability improvements risk becoming a low-base optical effect rather than a durable operating reset.
CESC: Generation falls 4% while power purchase rises, shifting the profit mix away from owned supply. 8This means more of the unit economics may be coming from bought power rather than owned generation, which can alter margin stability depending on procurement terms and regulatory pass-through.
GMR Power and Urban Infra’s GKEL fair value depends on dispute settlements and expansion assumptions, not disclosed performance proof". 8That means a meaningful portion of “value” is effectively a bet on claim resolution and operational ramp-up, which are both execution- and adjudication-dependent.
Auditor’s internal control warning undermines Om Infra Limited’s claim of stable execution discipline. 8This means the company’s accounting systems are being questioned at the same time it reports improved quarterly profitability.
"Solarworld Energy Solutions goes to Delhi High Court after SGEL contract suspension and conditional bank guarantee invocation". 8That means the counterparty relationship has moved from execution friction into a court-protection phase, which usually reflects a breakdown in commercial resolution.
Zelio E-Mobility denies any undisclosed trigger behind the share price move. 8It states there is no event or information, including any impending announcement, that may have a bearing on the price or volume movement.
Indian Renewable Energy Development Agency Limited’s Rs 2,994 crore QIP plan caps government dilution at 3.76% 8That means the capital-raise structure is being engineered around ownership optics as much as balance-sheet funding.
Waaree Renewable Technologies Limited’s bank loans get ‘rating watch’ tag . 8That means the market is being told the rating outcome is in flux, with a developing trigger that is not described in the exchange filing.
G R Infraprojects Limited’s profit rose, but the quarter’s tax bill jumped even faster. 8That means the post-tax outcome is materially more fragile than the pre-tax headline implies because a tax swing can erase a meaningful portion of net profit.
Bajel Projects Limited won a ?400 crore order . 8The scope is heavy on 765 kV line construction, which can turn into a right-of-way risk story
ACME Solar Holdings Limited highlights AA- rating for subsidiary debt, not parent balance-sheet strength . 8That means the credit headline is structurally ring-fenced inside one project SPV rather than reflecting consolidated leverage comfort.
Union Budget language drives the merger narrative, while the filing avoids the word ‘timeline’ entirely. 8The catalyst is not a deal document, but a budget speech line that the board treats as a trigger.
Torrent Power adds a Rs 2,000 crore NCD programme, but the filing reads like a reaffirmation note. 8That means the credit signal is stability, while the incremental news is capacity to raise more long-term debt under an unchanged rating band.
ACME Solar Holdings Limited announced a 301 MW FDRE win. 8The bid requires delivery of 4 MWh per MW during non-solar hours with 70% monthly and 85% annual availability obligations.
Star Delta Transformers Limited’s ?53.3 crore revenue hides that profit fell 48% sequentially. 8It means the operational narrative is fragile because higher sales did not protect earnings momentum.
HBL Engineering Limited’s Q3 revenue fell 28% sequentially, turning last quarter’s surge into a fade. 8That means the headline narrative is not “momentum” but volatility, with earnings power swinging by quarter even as the company keeps reporting profits.
Quality Power Electrical Equipments Limited claims ‘no deviation’ while deferring capex and M&A timelines. 8That means compliance is being defined narrowly as “not changing objects,” while execution slippage is still occurring in the use-of-proceeds plan.
Ujaas Energy Limited tells exchanges price movement is ‘market-driven’ and denies any undisclosed event". 8 It states it has not withheld any material information that would have a bearing on the price or volume of its shares and attributes the movement to market conditions.
Sarda Energy & Minerals Limited’s Q3 profit fell 42% sequentially despite a ‘resilient’ press release tone. 8That means the core quarterly signal is contraction, not resilience, and the narrative is doing more work than the numbers Details
Contracting news for the day: Part-1
Feb 09: HPSEBL extends RDSS Shimla circle distribution tenders to 10 Feb, resetting the bid clock 8The move is not just a calendar tweak — it reshapes bidder pricing discipline and participation dynamics in a terrain-heavy EPC package.
Resource adequacy consulting tender tightens technical gates but exposes EMD contradictions 8JERC’s resource adequacy tender is structured like a regulatory production contract, not a standard consulting engagement.
HVPNL extends bid deadline for 132 kV line re-alignment linked to integrated aviation hub at Hisar 8HVPNL has pushed the bid deadline for the Hisar 132 kV line shifting package without changing a single commercial term.
Double bid extension tightens the spotlight on MGR manpower economics 8The owner has extended this GeM tender twice, but the real story sits inside the scope packaging. 8What looks like facility management is structurally a coal logistics operations manpower contract with consumables pushed onto the contractor.
30 MW/75 MWh BESS tender quietly shifts storage from EPC procurement to a financing-and-performance contract 8The bid is being sold as a tariff tender, but its real weapon is the VGF release structure. 8The project forces bidders to finance and operate like an IPP while still carrying grid-integration liabilities like an EPC contractor. 8The clauses look standard until you map where cash actually unlocks.Details
Contracting news for the day: Part-2
Feb 09: This composite tender hard-filters bidders with Rs 8.84 crore EMD and tight turnkey interface risk 8The contract quietly shifts commissioning risk by bundling 400 kV evacuation works and 132 kV mixed OH-UG execution into a single turnkey accountability frame.
MSETCL hardens the TBCB playbook with pre-bid tie-ups for the Balsane AIS project 8MSETCL is quietly changing how risk enters the tariff equation. 8The Balsane AIS project forces bidders to lock execution logic before price discovery. 8This single notice could reshape who wins — and who even dares to bid.
400 kv GIS extension tender ties Navi Mumbai ICT augmentation to 1100 MW connectivity push 8The tender looks standard on the surface, but the real risk will sit in outage sequencing, interface scope, and commissioning accountability.
9th re-tender for 50 MVA augmentation exposes persistent execution-risk mismatch 8The transformer is client-supplied, but the contractor still carries the highest-liability segment: energisation, bay integration, and commissioning at two substations. KSEB’s 20 mva transformer tender tightens delivery control and shifts logistics risk onto OEMs 8KSEB’s latest 20 mva transformer package is not just a supply order — it is a 19-month production programme disguised as a tender. 8The real filters are buried in the delivery logic, banking exposure, and the DSC test gate that quietly separates mature OEMs from everyone else.Details
Regulatory Updates: Part I
Feb 09: 1) GERC freezes wind PPA cost dispute pending Supreme Court curative verdict 8The case also highlights how curative proceedings at the national level can stall state-level regulatory enforcement.
2) Gujarat regulator shuts down capacitor billing plea on jurisdiction grounds 8The decision signals a tightening of procedural discipline and a rejection of attempts to convert regulatory forums into public-interest grievance platforms.
3) Wind industry body withdraws GERC connectivity challenge after new procedure approval 8For renewable developers, the spotlight now moves to how the new connectivity regime will be interpreted and contested in future forums.
4) GERC closes hybrid tariff petition after earlier framework already settled issue 8It also signals that transitional gaps between policy announcements and tariff notifications will not automatically justify interim commissioning rights.
5) Regulator shuts down legacy solar tariff claim after Supreme Court precedent 8The decision reinforces judicial finality in tariff interpretation disputes. For legacy renewable projects, it signals that post-judgment revival attempts face steep legal barriers.
6) Chhattisgarh launches multi-year tariff reset across power value chain 8The regulatory cycle now underway will shape cost flows and tariff structures across Chhattisgarh’s electricity ecosystem for multiple years.
7) DVC: Past cost gaps return to the table 8This shifts the debate from just future projections to legacy financial performance as consumers could see delayed cost adjustments surface in upcoming orders.
8) Regulator begins cost true-up for past Tata utility operations 8The outcome will decide whether utilities recover shortfalls or return excess collections.
9) Regulator opens last consultation gate before tariff rule rewrite 8Generators, transmission licensees, and bulk consumers now face a narrow window to defend cost recovery positions.
10) UPPCL warns revised norms may weaken DISCOM cost recovery 8The utility argues this would strain already fragile state distribution finances.
11) Utility challenges storage tariff framework, seeks tighter regulatory control 8A major state utility has questioned the legal and financial architecture proposed for integrating energy storage into India’s central tariff framework.
12) Legacy control systems enter fresh tariff cycle 8Digital grid control infrastructure commissioned nearly a decade ago is now financially reset for another five-year period.
13) MAT-linked RoE shield protects transmission returns 8Despite capital corrections, return on equity remains insulated through tax gross-up using notified MAT rates and this preserves investor returns irrespective of tax regime variability.
14) Delay shadow hangs over RE transmission build-out in Rajasthan 8This timing shift raises regulatory focus on whether cost overrun justifications will hold as beneficiary utilities now face tariff flows tied to delayed infrastructure.
15) Regulator wipes out delay risk for NER assets 8The Commission ruled there was no time overrun in the commissioning of all three assets and this removes exposure to delay-linked cost disallowance. Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 09: 81) Bihar SLDC filing moves to “reserved order” stage after Patna hearing on 6 February 2026 Click on Details for more
82) Bihar Commission reserves decision on BSPTCL’s FY2026-27 transmission tariff and ARR petition Click on Details for more
83) Bihar RE generic tariff for FY2025-26 heads to final order after only BSMA files comments Click on Details for more
84) BSHPCL true-up for FY2016-18 hits “readable annexure” gate as Bihar Commission reserves decision Click on Details for more
85) SBPDCL gets 15 Feb deadline to answer Rs 0.35/unit hike objections as Bihar tariff hearing closes Click on Details for more
86) Bihar tariff record reserves order but mandates NBPDCL response loop on objections by 15 February 2026 Click on Details for more
87) Bihar clears SLDC capex plan but rings-fences R&M elements in Rs 17.75 crore project basket Click on Details for more
88) Uttarakhand regulator opens tariff consultation with four public hearings from 18–27 February 2026 Click on Details for more
89) Maharashtra State Electricity Distribution Company Limited (MSEDCL) review case sees repeated Pune objector roster in de novo hearing record Click on Details for more
810) Maharashtra State Electricity Distribution Company Limited (MSEDCL) review hearing record repeats Amravati objector list without tariff detail Click on Details for more
811) Bihar State Power Holding Company Ltd. (BSPHCL) gets 190 MW peak-power approval at Rs 4.72/kWh Click on Details for more
812) DERC cuts BSES Yamuna Power Ltd. (BYPL) PPAC claim to 2.96% for 09.02–08.05.2026 Click on Details for more
813) Bihar regulator clears BSPTCL 64-project capex plan, but locks cost scrutiny to truing-up gates Click on Details for more
814) Bihar State Power Holding Company Ltd. (BSPHCL) gets 450 MW FDRE cleared at Rs 6.74/unit, CERC adoption rider Click on Details for moreDetails
UPERC Regulatory Upadate
Feb 09: 81) UPERC rejects Section 142 plea, underlines no power to quash FIRs or entertain writ petitions Click on Details for more
82) UPERC clears Ghatampur Transmission’s security package, but bars licence transfer without fresh approval Click on Details for more
83) UPERC admits KGBB Agritech’s plea to route power from Unit-2 to Unit-1, sets April hearing Click on Details for more
84) UPERC lets South East U.P. transmission firm add 233-day SCOD extension prayer, sets April hearing Click on Details for more
85) NPCL’s tariff filing moves to consultation stage; UPERC flags TVS issues and further data directions Click on Details for more
86) UPERC keeps Supply Code interpretation issue open, grants Ayesha Steel time to supplement pleadings Click on Details for more
87) UPERC demands consolidated report for 474 obligated entities, ties compliance monitoring to quarterly reports Click on Details for more
88) UPERC gives Jubilant Pharmova a final four-week window to justify Supply Code exemption against NPCL Click on Details for more
89) UPERC admits State DISCOM ARR filings, orders public notice within three working days Click on Details for more
810) UPERC admits NIDP Developers ARR petition, condones five-day delay under fees and fines regulation Click on Details for more
811) UPERC fixes 12 March hearing on Lalitpur Power Generation’s interest/carrying cost claim against UPPCL Click on Details for more
812) UPERC sets 12 March hearing on Lalitpur Power Generation’s interest/carrying cost claim on 03.06.2022 dues Click on Details for more Details
CERC vs. Powergrid-II: High stakes game
Feb 09: 1) Regulator tightens data scrutiny for AGC redundancy transmission assets 8Transmission cost recovery now hinges on documentary precision.
