Back to Biz: Suzlon’s Shareholders Okay Debt Restructuring Plan Updated On Thu, May 21st, 2020 by Saurenergy Tulsi Tanti formed wind turbine maker Suzlon Energy has now got a new life after its shareholders have approved its debt restructuring plan, and helping it to get back into the business again. The Pune-based company had initiated the process of the postal ballot for seeking approval of its shareholders by way of ordinary and […] Read more
Discoms in Bihar Enjoying Perks of Installing EESL’s Prepaid Smart Meters amid Lockdown Updated On Thu, May 21st, 2020 by Saurenergy Amidst nationwide lockdown where most of the Discoms are dealing with outstanding dues mainly on account of long-pending bill payments from their customers, some of the power distribution companies (Discoms) in Bihar are earning Rs 5 lakh per day prepaid revenue through EESL-led smart metering programme. Bihar became the first state in India which has […] Read more
Tata Power Posts Financial Results; Boosted by Renewable Business Updated On Thu, May 21st, 2020 by Saurenergy Tata Power has announced its FY2019-20 financial results, reporting a strong end to the year in the Q4 and strong performance in the renewable business. Tata Power, India’s largest integrated power company, has announced its FY2019-20 financial results. The firm reported a strong end to the year in the fourth quarter with consolidated Profit After […] Read more
Govt to Solarize Konark Surya Mandir, Town in Odisha with 100% Financial Assistance Updated On Wed, May 20th, 2020 by Saurenergy After aiming for the complete solarization of sun-temple town in Gujarat’s Modhera, the Ministry of New and Renewable Energy (MNRE) has now issued fresh guidelines for 100 percent solarization of Konark sun temple, which is popularly known as Surya Mandir, along with the Konark town in Odisha. Through this scheme, the government aimed to meet […] Read more
COVID-19: 155 Global Corporations Jointly Urge World Leaders for Net-Zero Recovery Updated On Wed, May 20th, 2020 by Saurenergy In the largest-ever UN-backed CEO-led climate advocacy effort, major multinationals reaffirm their own science-based commitments to achieving zero-carbon economy and call on governments to match their ambition. The 155 global corporations, with a combined market capitalization of more than USD 2.4 trillion and representing more than 5 million employees, have signed a statement urging governments […] Read more
Myanmar’s 1.06 GW Solar Tender – An Opportunity for Indian Developers Updated On Wed, May 20th, 2020 by Saurenergy The Ministry of Electricity and Energy (MOEE) of Myanmar has recently issued tender inviting bids from solar photovoltaic (PV) developers for the construction of multiple solar power plants across the country, with an aggregate 1.06 GW of capacity. Moreover, Myanmar’s Power Ministry is looking to build approx. 30 large-scale ground-mounted solar power plants with capacities […] Read more
MERC Approves Tariffs For a Combined 633 MW of Solar Power in Maharashtra Updated On Wed, May 20th, 2020 by Saurenergy Last Week for a busy week for Maharashtra, with approvals for close to 633 MW of solar power procurement to meet Maharashtra State Electricity Distribution Company Limited (MSEDCL’s) Renewable Purchase Obligations (RPO) for the state. MSEDCL, which has been procuring just about 3.5 percent of its power requirements from Solar, needs to ramp it up […] Read more
EV Sales to Fall 18% in 2020, Long Term Prospects Unharmed: BNEF Updated On Wed, May 20th, 2020 by Saurenergy Sales of electric vehicles (EV) are forecast to fall 18% in 2020, to 1.7 million worldwide – with the pandemic interrupting 10 successive years of strong growth. Sales of electric passenger vehicles (EV) are forecast to fall 18 percent in 2020, to 1.7 million worldwide – with the coronavirus crisis interrupting ten successive years of […] Read more
India Adds 1043 MW of Utility-Scale Solar and Wind Capacity in Q1: BTI Updated On Wed, May 20th, 2020 by Saurenergy India added about 715 MW of utility-scale solar capacity and 328 MW wind capacity in the January to March quarter, according to a new report India added about 715 megawatts (MW) of utility-scale solar capacity in January-March 2020, down 67 percent from 2163 MW during the same period last year, a report said. According to […] Read more
