Facebook Green Energy Goals Speeding Transition in New Mexico: IEEFA Updated On Mon, May 18th, 2020 by Saurenergy Construction of a major Facebook data center in New Mexico has lifted the local economy and accelerated the state’s transition toward renewable electricity Construction of a major Facebook data center in Los Lunas, New Mexico, has lifted the local economy and accelerated the state’s transition toward renewable-powered electricity, concludes a report published recently by the Institute […] Read more
Power Sales Volume up 40%, 20% Rise in Profit in Q4 for IEX Updated On Sat, May 16th, 2020 by Saurenergy Power sales volume jumped nearly 40% at IEX to 13,835 MU in the January-March period, following which its March quarter consolidated net profit witnessed a significant rise. Power sales volume jumped nearly 40 percent at Indian Energy Exchange (IEX) to 13,835 million units (MU) in the January-March period, following which its March quarter consolidated net profit witnessed a significant rise. […] Read more
Discoms to get Loans at low Rates to pay Back Gencos: RK Singh Updated On Fri, May 15th, 2020 by Saurenergy Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […] Read more
Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
Power Demand Dropped 24% in April Due to Lockdown: CRISIL Updated On Thu, May 14th, 2020 by Saurenergy With almost no economic activity taking place in the first 20 days of April due to lockdown, power demand declined sharply by 24 percent in the month With almost no economic activity taking place in the first 20 days of April due to lockdown, and very little operations after that, power demand declined sharply by […] Read more
Mineral Production to Rise as Demand for Green Energy Increases: World Bank Updated On Thu, May 14th, 2020 by Saurenergy A new report shows that production of certain minerals could increase by nearly 500% by 2050 to meet the growing demand for green energy technologies. A new World Bank Group report shows that production of minerals like graphite, lithium and cobalt could increase by nearly 500 percent by 2050 to meet the growing demand for green energy technologies. […] Read more
For India’s Power Sector, A Simple Test To Evaluate The $266 billion Stimulus Updated On Wed, May 13th, 2020 by Saurenergy Yesterday, Prime Minister Narendra Modi delivered yet another surprise, this time pleasant, in his 8 p.m address to the nation. The workaholic PM, whose evening addresses to the nation have achieved somewhat of a legendary status ever since the first big one delivered demonetisation in 2016, delivered one of his most enigmatic speeches, staying away […] Read more
TransAlta Renewables Net Earnings Slip in Q1 Updated On Tue, May 12th, 2020 by Saurenergy Canada-based independent power producer (IPP) TransAlta Renewables has reported a sharp decline of CAD 73 million in its net earnings attributable to common shareholders to merely CAD 3 million, during the first quarter of 2020. The company’s net earnings attributable to common shareholders stood at CAD 76 million in the same period last year. Further, […] Read more
Smart Prepaid Meters Enable Discoms Generate 95% Billing Efficiency amid Lockdown Updated On Tue, May 12th, 2020 by Saurenergy Despite lockdown imposed across the country due to coronavirus crisis, the use of smart prepaid meters is helping power distribution companies (Discoms) in generating around 95 percent of billing efficiency, along with an average 15-20 percent increase in monthly revenue per consumer. This is significant as most of the Discoms amidst lockdown in the country […] Read more