2) Regulator seeks fresh cost proof for Delhi substation project from Powergrid 8The demand targets legacy capital expenditure now being trued up.
3) Regulator seeks RLDC proof before recognising asset charging 8The Commission has demanded a formal RLDC charging certificate, placing operational proof at the centre of tariff admissibility for Delhi transmission assets.
4) Date discrepancy in NCT approval triggers regulatory scrutiny 8The Commission has questioned inconsistencies in the reported date of the 28th NCT meeting in Powergrid Hassan ICT tariff.
5) CERC flags data gaps in ERSS-XV tariff filing, seeks detailed financial disclosures 8The move reinforces CERC’s sharper focus on data integrity before approving multi-year transmission tariffs.
6) Regulator reopens legacy capitalisation trail tied to transmission cost recovery tied to the Rihand system 8This raises questions over whether earlier deferrals are being repeatedly rolled forward.
7) Regulator flags financial model gaps in Powergrid tariff filing for this transformer upgrade 8The regulator is signaling that spreadsheet-level traceability is now mandatory.
8) CERC halts ERSS-XIV tariff process pending fresh cost and asset disclosures 8The development underscores rising regulatory emphasis on documentation discipline in multi-year transmission cost recovery.
9) Regulator demands delay accountability in RE transmission project 8CERC has ordered Powergrid to produce detailed, activity-wise delay explanations for four transmission assets linked to renewable evacuation.
10) CERC flags data gaps in Powergrid’s Bhadla transformer tariff petition 8The move places the Bhadla pooling station upgrade under intensified regulatory scrutiny just as the sector transitions into the 2024–29 control period.
11) Regulator questions cost escalation in southern grid upgrade 8The Commission has formally acknowledged that the project cost has exceeded earlier apportioned benchmarks
12) Regulator demands dual-period financial forms for Itarsi–Dhule transmission tariff 8This suggests the Commission is validating continuity between legacy capitalisation and new control-period claims.
13) Regulator demands COD proof for key Northern transmission communication asset 8This affects capitalization timing and associated depreciation and return claims. Beneficiary utilities could see delayed cost pass-through if approval is deferred.
14) CERC halts tariff processing for Indore fault-level control scheme 8By demanding revised cost estimates, spares accounting, and delay justifications, the Commission has signaled tighter verification before capital cost recognition.
15) Delay justification becomes central fault line in Pune ICT tariff review 8The regulator is not accepting aggregated delay narratives and instead seeks activity-level scheduling evidence.
16) CERC flags data gaps in Powergrid’s western region communication upgrade tariff plea 8The Commission has demanded fresh disclosures on cost financing, construction delays, and interest calculations before it proceeds further.
17) CERC flags data gaps in Bhutan-linked transmission communication tariff case 8By calling for liability flow statements, cost forms, and justification for time overruns, the regulator is signalling heightened scrutiny over capital efficiency and schedule discipline.
18) CERC flags cost and IDC gaps in Powergrid’s ERES-XXXI tariff bid 8This indicates potential divergence between original filings and prudence expectations Click on Details for moreDetails
Market Round-up
Feb 09: 1) Liquidity vanished on two venues as real-time hit the cap 8On 2026-02-07, real-time MCP touched Rs 10,000.00/MWh at 07:00 (T29), while two other venues printed zero/blank through the same blocks. Inference: participation concentrated into one marketplace, turning early blocks into a thin-liquidity spike zone (price cap with no offsetting depth elsewhere). Why it matters: when liquidity fragments, a single venue’s scarcity prints become the de-facto national reference, amplifying procurement risk for intraday balancing.
2) Day-ahead lost the plot against real-time before breakfast 8On 2026-02-07 at 06:45 (T28), real-time MCP surged to Rs 9,999.32/MWh while day-ahead at the same block was Rs 4,600.01/MWh (basis +Rs 5,399.31/MWh). Inference: the shock is intraday-specific (not “priced in” day-ahead), consistent with a sudden balancing shortfall rather than a gradual demand trend. Why it matters: a +Rs 5.40/kWh basis is a direct cost escalator for buyers leaning on RTM to correct schedules.
3) An afternoon price floor cracked despite normal day-ahead levels 8On 2026-02-08 at 15:45 (T64), real-time MCP collapsed to Rs 188.38/MWh (Rs 0.19/kWh) while day-ahead for the same block stayed at Rs 1,767.00/MWh. Inference: the drop looks like a localized surplus pocket (or aggressive sell bidding) that RTM cleared but DAM did not reflect at the same granularity. Why it matters: extreme intraday downside can destabilise dispatch incentives-good for opportunistic buyers, risky for flexible generators counting on shoulder-hour revenues.
4) Real-time prices fell when volumes rose-consistently, not occasionally 8Across 2026-02-06 to 2026-02-08, real-time MCP and real-time cleared volume moved inversely in the same blocks (lag 0 correlations: ρ≈-0.43, -0.52, -0.79 by day). Inference: higher cleared volumes coincided with lower scarcity pricing, suggesting RTM tightness was driven by “thin” periods rather than uniformly high demand. Why it matters: risk management should watch liquidity/participation as much as demand-thin blocks can be costlier than peak blocks.
5) Renewables carried the peak, but the system still leaned on balancing 8On 2026-02-07 (solar hours 07:00–17:00), max demand met was 235,957 MW at 09:43, with wind 4,507 MW (1.91%) and solar 57,834 MW (24.51%)-total VRE 62,340 MW (26.42%). Inference: even with VRE >26% at peak, the market still showed severe intraday stress earlier that morning, pointing to timing/ramps rather than “not enough energy.” Why it matters: policy focus shifts from adding MWh to ensuring flexible MW-otherwise volatility survives even on “good renewable” days.
6) Pumped storage turned net-pumping even with zero peak shortage flags 8For 2026-02-08, the PSP daily report shows Peak Shortage (MW) as 0, while the Schedule(MU) line contains negative entries (net pumping) alongside positive ones. Inference: PSP was used for energy shifting/market economics (charging during softer blocks), not as an emergency shortage plug. Why it matters: PSP behaviour can steepen intraday spreads-supporting low-price valleys and setting up sharper peaks when discharge is reserved.
7) North thermal missed the day’s program-hydro didn’t fully cushion it 8On 2026-02-05, Northern Region thermal generation was 776.60 MU vs program 970.79 MU, while hydro was 107.50 MU vs program 115.62 MU. Inference: the thermal shortfall is large enough that any next-day scheduling reliance would push buyers toward intraday correction, raising exposure to RTM spikes. Why it matters: when the base slips, balancing costs rise first-and they show up as volatile intraday MCP, not as a neat monthly adjustment.
8) Coal stress showed up as “zero cover” flags at a large station 8On 2026-02-07, a 1,320 MW station line shows PLF at 0% and “Stock vis-à-vis normative” printed as 0.0, with receipt and consumption also printed as 0.0 (flagged line item). Inference: this looks like a non-running/constraint condition with coal logistics not flowing that day-exactly the kind of hidden fragility that can spill into short-notice balancing. Why it matters: even isolated stoppages reduce system slack; the market then prices “surprise scarcity” into a handful of blocks at punitive rates. Click on Details for moreDetails
Miscellaneous Update: Part I
Feb 09: 1) India’s ISTS transmission losses ease as renewable-heavy daytime flows improve grid efficiency 8The most loss-intensive periods remain early-morning low-load hours and evening ramp windows, where directional stress and reactive flows typically rise.
2) Nighttime loss volatility remains structurally high 8Loss swings in late night blocks remain wide, often crossing 5%. This volatility suggests unstable low-load voltage and reactive conditions (R1)
3) Rajasthan dispatch stack shows coal dominance as gas and liquid units price out of the system 8But a regulatory revision in state sector tariffs has reshuffled merit positions, indicating that commercial decisions - not just fuel efficiency - are influencing dispatch order.
4) Rajasthan discom adopts sports performance pay incentives for employees 8Staff delivering standout performances at national and international competitions will now receive structured personal pay increments linked to their pay level.
5) HESCOM: Refunds ordered even as losses accumulate 8How did it end up doing so
6) CESC Mysuru: Large financial totals suggest settlement-style processing rather than routine billing 8Such scale typically aligns with staff settlements, arrear adjustments, or major financial reconciliations.
7) HVPNL: February payout locks in large cash outflow from state transmission utility 8Transmission operations remain unaffected, but treasury planning tightens. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 09: 8ICRA assigns BB- (Stable) to Umariya Green Energy’s Rs 200 crore term loan; DCCO July 2027. Click on Reports for more. 8C.S.P. Distribution seeks 300 MW evening power for March; reverse auction on 18 Feb. Click on Reports for more. 8Damodar Valley Corporation seeks 400 MW April evening thermal supply via HPX reverse auction. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW thermal supply for April 2026 mornings via HPX reverse auction.Click on Reports for more. 8Chhattisgarh Discom seeks up to 450 MW in March 2026 via HPX reverse auction windows. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW evening power for April via PXIL reverse auction. Click on Reports for more. 8Rajasthan Urja Vikas seeks 500 MW thermal power via HPX reverse auction for April 2026 delivery. Click on Reports for more. 8IRENA’s PV supply-chain cost tool is framed as “directional”, built on documented assumptions. Click on Reports for more. 8IRenewables plus nuclear are projected to reach about half of global generation by 2030. Click on Reports for more. 8KSH repays Rs 226 crore of debt in late December 2025; debt-to-equity stated at 0.42x. Click on Reports for more. 8Rooftop solar subsidy in PM Surya Ghar is capped at Rs.78,000 for systems ≥3 kW. Click on Reports for more. 8KESCO review flags year-end reset risk in UPPCL power purchase bills; quarter profit Rs 10.24 crore. Click on Reports for more. 8HPX fixes Feb 9 reverse auction window for DVC’s 400 MW April 18:00–24:00 requirement. Click on Reports for more. 8PSTCL sets bonus provision formula using Labour Commissioner minimum wages, with specific JV booking heads. Click on Reports for more. 8DVC seeks 300 MW March evenings via HPX reverse auction. Click on Reports for more.Details
Power Committee Updates
Feb 09: 1) North Eastern Grid: Planning to risk management 8The North Eastern region is entering a phase where operational discipline, funding clarity, and regulatory compliance will determine grid resilience more than asset creation alone.
2) Metering failures: The weakest link that won’t heal in the North East 8Despite years of discussion, SEM data gaps persist across multiple states. The 45-day ultimatum marks a rare escalation. Metering has quietly moved from a backend issue to a compliance red flag. Continued failure could undermine settlement credibility.
3) Why is India’s hydro generation losing its balancing power-literally 8Country’s clean flexibility resource is becoming unreliable just when it’s most needed.
4) Shutdowns everywhere, headroom nowhere: How transmission execution is colliding with a stressed southern grid 8What emerges is a pattern: national infrastructure projects, renewable evacuation lines, and deferred commissioning milestones are all competing for shutdown windows that the grid can no longer comfortably provide.
