CERC Orders Compensation To NTPC Over ‘Change Of Law’ Event Updated On Tue, Apr 30th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement awarded compensation to NTPC Limited over a surge in Goods and Services Tax (GST). The public sector utility had moved to the CERC seeking compensation for the increased project costs due to the increased taxation. The case was related to two solar projects with a […] Read more
Qatar Plans To Increase Its Renewable Capacity To 18% By 2030 Updated On Mon, Apr 29th, 2024 by Saurenergy The Qatar General Electricity and Water Corporation “Kahramaa” recently shared its plans to launch its Qatar National Renewable Energy Strategy (QNRES). Qatar is one of the leading exporters of Liquified Natural Gas (LNG) and relies heavily on thermal sources of energy to cater its electricity demands. As per the strategy prepared by the authority, it has […] Read more
Green Energy Projects In Rs 4,066 Crore Investment Approved By Odisha Govt Updated On Wed, Mar 6th, 2024 by Saurenergy Odisha government’s State-Level Single Window Clearance Authority has sanctioned 22 projects valued at Rs 4,066.71 Crore. These projects were approved in the 129th meeting of the State Level Single Window Clearance Authority meeting chaired by Odisha Chief Secretary Pradeep Jena. The new projects span various sectors, including Green Energy Equipment, Chemical, Textiles and Apparel, Steel, […] Read more
Gujarat Releases Draft Renewable Energy Policy-2023 with Focus on Wind-Solar Hybrid Technologies Updated On Thu, Sep 21st, 2023 by Saurenergy The Government of Gujarat has notified the Renewable Energy Policy-2023 for further encouraging setting up of renewable generation projects based on wind, solar and wind-solar hybrid technologies. The policy will come into effect from the date of notification and shall remain in operation up to June 2028 or till notification of the new policy, whichever […] Read more
CERC Allows HPX To Introduce HP-DAM, HP-TAM & HP Contingency Updated On Tue, Jul 25th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, allowed a petition by the Hindustan Power Exchange (HPX) to introduce High Price (HP) Day-Ahead Market (DAM), HP-TAM (Term-Ahead Market) and HP Contingency. HPX is one of India’s three operational power exchanges besides IEX and PXIL. Earlier, the CERC had approved the pleas of IEX and […] Read more
Two Solar Firms To Get Compensations Due to Increased GST Rates Updated On Mon, Jul 17th, 2023 by Saurenergy In its order, the Central Electricity Regulatory Commission (CERC) granted compensation to two renewable energy companies. The central authority granted these compensations on account of ‘Change of Law’ events. Such events included the rise of Operations and Maintenance (O&M) costs of their projects due to the escalation of GST rates and the imposition of increased safeguard duty […] Read more
CERC Grants Additional Time To HPX To Meet Min Net Worth Norm Updated On Mon, Jul 17th, 2023 by Saurenergy The Central Electricity Regulatory Authority (CERC), in its latest order, granted the Hindustan Power Exchange Limited (HPX) additional time to meet the minimum net worth norm. HPX is one of the few operational power exchanges in India. As per the CERC (Power Market) Regulations 2021, these power exchanges are bound to meet the minimum net worth […] Read more
CEA Revises Methodology To Calculate AT&C Losses Updated On Thu, Jul 13th, 2023 by Saurenergy The Central Electricity Agency (CEA) has issued a notification seeking a revision in the methodology adopted for calculating Aggregate Technical and Commercial (AT&C) Losses. Earlier, The central authority issued its guidelines on calculation methodology for the computation of AT&C losses on June 2, 2017. The addendum of the methodology specified that the collection efficiency of subsidy received and realization […] Read more
State Commissions Can’t Decide On Trade Margins In ISTS Projects: APTEL Updated On Mon, Jul 10th, 2023 by Saurenergy The Appellate Tribunal For Electricity (APTEL), in its latest judgment, ruled that State Commissions do not have the jurisdiction to take a call on the trade margins for Inter-State Transmission System (ISTS) power projects. The apex tribunal passed the order while hearing a case between the Solar Energy Corporation of India (SECI) against an impugned […] Read more
