Rural Electrification Corporation Posts Q4 Profit Rise of 50% Updated On Sat, May 25th, 2019 by Saurenergy The REC’s total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago. State-owned Rural Electrification Corporation (REC) posted around 50 percent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income. The company’s standalone net […] Read more
NISE Offering Programme on Prospects For Startups in Solar Sector Updated On Thu, May 23rd, 2019 by Saurenergy The programme will be held from June 10, 2019, to June 14, 2019, at the NISE campus and seats will be allotted on a first come first serve basis. The National Institute of Solar Energy (NISE), an autonomous institute under the Ministry of New and Renewable Energy (MNRE), in line with the Startup India Initiative […] Read more
HPL Electric Reports Robust Numbers for Q4 of 2018-19 Updated On Wed, May 22nd, 2019 by Saurenergy Noida-based HPL Electric and Power Limited has reported a strong set of numbers for the quarter ending March 2019. The firm, which has a diversified portfolio in the electrical equipment sector, reported a 73% profit growth, on revenue growth of 12.1 %, for the full year. Thus, final revenues for the year came in at […] Read more
Over Rs 150 Crore Rooftop Solar Power Scam Surfaces in JAKEDA Updated On Mon, May 20th, 2019 by Saurenergy A multi-crore scam has surfaced in Jammu and Kashmir Energy Development Agency (JAKEDA). Solar Projects worth Rs 155 crore for supply, installation and commissioning of roof top solar power plants were allotted to 10 firms without any tenders while the 14 other firms which qualified in the tendering process got just Rs 42.35 crore contract, […] Read more
Fortum Plans to Foray into more Indian Cities with Higher per Capita Income Updated On Mon, May 20th, 2019 by Saurenergy The plan to venture in India will make India the first country outside Europe in this space, keeping in mind that, India aims to power most of its vehicles with electricity by 2030. We are constantly evaluating the Indian market for charging infrastructure. On our radar are the advanced cities with higher per capita incomes […] Read more
JSW Energy Bounces Back in Black in Q4; Drops EV Biz Plan; to Focus on Power Biz Updated On Fri, May 17th, 2019 by Saurenergy The power generation arm of JSW Group has reported its consolidated net profit after tax (PAT) at Rs 5.79 crore in the January-March quarter of FY 19, against a net loss of Rs 480.05 crore during the same period previous year, led by higher revenues. On the back of prevailing higher uncertainties in the electric […] Read more
China, US & France Top 3 Markets for RE, India Slips to 4th: Report Updated On Fri, May 17th, 2019 by Saurenergy China and US held the top 2 attractive markets’ status for Renewable energy according to EY index while India drops its third position. China and the US remained the most attractive markets for renewable energy in Ernst & Young’s 53rd edition of the Renewable Energy Country Attractiveness Index (RECAI). The next spot was held by France which ranked third […] Read more
PGCIL Proposes Evacuation System For Potential Solar, Wind Farms in the Western Zone Updated On Fri, May 17th, 2019 by Saurenergy The Powergrid Corporation of India (PGCIL) recently came up with a detailed proposal for developing a transmission system for the evacuation of power from potential solar and wind energy zones in the western region. The corporation agreed on the proposal during the first Western Region Standing Committee on Transmission (WRSCT) meeting. Subsequently, a petition was […] Read more
JERC Issues Draft RE Tariff Regulation For Goa and UTs Updated On Thu, May 16th, 2019 by Saurenergy All renewable energy power projects will be treated as “must run” and the procurement of power from such projects will not be subjected to ‘merit order dispatch’ principles. The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has issued draft regulations for determining tariffs from renewable sources including solar. JERC […] Read more