5) The shutdown economy in India’s power sector: When every transmission outage becomes a negotiation 8Repeated shutdown requests now resemble commercial negotiations rather than technical clearances. The OCC is weighing megawatts of lost ATC against months of delayed project execution. This is no longer outage planning - it is risk pricing. The Southern grid is effectively operating on borrowed margins. Click on Details for moreDetails
Daily forward looking import matrices
Feb 09: 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
Download tenders and newclips
Feb 09: For reference purposes the website carries here the following tenders: 8Tender for providing and laying of water proofing treatment work over roof Details 8Tender for enabling works Details 8Tender for running contract for erection maintenance dismantling of electrical networks Details 8Tender for supply of switch fuse Details 8Tender for operation & maintenance work of drawl & supply of brackish water from bore wells / ponds Details 8Tender for supply of various types miscellaneous consumable items Details 8Tender for misc civil work Details 8Tender for oil leakage attending with complete overhauling of 25 MVA, 15/6.75KV station auxiliary transformer Details 8Tender for supply of LT three phase channel cross Arm Details 8Tender for strengthening and providing protective coating in the RCC/ PSC structures in conveyor Details 8Tender for supply of V cross arm Details 8Tender for providing 1X160 MVA, 220/132 kV hot T/F and associated bays Details 8Tender for supply of hot dip galvanised 4.5 m extension (10nos)for 110 kV D30 tower including bolts and nuts Details 8Tender for development of 400 kW grid connected roof top solar power project Details 8Tender for shifting of precast RCC box culverts Details 8Tender for supply, erection, commissioning of LT MCC Details 8Tender for horticulture & green belt management Details 8Tender for supply of various transmitters Details 8Tender for adding LT ABC for street main Details 8Tender for interlinking 11 kV feeders Details 8Tender for installation of 10Nos RMUs feeder Details 8Tender for creation of 2 No. 220kV line bays at 220 kV substation Details 8Tender for creation of 5 no. 132 kV AIS line bays Details 8Tender for augmentation of 220kV substation Details 8Tender for supply of thermocouple and RTD etc Details 8Tender for work of insulation work on boiler and its auxilliaries turbine piping and equipments Details 8Tender for fabrication, painting, supply and erection of stringer channel assembly for 1400mm belt width conveyor Details 8Tender for work of sealing rings for 210 MW LMW design turbine Details 8Tender for procurement of stay set complete Details 8Tender for supply of 11kV AB switches 200 Amps with 11kV PT insulators Details 8Tender for supply of HS type straight joint Kit suitable 11kV 3X300 sqmm XLPE UG cable Details 8Tender for renovation work including painting of control room Details 8Tender for development of drainage system and construction of concrete Details 8Tender for desilting tank covering, access upgrades and protection worksDetails 8Tender for operation and maintenance of 11 kV, LT lines Details 8Tender for execution of sub station operator (SSO) works and operation and maintenance of 33 kV, 11 kV, LT lines Details 8Tender for replacement of burnt and damaged AB cable Details 8Tender for replacement of ACSR conductor by covered conductor Details 8Tender for construction of 02Nos 2x5MVA substation Details 8Tender for repair and maintenance with major overhauling of 45 MT gantry crane of power station Details 8Tender for ARC for laying of HT underground cable Details 8Tender for supply of filled CO2 gas cylinders for generator CO2 flooding system Details 8Tender for supply of H.V. bushings of power transformers installed Details 8Tender for supply and installation of FRP pipe & supply of FRP bend Details 8Tender for supply of MS hot dip galvanized grills for various Details 8Tender for supplying and compaction of earth filling at the 66 kV sub station Details 8Tender for supply of various carpentry work material for day to day maintenance work Details 8Tender for work of repairing of various pulleys of conveyor belts and miscellaneous work Details 8Tender for service contract for VFD tray VS live frame and wagon tippler chalk beam Details 8Tender for biennial maintenance contract for mechanical maintenance work in dry ash system Details 8Tender for construction of temporary 33/11 kV sub-station Details 8Tender for renovation work (civil works) Details 8Tender for construction of one(01) no. of temporary 33/11 kV sub-station Details 8Tender for UG cable work for the erection of 33 kV incoming feeder lines Details 8Tender for construction of one(01) no. of temporary 33/11 kV sub-station Details 8Tender for rate contract for installation of various Details 8Tender for supply of complete LP water pump Details 8Tender for strengthing of damaged power transformer Details 8Tender for renovation of transformer plateform, yard leveling Details 8Tender for renovation of control room by replacing broken stone patti slab by RCC and other repair works of yard Details 8Tender for const. of retaining wall, approach and other works at 33 kV S/S Details 8Tender for supply of spares for air compressors Details 8Tender for requirement of ASCO make solenoid valves with coils and its spares Details 8Tender for procurement for various rotor stands Details 8Tender for assistance in carrying out miscellaneous routine maintenance works of 132kV substation Details 8Tender for supply, erection and commissioning of 132/33kV transformer (HV and LV) CandR panel Details 8Tender for assistance in carrying out miscellaneous routine maintenance works of 132kV substation Details 8Tender for supply of decentralized material Details 8Tender for work and decentlized material Details 8Tender for supply of decentralized material Details 8Tender for carrying coal dozing works like levelling, ramping, spreading away from stacking Details 8Tender for supply, erection, testing and commissioning of new inergen- IG 541 fire suppression system Details 8Tender for Bi-annual rate contract for survey & route alignment using modern techniques for various 66/132/220kV transmission lines Details 8Tender for supply, erection, testing & commissioning of 132 kV 1C × 800 sq.mm, 2 ×(3+0) XLPE underground cable Details 8Tender for construction of 66kV/220kV transformer bay Details 8Tender for construction of 66kV/220kV transformer bay & feeder line bays Details 8Tender for repairing and retrofitting work of various Details 8Tender for annual maintenance contract for routine, preventive, shut down and emergency maintenance of TG, boiler, ESP area and BOP electrical auxiliaries installed Details 8Tender for annual maintenance contract for preventive maintenance, defect attending, emergency work and overhauling of electrical equipment/auxiliaries Details 8Tender for work of rate contract for supply of required of spares, repairing & testing of healthiness of NIFPS along with demonstration at various EHV substation Details 8Tender for extending HT ABC Details 8Tender for Re-conductoring of LT line Details 8Tender for biennial contract for maintenance work of drinking service water supply line and miscellaneous repairing work Details 8Tender for procurement of pressure transmitter and differential pressure transmitter Details 8Tender for life enhancement of the beams under the rail line Details 8Tender for refurbishment of under carriage set Details 8Tender for structural steel work Details 8Tender for laying of 33 kV and 11kV XLPE cable Details 8Tender for work of conducting mandatory energy audit through accredited energy auditor Details 8Tender for breakdown, periodical, preventive and shut down maintenance of 220 kV switchyard, 66 kV switchyard Details 8Tender for const. of tubewell at various 33/11 kV s/s Details 8Tender for const. of fire wall for power transformer Details 8Tender for P/F FRP fencing work at various Details 8Tender for augumentation and expension of control room with other allied additional works of 33 kV S/S Details 8Tender for construction of tubewell for power earthing and water supply arrangement Details 8Tender for annual repair of tube well Details 8Tender for P and F yard lights at various 33 kV S/S Details 8Tender for augmentation and expension of control room with other allied additional works of 33 kV S/S Details 8Tender for replacement of damaged wornout obsolete railways track Details 8Tender for replacement of existing 1X25MVA, 220/33kV power transformer Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8MNRE’s fourth ALMM cell update strengthens India’s solar supply chain Details 8India, Seychelles to boost defence, blue economy, renewable energy ties Details 8Mumbai strengthens grid with completion of 1,000 MW renewable energy Kudus–Aarey HVDC corridor Details 8J&K harnesses just 24 percent of hydropower potential; capacity set to double by 2028 Details 8J&K Hydro power capacity to cross 7300 MW Details 8Coal India CMD urges employees union to exempt coal industry from one-day planned strike on 12 Feb Details 8With a remarkable capacity of 253.96 GW, India’s power sector advances towards a future in renewable energy Details 8AESL secures Japanese green finance for major HVDC transmission project Details 8DEE wins largest-ever Rs 90 crore windmill tower contract Details 8Improving Asset Performance: Automation, analytics and digitalisation define solar O&M strategies Details 8Pahal Solar expands manufacturing capacity to 3GW; receives ALMM approval and BIS 2023 certification Details 8India and Malaysia boost ties; focusing on energy, semiconductors, and defence Details 8Galaxy solar signs Rs 10,080 Crore MoU with maharashtra government to boost solar manufacturing and Infrastructure Details 8CERC Adopts tariffs for 2,100 MW firm and dispatchable renewable energy with storage Details 8Green power reaches a choke point, and the search is on for a way outv Details 8Electricity Price Volatility: Strategies to stabilise prices in India’s spot electricity market Details 8Radiance secures $100M for India green energy expansion Details 8L&T plans 32 MW data centre capacity by March-end, eyes electrolyser orders Details 8Government to constitute high-level panel on banking soon: Finance Minister Details 8Global electricity demand to surge over 3.5% annually through 2030, says IEA report Details 8Karnataka energy dept to focus on solar power Details 8Tata Power vs Adani Power: which company will lead India’s power Sector Details 8India Energy Stack v0.3: One-stop digital platform for electricity data Details 8Beyond NTPC: 3 ‘atomic’ underdogs positioned for India’s proposed Rs 20,000-crore PLI Details You can also click on Newsclips for moreDetails
Download tenders and newclips
Feb 07: For reference purposes the website carries here the following tenders: 8Tender for repairing and renovation of transformer accessories Details 8Tender for procurement and installation of LED based smart street lighting system Details 8Tender for work of stator rewinding of 66kV 3500KW 1485 RPM 371A boiler feed pump motor Details 8Design, fabrication, supply, installation, testing, commissioning of total of 10HP DC solar water pumping system Details 8Design, supply, installation, testing, commissioning of total 210 kW capacities of grid connected solar PV plant Details 8Design, supply, erection, testing and commissioning of 13 No. 220/66/11kV, 160MVA power transformers Details 8Tender for refurbishment-renovation of existing project Details 8Tender for supply, erection, commissioning & O&M of constrcution power supply system package Details 8Tender for unified civil annual M and R works At various voltage sub-stations Details 8Tender for M and R works at various voltage transmission sub-stations Details 8Tender for supply, erection, testing & commissioning of 33 kV outdoor vacuum circuit breaker Details 8Tender for work of overhauling & complete rewinding of 2 MVA, 3.3 kV/33 kV generating transformer Details 8Tender for operation and maintenance work of air conditioning system Details 8Tender for procurement of spares of screw type lubricating oil pump of various auxiliaries Details 8Tender for procurement of various size HT fasteners used Details 8Tender for repair & strengthening work of induced draft cooling tower Details 8Tender for providing chain link fencing Details 8Tender for procurement of 1500 Nos ISI MARKED insulated Details 8Tender for desilting of raw water reservoir Details 8Tender for construction of RCC road along with tit-bit renovation of switchyard Details 8Tender for renovation modification and roof treatment Details 8Tender for renovation and roof treatment Details 8Tender for procurement of throat plates and bottom cone for U#3 coal mill overhauling Details 8Tender for procurement of cylinder head assy,liner and cylinder liner gasket kit Details 8Tender for comprehensive biennial maintenance contract for room, tower and duct-able Details 