Power Minister Interaction With Stakeholders On Draft Policy For Energy Storage Systems Updated On Thu, Jan 27th, 2022 by Saurenergy In an important discussion on January 25, the Union Minister of Power and New and Renewable Energy, R.K. Singh interacted with Renewable Energy developers, industry and various government representatives to discuss the elements of the draft Policy on Energy Storage system. The policy aims at the creation of technology-agnostic large storage systems across the value […] Read more
Around 20 Indian States Commit to Power Sector Reforms Updated On Wed, Jan 19th, 2022 by Saurenergy Almost 20 states expressed interest in benefitting from power sector reforms in 2020 on account of incentives by way of increased market borrowing space, Ministry of Power (MoP) recently said in an official statement. The Ministry of Finance launched a programme in June 2021 to allow additional borrowing space to state governments on the condition that […] Read more
ICRA Predicts 16 GW Capacity Addition For RE In FY23 Updated On Tue, Jan 11th, 2022 by Saurenergy The outlook for the capacity addition in the renewable energy (RE) sector remains strong with a large project pipeline of over 55 GW and the highly competitive tariffs offered by these projects. The commitment to climate change goals announced by the Prime Minister at the recent COP26 summit, including increasing the non-fossil power capacity to […] Read more
Discoms’ Outstanding Dues to Gencos Rise 4.4% to ₹1,21,030 cr in Jan Updated On Mon, Jan 10th, 2022 by Saurenergy Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing […] Read more
Cabinet Approves Intra-State Transmission System – Green Energy Corridor Phase-II Updated On Thu, Jan 6th, 2022 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, today approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS) for addition of approximately 10,750 circuit kilometres (ckm) of transmission lines and approx. 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations. The scheme will facilitate grid […] Read more
NHPC, GEDCOL to Set Up 500MW Floating Solar Projects in Odisha Updated On Thu, Jan 6th, 2022 by Saurenergy State-owned hydropower giant NHPC on Wednesday said it has signed a pact with Green Energy Development Corporation of Odisha Ltd (GEDCOL) to form a joint venture (JV) for setting up a 500-megawatt (MW) floating solar power projects in Odisha. “Promoters agreement has been signed on January 4, 2022, between NHPC Limited and Green Energy Development […] Read more
IEX December Updates- Drop in Green Market, REC Volumes Updated On Thu, Jan 6th, 2022 by Saurenergy The Indian Energy Exchange (IEX) has released its December trade figures. 9035 MU (Million Units) volume was cleared in December’21 (9477 MU in November) comprising 7285 MU in the conventional power market; 365 MU in the green power market and 1385 MU (13.85 lac Certificates) in the REC Market. Overall, the Exchange achieved 24% YoY […] Read more
CESL Distributes 50 Lakh LED Bulbs to Illuminate Indian Villages Updated On Wed, Dec 29th, 2021 by Saurenergy Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has distributed 50 lakh LED bulbs under Project Crore of their Gram Ujala programme, a press release said. The Gram Ujala scheme is being implemented in rural households in Bihar, Uttar Pradesh, Andhra Pradesh, Karnataka, and Telangana. Led by Union Power […] Read more
ITC Commissions First Offsite Solar Plant in Tamil Nadu Updated On Tue, Dec 28th, 2021 by Saurenergy Kolkata-based conglomerate ITC Limited has commissioned its first offsite solar plant in Dindigul, Tamil Nadu. The 14.9 MW solar plant, built at an investment of Rs 76 crores, will help reduce CO2 emissions over the course of its lifetime, said the Rs 45,485 crore revenue (FY21) company. The plant has already helped ITC meet 90% […] Read more
