Plans in Place to More Than Triple Local Solar Manufacturing Capacity Updated On Mon, Jul 6th, 2020 by Saurenergy The government has proposed a major push to domestic manufacturing of solar equipment in the country that would completely eliminate the need for imports The central government has proposed a major push to domestic manufacturing of renewable energy (solar) equipment in the country that would completely eliminate the need for imports, particularly from countries such as China. As part of […] Read more
PFC, REC may Restrict Funding for Projects Using Chinese Equipment Updated On Tue, Jun 30th, 2020 by Saurenergy The government’s economic response against China may see public-sector financiers like PFC, REC restricting funding of projects that use equipment from the country The government’s economic response against China may see public sector financiers restricting funding of projects that use equipment from the neighbouring country. The practice would first be adopted in the power sector, […] Read more
Policy Focus on Domestic Manufacturing Positive for Indian Solar OEMs: ICRA Updated On Thu, Jun 25th, 2020 by Saurenergy With an aim to support domestic module manufacturers, government’s focus recently increased on the initiatives like ‘Atmanirbhar Bharat Abhiyan’ and ‘Make in India’. Now, in line with this, the government has formulated various schemes in past one year including the Central Public Sector Undertaking (CPSU) Scheme which envisages installation of 12 GW solar power capacities […] Read more
India Short Circuits Power Sector Imports, As China Shadow Looms Updated On Tue, Jun 23rd, 2020 by Saurenergy With material from China practically stuck at ports, ever since last week, when a border skirmish went out of control leading to fatalities on a hitherto ‘peaceful’ border, Power Minister R.K. Singh formally outlined a series of steps today, to combat the ‘risks’ of imports in the ‘strategic’ power sector. The measures, while stopping short […] Read more
Need to Reduce Dependence on Power Sector Import: RK Singh Updated On Tue, Jun 23rd, 2020 by Saurenergy In order to protect the safety and security of our country, there is a need to reduce the dependency on import in the power sector, said RK Singh on Tuesday. The Minister also emphasized that power is a critical infrastructure for the development of our country, and everything, including, communication, data services, health services, logistics, […] Read more
Solar Manufacturers Support Vocal-for-Local Program; Seek Level-Playing Field Updated On Tue, Jun 2nd, 2020 by Saurenergy The country’s leading solar photovoltaic (PV) manufacturers, including RenewSys, Vikram Solar and Webel Solar, have extended their support to Prime Minister Narendra Modi’s recent call for Vocal-for-Local program. However, they sought level-playing field for all irrespective of the area within the country. By welcoming the government’s move, Avinash Hiranandani, Global CEO & Managing Director of […] Read more
Govt Exploring New Lending Institutions to Support Small Enterprises: Gadkari Updated On Tue, May 26th, 2020 by Saurenergy The government is exploring new financial lending institutions to support small-scale units to provide financial support, said Nitin Gadkari, the Union Minister for Micro, Small and Medium Enterprises (MSME) and Road Transport and Highways (MORTH). The Minister assured the industry stakeholders that the government is working towards strengthening the NBFCs which will help small businesses […] Read more
Govt to Offer Rebate to Discoms for Covid-19 Lockdown Period Updated On Sat, May 16th, 2020 by Saurenergy With an aim to provide relief to cash strapped power distribution companies (Discoms), the government has taken a slew of measures to help them, including providing a rebate for the lockdown period amidst the coronavirus pandemic. The power ministry’s move is in line with the Finance Minister Nirmala Sitharaman’s announcement on May 13, 2020, under […] Read more
Discoms to get Loans at low Rates to pay Back Gencos: RK Singh Updated On Fri, May 15th, 2020 by Saurenergy Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […] Read more
