IndiGrid InvIT Completes Rs 660 crore Acquisition Of Fotowatio’s India Solar Assets Updated On Wed, Jul 14th, 2021 by Saurenergy IndiGrid, the Infrastructure investment trust (InvIT) has announced the formal acquisition of the entire stake in two solar energy assets with cumulative capacity of 100 MW from Spanish developer Fotowatio Renewable Ventures (FRV) at an enterprise value of Rs 660 crore. The firm had actually made a regulatory filing on these back in December 2020. […] Read more
NHPC Enters Rajasthan, with 600 MW Solar Tender Updated On Wed, Jul 14th, 2021 by Saurenergy Hydro energy PSU NHPC (National hydroelectric Power Corp), which has also made some strong solar energy plans, has invited bids for a 600 MW ISTS (Inter State Transmission System) connected solar project. The tender, which covers engineering, procurement, and construction (EPC) for the project/s, is planned for Deora village of the Jaisalmer district in Rajasthan. […] Read more
Tata Power, Azure Win MSEDCL Hybrid Tender With Rs 2.62 Bid Updated On Mon, Jul 12th, 2021 by Saurenergy Tata Power (TP Saurya Limited) and Azure Power have edged out RenEw Power to win the Hybrid MSEDCL tender for wind and solar combined. The winning bidders came in with bids at Rs 2.62, a paisa lower than RenEw Power’s Rs 2.63 bid. The tariff is less than 10 percent higher than the one discovered […] Read more
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
