KEC International Resumes Work at All 5 Factories; Stock Surges 4.5% Updated On Thu, Apr 30th, 2020 by Saurenergy RPG Group flagship firm KEC International (KEC) has resumed operations at all its 5 factories across the country in a phased manner after receiving necessary approvals from the relevant government authority. Most of the companies across the country had earlier in March shut down their operations post the government order for a lockdown amidst the spread […] Read more
India’s Electricity Demand to Shrink 1%, Discoms Losses to Rise by Rs 200 Bn: ICRA Updated On Wed, Apr 29th, 2020 by Saurenergy Amidst the lockdown imposed across the country due to coronavirus, the demand slowdown is likely to lead to a de-growth of 1.0 percent in electricity demand for the full year of FY2021, as predicted by a leading credit rating agency, ICRA. The rating agency analysed after considering the full lockdown till May 3, 2020, partial […] Read more
Every Power Station Performed Optimally amid Covid-19 Crisis: NTPC Updated On Mon, Apr 27th, 2020 by Saurenergy Amidst the ongoing crisis caused due to the spread of coronavirus pandemic, state-owned power giant NTPC, which was formerly known as National Thermal Power Corporation Ltd, said that its every power station has risen to the occasion and is performing at its optimum level. Maharatna NTPC is having a total installed capacity of 62,110 MW, […] Read more
After Inox, Swelect Energy Resumes Module Manufacturing at B’luru Plant Updated On Mon, Apr 27th, 2020 by Saurenergy Hours after the announcement of Inox Wind opening up all three of its manufacturing plants, solar energy products manufacturer Swelect Energy Systems Ltd too announced the resumption of operations at its solar photovoltaic (PV) modules manufacturing plant located in Bengaluru effective from April 25, 2020. Most of the companies across the country had earlier in […] Read more
REC Sanctions Rs 7 Cr to Ramp Up Relief Work Amid Lockdown; More to Come Updated On Wed, Apr 22nd, 2020 by Saurenergy The central public sector undertaking (CPSU) REC Ltd, via its CSR arm REC Foundation, has sanctioned Rs 7 crore in a step to speed up the relief work amidst lockdown due to the spread of the coronavirus pandemic. Concerned over the plight of daily wagers, the navratna non-banking finance company (NBFC) said that more such […] Read more
150 GW of RE Projects at Risk Due to Coronavirus Updated On Wed, Apr 22nd, 2020 by Saurenergy In the fast developing situation arising out of the Coronavirus pandemic and its impact on renewables worldwide, we have seen many estimates, and updations to those estimates. The latest one is Wood Mackenzie’s (Woodmac) research that shows up to 150 gigawatts (GW) of wind and solar projects across the Asia Pacific at risk. These projects […] Read more
In China, a Mixed Bag of Results And News from Solar Majors in Q1 Updated On Wed, Apr 22nd, 2020 by Saurenergy Close on the heels of a strong recovery in March this year, right after the worst of the Covid-19 imposed lockdowns in the country, major China-based firms have declared a mixed set of news, guidance, and results. Bringing up the tough news was Sunpower, a manufacturer of cells and modules, which has idled its plants […] Read more
Now, Safeguard Duty Clarification From MNRE Awaits Updated On Wed, Apr 22nd, 2020 by Saurenergy An active Ministry of New and Renewable Energy (MNRE) has been in overdrive in 2020, delivering a wishlist of moves for the sector so far. Not just that, some of the amendments planned for the Electricity act of 2003 soon, will add even more legal teeth to its orders, issued mainly to protect the sector […] Read more
Solar PV Corporate Funding Expected to Take a hit Updated On Mon, Apr 20th, 2020 by Saurenergy Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic will see the solar PV funding take a hit Lack of venture capital investment and reduced public market financing activity due to the COVID-19 pandemic is squeezing cash flows. Between January and March this year, total corporate funding in […] Read more