8Tender for regular water supply by operating valves pumps buster pumps etc Details 8Tender for biennial rate contract for different cable laying and associated work Details 8Tender for supply of 2000Nos of GI earth pipe Details 8Tender for operation and maintenance of pressurized dense fly ash collection system Details 8Tender for supply of GI earth pipe Details 8Tender for erection of 110 kV DC line on DC tower by making LILO in the existing Details 8Tender for erection, dismantling transportation of poles, distribution transformers, HT/LT lines Details 8Tender for daily maintenance in three shifts checking of fire water pumps, equipments Details 8Tender for establishment of material testing laboratory Details 8Tender for construction of 33 kV bay at 33/11kV sub-station Details 8Tender for replacement of existing old 9-unit control panel Details 8Tender for major overhauling along with supply of spares of the 37.2 MW steam turbine Details 8Tender for upgradation of hydraulic system/ powerpack Details 8Tender for annual contract for industrial housekeeping of power house Details 8Tender for engagement of an independent engineer as per the coal mining agreement Details 8Tender for repair and maintenance of damaged chajjas lintels column beam Details 8Tender for rehabilitation of old waterfall Details 8Designing, fabricating, testing, installing and fixing in position curtain wall with aluminum composite panel cladding Details 8Tender for restoration of hill slide with providing protection wall along Details 8Tender for repair of damaged portion of retaining wall Details 8Tender for demolition and removal of damaged left RCC abutment along Details 8Tender for repair of spillway apron and downstream protection Details 8Tender for diversion tunnel construction adit including Details 8Tender for renovation of 33/11 kV S/Stn. Details 8Tender for replacement of DP/FP structures with towers Details 8Tender for procurement of spares of USHA compressors make silo blower Details 8Tender for biennial work contract for providing assistance Details 8Tender for up gradation of turbine governing EHC and LP bypass EHC system Details 8Tender for execution of electrical works upto 11 kV HT /LT level Details 8Tender for setting-up of 16 MW/40 MWh battery energy storage system Details 8Tender for replacement of DTR cables for smart metering Details 8Tender for replacement of old damage PVC cable for smart meter installation Details 8Tender for erection, dismantling transportation of poles, distribution transformers Details 8Tender for procurement of rails and its accessories Details 8Tender for replacing the damaged cement slabs Details 8Tender for renovation of the existing defective air ventilation system by modification renewal of worn out parts Details 8Tender for supply and installation of phase synchronizing device (PSD) for 420 kV circuit breakers. Details 8Tender for three years rate contract for supply of FD & PA fan blades Details 8Tender for supply of conveyor belts Details 8Tender for soil investigation in connection with the upgradation of 110kV SC line Details 8Tender for laying of 33 kV cable Details 8Tender for construction of control room at 110kV substation Details 8Tender for carrying out dyuthi 2.0 HT works Details 8Tender for supply of 33 kV pins Details 8Tender for supply of ACSR DOG conductor Details 8Tender for supply of 33 kV porcelain type pin insulator Details 8Tender for supply of 11 kV porcelain type pin insulator Details 8Tender for supply of ISI marked 11 kV aluminium conductor Details 8Tender for purchase of 80 MVA 132/33 kV auto transformer Details 8Tender for purchase of 200 MVA 220/132 kV auto transformer Details 8Tender for purchase of 33 kV single phase 2.4 kVAR and 1.2 kVAR dry type series reactors Details 8Tender for disc replacement work of 132 kV SC line Details 8Tender for augmentation work of 132kV transformer Details 8Tender for augmentation work of 40/50 MVA transformer Details 8Tender for extension of battery room & PLCC room Details 8Tender for annual repair of roof leakage Details 8Tender for annual contract for mechanical maintenance of BOP and DM plant Details 8Tender for requirement of spares of turbo supervisory system Details 8Tender for outsourcing of ETC of addl 02 no 20 MVA power TFs Details 8Tender for construction of additional TF plinth and allied civil works at the 66kV sub station Details 8Tender for construction of additional TF plinth and allied civil works Details 8Tender for construction of all technical civil works at the 66kV S/S Details 8Tender for AMC for work of overhauling/servicing with spares of 11kV circuit breakers of various at various substations Details 8Tender for work of various routine, preventive and breakdown maintenance of feeder breakers Details 8Tender for work of as & when required rate contract for online leak sealing services for high pressure/temperature valves, lines etc. Details 8Tender for misc. civil works required Details 8Tender for supply of various LT cables and LUGs Details 8Tender for bi- annual rate contract of transportation including loading, unloading & stacking of material /equipment Details 8Tender for erection of equipment and structure, control wiring, yard Details 8Tender for work of complete overhauling of boiler pressure part, coal burners Details 8Tender for procurement of various types of valves Details 8Tender for work of overhauling & re-commissioning of R.O. feed pumps Details 8Tender for work of erection of 220/66kV 100MVA transformer bay with 66kV bus extension with associated Details 8Tender for work of providing and fixing high voltage busbar insulation tape, and heat shrinkable busbar insulating tubing at various Details 8Tender for supply of 02 Nos. of 5kV insulation tester with accessories Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8Jharkhand dhanbad demands coal mining penalties from firms Details 8Death toll rises to 18 in coal mine blast in northeast India Details 8NSE to set up coal exchange subsidiary, plans Rs 100 crore capital infusion Details 8Renewable energy news: NTPC, Vestas, CWP Energy Details 8India’s rare earths push finds possible ally in Germany’s wind energy needs Details 8India is our hope’: New Delhi can cut solar dependence on China now, industry expert tells Firstpost Details 8Initial testing of Banswara atomic power project expected by FY33: Naik Details 8Govt extends bid submission deadline of auction round OALP-X to May Details 8Jupiter International secures Silver Award at Green Urja Awards Details 8Vietnam more cost-competitive than India in cell, PV module production, says IRENA Details 8India wraps up 1.2 GW renewables-plus-storage tender at $0.069/kWh Details 8Simplex infrastructures secures Rs. 91.96 Crore power sector contract Details 8Power ministry rolls out India energy stack v0.3 framework Details 8From 25 crore ACs to AI data centers: The massive energy shift powering these 3 stocks Details 8Insolation energy appoints former IAS officer shreemat pandey as additional independent director Details 8Advait Energy Transitions emerges winning bidder for tender issued by Power Grid Corporation of India Details 8The difference between power transmission and distribution Details 8Serentica Renewables secures major SECI allocation Details 8Coal India commissions first 5 MW solar power plant on OB Dump, Cuts 8,190 Tonnes of CO annually Details 8India pushes green technologies to power more sustainable food processing industry Details 8SJVN’s Rampur hydro station generates 2000 MU in record time Details 8India Energy Stack (IES) Taskforce releases Version 0.3 strategy and architecture documents Details 8NTPC Appoints Kishore Chandra patra as head of project at 2,600 MW Korba Power Station Details 8India AI stack: powering intelligence, turning data into real-World impact Details You can also click on Newsclips for moreDetails
Feb 06: 8Instead of allowing the standard 90% interim tariff, the Commission limited recovery to 75%, citing the unusually large share of financing costs embedded in the project’s capital base. 8The ruling signals a tougher regulatory stance on legacy hydro delays entering the new tariff period. Click on Details for moreDetails
Cummins India’s Flat Revenue Masks a Margin Boost — But the Driver Isn’t Clean
Feb 06: 8Cummins India Limited’s flat revenue masks a margin boost 8And where does that come from? Click on Details for more.Details
Kerala moves to lock long-term power adequacy under binding planning rules
Feb 06: 8Kerala’s power regulator has unveiled a draft framework that formally shifts the state into structured, forward-looking resource adequacy planning. Distribution utilities will now be required to forecast demand over a 10-year horizon and tie up firm capacity aligned with national planning reserve margins. Click on Details for moreDetails
Kerala mandates 24x7 supply, auto-compensation, and strict reliability tracking
Feb 06: 8The overall direction points to a shift from reactive grievance redressal toward real-time regulatory surveillance of distribution performance. Click on Details for moreDetails
D.B. Corp’s rooftop solar push collapses
Feb 06: 8Find out what really happened. Click on Details for more.
Details
Cross-border transmission asset locked into revised tariff discipline through 2029
Feb 06: 8Bangladesh remains the primary paying beneficiary, meaning the financial impact flows outward rather than across Indian DISCOMs. Click on Details for moreDetails
Northern grid disturbances shift from equipment failures to inverter-driven instability between December and January
Feb 06: 8The most striking anomaly was a nearly 3.8 GW instantaneous RE generation loss in Rajasthan during a voltage dip and overvoltage cascade. For operators and regulators, the tension is no longer just equipment reliability, but dynamic stability in a grid with rapidly rising inverter-based generation. Click on Details for moreDetails
India’s grid absorbs a 5.5 BU winter demand surge without slipping into shortage
Feb 06: 8The data signals strong generation availability, coordinated dispatch, and sufficient fuel logistics during a period that typically tests thermal fleet resilience. For system operators and regulators, the takeaway is clear: reliability held firm even as winter demand climbed Click on Details for moreDetails
Parliamentary Briefs
Feb 06: 8Progress in Power Generation (Lok Sabha) Details 8Current Status of Installation of Smart Meter (Lok Sabha) Details 8Share of Non-fossil Fuel Sources in Total Installed Capacity (Lok Sabha) Details 8Increasing Demand of Electricity (Lok Sabha) Details 8Loss suffered by SEBs (Lok Sabha) Details 8Power Supply in Rural Areas (Lok Sabha) Details 8Installation of Smart Pre-paid Meters in Jamui (Lok Sabha) Details 8Policy for the Large-scale implementation of Insulated Conductors (Lok Sabha) Details 8Setting up of Thermal Power Plants in Bihar (Lok Sabha) Details 8Power Distribution Projects in Budaun (Lok Sabha) Details 8Frequent Power Cut during Peak Hours (Lok Sabha) Details 8Setting Up of Nuclear Projects by NTPC (Lok Sabha) Details 8Financial Status of DISCOMs (Lok Sabha) Details 8Power Demand (Lok Sabha) Details 8Cross-Border Power Trade (Lok Sabha) Details 8Agricultural Feeders under DDUGJY (Lok Sabha) Details 8Desiltation and Sediment Management Proposal prepared by BBMB (Lok Sabha) Details 8Carbon Credit Trading Scheme (Lok Sabha) Details 8Financial Losses of DISCOMs (Lok Sabha) Details 8Effectiveness of Carbon Market (Lok Sabha) DetailsDetails
Market Round-up
Feb 06: 1) Morning DAM blowout priced a scarcity premium long before RTM cleared it 8DAM MCP jumped to Rs 8.70/kWh at 07:30–07:45 (T31–T32), while RTM for the same blocks cleared at Rs 5.35/kWh and Rs 5.00/kWh. Inference: The premium looks “forward” (DAM) rather than real-time (RTM): DAM purchase bids stayed far above sell bids through the spike window, signalling tight sell-side depth into the morning ramp. Why it matters: a Rs 3.70/kWh DAM–RTM basis at T32 is pure forecasting cost for buyers who could have leaned on RTM.
2) DAM hit a hard regime break after 08:00; volatility was not “smooth” 8After the spike, DAM MCP dropped from Rs 6.25/kWh (08:00, T33) to Rs 3.94/kWh (08:45, T36) in under an hour. Inference: This looks like a cleared-supply catch-up (sell side recovering) rather than demand collapse, because scheduled volumes stayed sizable while prices mean-reverted sharply. Why it matters: it increases the value of intra-day re-optimisation; static DAM positions were punished on both sides of the break.
3) Real-time balancing stayed “heavy” all day even without an obvious shortage headline 8NLDC’s ancillary/SCUC daily sheet shows SCUC-Up scheduled 48,162 MWh and SCUC-Down scheduled −48,103 MWh on 2026-02-05. Inference: Near-symmetric up/down energy points to continuous re-balancing (commitment + de-commitment) rather than one-direction scarcity. Why it matters: this kind of churn typically amplifies RTM price sensitivity and raises balancing risk for states riding close to schedules.
