Powerica Ltd Entitled To Compensation Due To Rise of GST Rates Post-Contract, Rules CERC Updated On Tue, Apr 11th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest Order, while hearing a petition filed by Powerica Limited, has ruled that the change of Goods and Service Tax (GST) rates after receiving a contract was a deemed case of ‘change of law.’ Accordingly, the regulatory body also ordered compensation to the wind energy company on […] Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
Over 1100 MUs of Green Power Procured During FY22-23 By Railway Energy Management Company Updated On Wed, Mar 29th, 2023 by Saurenergy Railways around the world are stepping up efforts towards decarbonization and accelerating the employment of renewable sources of energy. Indian Railways have set sights on becoming a net zero emitter by 2030. The Railway Energy Management Company Ltd (REMCL), is a joint venture between RITES Ltd and the Indian Railways. REMCL is the nodal agency […] Read more
IOC Chairman Presents 500 Solar-Powered Indoor Cooking Systems to Sri Lanka Updated On Mon, Mar 27th, 2023 by Saurenergy The Chairman of Indian Oil Corporation Ltd Shrikant Madhav Vaidya had recently paid a visit to Sri Lanka. The Chairman presented 500 indoor solar cooking systems to the island country. The cooking system, named ‘Surya Nutan’, has been developed and designed indigenously by IOCL. It is a patented product. The Indian Oil Corporation presented the […] Read more
NTPC Invites Bids for Power Evacuation Pkg-I Under Development of 755 MW Solar Park Updated On Fri, Mar 24th, 2023 by Saurenergy India’s largest energy conglomerate NTPC has issued a tender for power evacuation package-I under development of 755 MW GVREL Solar Park at Tilaiya and Panchet Reservoir, DVC. The Green Valley Renewable Energy Limited (GVREL) Solar Park is a joint venture between NTPC Renewable Energy Limited and Damodar Valley Corporation. The EMD cost is INR 20000000. […] Read more
ACWA Power to Build $7.5 bn Worth Renewable Energy Projects & BESS in Uzbekistan Updated On Tue, Mar 21st, 2023 by Saurenergy Saudi renewables developer ACWA Power has inked three PPAs and investment agreements with Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) and Ministry of Investment, Industry and Trade of Uzbekistan. Under the agreements, ACWA Power will develop three solar PV projects in Tashkent and Samarkand. It will also build three Battery Energy Storage Systems […] Read more
Sterlite Power Bags Green Energy Transmission Project in Rajasthan Updated On Fri, Mar 17th, 2023 by Saurenergy Private sector power transmission infrastructure developer and solutions provider across India and Brazil, Sterlite Power, has bagged a transmission project for evacuation of power from Renewable Energy Zones in Rajasthan. These are under Phase-III Part G. Sterlite Power won the project through the bidding process via tariff-based competitive bidding (TBCB). The firm received the Letter […] Read more
Power Minister R.K. Singh Updates Parliament On Progress With India’s Energy Transition Updated On Wed, Mar 15th, 2023 by Saurenergy Union Minister of Renewable Energy & Power R.K. Singh made a slew of announcements in the Rajya Sabha yesterday, shining the light on the progress made in renewable energy in the country. Here is a look at some important of the relevant news related to renewables. Renewable Energy Installed As on 31.01.2023, the cumulative installed […] Read more
Min Of Defence Issues Tender for Consultancy Services for 15 MW Solar Power Generation Plant Updated On Wed, Mar 15th, 2023 by Saurenergy The Ministry Of Defence (Army) has issued a tender for consultancy services for soil investigation for the provision of 15 MW solar power generation plant at AFA Hyderabad. The bid validity is or 60 days. The be eligible for bidding, the bidder must have three years of experience. The estimated value of the bid is […] Read more
