Modi’s Enhanced Renewable Targets A Credit To Minister R.K. Singh Updated On Fri, Nov 5th, 2021 by Saurenergy When Prime Minister Narendra Modi committed 500 GW of fresh renewable capacity for India by 2030 at COP26, it was not just a commitment for India contributing its mite to the climate change effort. It was also an acknowledgement of the progress the country has made in reaching its 100 GW renewables milestone, and the […] Read more
SJVN To Build 100 MW Solar Project in Punjab With PPA From PSPCL Updated On Fri, Nov 5th, 2021 by Saurenergy SJVN, the jointly owned power firm of the Government of Himachal Pradesh and Govt Of India has won a 100 MW grid connected solar project from Punjab State Power Corporation Limited (PSPCL). The power purchase agreement shall be signed between PSPCL and SJVN for 25 years. SJVN currently has installed capacity of 2016.5 MW which […] Read more
CERC Refuses to Intervene in SB Energy’s PPA/PSA with NTPC & PSPCL Updated On Wed, Nov 3rd, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) turned down SB Energy’s plea to direct NTPC Ltd. and Punjab State Power Corporation Limited (PSPCL) to neither terminate the PPA and PSA signed between the parties nor undertake any coercive action, such as invocation of the performance bank guarantee, and to extend timelines for Condition […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
Power Exchange Launches ESCerts Trading from Today Updated On Tue, Oct 26th, 2021 by Saurenergy The Power Exchange India (PXIL) on Monday said trading of ESCerts under the Perform, Achieve and Trade (PAT) scheme – cycle II will commence from today, i.e. October 26. The company had conducted a mock trading session on October 8, 2021, which received encouraging reception, PXIL said in a statement. ‘ESCerts’ are the Energy Savings […] Read more
MoP Notifies Rules for Timely Recovery of Costs due to ‘Change in Law’ Updated On Mon, Oct 25th, 2021 by Saurenergy The Ministry of Power (MoP) has notified a new rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards climate change, states a press release. MoP said that investors and other stakeholders in the power sector were concerned about the timely recovery of the cost due […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
At 2256MW, Gujarat adds Most Solar, Wind Capacity b/w July’20 & June’21 Updated On Thu, Oct 14th, 2021 by Saurenergy India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, according to a report released yesterday by Bridge to India, a renewable energy consultancy and knowledge services provider. Gujarat added 2,256 MW capacity, the highest capacity during the said period, followed by Rajasthan and Uttar Pradesh […] Read more
Power Trading Gets a Fillip With SC Judgement On CERC, SEBI Jurisdiction On Electricity Contracts Updated On Thu, Oct 7th, 2021 by Saurenergy A key power sector reform which was held up due to the jurisdiction issues between SEBI and CERC has finally been resolved. On 06.10.2021, the long pending matter between SEBI and CERC regarding regulatory jurisdiction of Electricity Derivatives has finally got resolved with the Hon’ble Supreme Court favorably disposing of the matter in terms of […] Read more
