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Electricity Act

3000 Indian villages to get electricity through renewable energy sources under the DDUJGY scheme: Piyush Goyal

Government is gearing up to electrify about 3000 villages through renewable energy sources. Minister of State (IC) for Power, Coal and New & Renewable Energy- Piyush Goyal said that out of un-electrified villages, about 3000 villages to be electrified through renewable energy sources under the DDUJGY scheme. Union Finance Minister Arun Jaitley in his budget […]

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SunEdison’s poll result shows 74% of Maryland voters support the Clean Energy Jobs Act

Sun Edison, Inc. and the Maryland Climate Coalition have released poll results showing that Maryland residents support legislation that would expand clean energy and clean energy jobs in the state. The Clean Energy Jobs Act promotes Maryland’s clean energy standard and entails the state to generate 25% of electricity by 2020 from clean sources. The act also sets […]

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MSMEs and SSI sought for separate electricity tariff, urges for solar use

Micro, Small and Medium Enterprises (MSME) and Small Scale Industries (SSI) are seeking for separate electricity tariff. Both MSMEs and SSIs have detailed their presentation before Karnataka Electricity Regulatory Commission (KERC) last week. MSME associations jointly organizing an awareness programme in Karnataka on ‘Roof Top Solar Power Generation’ to encourage the SMEs and SSIs to […]

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The Power Industry can attract One Trillion Dollar Investment by 2030: Shri Piyush Goyal

During the term of five year, the power industry is reckoned to attract an investment figured to $250 billion. Government’s task of rural electrification mission emphasizing no village without electricity access and coal swapping plus fresh policies for the electricity sector would aid in attracting this investment, said Union power and coal minister Piyush Goyal […]

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Global Solar Sector Attracts US$160 billion Investment in 2015 – BNEF Report

In 2015 the Global investment in solar sector reached a record US$161.5 billion off the back of 57GW of PV installations, more startling than the growth figures is that this commitment to renewables has continued to ratchet up while fossil fuel prices have plummeted. Oil prices have more than halved in two year. According to […]

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Intended Capital Cost for Solar PV – Central Electricity Regulatory Commission (CERC)

Central Electricity Regulatory Commission (CERC) passed an instruction for resolution of standard capital expense for solar PV ventures for the fiscal year 2016-17. The instruction gauges capital expense including expense of gear, development, land, transmission and pre-operative costs of solar PV ventures for the upcoming FY at INR 50.1 million/MW (USD 0.76 million). Giving a […]

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APTEL Rules Against Transferability of Banked Energy

In an order last week, the Appellate Tribunal for Electricity (APTEL) delivered a key judgement on the transfer of banked wind energy between two projects belonging to the same firm. The case was filed by steel maker Maharashtra Seamless Limited  versus the Maharashtra Electricity Regulatory Commission, Maharashtra State Electricity Distribution Co. Ltd., Maharashtra Energy Development […]

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MRF Set To Make Rs. 7.26 Crore Investment In Clean Max Omni

Chennai-based Tyre manufacturer MRF Limited recently announced its plans to acquire a 26 per cent stake in Clean Max Omni Private Limited for Rs. 7.26 crores, pivoting into renewable energy space. The tyre manufacturers entered into a captive power purchase agreement with Clean Max Omni for a hybrid power supply under the government’s captive power policy. In […]

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In Key Judgement, SC Backs Independence for SERCs

In a ruling that is likely to have far reaching implications, the Supreme Court of India has strengthened the independence of India’s State Electricity Regulatory Commissions (SERCs), placing them beyond the writ of the respective state governments in issuing orders. The ruling was made by a bench comprising the Chief Justic of India Dr DY […]

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