4) HPX ASDAM printed “zero market” blocks — a liquidity signal, not a footnote 8HPX ASDAM shows 0.0000 MWh cleared across successive 15-minute blocks on 05/02/2026 (market effectively absent at block level). Inference: With DAM/RTM price discovery happening elsewhere the same day, this looks like liquidity concentration risk: fewer venues meaningfully set short-term prices. Why it matters: thin venues can’t absorb stress when one exchange tightens, raising systemic execution risk for participants.
5) PXIL IDAS showed bids but no cleared price/volume — a fragmentation warning 8PXIL’s IDAS volume profile lists sell bids (e.g., 104.50 MWh at 00:00–00:15) but shows MCV/Scheduled Volume/MCP. Inference: This pattern is consistent with order-book presence without matchable counterparties (or a no-trade day for the product). Why it matters: partial liquidity creates false comfort in “available” supply while forcing actual procurement into other, potentially costlier routes.
6) NER frequency compliance was weak on 2026-02-04 — 26% of time outside IEGC band 8NER FDI sheet reports frequency outside 49.9–50.05 Hz for 26.08% of the day (6.15 hours), with min 49.83 Hz and max 50.27 Hz. Inference: The tail risk is not about average frequency (reported 50.01 Hz), but about time spent outside the band — a control quality issue. Why it matters: sustained excursions increase deviation exposure and undermine confidence in “stable grid” claims built only on averages.
7) High scheduled drawal plus meaningful OD/UD clustered in a few big states 8NLDC PSP state table shows large drawal schedules alongside material OD/UD: Maharashtra 199.4 MU schedule with −2.9 MU OD/UD; Rajasthan 99.0 MU with −4.8 MU; Tamil Nadu 220.7 MU with +0.8 MU (all on 2026-02-05). Inference: These are “high-throughput” states where small percentage errors convert into big absolute deviations, especially during ramp hours. Why it matters: the same states are the first to transmit balancing stress into market prices and ancillary deployments.
8) DAM–RTM basis widening followed RTM moves with a 1-block lag (statistically, not rhetorically) 8Using the full 96-block MCP series on 2026-02-05, the DAM–RTM basis shows a 1-block lag correlation ~ρ=0.49 with RTM MCP (0–8 block scan), crossing your |ρ|≥0.35 flag. Inference: RTM volatility appears to “pull” the basis wider in the next block more than it is purely simultaneous — consistent with buyers re-pricing forward exposure after seeing RTM. Why it matters: procurement teams can’t treat DAM and RTM as independent levers intra-day; the basis is reactive and can snowball. Click on Details for moreDetails
Power Committee Updates
Feb 06: 1) NR’s deviation economics flipped in a week: the WR–NR rent collapsed-and Delhi quietly became the week’s biggest ‘discipline winner’ 8This reads like a grid that tightened one set of deviations (especially inter-regional) while exposing a second-order truth: NR’s “discipline” is still entity-specific, not systemic-so the money just rotates to the next weakest participant.
2) Delhi’s reactive bill collapses, but the pool’s receivable stack grows-UP and NTPC tighten their grip on VAR money flow 8This fortnight reads like a grid whose reactive economics are tightening into a few large sinks and a handful of volatile payers, with Delhi’s swing the cleanest behavioural change on the payable side.
3) WR’s transmission “availability” story is being propped up by month-long deemed outages-while the real risk is drifting into weather, pollution, and asset-health failures 8The grid’s fragility shows up more sharply through environment-driven faults-kite thread marks, stubble-burning fly-ash induced faults, and temperature-linked equipment limitations-signalling that “externalities” are now operational variables.
4) January in East India closes with a split-screen incentive story: a few units mint “peak-eligible” value while legacy stations bleed negative eligibility and push the bill back onto beneficiaries 8The structural tension: the region’s incentive pool is being distorted by persistent off-peak negatives (seen repeatedly in totals and beneficiary rows), so the grid is implicitly rewarding a narrow slice of operational behaviour while penalising broad, recurring scheduling patterns
5) Recertified Eastern region data: APNRL’s DC story flips from “data correction risk” in Dec to “higher declaration, higher surrender” in Jan-buyers aren’t absorbing what’s being certified 8Net-net, this pack reads less like a generator performance note and more like a demand discipline and data-governance stress test-first through revision, then through under-absorption. Click on Details for moreDetails
Company updates
Feb 06: 8Tax refund: Siemens pays under protest even as it is now faces another threat Leasehold property at the root of it all but the company is cagey. That means the market gets speed without substance, and the case remains a black box beyond the headline number. Click on Details for more.
8Bajel Projects: Cannot fully explain why there is a yawning gap between PBT and PAT. Profitability optics are being built on execution and mix claims while volume is contracting. Click on Details for more.
8Isolation Energy: Importing heavy-duty experience. Find out how the company is importing regulatory and power-sector governance experience onto the board. Click on Details for more.
8Websol’s Q3 profit surge: Ingenious answer. The margin level is so high it becomes the first point that demands skepticism but the company has an ingenious answer. Click on Details for more.
8Indowind: Too many question marks. Low equity infusion and massive borrowing ceiling raises eyebrows and there are structural changes that can obscure accountability. Click on Details for more.
8HPL Electric & Power: Cutting corners to make money? Why is margin quality, not the topline the problem with this company? Click on Details for more.
8Kirloskar Electric: Forced to pay employee dues? The payment was compelled through enforcement rather than initiated through proactive settlement. Click on Details for more.
8Sarda Energy & Minerals Ltd: Find out how the company went from expansion to retreat. Find out what really happened. Click on Details for more.
8Hitachi Energy India Limited’s profit surge: But hides a skeleton in its cupboard. Find out what it is, how it can change the narrative entirely. Click on Details for more.
8Solarium Green Energy: ESOP shares at par. Find more more on thisclick on Details for more.
8Market coupling uncertainty hangs over IEX, with management admitting a regulatory process still unfinished. Regulatory overhang not settled yet even as diversification plans have been put off. Click on Details for more.
8SJVN’s 70 MW Dhubri project is now operational. The company disclosed a project cost of Rs. 367.44 crores and said the plant sits on 330 acres of lease-based land in Dhubri, Assam. Click on Details for more.
8NAVA Limited’s 83% profit jump is driven by other income, not operating expansion. This means sustainability of this quarter’s profitability narrative weakens even as subsidiaries, not the core standalone engine, are carrying the quarter’s reported resilience. Click on Details for more.
8Credit impaired assets look contained but impairment coverage signals a sharply uneven risk distribution. That means the company is heavily provisioning against already-stressed assets while maintaining minimal buffers on the broader performing book. Click on Details for more.
8Suzlon Energy Limited’s profit story flips: Rs.445 crore PAT masks a 65% sequential collapse.The earnings narrative is being carried by the tax line rather than by incremental operating strength. Click on Details for more.
8Torrent: A 75:25 debt-heavy capex plan raises the real question AA+ does not answer. That means leverage comfort today is being tested against a pipeline that is explicitly debt-funded by design. Click on Details for more.
8Voltamp Transformers’s 31% revenue jump is paired with only a 26% profit rise. It also means cost intensity or mix effects are absorbing part of the growth benefit, weakening the “pure efficiency” narrative. Click on Details for more.Details
Miscellaneous Update: Part I
Feb 06: 1) POWERGRID collapses 17 transmission SPVs into two entities under MCA-approved merger 8Operationally, it signals a shift from fragmented SPV structures toward tighter portfolio aggregation. Regulators and lenders will now evaluate these assets under fewer but larger corporate shells.
2) Northern states gain central power share as India’s allocation pool expands modestly in January 8The pattern signals seasonal and regulatory rebalancing of central resources toward northern demand centres.
3) India’s winter peak climbs past 245 GW as northern demand drives seasonal system stress 8The combined data signals a grid entering a high-demand quarter with tightening regional balances but no nationwide deficit.
4) APGENCO extends key APPC engineering deputation to maintain procurement continuity 8It has formally extended the deputation of a mechanical engineering officer at the state power procurement wing, preventing a staffing gap at a sensitive operational node.
5) Temporary promotions at APGENCO tied to court outcomes and strict joining rules 8It has issued temporary promotion orders elevating four Deputy Executive Engineers to Executive Engineer rank while simultaneously shifting one senior officer through a transfer.
6) Maharashtra transmission utility moves to embed policy and planning expertise 8It has initiated the hiring of two high-level consultants to strengthen its internal analytical and planning capacity.
7) Rajasthan Roundup: Chhabra thermal plant reports broad EC compliance but flags partial safeguards 8AVVNL eases bond exit rule for staff joining government services
8) Delhi gas plant seeks tariff relief after PLF collapse despite high availability 8Fuel cost pressures and take-or-pay gas commitments have amplified the financial strain. Additional O&M burdens from emission-control burners and sewage treatment operations are also being claimed. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 06: Waaree Renewable Technologies’ rating upgrade leans on revenue surge, not proof of through-cycle margins. Click on Details for more.
Triveni Turbine’s revenue grows 24%, while aftermarket drops 22% and drags the margin story. 8Growth is being carried by product sales while the higher-margin aftermarket/refurbishment stream is the one slipping. Click on Details for more.
Tata Power: Standalone collapse highlights group dependence, with standalone PAT turning negative in Q3". 8Treat the consolidated narrative as a portfolio story rather than evidence that the core parent operations are strengthening. Click on Details for more.
Genus Marudhara Smart Metering’s AA- rating is assigned with 84% of installations still pending. 8Sponsor strength supports the rating, yet governance control sits with the financial sponsor, not the operating sponsor. Click on Details for more.
ALMM List-II adds new cell capacity 8Entries show wide ranges, such as Websol Energy System Limited with average efficiency 23.16% and a stated range of 19.00% to 23.60% in one revision section, which is a spread large enough to change procurement economics. Click on Details for more.Details
Regulatory Updates: Part I
Feb 06: 1) Karnataka regulator opens scrutiny window on utility performance costs 8Karnataka’s power regulator has triggered a statewide review cycle that could reshape how utility cost overruns translate into consumer tariffs.
2) Rising procurement costs and loss spike squeeze MPSEZ’s distribution margins in Q3 8The most striking shift is the T&D loss increase from 2.54% to 4.05%, signalling a sudden deterioration in network efficiency, and there are other striking issues as well.
3) TNERC orders high interest payout, clears short-term power buys 8Tamil Nadu’s power regulator has enforced financial discipline on delayed generator payments while simultaneously securing near-term power supply for the state grid.
4) Tamil Nadu regulator clears 1,500 MW medium-term power hedge 8Tamil Nadu’s power regulator has approved a significant expansion of medium-term power procurement, allowing the state utility to secure 1,500 MW of round-the-clock supply under competitive bidding. The decision adds 700 MW to an earlier 800 MW approval, consolidating both into a single five-year tender.
5) CERC trims Fatehabad asset base while locking in new five-year transmission tariffs 8A modest but notable capital adjustment was imposed through disallowance of excess initial spares, slightly reducing the regulatory asset value.
