CERC Notice To Power Trading Firms For Failing to Maintain Net Worth Updated On Fri, Jul 9th, 2021 by Saurenergy For National Energy Trading Services Limited, and Atria Energy Services Private Limited, a weak balance sheet submitted to the Central Electricity Regulatory Commission (CERC) for downgrading their energy trading licenses has landed both in a hot soup. In both cases, the Central Regulator, after going though the documents on record, has seen a fit case […] Read more
With Elevation To Cabinet Rank, Performance Rewarded For R.K. Singh Updated On Thu, Jul 8th, 2021 by Saurenergy For R.K Singh, the former IAS (Indian Administrative Service) officer who was first inducted as the Minister of State For Power in PM Modi’s cabinet back in September 2017, the rise to cabinet rank in under 48 months has been marked with some huge milestones. The latest jump makes him a key ‘doer’ in the […] Read more
ACME, Renew Win MSEDCL 500 MW Solar Tender Updated On Thu, Jul 8th, 2021 by Saurenergy ACME Solar continued its strong return to markets in 2021, with another 300 MW win in Maharashtra State Electricity Distribution Company Limited (MSEDCL)’s 500 Mw solar tender. ACME bid at Rs 2.42 /unit. The second winner was another renewable energy firm that has opened up better capital market access recently, ReNew Power, which bid Rs […] Read more
APTEL Overrides TNERC Judgement In Case of Solitaire BTN’s 100 MW Solar Plant Updated On Wed, Jul 7th, 2021 by Saurenergy The Appellate Tribunal For Electricity (APTEL),has ruled strongly in favour of the solar developer Solitaire BTN (BTN) against the state regulator of Tamil Nadu, discom, transmission firm. In overriding the previous judgement of the state regulator, APTEL has probably shown up the risks of working directly with state discoms like nothing else. The judgement was […] Read more
SECI Wins Crucial Case At APTEL On Trading Margins, For Now Updated On Tue, Jul 6th, 2021 by Saurenergy The Ruling against orders by the Delhi and Punjab regulators will be a relief to the central agency. In a detailed 77 page judgement delivered on July 2nd, a two judge bench of the Appellate Tribunal For Electricity (APTEL) had delivered welcome news to SECI (Solar Energy Corporation of India) on its precious trading margin […] Read more
Punjab Power Crisis The Worst Case Scenario For Poor Policy Decisions Updated On Fri, Jul 2nd, 2021 by Saurenergy Less than 72 hours after Union Minister R.K. Singh spoke about a target of 24×7 power, Punjab, one of the most prosperous North Indian states, is plunged into a power crisis. In this crisis lies the case for some of the biggest reforms that have been pending due to resistance from multiple states, including Punjab […] Read more
ACME Solar’s Rajasthan Projects Back On Track, After Withdrawal OF Termination Notice Updated On Thu, Jul 1st, 2021 by Saurenergy ACME Solar, which had filed for termination of some of its solar projects in Rajasthan, has withdrawn the termination notice, following an amicable settlement of the issue with SECI (Solar energy Corporation of India). This was informed by the firm at the Central Electricity Regulatory Commission (CERC), where it had filed the plea for termination. […] Read more
Fourth Partner Raises $125 Million Equity Funding Updated On Thu, Jul 1st, 2021 by Saurenergy Hyderabad based Fourth Partner Energy has raised a fresh funding of $125 million for its expansion plans. The big new investor this time is Norwegian investment fund Norfund, that has invested $100 million. Existing investor the RISE fund has invested a further $25 million. Norfund was last in the news for its backing of Italy’s […] Read more
Rajasthan HC Cancels Land Allotment To Adani Project Updated On Wed, Jun 30th, 2021 by Saurenergy Delivering its judgement in a case filed in 2020, the Rajasthan High Court has cancelled the land allotment adding up to 1452 bighas in Jaisalmer district that was provided to AREPRL, an Adani group firm set up for these projects. The court has also directed state agencies to conduct survey of the land parcels allotted […] Read more
