Suzlon Survives, With Debt Recast From Bankers Updated On Wed, Apr 1st, 2020 by Saurenergy Troubled Wind Energy manufacturer Suzlon has informed the stock exchanges about a debt recast approved by its lending consortium, led by the State Bank of India. The total amount involved has been reported to be close to Rs 14,000 crores. The firm has been in financial trouble for quite some time, a situation that has […] Read more
Backed by RE, Ministry Confident of Meeting Peak Demand by 2026-27 Updated On Tue, Mar 31st, 2020 by Saurenergy The Standing Committee on Energy recently presented its 4th report in the Parliament, one key area of focus was peak power demand and the demand met The Standing Committee on Energy working under the Ministry of Power had recently presented its fourth report in the Parliament addressing all the financial layouts made by the government […] Read more
PSU’s of MoP, MNRE Contribute Rs 925 Cr to Combat COVID-19 Updated On Tue, Mar 31st, 2020 by Saurenergy PSU’s of MoP and MNRE have pledged to contribute Rs 925 crore to PM-CARES Fund in support to all on-going relief efforts to combat the COVID-19 Outbreak. The Public Sector Undertakings of the Ministry of Power (MoP) and the Ministry of New and Renewable Energy (MNRE) have pledged to contribute Rs 925 crore to the […] Read more
Lockdown to Impact Power Demand, Cash Flows for Discoms: ICRA Updated On Tue, Mar 31st, 2020 by Saurenergy The COVID-19 lockdown will adversely impact power demand, cash flows for Discoms leading to payment delays for Gencos and transmission firms, as per ICRA The lockdown announced by the government to control the spread of the Novel Coronavirus (COVID-19) pandemic will adversely impact electricity power demand, and cash flows for distribution companies (Discoms) – leading to payment delays for power generation and […] Read more
E-Bike Startup Zypp Sets up Battery Swapping Stations in Gurugram Updated On Tue, Mar 31st, 2020 by Saurenergy EV startup Zypp has announced that it has made its foray in battery swapping for EVs. The firm has installed 15 battery swapping stations in Gurugram Electric vehicle (EV) startup Zypp has announced that it has made its foray in battery swapping for EVs. The firm has installed 15 battery swapping stations in Gurugram. As […] Read more
Peak Power Demand Continues Fall, Down 28% Since March 20 Updated On Tue, Mar 31st, 2020 by Saurenergy Peak power demand in the country dipped over 28% to 117.76 GW on Saturday – March 28, as compared to 163.72 GW on March 20 Peak power demand in the country dipped over 28 percent to 117.76 gigawatts (GW) on Saturday – March 28, 2020, as compared to 163.72 GW on March 20, showing the impact of nationwide lockdown […] Read more
Power Ministry Committed for 24×7 Supply to Consumers: RK Singh Updated On Mon, Mar 30th, 2020 by Saurenergy In the wake of lockdown imposed across the country to contain the spread of the coronavirus pandemic, the Power Minister RK Singh has ensured round-the-clock power supply to consumers. The Minister said that “in this time of crisis, the Ministry of Power is committed to providing 24×7 supply of electricity to all consumers.” He further […] Read more
Govt Provides Relief to Discoms amid Covid-19 Crisis Updated On Mon, Mar 30th, 2020 by Saurenergy In a next spell of providing relief measures to the country’s ailing power sector amid lockdown due to coronavirus crisis, Power Minister RK Singh has now provided relief to power distribution companies (Discoms), with an aim to ease out their liquidity problems. The Power Ministry has approved financial relief measures for Discoms citing “due to […] Read more
Sterlite Power Partners with 4 EPC, OEM Players to Execute its Lakadia Vadodara Transmission Project Updated On Mon, Mar 30th, 2020 by Saurenergy Sterlite Power, which is among the leading global developers in power transmission space, has entered into partnership with four major players in the EPC and OEM space, with an aim to execute it’s Green Energy Corridor (GEC) project – Lakadia Vadodara Transmission Project Ltd (LVTPL). Thus, the company has joined hands with GE T&D India […] Read more