6) CERC moves to license major NR–WR grid strengthening corridor 8The project centers on a new 765 kV Prayagraj substation and multiple line integrations that reshape existing power flows across Uttar Pradesh and adjoining regions. Click on Details for moreDetails
Daily forward looking import matrices
Feb 06: 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 Click on Reports for more.Details
Download tenders and newclips
Feb 06: For reference purposes the website carries here the following tenders: 8Tender for empanelment of agencies for restoration of distribution infrastructure during Details 8Tender for renovation of 33/11 kV S/Stn Details 8Tender for renovation of 33/11 kV substation Details 8Tender for supply of 36 kV current transformers Details 8Tender for replacement of suspected CLR insulators Details 8Tender for procurement of insulation mat for LT electrical panels Details 8Tender for supply of stringing tools for line maintenance of 400 kV transmission lines Details 8Tender for rate contract for cable laying and cable jointing/ termination work Details 8Tender for work contract for arresting of oil leakage Details 8Tender for work contract for repairing of damaged traction motor of 700 HP locomotive Details 8Tender for development of 1000 kW grid connected roof top solar power project Details 8Tender for R&M of silo Details 8Tender for repair and maintenance of civil works Details 8Tender for supply, inst, commiss. and AMC of integrated solar street lights Details 8Tender for biennial miscellaneous civil maintenance works of ash dyke Details 8Tender for providing and fixing of acoustic wall panelling Details 8Design, supply and installation of fireproof cable Details 8Tender for SITC of network switches Details 8Tender for electrical work Details 8Tender for procurement of L3 switch and network devices Details 8Tender for work of replacement, shifting and overhauling of H.T motors of coal handling plant Details 8Tender for supply of various size of butterfly, gate, ball, globe and needle valves Details 8Tender for work of maintenance of lighting high mast towers Details 8Tender for supply of lighting materials Details 8Tender for supply of 11 kV polymer composite pin insulator Details 8Tender for work contract for supply, laying, jointing ,terminating, testing and commissioning of 33kV 1x630 sqmm Details 8Tender for supply laying jointing teriminating testing and commissioning of 33 kV 1X630 sqmm aluminium XLPE cable Details 8Tender for supply laying jointing teriminating testing and commissioning of 33 kV 1X630 sqmm aluminium XLPE making for LILO in existing Details 8Tender for strengthening and providing protective coating in the RCC/ PSC structures Details 8Tender for repair and maintenance works to the indoor switchyard Details 8Tender for supply, erection & commissioning of 5 Nos RTU in33/11kV indoor S/S Details 8Tender for works contract for provision of 1 no 33 kV source link line Details 8Tender for work contract for supply, laying, jointing ,terminating, testing and commissioning of 11kV, 3x300 sqmm Details 8Tender for work contract for supply, laying, jointing, terminating, testing and commissioning of 33kV 1x630 sqmm aluminium XLPE cable from 230kV SS Details 8Tender for work contract for supply, laying, jointing, terminating, testing and commissioning of 33kV 1x630 sqmm aluminium XLPE cable Details 8Tender for routine maintenance of power supply arrangements Details 8Tender for supply of 1800 mtr M.S.ERW 350 NB pipes Details 8Tender for procurement of stay set complete Details 8Tender for insertion of 1 no tower Details 8Tender for attending leaks in steam pipe lines feed water Details 8Tender for supply and erection of 2 No’s of 2000NB flanged type butterfly valves with ebonite lining along Details 8Tender for strengthening of eastern side bund of secondary pond at ash dyke Details 8Tender for procurement of alloy steel pipe for hot reheat to IP turbine line Details 8Tender for providing protection arrangement to prevent earthslip Details 8Tender for up keeping and routine maintenance of air pre heater Details 8Tender for re-conditioning of the retrieved worn out impeller of vertical type cooling water pumps. Details 8Tender for running works contract for the erection works of LT overhead feeder, HT overhead feeder Details 8Tender for supply of various type of thermocouples and RTDs Details 8Tender for assistance in operation of equipment of boiler and turbine associated auxiliaries Details 8Tender for work contract for round the clock operation and maintenance mechanical, electrical, PLC of mill reject handling system Details 8Tender for supply of 60 Kg and 52 Kg rail gule joints Details 8Tender for procurement of complete assembly of oil vapour exhauster fan alongwith motor Details 8Tender for augmentation of 66kV substation Details 8Tender for supply of VFD and VFD panel Details 8Tender for augmentation of 66 kV substation Details 8Tender for construction of sump pit cum pump chamber and other allied works at 132 kV S/Stn Details 8Tender for supply of flap gate actuator Details 8Tender for proposal for procurement of 420kV and 05 Nos. 245kV capacitive voltage transformer Details 8Tender for procurement of steel item (plates and ISMC and ISMB) for various Details 8Design and engineering, procurement, supply, installation, construction, testing and commissioning including warrantee obligation, operation and maintenance for twelve 12 years of a 100 MW AC solar PV power plant and 25 MW / 100 MWh battery energy Details 8Tender for work of 11 kV line shifting Details 8Tender for supply, erection, testing & commissioning of 220 kV 1Cx1200 sq. mm (2(6+0)) twin cable Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Kundala dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Maduppetty dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Anayirankal dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Ponmudi dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Sengulam dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures of Kallarkutty dam Details 8Tender for round the clock monitoring, operation and maintenance of hydraulic structures Details 8Tender for providing second 16 MVA 110/33 kV transformer Details 8Tender for supply installation, system integration, operation & maintenance of smart meters Details 8Tender for construction of 11 kV OH line with covered conductor Details 8Tender for dyuthi 2.0 HT works Details 8Tender for providing & fixing of micro-processor based 0.2S class, 3-Ph, 4-wire digital MFM meters for various Details 8Tender for conversion of SSN to DSN & STN to DTN for lines crossing Details 8Tender for laying of 3C 33 kV 400 sq mm XLPE UG cable by micro tunneling from 132 kV GSS Details 8Tender for operation and maintenance of 2x2 MW turbo generator sets and their auxiliaries, hydro mechanical and electro mechanical equipment Details 8Tender for laying of 3C 33 kV 400 sq mm XLPE UG cable Details 8Tender for scheme for capacity augmentation of PTR from (3X6.3) MVA to (4X6.3) MVA with allied works Details 8Tender for procurement of 10 nos 33/0.415 kV 315 KVA & 15 nos 33/0.415 100 KVA station service transformers.Details 8Tender for procurement of roller journal bearings of mill XRP1003 Details 8Tender for service contract for repairing of PA ducts during Details 8Tender for new 66 kV SC on DC line of 0.2 sq ACSR conductor from 66 kV S/s Details 8Tender for procurement of non-contact high voltage and induced voltage detector for various substations Details 8Tender for annual maintenance contract for O and M works Details 8Tender for work of installation of 11/0.4 kV 990 KVA CSS Details 8Tender for work for increasing capacity of transformers 100 KVA to 250 KVA at various Details 8Tender for work for installation of LT ACB on existing 250/400 KVA DTRs Details 8Tender for work of installation of 11/0.4 kV 990 KVA CSS Details 8Tender for work for increasing capacity of transformers 100 KVA to 250 KVA at various Details 8Tender for work of installation of additional transformer and replacement of ACSR panther conductor Details 8Tender for work of installation of additional 100 KVA transformers Details 8Tender for increasing capacity transformer Details 8Tender for replacement of existing 33kV ACSR dog conductor with 33 kV AAAC-AL-59,160 Sq.mm covered conductor Details 8Tender for supply M.S grills assorted size Details 8Tender for supply of various 415V IE3 LT motors Details 8Tender for erection & maintenance of HT/LT/TC work Details 8Tender for supply, installation & commissioning of exide make 48V, 350AH capacity lead acid plante type battery set along Details 8Tender for erection & maintenance of HT/LT/TC work Details 8Tender for erection of 66kV equipment, structures, control wiring, yard Details 8Tender for supply, erection, testing and commissioning of 220kV feeder bays Details 8Tender for work of providing & fixing of insulated rubber mat high voltage insulated mat Details 8Tender for work of replacement of earth wire Details 8Tender for various civil maintenance works in control room, switchyard Details 8Tender for supply, installation, testing & commissioning of 132kV additional PT bay at various EHV substations Details 8Tender for work of renovation of 220V/300AH & 48V/300AH VRLA battery set Details 8Tender for work of augmentation of substation by addition of 25MVA, 132/33kV power transformer along with HV & LV bay Details 8Tender for augmentation of substation by providing additional 1x50MVA, 132/33kV transformer Details 8Tender for work of augmentation of substation by addition of 25MVA, 132/33kV power transformer along Details 8Tender for procurement of 11kV, 1600A CB for R&M scheme of procurement of 11kV outdoor equipment’s for various Details You can also click on Tendersfor more For reference purposes the website carries here the following newsclips: 8Significant progress made in renewal energy adoption, operational safety in FY'26: NFR Details 8SJVN begins power supply from 70 MW Dhubri solar project in Assam Details 8Initial testing of Banswara atomic power project expected by FY33: Naik Details 8PFC buys 52.63% of govt's holding in REC, board approves in-principle merger Details 8Amit Rautela takes charge as CFO Patratu Vidyut Utpadan Nigam Details 8ACME Solar secures 301 MW renewables with 1,204 MWh storage in SECI peak power tender Details 8India battery demand to surge to 700 GWh by 2045 Details 8GREW Solar wins 550 MW repeat module order from leading IPP as India accelerates clean energy push Details 8Assam: AAECA demands 125 units free power, tariff cut Details 8Eternal, Waaree and 3 other stocks with consistent revenue growth over the past 4 qtr Details 8Loom Solar launches 125kW/261kWh BESS for C&I sector Details 8INOXAP launches PESO-approved warehouse for speciality gases Details 8Waaree Energies and 3 other stocks receives orders for solar modules, defence components and more Details 8Hitachi Energy shares rally sharply over 9% as Q3 revenue jumps 28.5% YoY to Rs 1,620 crore, net profit up 90% Details 8Coal India approves major investment in BCGCL Details 8BSPGCL secures power offtake from India’s largest 301 MW solar + 523 MWh battery storage project at Kajra Details 8Smart metering signals India’s power sector transformation Details 8Capital Inflows: Recent equity deals in the energy sector Details 8India’s Tata Power evaluating three sites for nuclear projects, exec says Details 8A new report says India is electrifying faster than China at the same level of development and with fewer fossil fuels per person Details 8Powering data centres: AI leadership depends on control of power supply Details 8Vivek Singla MD and CEO, PXIL Details 8Power Priorities: Regulators’ perspective on distribution challenges and solutions Details 8Solar-plus-storage bids gather pace; renewables draw over $2 billion in January Details 8Meeting Sustainability Goals: Green aluminium could be a game changer in the energy transition Details 8J-K has tapped less than a quarter of its hydropower potential: Economic Survey Details 8Building Resilient Grids: key learnings from gridOS engage Details You can also click on Newsclips for moreDetails
Who says gas based units do not run in the winters?
