Amp Energy India Appoints Surendra Gupta as Director and CFO Updated On Wed, Sep 2nd, 2020 by Saurenergy Amp Energy India has appointed industry veteran Surendra Gupta as Director and CFO to lead the finance function amid its India expansion plans. Amp Energy India, a leading renewable energy company has announced that it has appointed industry veteran Surendra Gupta as Director and Chief Financial Officer (CFO) to lead the finance function amid its […] Read more
Indian Railways Begins Talks With key Solar Industry Players Updated On Sat, Aug 29th, 2020 by Saurenergy Piyush Goyal has held a meeting with stakeholders in the solar sector and discussed innovative solutions for setting up solar projects along railways tracks. As part of the Indian Railways‘ plan to become a net-zero carbon emitter by 2030, Railway Minister Piyush Goyal has held a meeting with stakeholders in the solar power sector and discussed innovative […] Read more
SPDA Makes a Case for 18 Month Deferment of BCD On Solar Equipment Updated On Fri, Aug 28th, 2020 by Saurenergy Just a week after the manufacturers association, the All India Solar Industries Association (AISIA) made a plea for 50 percent BCD at the earliest, comes the rejoinder from Solar Power Developers Association (SPDA). The SPDA is a national association representing India’s ‘upcoming’ solar power generators and developers, and says that the Government must reconsider its […] Read more
SECI Releases ₹520 Crores To developers in July Updated On Fri, Aug 28th, 2020 by Saurenergy At a time when the stress due to overdues from discoms, besides multiple other factors has got the industry on edge, SECI (Solar Energy Corporation Of India) has released a statement that claims ₹520 crores have been released to developers for payments against wind and solar energy generation. This represents about 75 percent of the […] Read more
India’s Stuttering Solar Progress Grinds To a Halt With COVID-19 Updated On Thu, Aug 20th, 2020 by Saurenergy Two latest reports by independent research agencies in the Indian renewable energy segment have revealed that the first half of the year (H1 2020) only saw a total of between 1 GW and 1.3 GW of new solar installations in India. While the full year installations expected to reach 3.5 GW (4.5 GW with rooftop) […] Read more
4 Winners in NTPC’s 1.2 GW Solar Tender, Winning Bid at Rs 2.43/kWh Updated On Fri, Aug 7th, 2020 by Saurenergy NTPC Ltd has concluded the e-reverse auction for its 1.2 GW solar tender awarding capacity to 4 winners in O2 Power, Tata Power, Azure Power, and AMP Energy NTPC Ltd has concluded the e-reverse auction for its tender for the selection of solar power developers for setting up 1.2 GW ISTS-Connected solar PV power projects […] Read more
With SGD Extended by 1 Year, Manufacturer’s Eye BCD Announcement in August Updated On Thu, Jul 30th, 2020 by Saurenergy Following the recommendations of the DGTR (Directorate General of Trade Remedies) last week, the government has formally notified the extension of the Safeguard Duty (SGD) by a year on Chinese origin solar equipment. The extension, till July 29, 2021, seeks to protect Indian manufacturers from alleged dumping by Chinese firms. Interestingly, there is no mention […] Read more
MoP may Consider Extending ISTS Charges Waiver beyond 2022: RK Singh Updated On Wed, Jun 17th, 2020 by Saurenergy RK Singh has said the MoP may consider extending beyond 2022 the waiver of Inter-state Transmission System (ISTS) charges for renewable energy projects. Union Power Minister RK Singh has said that the power ministry (MoP) may consider extending beyond 2022 the waiver of Inter-state Transmission System (ISTS) charges for renewable energy projects. Last year in November, the ministry had extended […] Read more
SECI Disburses Rs 10.3 Cr in GST Claims to 6 SPDs in May Payments Updated On Tue, Jun 16th, 2020 by Saurenergy SECI has detailed that it has reimbursed six firms or SPDs (across their multiple subsidiary SPVs) for GST claims to the tune of Rs 10.35 crore. The Solar Energy Corporation of India (SECI), the nodal agency for implementing renewable energy projects in the country recently published a list of all the payments (solar/ wind power […] Read more
