Exide Industries Invests Rs.100 Cr For Bengaluru’s Lithium-ion Plant Updated On Fri, Oct 11th, 2024 by Saurenergy Kolkata-based battery manufacturing company Exide Industries Limited recently announced infusion of about ₹100 crores into its subsidiary, Exide Energy Solutions Limited (EESL), to manufacture and sell lithium-ion battery cells, modules, and packs. The company has made a total investment of ₹2,852.24 crore. The equity investment in EESL, on a rights basis, aims to fund this […] Read more
Anant Badjatya Becomes CEO Of SUN Mobility-IOCL JV Updated On Fri, Oct 11th, 2024 by Saurenergy SUN Mobility-IOCL recently appointed Anant Badjatya as the new Chief Executive Officer (CEO) of its newly formed joint venture, Indofast Swap Energy Pvt. Ltd. Anant Badjatya, former Chief Executive Officer (CEO) – SUN Mobility, has taken the reins of Indofast with immediate effect. This step follows the deal signed by IOCL and SUN Mobility in […] Read more
Suzlon, Jindal Renewables Ink 400 MW Captive Wind Power Deal Updated On Thu, Oct 10th, 2024 by Saurenergy Wind energy company Suzlon is set to harness the power of wind energy to decarbonize hard to abate steel sectors. The Pune-based company aims to harness the power of wind through its new 400 MW order from JSP Green Wind 1 Pvt. Ltd. (Special Purpose Vehicle – SPV of Jindal Renewables Power Private Limited). This […] Read more
SGEL Seeks Land To Build 200 MW Solar Project In Gujarat Updated On Thu, Oct 10th, 2024 by Saurenergy SJVN subsidiary SGEL recently released a tender to set up a 200 MW project in Gujarat with an EPC package that includes land. This tender seeks to develop AC grid-connected solar power projects anywhere in Gujarat. The SGEL tender also includes comprehensive O&M for three years. SGEL has set November 5th, 2024, as the last […] Read more
PM Surya Ghar Adds Service Charges Under Rooftop Solar Updated On Thu, Oct 10th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently clarified the provision of a ‘Service Charge’ added under the Operational Guidelines for the PM Surya Ghar Muft Bijli Yojna. The MNRE included a service charge equivalent to 1% of the Central Financial Assistance (CFA) component for residential consumers, amounting to Rs. 657 crores. The MNRE […] Read more
NHPC Opens Bids To Develop 1.2 GW Solar Projects Across India Updated On Wed, Oct 9th, 2024 by Saurenergy NHPC, a PSU Navratna hydropower company released a tender to select solar power generators (SPGs) to set up 1.2 GW ISTS-connected solar power projects, with green shoe options upto 1200 MW. The tender sets November 4th, 2024 as the last date for bid submission. The tender said, “The minimum project size will be 50 MW […] Read more
Jharkhand: DVC Opens Bids To Setup 10 MW Floating Solar Plant Updated On Wed, Oct 9th, 2024 by Saurenergy Jharkhand-based state-owned company Damodar Valley Corporation (DVC) has released a tender for a 10 MW floating solar plant at Chandrapura Thermal Power Station in the state. It sets November 12th 2024 as the last date for bid submission. The state-owned corporation, Damodar Valley Corporation (DVC), invited bids to develop a 10 MW(AC) grid-tied floating solar […] Read more
West Bengal Proposes Allowing Net-Metering Only Upto 500 Kw Updated On Wed, Oct 9th, 2024 by Saurenergy Unlike several state power regulators which allowed net-metering for higher capacities, the West Bengal Electricity Regulatory Commission (WBERC) has proposed allowing net-meter for rooftop solar only upto 500 MW of capacities. This is in contrast to states like Rajasthan, Gujarat and others which have allowed net-metering for rooftop solar consumers upto 1 MW capacities. The […] Read more
IFC Partners, Axis Bank Partner To Provide $500 Mn Loan In India Updated On Tue, Oct 8th, 2024 by Saurenergy The International Finance Corporation (IFC), is making its first blue investment in India in partnership with Axis Bank. IFC entered this partnership with the private sector banks in India to provide a $500 million loan. This initiative also supports the company’s plan to develop a blue finance market and scale up financing of green projects […] Read more
