Power Trading in Power Exchanges Exempted From new TDS and TCS Updated On Mon, Oct 5th, 2020 by Saurenergy The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions through online exchanges like Power Exchange India Ltd (PXIL) from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on an E-Commerce platform, of Income-tax Act, 1961. The Finance […] Read more
EDEN Renewables India Adds 1.35 GW of new Solar Plants to its Portfolio Updated On Thu, Oct 1st, 2020 by Saurenergy EDEN Renewables India, the equally owned JV of Total and EDF RE has been awarded three solar projects for a total of 1.35 GW in Rajasthan, India. EDF Renewables and Total Eren, two world leaders in renewable energy, have announced that EDEN Renewables India, their equally owned joint venture dedicated to the Indian solar PV […] Read more
NHDC Tenders for Price Discovery of EPC Contract for 1500 MW Solar Projects Updated On Wed, Sep 30th, 2020 by Saurenergy NHDC has issued a limited tender for the price discovery of EPC Contract for BOS for the development of solar power projects of NHDC in RUMSL, MP. NHDC Ltd, a Joint Venture of NHPC Ltd and the Government of Madhya Pradesh, has issued a limited tender for the price discovery of EPC Contract for Balance […] Read more
MNRE Issues Amendments for its Dispute Resolution Mechanism Updated On Mon, Sep 28th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued amendments to the guideline for the operation of its Dispute Resolution Mechanism to consider the unforeseen disputes between solar and wind power developers and SECl/ NTPC/ NHPC, beyond their contractual agreements. A few key amendments made by the ministry: 1. The DRC will consider all […] Read more
RK Singh Approves LoUs by IREDA, PFC, REC to be Accepted for EMDs Updated On Mon, Sep 7th, 2020 by Saurenergy RK Singh has approved a proposal for acceptance of LoU issued by IREDA, PFC & REC for EMD in tenders for developing renewable energy projects in the country RK Singh, the Minister for New & Renewable Energy and Power has approved a proposal for acceptance of Letter of Undertaking (LoU) issued by IREDA, PFC & […] Read more
Remote Nubra, Zanskar Valleys in Ladakh to Get Connected to National Grid Updated On Thu, Aug 27th, 2020 by Saurenergy The government has started work on a Rs 1,200 crore project to connect the Nubra valley and Zanskar valley in Ladakh to the national power grid. As part of efforts to boost infrastructure in the Ladakh region, the government has started work on a Rs 1,200 crore project to connect the northern most tip of the country – the […] Read more
SECI Amends Bid Deadline for 5 MW Solar Plant at Tuticorin Port Updated On Tue, Aug 18th, 2020 by Saurenergy SECI has extended the bid submission deadline for its tender for the 5 MW solar PV plant at the V. O. Chidambaranar Port Trust in Tuticorin The Solar Energy Corporation of India (SECI) has announced that it has extended the bid submission deadline for its tender for the commissioning of a 5 MW grid-connected solar […] Read more
Tata Power Reports Q1 FY2021 Results, to Merge Solar EPC Business Updated On Thu, Aug 13th, 2020 by Saurenergy Tata Power reports Q1 FY 2020-21 results, reporting a 10% increase in consolidated PAT at Rs 268 crore, and that it plans to merge its solar EPC business. Tata Power, one of India’s largest privately-owned power producers has announced its first quarter (Q1) FY 2020-21 results. The firm has reported that for the quarter, consolidated […] Read more
NHDC Tenders for 25 MW Floating Solar Park in Madhya Pradesh Updated On Tue, Aug 11th, 2020 by Saurenergy NHDC has issued a tender, for eligible firms to take up the EPC work for 25 MW floating solar power park at the Omkareshwar reservoir in Madhya Pradesh NHDC Limited, a JV company of NHPC Ltd and the Government of Madhya Pradesh, has issued a tender, inviting bids from eligible firms for taking up the […] Read more
