Loans Worth Rs 1.25 Lakh Cr so far Under Discoms Liquidity Package Updated On Wed, Feb 3rd, 2021 by Saurenergy Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by PFC and REC Ltd under the liquidity package for stressed power Discoms Loans worth nearly Rs 1.25 lakh crore have been sanctioned so far by state-owned non-banking finance firms Power Finance Corporation (PFC) and REC Ltd under the liquidity package for stressed power distribution […] Read more
ADB & Japan’s METI to Promote Clean Energy in Southeast Asia Updated On Wed, Feb 3rd, 2021 by Saurenergy ADB and Japan’s METI have signed a MOC to enhance their joint efforts to promote clean energy in Southeast Asia. The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation (MOC) to enhance their joint efforts to promote clean energy in Southeast Asia. The cooperation […] Read more
Power Sector Non-banking Financier PFC Raises $500 Mn Through Bonds Updated On Wed, Feb 3rd, 2021 by Saurenergy Power sector Non-Banking Financial Company (NBFC), Power Finance Corporation (PFC), has raised USD 500 million on January 29, 2021, through the issuance of dollar-denominated Bonds with a fixed maturity of May 16, 2031. This is the longest tenor bond issuance from India since the start of 2021. The bonds have a fixed coupon of 3.35 percent per […] Read more
Solar Industry Hoping for More Elaborate Support From Union Budget Updated On Tue, Feb 2nd, 2021 by Saurenergy The new Union Budget for 2021 has attracted positive responses from industries and the stock markets alike, appreciating the government’s attempt to revive the economy. Evident from our first story the power industry had also welcomed the broad direction, however, there also were some requests for specifics. In a similar tone, three solar industry majors […] Read more
The Transition to EVs in India Will Require Rs 19.7 Lakh Crore Investment: Report Updated On Tue, Feb 2nd, 2021 by Saurenergy The transition to EVs in India will require a cumulative investment of Rs 19.7 lakh crore in EVs, charging infrastructure, & batteries by 2030 A new report by NITI Aayog and Rocky Mountain Institute (RMI) has found that the transition to electric vehicles (EVs) in India will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, […] Read more
NIPSCO Announces Completion of its First Two Wind Projects Updated On Tue, Feb 2nd, 2021 by Saurenergy Northern Indiana Public Service Company LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), today announced that its first two Indiana-based wind projects – Rosewater Wind and Jordan Creek Wind – are online and operating, producing more cost-effective, cleaner energy for its customers across Indiana. “We are excited to welcome these wind assets to our generating portfolio,” said Mike Hooper, NIPSCO […] Read more
LONGi Launches New 66C Type Hi-MO 4m Module for Global DG market Updated On Tue, Feb 2nd, 2021 by Saurenergy LONGi, a leading solar technology company headquartered in Xi’an, China, has officially launched its new 66C type Hi-MO 4 monofacial PV module (Hi-MO 4m) for the global distributed generation (DG) market. With an area of about 2 m2, weight of 22kg and power of 410-420W, the new module can be widely used on rooftops in […] Read more
Tata Power to now Operate the Entire Distribution System in Odisha Updated On Tue, Feb 2nd, 2021 by Saurenergy Tata Power will now serve the entire population of the state of Odisha after it secured LOI to operate the north eastern distribution system Tata Power, India’s largest integrated power utility, has announced that it has received the Letter of Intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply […] Read more
Budget 2021 Reactions. Industry Welcomes Broad Direction, Hopes For Specifics Updated On Tue, Feb 2nd, 2021 by Saurenergy The Union Budget 2021, for all its usual detractors, has been welcomed in more ways than one. While the stock markets seem to have welcomed the bold moves to junk fiscal limitations and go for high spending to revive the economy, the industry has welcomed it for more reasons. One couldn’t help but notice during […] Read more