Feb 05: 8There is common chatter that gas-based power backs off in winter because it’s expensive. 8But this power unit's consumption went from zero to a massive 1.4 mmscmd of gas 8And all of it is APM gas. And there is no gas for fertilizers, for which the govenment pays straight from the exchequer. Click on Details for moreDetails
NERPC’s commercial agenda enters a harder phase: Dispute-resolution to structural stress management
Feb 05: 8New policy instruments-Virtual PPAs, SCED-linked MTL compensation, Green Energy Open Access, and revised tariff frameworks-are no longer theoretical but financially live. Click on Details for moreDetails
Feb 05: 8More broadly, it signals how India’s regulators may treat mega thermal projects struggling with post-2017 cost inflation and compliance hurdles. Click on Details for moreDetails
Coal quality at stake: Coal Controller tightens RFQ scrutiny for coal testing agencies
Feb 05: 8The regulator’s message is clear: technical qualification will hinge on documented capability, not declarations. Click on Details for moreDetails
KSERC ties APTEL payment rollout BSES Kerala Power to Supreme Court deposit compliance
Feb 05: 8The order reflects how appellate litigation is increasingly shaping cash-flow timing within regulated PPAs. Click on Details for moreDetails
TNERC blocks retrospective clawback of captive solar adjustment charges
Feb 05: 8The order reinforces regulatory resistance to audit-driven reversals where operational consent and settlement history exist. Click on Details for moreDetails
TNERC strikes down TNPDCL EMI defence, orders full wind dues with interest
Feb 05: 8The order reinforces that financial distress does not dilute regulatory payment discipline. It also signals tighter scrutiny of how discoms invoke central relief frameworks. Click on Details for moreDetails
TNERC orders Rs 6 crore refund to ITC but drops contempt case
Feb 05: 8The broader signal is that regulatory directions carry long-tail financial consequences, but enforcement may stop at correction rather than punishment. Click on Details for moreDetails
India opens virtual renewable contract market under CERC oversight
Feb 05: 8Crucially, Renewable Energy Certificates generated under these contracts will be transferred directly to consumers for compliance, then extinguished - preventing secondary market trading 8It signals the regulator’s intent to deepen market-based decarbonisation tools without disturbing physical grid operations. Click on Details for moreDetails
CERC validates GST and bird-diverter shocks as solar tariff change-in-law events
Feb 05: 8It also signals that environmental compliance and indirect tax shifts remain systemic, not developer-specific, burdens. 8The financial consequences will ripple downstream into distribution licensee power procurement costs. Click on Details for moreDetails
MTL obligation drops sharply in December but cost inefficiency persists in SCED recovery
Feb 05: 8For system operators and regulators, the signal is clear: the problem is no longer volume stress, but costly balancing inefficiency. Click on Details for moreDetails
Daily forward looking import matrices
Feb 05: 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
Company Updates
Feb 05: NCLT grants Refex subsidiary Sherisha Solar LLP reply time, imposes Rs 10,000 cost. 8The NCLT also recorded that parties attempted settlement talks and agreed to explore an amicable resolution before the next date. Click on Reports for more. BGR Energy faces Rs107.90 crore GST assessment demand; company says no material impact yet and plans appeal. 8What remains open is appellate relief, since BGR explicitly says it will appeal. Click on Reports for more. Coal India board approves 51:49 JV with UPRVUNL to develop solar, wind and PSP projects in Uttar Pradesh. 8The annexure states Coal India will hold 51% equity, with the balance 49% held by UPRVUNL. Click on Reports for more. OGPL says “no deviation” on Rs 250 crore rights issue; lists Rs 14,903.95 lakh utilised by Dec 31, 2025. 8OGPL discloses “Funds Utilized” of Rs 14,903.95 lakh against total original allocation of Rs 25,000.00 lakh, with Rs 10,096.05 lakh noted as deployed in fixed deposits with banks. Click on Reports for more. ACME Solar names Rahul Kaushik process transformation head as it scales governance across 7,770 MW portfolio. 8He is brings nearly two decades of internal audit and risk advisory experience, including leadership of the Internal Audit function at O2 Power and stints at Ernst & Young, KPMG and Grant Thornton. Click on Reports for more. NGEL commissioning lifts group capacity to 8,813.25 MW; NTPC group commercial capacity cited at 86,710 MW. 8The COD is declared w.e.f. 31 January 2026 following receipt of an RREC certificate dated 3 February 2026. Click on Reports for more. Hindalco awards BHEL domestic BTG execution mandate with 35–37 month commissioning clock. 8BHEL states Hindalco Industries Limited has issued an LOI for a 2 x 150 MW boiler-turbine-generator package tied to the Aditya Aluminium expansion in Odisha. Click on Reports for more. Power Grid acquires SR–ER strengthening SPV from PFC Consulting for Rs 19.63 crore under MoP guidelines. 8Consideration is recorded at Rs 19,63,36,237 under the share purchase agreement, with PFC noted the sale is not in the nature of a slump sale. Click on Reports for more. Tata Power highlights 26.3 GW capacity base as Q3 FY26 analyst deck details renewables buildout. 8The deck states clean and green capacity accounts for ~17.5 GW, with a target of ~70% clean share by 2030. Click on Reports for more. Tata Power reports Mundra plant operations suspended from July 3, 2025 amid supplementary PPA discussions. 8It adds the company is in discussion with procurers for a supplementary power purchase agreement, with financial impact to be considered once finalised. Click on Reports for more. GE Power India compliance officer Kamna Tiwari resigns. 8She has resigned effective the close of business hours on 2 April 2026. Click on Reports for more. NTPC cites Rs 5,000 crore unsecured term loans and 6.05% weighted borrowing cost in 9M FY26. 8The company said weighted average interest rate on borrowings fell to 6.05% in 9M FY26 versus 6.64% in 9M FY25. Click on Reports for more. Adani Power ties up over 90% of 18.15 GW fleet under PPAs; merchant exposure cut to 10%. 8Wins 3,200 MW Assam greenfield LoA at Rs 6.30/unit; capacity charge pegged at Rs 4.16. pegs Rs 2 lakh crore capex for 24 GW buildout; says majority funded through internal accruals. Click on Reports for more.Details
Miscellaneous Update: Part I
Feb 05: 1) Powergrid moves dormant shareholder stakes toward IEPF transfer window. 8The action reflects regulatory enforcement of dormant capital migration into public protection mechanisms
2) POWERGRID locks inter-regional grid corridor via Rs 19.63 crore SPV acquisition> 8The system expansion involves high-capacity 765 kV lines across Odisha and Andhra Pradesh, reinforcing a critical east-south power transfer pathway.
3) Power purchase cost creep in November pushes Madhya Pradesh into January surcharge cycle 8The surcharge reflects a regulatory design that automatically transfers even modest system-wide cost overruns to end consumers within a two-month lag.
4) WBSEDCL showcases expansion drive as solar, service, and security initiatives advance 8The broader signal is a utility balancing growth messaging with credibility building in a politically sensitive service sector.
5) CESC lines up investor roadshows ahead of February market outreach cycle 8For analysts and institutional investors, these forums typically serve as platforms to probe regulatory risk, cost recovery outlook, and growth pipelines.
6) Kerala utility tightens control over who can supply grid hardware 8For suppliers, inclusion secures market access; for those excluded, it represents a direct commercial barrier.
7) Kerala utility forced to pay land charges after exemption window closes 8For state transmission planning, it reinforces that even small parcels of land can carry non-trivial regulatory overheads.
8) Kerala sets zero fuel surcharge for monthly users, modest charge for others 8For the system, it signals a period of relative fuel cost stability. For regulators, it reinforces confidence in automated adjustment frameworks over ad-hoc tariff petitions. Click on Details for moreDetails
Miscellaneous Update: Part II
Feb 05: ICICI Securities reiterates BUY on Powergrid with Rs.350 target as capex guidance rises to Rs.32,000 crore. 8The immediate benefit of higher capitalisation momentum is positioned with shareholders, while execution and supply constraints remain the live risk bucket. Click on Details for more.
S&P Global flags hydrogen offtaker clustering via WTP vs delivery cost framework for 2030 example. 8It says it can identify low-carbon hydrogen offtakers and demand clusters by comparing willingness to pay (WTP) against cost to deliver (CTD) at the facility level. give me paywall story. Click on Details for more.
Smart meter SPV’s rating leans on DDF waterfall, but ICRA flags payment history “yet to be established”. 8ICRA Limited rates Says Genus Rajputana Smart Metering SPV Private Limited direct debit facility (DDF) payment track record with Ajmer Vidyut Vitran Nigam Limited (AVVNL) is “yet to be established.” give me paywall story. Click on Details for more.
CARE reaffirms Bengal Energy at CARE A (stable) as Rs.720.54 crore capex targets April 2028 COD. 8The company plans a 2×500 tpd sponge iron unit and a 60 MW captive power plant (40 MW WHRB + 20 MW AFBC) at Midnapore, with estimated cost Rs.720.54 crore funded at a 1.50:1 debt-equity ratio and COD expected in April 2028. Click on Details for more.
Tribunal remands loan-interest computation in UJVN small hydro tariff dispute against UERC. 8It aside the methodology used to compute interest on loan for UJVN Ltd.’s Pathri and Mohammadpur SHPs and notes that UERC reduced the loan component by 75% of MNRE subsidy when calculating interest, but finds this inconsistent because the loan itself was availed after considering equity and full subsidy. Click on Details for more.
Tribunal upholds UERC denial of generic tariff for UJVN’s Pathri and Mohammadpur SHPs give me paywall story. Click on Details for more.
PXIL receives membership surrender request from Shubheksha Advisors Time given for objection filing. Click on Details for more.Details
Regulatory Updates: Part I
Feb 05: 1) Kerala regulator locks five-year bulk supply pact for Thrissur distributor 8The structure places emphasis on measured maximum demand across multiple substations rather than feeder-wise limits.
2) Tamil Nadu regulator clears emergency coal power costs through tariff pass-through 8It confirms that crisis-driven fuel price volatility can still flow into consumer tariffs when backed by central directives.
3) TNERC blocks TANGEDCO’s retrospective solar audit recovery demand 8The decision signals that audit corrections cannot override the commercial finality of grid-accepted renewable energy flows.
4) TNERC clears short-term power purchase, locks TNPDCL into strict cost discipline 8The order reinforces a broader regulatory push toward procurement discipline rather than post-facto cost recovery flexibility.
5) TNERC stretches e-filing software rollout timeline, eases bidder eligibility window 8It signals a cautious digital transformation path where schedule realism now outweighs calendar-driven deployment.
6) TNERC hearing docket exposes mounting tariff disputes and compliance battles 8The docket underscores a regulatory system balancing financial discipline, contractual stability, and legal enforcement as cost disputes intensify across the value chain.
7) CERC formalises India’s first regulatory framework for Virtual Power Purchase Agreements 8The move opens a parallel market channel for corporate renewable procurement without disturbing existing power scheduling systems.
8) CERC adopts sub-benchmark tariff for NR–WR transmission strengthening project 8Financially, the order reinforces tariff discipline by benchmarking bids against normative cost models.
9) CERC locks in discounted tariff for eastern grid expansion corridor 8Tata Power’s winning bid undercut the regulator’s normative benchmark by a notable margin, signalling continued investor appetite for regulated transmission assets despite tightening return expectations.
10) CERC approves Kurnool bay COD but denies delay relief, trims capital allowances 8The broader regulatory tone reinforces discipline on delay attribution even in relatively small bay assets. Click on Details for moreDetails
Regulatory Upadate: Part II
Feb 05: 1) JERC rewrites CGRF–ombudsman clocks: complaint acknowledgement now “within 7 days”, orders “60 days” 8It also changes ombudsman-side steps including representation registration timelines
2) UERC trims PTCUL hybrid bay capex to Rs 10.64 crore, okays only “in-principle” pending prudence check Click on Details for moreDetails
Market Round-up
Feb 05: 1) DAM–RTM basis flipped sign in 24 hours, widening the scheduling risk premium 8On 2026-02-04, DAM MCP rose to Rs 3.45/kWh while RTM MCP fell to Rs 2.74/kWh, flipping the basis from the prior day. Inference: With lower real-time imbalance pressure earlier, the swing points to day-ahead overcommitment followed by real-time correction. Why it matters: A Rs 0.71/kWh spread penalises inaccurate demand forecasting and raises avoidable power purchase cost for DISCOMs that over-schedule in DAM.
2) GDAM cleared above DAM on the peak day, hinting at green scarcity pricing 8On 2026-02-04, GDAM MCP printed Rs 3.60/kWh, above DAM’s Rs 3.45/kWh. Inference: Buyers appear to have paid a clean-energy premium due to constrained matching of time-specific green supply. Why it matters: Persistent GDAM premiums can inflate renewable procurement costs and distort short-term compliance economics for obligated entities.
