DoE Lowers Performance Security to 3%, Introduces Bid Security Declarations Updated On Tue, Dec 15th, 2020 by Saurenergy DoE has reduced the performance security to 3 percent for all existing and future tenders concluded till December 31, 2021. The Department of Expenditure (DoE) has notified that the Performance Security shall be reduced from existing 5 to 10 percent to 3 percent for all existing and future tenders concluded till December 31, 2021. The […] Read more
Fitch Ratings Bumps Up IREDA Credit Ratings Updated On Mon, Dec 14th, 2020 by Saurenergy Global ratings agency, Fitch Ratings has upgraded Indian Renewable Energy Development Agency Limited ‘s (IREDA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) and long-term senior unsecured rating to ‘BBB-‘ from ‘BB+’. The Outlook is Negative. At the same time, Fitch has upgraded the Short-Term IDR and the short-term senior unsecured rating to ‘F3’ from […] Read more
SJVN and IREDA Agree Terms for Cooperation on Green Energy Projects Updated On Tue, Dec 8th, 2020 by Saurenergy SJVN Ltd and the Indian Renewable Energy Development Agency (IREDA) have entered an MoU for collaboration on green energy projects. Two Public Sector Undertakings under the Ministry of Power, SJVN Ltd and the Indian Renewable Energy Development Agency (IREDA) have announced that they have entered a Memorandum of Understanding (MoU) for collaboration on green energy […] Read more
Discoms’ Dues to Power Gencos Rises 29% YoY to Rs 1.38 Lakh Crore in October Updated On Mon, Dec 7th, 2020 by Saurenergy Discoms total dues owed to Gencos rose by over 29 percent year-on-year (YoY) to reach Rs 1.38 lakh crore in October 2020. Power Distribution Companies (Discoms) total dues owed to power producer i.e. generation companies (Gencos) rose by over 29 percent year-on-year (YoY) to reach Rs 1,38,187 crore (Rs 1.38 lakh crore) in October 2020. […] Read more
OKAYA Bags World Bank-funded Contract for Setting up EV Charging Stations Across India Updated On Wed, Nov 25th, 2020 by Saurenergy OKAYA has bagged a major World Bank-funded contract from EESL for commissioning of 1020 multi-standard EV charging stations across India. OKAYA, a flagship company of Okaya Power Group has announced that it has bagged a major World Bank-funded contract from Energy Efficiency Services Limited (EESL), a JV of PSUs of Ministry of Power, Government of […] Read more
EESL, Goa Renewable Energy Dept. Sign MOU For Green Convergence Updated On Tue, Nov 17th, 2020 by Saurenergy Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power and Department of New & Renewable Energy (DNRE), Goa, have signed a memorandum of understanding today (November 17) to discuss rolling out of India’s first Convergence Project in the State. The MoU was signed in the presence of R K […] Read more
KSEB Finally Closes 200 MW Solar Tender At Rs 2.97/unit, NTPC, Tata Power Winners Updated On Fri, Nov 13th, 2020 by Saurenergy The Kerala state Electricity Board (KSEB), after a nearly year long struggle, has finally reached closure on its quest for 200MW solar power for the state, though the final reported price, Rs 2.97.unit , may not exactly be what they had hoped for. Keep in mind that the board had failed to convince NHPC to […] Read more
NTPC Brings Online First 8 MW Part of 20 MW Auraiya Solar Project Updated On Wed, Nov 11th, 2020 by Saurenergy NTPC has begun commercial operation of the first part worth 8 MW capacity of the 20 MW Auraiya Solar PV Project in UP. NTPC Ltd has announced that upon successful commissioning, it has begun commercial operation of the first part worth 8 MW capacity of the 20 MW Auraiya Solar PV Project at Auraiya, UP. […] Read more
Discoms’ Dues to Gencos Rises to Rs 1.38 Lakh Crore in September Updated On Mon, Nov 9th, 2020 by Saurenergy The dues owed by Discoms to power Gencos increased to Rs 1.38 lakh crore in September 2020, witnessing a 28 percent rise over the same month last year. The dues owed by distribution companies (Discoms) to power generators (Gencos) increased to Rs 1,38,479 crore (Rs 1.38 lakh crore) in September 2020, witnessing a 28 percent […] Read more
