Utilities & Power Equipment : 10 POWER points; A weekly roundup on power & utilities #34/FY26 by JM Financial Services Ltd
We have curated a list of 10 significant developments that occurred during the week 17-23 Nov’25, both within India and internationally, which may have implications for Indian utilities, including the renewable sector, in future.
1. Avg daily energy/ max peak demand during week was 4,125 MU (0%YoY, 0% YTDFY26)/ 210 GW (3% YoY, -3% YTDFY26).
2. Ministry of Power informed that 10 pumped hydro storage projects (7 GW) have been commissioned, another 10 PSPs (12 GW) are under construction and 56 PSPs (78 GW) are at various stages of planning and development.
3. Tamil Nadu issued tender for repowering certain smaller, outdated and non-functional wind turbines so as to convert them into 18.75 MW wind and new 16 MW solar power plant.
4. Many solar power plants in India have sub-par modules and are flawed in their construction, besides being poorly maintained, and hence are subject to increasing investment risks according to a study by PI Berlin, a German technical advisory firm in collaboration with MNRE, NISE and SECI.
5. Former Minister of State for Finance and President of Eversource Capital, Jayant Sinha warned that mobilising global capital for India’s decarbonisation efforts will be “very, very difficult” due to better returns abroad (18% in AI data centres in US).
6. CERC directs all discoms to consider the impact of reduction in GST rates in instances where procurement, commissioning, COD, or SCOD occurs on or after 22 Sept, but the bid submission date proceeds 22 Sept.
7. Japan approved the restart of 8,000 MW Kashiwazaki Kariwa Nuclear Power Plant, the world’s largest more than a decade after its closure following the Fukushima disaster in 2011, as the country returns to atomic energy to address rising power costs.
8. After European lawmakers calling for restrictions on Chinese inverters, over 50 House Republicans in the U.S. petitioned the Department of Commerce to curb imports of Chinese electric grid components calling ‘a dangerous overreliance’ which could be exploited to compromise the U.S. electric grid security.
9. North American Electric Reliability Corp. the regulatory body overseeing grid stability in its winter assessment said that the rising electricity demand from data centres is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter.
10. “The hype around small modular reactors is overblown… small reactors result in higher capital costs and power prices, and that India should build plants that are as large as possible…”- Ravi B. Grover, Member, Indian Atomic Energy. Commission
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