Power Exchange Launches ESCerts Trading from Today Updated On Tue, Oct 26th, 2021 by Saurenergy The Power Exchange India (PXIL) on Monday said trading of ESCerts under the Perform, Achieve and Trade (PAT) scheme – cycle II will commence from today, i.e. October 26. The company had conducted a mock trading session on October 8, 2021, which received encouraging reception, PXIL said in a statement. ‘ESCerts’ are the Energy Savings […] Read more
MoP Notifies Rules for Timely Recovery of Costs due to ‘Change in Law’ Updated On Mon, Oct 25th, 2021 by Saurenergy The Ministry of Power (MoP) has notified a new rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards climate change, states a press release. MoP said that investors and other stakeholders in the power sector were concerned about the timely recovery of the cost due […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
MSEDCL Invites Vendor Bids for 200 MW Residential Rooftop Empanelment Updated On Mon, Oct 18th, 2021 by Saurenergy Residential rooftop solar continues to move ahead after a period of dormancy. The latest to add to the push is Maharashtra, where the key state discom, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has invited bids for vendors for 200 MW of grid-connected residential rooftop solar systems under the capital expenditure (CAPEX) model. The […] Read more
At 2256MW, Gujarat adds Most Solar, Wind Capacity b/w July’20 & June’21 Updated On Thu, Oct 14th, 2021 by Saurenergy India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, according to a report released yesterday by Bridge to India, a renewable energy consultancy and knowledge services provider. Gujarat added 2,256 MW capacity, the highest capacity during the said period, followed by Rajasthan and Uttar Pradesh […] Read more
Power Trading Gets a Fillip With SC Judgement On CERC, SEBI Jurisdiction On Electricity Contracts Updated On Thu, Oct 7th, 2021 by Saurenergy A key power sector reform which was held up due to the jurisdiction issues between SEBI and CERC has finally been resolved. On 06.10.2021, the long pending matter between SEBI and CERC regarding regulatory jurisdiction of Electricity Derivatives has finally got resolved with the Hon’ble Supreme Court favorably disposing of the matter in terms of […] Read more
6 Myths Blown Away By India’s Power Crisis Updated On Thu, Oct 7th, 2021 by Saurenergy The power crisis in India has received enough coverage in the media, with focus now on the barely 3 days coal supplies with a significant segment (Over 40%) of the country’s thermal fleet of power stations. While the use of the word energy transition is designed to soothe nerves and allow the huge changes underway […] Read more
New Electricity Rules Make Transmission Access Simpler Updated On Tue, Oct 5th, 2021 by Saurenergy The Ministry of Power (MoP) has released the Electricity (Transmission System Planning, Development and Recovery of Inter-State Transmission Charges) Rules 2021, which are aimed at allowing power sector utilities easier access to the electricity transmission network across the country. Transmission system is the vital linkage in the power sector value chain connecting generation and demand. […] Read more
CESL Launches Grand Challenge for E-Buses Deployment in 9 Cities Updated On Fri, Oct 1st, 2021 by Saurenergy In an attempt to boost the adoption of electric buses for public transport in the country, Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has announced the ‘Grand Challenge’ – a set of homogenized demand for electric buses aggregated across nine cities. The Grand Challenge invites State Transport Undertakings […] Read more
