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					</table><p>The Ministry of Finance <a href="https://www.mercomindia.com/government-permits-use-of-insurance-surety-bonds-in-power-project-bids" target="_blank" rel="noopener">permitted</a> the use of insurance surety bonds as an alternative to bank guarantees for both bid and performance security under the standard bidding guidelines for power projects. These projects include solar, wind, hybrid, firm, and dispatchable renewable energy, as well as battery energy storage systems, pumped storage projects, and transmission projects.</p>
<p>India’s renewable energy procurement pipeline is witnessing a <a href="https://www.mercomindia.com/over-10-gw-of-seci-awarded-renewable-capacity-yet-to-find-offtakers" target="_blank" rel="noopener">growing</a> build-up of unsold renewable capacity, with Solar Energy Corporation of India (SECI) holding nearly 10.1 GW of awarded renewable power across various programs. The power available for sale with SECI spans solar, hybrid, and firm dispatchable renewable energy projects, reflecting a widening gap between project awards and offtake tie-ups with the distribution companies.</p>
<p>The Central Electricity Regulatory Commission <a href="https://www.mercomindia.com/cerc-denies-relief-to-hybrid-renewable-energy-project-in-grid-connectivity-case" target="_blank" rel="noopener">rejected</a> a plea by a renewable energy solutions company seeking interim protection against action by the Central Transmission Utility of India, including possible revocation of grid connectivity for its 200 MW hybrid renewable energy project.</p>
<p>The Karnataka Electricity Regulatory Commission <a href="https://www.mercomindia.com/karnataka-proposes-new-rules-for-transmission-licenses-under-competitive-bidding" target="_blank" rel="noopener">issued</a> draft regulations to govern the grant of transmission licenses for intrastate projects awarded through competitive bidding, laying down a detailed framework covering licensing procedures, tariff adoption, and operational obligations. The Commission has invited feedback on the draft regulations within 15 days.</p>
<p>The Arunachal Pradesh Electricity Regulatory Commission <a href="https://www.mercomindia.com/arunachal-pradesh-to-continue-existing-power-tariff-structure-for-fy-2027" target="_blank" rel="noopener">retained</a> the existing retail electricity tariff structure for the financial year (FY) 2026–27. For industrial consumers, tariffs remain unchanged across voltage levels. For low-tension supply, the energy charge continues at ₹4.95 (~$0.0536)/kWh for both 1-phase (230 V) and 3-phase (400 V) connections.</p>
<p>The Odisha Electricity Regulatory Commission <a href="https://www.mercomindia.com/odisha-retains-last-years-power-tariffs-for-fy-2027" target="_blank" rel="noopener">retained</a> the previous year’s retail power supply tariff structure for the FY 2026-27, covering energy charges, demand charges, rebates, and surcharges across consumer categories. It has, however, made certain revisions to open access charges. It has also introduced time-of-day tariffs for consumers with smart meters.</p>
<p>The Maharashtra government gave the go-ahead for the bifurcation of the Maharashtra State Electricity Distribution Company into two distribution companies and <a href="https://www.mercomindia.com/maharashtra-approves-bifurcation-of-msedcl-ipo-plans" target="_blank" rel="noopener">approved</a> the proposal for its initial public offering. The restructuring plans involve carving out a new DISCOM, MSEB Solar Agro Power, for supplying electricity to agricultural consumers.</p>
<p>Power Grid Corporation of India <a href="https://www.mercomindia.com/powergrid-floats-tenders-to-evacuate-6-gw-of-solar-power-from-rajasthan" target="_blank" rel="noopener">floated</a> two tenders for setting up ±800 kV high-voltage direct current transmission line packages to evacuate 6 GW of solar power from the Rajasthan Renewable Energy Zone Phase-IV. The last day to submit the bids for both tenders is April 17, 2026. Bids will be opened on the same day. The transmission projects must be completed within 38 months.</p>
<p>Rajasthan-based Wonder Cement will <a href="https://www.mercomindia.com/wonder-cement-to-procure-30-mw-from-sunsures-solar-projects" target="_blank" rel="noopener">procure</a> 30 MW of solar power from Sunsure Energy’s 150 MW project in Solapur, Maharashtra, and 49 MW project in Augasi, Uttar Pradesh. The two companies signed power purchase agreements to supply power to Wonder Cement’s facilities in Aligarh, Uttar Pradesh, and Dhule, Maharashtra. Wonder Cement expects to meet 67% of its electricity needs at the Dhule facility and 52% at the Aligarh facility through solar power procurement.</p>
<p>Textile firm Bombay Dyeing and Manufacturing Company <a href="https://www.mercomindia.com/bombay-dyeing-to-save-40-on-power-costs-with-2-5-mw-rooftop-solar-system" target="_blank" rel="noopener">commissioned</a> a 2.5 MW rooftop solar project at its Rasayani facility in Maharashtra, aiming to reduce energy costs, enhance reliability, and improve long-term sustainability of its manufacturing operations. The system, installed at the company’s polyester and textile manufacturing unit in Patalganga, was executed by B. U. Bhandari Energy under a capital expenditure model.</p>
<p>The Indian Railway Finance Corporation, the dedicated funding arm of the Indian Railways, <a href="https://www.mercomindia.com/irfc-disburses-%E2%82%B910-billion-loan-to-maharashtra-power-generation-company" target="_blank" rel="noopener">disbursed</a> a ₹10 billion (~$108.05 million) term loan to Maharashtra State Power Generation Company (MAHAGENCO). MAHAGENCO will use the funding to enhance its operational capabilities. The company has an installed power generation capacity of 13,880.55 MW.</p>
<p>Mumbai-based e-waste and lithium-ion battery recycling company Recyclekaro <a href="https://www.mercomindia.com/recyclekaro-secures-government-incentive-for-critical-mineral-recycling" target="_blank" rel="noopener">secured</a> eligibility for the incentive program to promote critical mineral recycling, launched by the Ministry of Mines under the National Critical Minerals Mission. The company plans to invest ₹3 billion (~$32.29 million) to expand its recycling operations, increasing its total processing capacity to around 50,000 metric tons.</p>
<p>WorkOnGrid, an AI-native operations intelligence platform for power, water, and gas utilities, <a href="https://www.mercomindia.com/workongrid-raises-%E2%82%B9225-million-to-scale-data-intelligence-for-power-utilities" target="_blank" rel="noopener">raised</a> ₹225 million (~$2.43 million) in a funding round led by Transition VC. The funding round also saw participation from the Indian Angel Network. The funds will be used to scale WorkOnGrid’s global go-to-market efforts, enhance its AI and machine learning capabilities, and build international infrastructure.</p>


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