CERC nod for hydropower contracts in GTAM for HPO Compliance Updated On Mon, Feb 28th, 2022 by Saurenergy In a recent ruling, the Central Electricity Regulatory Commission (CERC) has granted approval to the Indian Energy Exchange Limited (IEX) to introduce hydropower contracts in Green Term-Ahead Market (GTAM) on its platform to facilitate the compliance of Hydropower Purchase Obligation (HPO) by obligated entities. The Ministry of Power (MoP) has set a target of 30000 […] Read more
APTEL Clears Way For BSES Discoms to exit NTPC’s Dadri-I PPAs Updated On Wed, Feb 16th, 2022 by Saurenergy In a major relief to BSES Yamuna and BSES Rajdhani, the Appellate Tribunal for Electricity (APTEL) has upheld the appeal by the two DISCOMS and allowed them to withdraw from the power purchase agreements (PPA) and supplementary PPA with NTPC’s Dadri I plant. The key reason behind the order is that the power generating plant […] Read more
PFC, REC Make Further Reduction in Lending Rates Updated On Wed, Jan 19th, 2022 by Saurenergy State-owned non-banking financial companies Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 basic points (Bps), Ministry of Power (MoP) has said. Union Minister for Power and New & Renewable Energy Mr. R.K. Singh expressed satisfaction at the continued efforts by both the companies […] 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
Green Firm Renew Power Raises $400 M from Global Debt Investors Updated On Mon, Jan 10th, 2022 by Saurenergy ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries’ mop-up of USD 4 billion. The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of […] Read more
REC, German Dev Bank to Finance India’s Power Sector and RE Projects Updated On Thu, Dec 23rd, 2021 by Saurenergy REC Limited has entered into an agreement with KfW Development Bank for availing the Official development assistance (ODA) loan of USD 169.5 million under the Indo-German Bilateral Partnership in accordance with the approval granted by the Department of Economic Affairs, the Ministry of Finance, the Government of India, an official release said. The proceeds from […] Read more
J&K to Purchase 200 MW Solar Power from SECI for Next 25 Years Updated On Mon, Dec 20th, 2021 by Saurenergy The Jammu and Kashmir (J&K) Administrative Council, which met under the chairmanship of Lieutenant Governor Manoj Sinha on Friday, approved the purchase of 200 MW solar power through the Solar Energy Corporation of India (SECI) to meet growing power demand and promote the use of green and clean energy in Jammu and Kashmir, according to […] Read more
Siemens Gamesa, Strohm to Improve Decentralized Green H2 Concept Updated On Mon, Dec 13th, 2021 by Saurenergy Netherlands-based Strohm, a manufacturer of Thermoplastic Composite Pipe (TCP) Flowline products, has been chosen by Siemens Gamesa Renewable Energy, a major wind engineering company, for a partnership aimed at developing hydrogen transfer solutions. The collaboration seeks to improve the decentralized green hydrogen concept, whereby green hydrogen is generated in each wind turbine generator and transported to […] Read more
India Attains COP21 Goal: 40% Pwr Gen Capacity Now Non-Fossil Based Updated On Fri, Dec 3rd, 2021 by Saurenergy India has achieved the target of 40% of its installed electricity generation capacity being from non-fossil energy sources, an official statement said on Thursday. At the end of October this year, the Ministry of Power (MoP) reiterated India’s commitment to achieve more than 40 percent cumulative electric power installed capacity from non-fossil-fuel energy resources by […] Read more