3) HPDAM showed sell interest but zero clearing all week - hydro value stayed “on paper” 8From 2026-01-29 to 2026-02-04, HPDAM shows ~133–136 GWh/day sell bids, but MCV and scheduled volume remained zero. Inference: Hydro flexibility was offered but price or system constraints prevented trade execution. Why it matters: Idle hydro bids shift balancing burden to RTM and DSM, increasing price volatility and deviation settlement exposure.
4) Thermal under-delivery forced hydro to shoulder Southern region balancing 8On 2026-02-03, Southern thermal output was 734.22 MU vs 938.34 MU program (-21.25%). Inference: Hydro over-performance cushioned thermal shortfall, indicating dispatch stress rather than demand collapse. Why it matters: Hydro used for balancing instead of peak arbitrage reduces its future price-smoothing role, raising intraday market volatility risk.
5) Coal stock stress surfaced in Rajasthan despite zero national shortage 8On 2026-02-03, Chhabra units held only 64–72% of normative coal stock. Inference: Plants with low stock face higher forced market dependence during ramp events. Why it matters: Coal stress quietly shifts cost from generation to exchanges, potentially adding Rs 0.40–0.80/kWh to marginal procurement during tight hours.
6) Maharashtra alone showed ATC violations while peers stayed within limits 8On 2026-02-04, Maharashtra recorded 5 ATC violation blocks while most states reported zero. Inference: Corridor-specific stress rather than all-India congestion drove the breach. Why it matters: Local ATC binding can inflate regional MCPs and increase area-specific congestion charges, raising landed power cost.
7) Frequency average looked stable, but low-side excursions dominated the day 8Average frequency was 50.008 Hz, yet 181 low-frequency excursions occurred versus 146 high-side events. Inference: Downward stress events were more frequent, indicating higher balancing demand. Why it matters: Frequent low-side excursions increase reliance on fast reserves and ancillary services, adding hidden system operation costs that later surface in tariffs.
8) Northern states showed opposite PX/RTM positions in the same off-peak window 8At 03:00 on 2026-02-04, Uttar Pradesh showed -2,310 MW PX/RTM/STOA position, while Punjab showed +1,350 MW. Inference: States adopted divergent balancing strategies under similar grid conditions. Why it matters: Such divergence raises settlement volatility and DSM exposure, potentially widening inter-state procurement cost gaps. Click on Details for moreDetails
Power Committee Updates
Feb 05: 1) NER’s dispatch economics flipped: SCED net payouts collapsed even as down-dispatch dominated 8This is a tightening mismatch between “who the grid curtails” and “who ends up paying.
2) WR’s ancillary pool turned into a two-speed market: SCUC kept minting winners, while TRAS discipline deteriorated into an “Emergency-heavy” penalty week 8The grid looks like it is buying reliability in SCUC while charging for indiscipline in TRAS-and in the latest week, the “indiscipline” component spilled more visibly into Emergency-tagged outcomes.
3) From audit fatigue to fault cascades: Eastern grid’s protection architecture is breaking at the edges 8The PCC is now moving from coordination to coercion-through expanded third-party audits, forced setting reviews, and direct letters to defaulting utilities.
4) ER’s DSM week was quietly recapitalised by one state-and brutally destabilised by one corridor 8ER’s DSM is no longer a “state-by-state story” alone-inter-regional exposure is the dominant risk surface and it is being corrected post-facto, not prevented upstream. Click on Details for moreDetails
Download tenders and newclips
Feb 05: For reference purposes the website carries here the following tenders: 8Tender for work of AMC cleaning of insulator strings by using high voltage insulator cleaner & protector of various transmission lines Details 8Tender for physical verification, valuation, and accounting of both stores inventory and MAS item including Details 8Tender for procurement of 01 No. vertical type centrifugal sump pump without motor capacity Details 8Tender for supply of consumables and other materials Details 8Tender for supply of 1800 mtr M.S.ERW 350 NB pipes Details 8Tender for renewing of its rubber seals in unit III and unit IV of power house Details 8Tender for battery maintenance contract for the works job work of routine cleaning and daily readings of DC battery cells Details 8Tender for supply, erection & commissioning of remote position sensor type double acting smart positioners Details 8Tender for supply, erection, commissioning, testing & trial of control panel Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line, 11/0.433 kV distribution transformer Details 8Tender for procurement of spares of air compressor model Details 8Tender for construction of new control room along Details 8Tender for procurement of different types of spares for ash slurry pumps Details 8Tender for procurement of cassette baffle for horizontal coils primary reheater Details 8Tender for routine maintenance works in fuel oil handling system Details 8Design, supply, testing and commissiining of 1 no 132kV hybrid or GIS module at 132kV substation Details 8Tender for procurement of grinding roll and bull ring segments for bowl mill XRP-883 overhauling Details 8Tender for rate contract for procurement of 120 MT sulphuric acid Details 8Tender for dismantling, loading and transportation of 2x10MVA power transformers with accessories Details 8Tender for supply, erection and commissioning of 450 NB M.S seamless pie with supporting pedestal for furnace oil pumping line Details 8Tender for supply of 200 NB, SS 316 class 150 ,gate valve for CWPs discharge and condenser cooling water pipe line Details 8Tender for procurement of NB 200 carbon steel seamless pipes and bends. Details 8Tender for operation and maintenance contract for 4 MW solar PV based microgrid Details 8Tender for miscellaneous civil works Details 8Tender for supply, installation, testing and commissioning (SITC) of integratedautomated auger system Details 8Tender for calibration, repair and procurement of readout units and other allied works Details 8Tender for repair, replacement and up in the existing data acquisition system and other allied works Details 8Tender for painting and repair work of switchyard Details 8Tender for supply of spares of CW pumps Details 8Tender for supply of duct support pipes Details 8Tender for laying of 185 SQMM U/G U/G cable with cable joints work Details 8Tender for laying of 240 SQMM U/G cable with cable joints work Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line, 11/0.433 kV distribution transformer Details 8Tender for empanelment of contractors to award a contract for survey, installation, testing and commissioning of 33kV line Details 8Tender for retrofitting of existing HPA 12 1640 12 KV1600 A SF 6 gas circuit breaker with vacuum circuit breaker Details 8Tender for work of complete mechanical overhauling of natural draft cooling tower Details 8Tender for monitoring of carbon emissions and carrying out environment audit Details 8Tender for procurement of bolts/stud and nuts with washer used Details 8Tender for procurement of various spares for BFP booster pump model Details 8Tender for procurement of essential spares for 600MW main turbine Details 8Tender for outsourcing of operation and maintenance of PDFAC system Details 8Tender for procurement of 2550KM of ACSR raccoon conductor. Details 8Tender for procurement of worm shaft for HP-803 bowl mills installed Details 8Tender for work of complete overhauling and cartridge replacement of 200KHI boiler feed pump Details 8Tender for work of providing services for loading, unloading, shifting and stacking of materials Details 8Design, supply, installation, testing, commissioning and replacement of 2MVA, 6600V/433V power transformer Details 8Tender for supply of various LT cables and LUGs Details 8Tender for annual rate contract for preventive/ scheduled work, defect attending/ unscheduled/ as when required work, O/h / B/d work, shut down/ emergency maintenance of electrical auxiliaries insalled Details 8Tender for constructing 11kV line with covered conductor Details 8Tender for renovation of chain link fencing around Details 8Tender for reconductoring 11kV with covered conductor Details 8Tender for construction of 2nd addl. 12.5 MVA 132/11 kV T/F plinth and allied civil works Details 8Design, manufacture, testing before dispatch & delivery of 52,000 Nos. male female contact sets for 11kV, 75 Amp GO switches Details 8Tender for work of shifting of 11 kV UG cable Details 8Tender for renovation of electrical section Details 8Tender for repair & maintenance of stop log gates Details 8Tender for carrying out dyuthi 2.0 works Details 8Tender for new 11kV UG cable work Details 8Tender for rate contract for repair of damaged failed 33/11kV 3.15 MVA ,5.0 MVA, 8.0 MVA power transformer Details 8Tender for construction of 33 kV sub station Details 8Tender for supply and erection of 0.10 Km UG cable Details 8Tender for modification of existing transformer Details 8Tender for procurement of bunker discharge gate assembly with electrical actuator Details 8Tender for supply of 11 kV single pole stand alone structure materials complete set Details 8Tender for procurement of spares for main turbine HP control valve Details 8Tender for supply of feeder discharge gate assembly with electrical actuator Details 8Tender for works contract for central stores materials handling Details 8Tender for supply of moving contact for 11kV AB switch Details 8Tender for providing and fixing ACP cladding with fixing steel Details 8Tender for construction of other allied civil works Details 8Tender for service contract for repairing of ventilation duct Details 8Tender for service contract for emergency TIT BIT maintenance Details 8Tender for SITC of 250A/200A MCCB panel on 100/63 KVA DTRs Details 8Tender for replacement of ACSR bare conductor by insulated covered conductor Details 8Tender for work of supply, installation, testing and commissioning of 250A MCCB panel on 100/63 KVA DTRs in various Details 8Tender for shifting of 33 kV, 11 kV, LT lines Details 8Tender for construction of new 11 kV composite feeder on existing 11 kV feeder Details 8Tender for replacement of weasel conductor by aerial bunch cable Details 8Tender for installation of additional 100 KVA transformer Details 8Tender for construction of new 11 kV feeder from 33/11 kV sub-station Details 8Tender for increasing capacity transformer Details 8Tender for replacement of weasel conductor by aerial bunch cable Details 8Tender for annual maintenance work Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 33kV circuit breakers Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 145kV circuit breakers at various substations Details 8Tender for work of servicing & overhauling along with providing & fixing of required spares of 145kV circuit breakers Details 8Tender for work of feeder re-orientation at 110kV & 220kV substation Details 8Tender for purchase of various capacity of 11 kV CTPT units Details 8Tender for construction of stacking platform and miscellaneous civil works Details 8Tender for work of monkey patrolling of various 220kV & 132kV lines Details You can also click on Tenders for more For reference purposes the website carries here the following newsclips: 8PFC Q3 FY26 profit rises 15% to Rs 4,763 crore on strong loan growth, declares Rs 4 interim dividend Details 8Managing Power Flows: Challenges in renewable integration at the distribution level Details 8Adani Energy delivers 1 crore smart meters across discoms Details 8AM/NS India secures green steel certification under new government taxonomy Details 8Coal India board clears Chile holding company for lithium, copper foray Details 8Suzlon Q3FY26 result: Net profit rises 15% to Rs 445 crore, revenue at Rs 4,228 crore Details 8NHPC Q3 profit dips 3 pc to over Rs 320 crore Details 8Tata Power Q3 profit rises marginally to Rs 1,194 Crore Details 8Telangana scraps extra charges for power line extensions for homes, farmers Details 8Capital Inflows: Recent equity deals in the energy sector Details 8Meeting Sustainability Goals: Green aluminium could be a game changer in the energy transition Details 8Nuclear Power Reforms: SHANTI Act 2025 opens the doors for private sector participation Details 8From projects to power: Budget 2026 bolsters India's solar EPC backbone Details 8Solar Industries projects 15% annual growth with mining and defense expansion Details 8Solis ranks No.1 in India’s rooftop solar inverter market 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 8Apr-Dec period: Coal import for power sector blending plunges 54% Details 8Tata Power eyes small modular reactors, assessing land in three states Details 8Link power tariff hikes to inflation, suggests expert report to 16th FC Details 8POWERGRID commissions Khavda Phase II Part C transmission project Details 8Tata Power profit drops as thermal business weakens Details You can also click on Newsclips for moreDetails
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