Director (Power System) Updated On Fri, Jan 12th, 2024 by Saurenergy I. COMPANY PROFILE:- Solar Energy Corporation of India (hereinafter referred to as SECI) is a schedule ‘A’ CPSE under the Administrative jurisdiction of Ministry of New & Renewable Energy. SECI is the only CPSE exclusively dedicated to the development of the Renewable Energy sector in India and its scope of activities covers all renewable energy […] Read more
CERC Awards Compensation To Indigrid Solar Over Change In GST Rates Updated On Fri, Jan 12th, 2024 by Saurenergy In its latest judgment, the Central Electricity Regulatory Commission (CERC) granted compensation to Indigrid Solar-I (AP) Pvt Ltd. over escalated GST rates. The firm approached the Central Commission seeking compensation, citing increased project costs due to introducing GST on solar products. The solar power generator, in its petition, told the CERC that after the firm submitted […] Read more
Could PSPCL Overcome Financial Strife With Solar Deals? Updated On Thu, Jan 11th, 2024 by Saurenergy Punjab State Power Corporation Limited (PSPCL), the primary state discom that has been mired in losses due to a variety of reasons, seems to have latched on to solar power to extricate itself from some of the losses. Readers wouldn’t have failed to notice the higher frequency of solar tenders from the state entity in […] Read more
MERC Imposes 45L Penalty On MSEDCL Over Non-Compliance Updated On Wed, Jan 10th, 2024 by Saurenergy In its latest judgment, the Maharashtra Electricity Regulatory Commission (MERC) imposed penalties on the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) over non-compliance issues. The Maharashtra power regulator passed the Order after Harshwardhan Jadhav, an ex-MLA, moved MERC, seeking action against the state discom. In his petition before the MERC, the petitioner blamed the MSEDCL for non-compliance with the […] Read more
Green Energy, EVs To Drive India’s GDP Growth, Estimates EY Report Updated On Tue, Jan 9th, 2024 by Saurenergy Ernest and Young (EY), in its latest report, said that the green energy industries and electric vehicles could prove to be triggering factors, driving India’s total GDP growth by 2047-48. The report states that this can also pave the way for India’s transition to a developed economy with a rise in the per capita income. The […] Read more
MNRE Increases Subsidy For New Residential Solar Rooftop Consumers Updated On Sat, Jan 6th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) announced an increase in the Central Financial Assistance (CFA) under the rooftop solar scheme (Phase-II) for different categories of residential consumers. The ministry said that the new rates will be applicable for projects undertaken either through the tender mode or through applications received through the National portal […] Read more
IEX December Market Update- Green Market Slide Continues with 60% Drop Updated On Thu, Jan 4th, 2024 by Saurenergy Indian Energy Exchange,(IEX) India’s premier energy exchange, achieved 9,707 MU overall volume in December’23, including 10.52 Lac Renewable Energy Certificates (RECs) (equivalent to 1052 MU), marking a 14.9% increase on YoY basis. IEX achieved 8,655 MU total electricity volume in December 2023, registering an increase of 8.7% on YoY basis. For the third quarter of […] Read more
Chandigarh Open Access Consumers May Get Green Power @Rs 6.75/unit Updated On Wed, Jan 3rd, 2024 by Saurenergy The Joint Electricity Regulatory Commission (JERC) for the state of Goa and Union Territories has now come up with a draft discussion paper to compute the green energy open access tariff in Chandigarh. This comes after the Union government issued a notification last year allowing green energy through open access to consumers even with less […] Read more
NTPC Objects To Solar Cell Imports From China, Loses Case Before CERC Updated On Tue, Jan 2nd, 2024 by Saurenergy In a recent case before the Central Electricity Regulatory Commission (CERC), Indian power behemoth NTPC objected to the plan of a solar power developer to continue importing solar cells at higher prices. The development came to the fore when Solairepro Urja Pvt Ltd, a Pune-based solar developer, moved CERC seeking compensation. The firm demanded compensation […] Read more
