Azure Power Q2 Results. Not Enough To Enthuse Investors Updated On Mon, Dec 13th, 2021 by Saurenergy The NYSE listed Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2022, period ended September 30, 2021. Fiscal Second Quarter 2022 Period ended September 30, 2021 Operating Highlights: Megawatts (“MW”) Operating* were 2,210 MWs, as of September 30, 2021, an increase of 31% over September 30, 2020. […] Read more
MSEDCL, MERC Face Censure From APTEL Over Payment Delays To Wind Developer Updated On Tue, Sep 21st, 2021 by Saurenergy In a highly critical new order, the Appellate Tribunal for Electricity (APTEL) has ruled against the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), quashing its appeal against “interest on interest,” as imposed on it by the Maharashtra Electricity Commission (MERC), which awarded 1.25% penalty interest on 1.25% delayed payment charges interest to Rajalakshmi Minerals, a […] Read more
APTEL Rules In Favour of PGCIL On Cost Overruns Updated On Mon, Sep 20th, 2021 by Saurenergy In an important ruling, the Appellate Tribunal for Electricity (APTEL) has ruled in favour of Power Grid Corporation of India Limited (PGCIL) on the issue of additional costs incurred due to time overruns on setting up transmission infrastructure. PGCIL had suffered a setback on the matter after the Central Electricity Regulatory Commission (CERC), on a […] Read more
GESCOM Seeks Bids to Empanel Agencies for 10 MW Solar Project Updated On Tue, Sep 7th, 2021 by Saurenergy Gulbarga Electricity Supply Company Limited (GESCOM) has invited Expression of Interest (EoI) for the empanelment of agencies for a 10 MW rooftop solar project in Karnataka. Interestingly, this is the second effort by the discom to empanel firms, after a previous effort in March earlier this year seems to have failed. The scope of the […] Read more
Luminous Power’s New App to Upskill Electricians for Solar Installation Updated On Mon, Aug 23rd, 2021 by Saurenergy New Delhi-based Luminous Power Technologies has launched an app called ‘Solar Guru App’, with the express purpose of engaging and training electricians across the country in solar solutions installation. Through this initiative, the company aims to skill around 2,000 electricians per month through the app in both English and Hindi languages. The cost of the […] Read more
MSEDCL Issues Tender for 487 MW Solar Projects Under Component A of KUSUM Scheme Updated On Fri, Aug 20th, 2021 by Saurenergy Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender for bids under component A of the KUSUM (Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan) scheme, that has a focus on improving incomes of farmers and generating solar power at the scale. Until now, most of the solar success under KUSUM has been […] Read more
APTEL Swayed By Solar Developer’s Appeal Of Financial Distress Updated On Fri, Aug 13th, 2021 by Saurenergy The Appellate Tribunal for Electricity (APTEL) has issued a new order in favour of Sahasradhara Energy Private Limited, allowing the interim financial relief sought by the developer that the Uttar Pradesh New and Renewable Energy Development Agency (UPNREDA), Uttar Pradesh Electricity Regulatory Commission (UPERC), and Uttar Pradesh Power Corporation Ltd (UPPCL) had aggressively opposed. In 2015, […] Read more
Net Metering for Systems Up to 500 kW Proposed In Draft Karnataka Regulations Updated On Tue, Jul 27th, 2021 by Saurenergy In what should be a relief for solar developers, the Karnataka Electricity Regulatory Commission (KERC) has brought up a proposal that revises the limits for net metering to 500 kW from the earlier proposed 10 kW. In the new proposal, the KERC had suggested generic tariffs of Rs. 3.82/kWh for residential rooftop solar systems between […] Read more
APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation Updated On Wed, Jul 14th, 2021 by Saurenergy The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […] Read more
