Adani Green to Take Over 50 MW Solar Asset from SkyPower Global Updated On Sat, Mar 20th, 2021 by Saurenergy One of India’s leading renewable companies, Adani Green Energy Limited (AGEL) has announced that it has signed a share purchase agreement for the acquisition of a 100 percent stake in a special purpose vehicle (SPV) holding 50 MW operating solar project of SkyPower Global, developers and owners of utility-scale solar energy projects, with more than […] Read more
Ayala Backed Sitara Solar Achieves Financial Closure for 100 MW Rajasthan Project Updated On Mon, Mar 15th, 2021 by Saurenergy Sitara Solar, backed by the Philippines based Ayala Solar subsidiary AC Energy and UPC Renewables China Holding, has announced financial closure for its 100 MW project in Rajasthan. The firm had won the project in SECI’s 750 MW solar auction just over a year back, by bidding at a price of Rs 2.48/KwH. The project […] Read more
SECI Extends Bid Deadline for 25 MW BCCL Solar Plant in West Bengal Updated On Wed, Mar 10th, 2021 by Saurenergy SECI has extended the bid submission deadline for its tender for 25 MW solar power plant at the Bhojudh Coal Washery of BCCL in West Bengal The Solar Energy Corporation of India (SECI) has notified that the bid submission deadline for its tender for setting up of 25 MW solar PV power plant at the […] Read more
Credit Quality Of Large Indian Renewable Players Intact, Says Moody’s Updated On Wed, Mar 10th, 2021 by Saurenergy Moody’s Investor Service, the global credit ratings firm, has been reported to have declared that the credit quality of Indian renewable energy firms remains intact, post the end of the 2019 and 2019 financial years. Or till the period ending March 2020. The firm’s report has included 5 of the largest rated renewable firms in […] Read more
State-Owned and Private Discoms on two Ends of the Spectrum: ICRA Updated On Tue, Mar 9th, 2021 by Saurenergy The credit profile of the state-owned Discoms continues to remain stressed, while that of several privately-owned Discoms remains healthy The credit profile of the state-owned distribution utilities (Discoms) continues to remain stressed due to higher level of technical & commercial (AT&C) losses compared to regulatory norms, inadequate tariffs in relation to their cost of supply […] Read more
IndiGrid to Acquire North Eastern Transmission Project ‘NER-II’ From Sterlite Updated On Mon, Mar 8th, 2021 by Saurenergy IndiGrid has signed documents for the acquisition of a 100 percent equity stake in NER II Transmission from Sterlite Grid for Rs 4,625 crore. IndiGrid has announced that it has signed binding documents for the acquisition of a 100 percent equity stake in NER II Transmission from Sterlite Grid for no more than Rs 4,625 crore. The sale of […] Read more
BHEL Issues O&M Tender for 10 MW Solar Project in West Bengal Updated On Fri, Mar 5th, 2021 by Saurenergy BHEL has issued an O&M works tender for a 10 MW solar project in West Bengal at Santaldih. An Indian government undertaking, Bharat Heavy Electronics Limited (BHEL), has issued an operation and maintenance (O&M) works tender for West Bengal State Electricity Distribution Company’s 10 MW solar project at Santaldih. Interested Bidders including, micro, small, and […] Read more
Union Cabinet Approves MoU Between India and France on Renewable Energy Updated On Thu, Mar 4th, 2021 by Saurenergy The Union Cabinet was apprised and approved of the signing of MoU between India and France in the field of renewable energy cooperation. The Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised of the signing of the Memorandum of Understanding (MoU) between India and France in the field of renewable energy cooperation. […] Read more
Discoms’ Dues at Rs 1.36 Lakh Crore in December, Down From Nov Updated On Mon, Mar 1st, 2021 by Saurenergy Discoms total dues owed to Gencos rose by nearly 24% YoY to reach Rs 1.36 lakh crore in December 2020, however, the amount reduced from November. Power Distribution Companies (Discoms) total dues owed to power producers i.e. generation companies (Gencos) rose by nearly 24 percent year-on-year (YoY) to reach Rs 136966 crore (Rs 1.36 lakh […] Read more
