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
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
Ministry of Power to set up Rs 2000 Cr JV to Ease Smart Meter Rollouts Updated On Wed, Sep 16th, 2020 by Saurenergy Ministry of Power has begun the process to set up a Rs 2,000 crore JV for providing a CBIF to power Discoms for faster roll-out of smart meters in the country The Ministry of Power has begun the process to set up a Rs 2,000 crore joint venture (JV) for providing a common backend infrastructure […] Read more
SECI Fails To Wriggle Out of MERC Jurisdiction. Faces MSEDCL Claims for Damages Updated On Tue, Sep 15th, 2020 by Saurenergy In an order with possibly far reaching consequences for SECI (Solar Energy Corporation of India), the Maharashtra Electricity Regulator (MERC) has opted to place the central government undertaking on the dock, for a claim brought in by MSEDCL (Maharastra state Electricity Distribution Company Limited). MSEDCL’s main complaint against SECI, which it opted to bring before […] Read more
SECI Tenders for 100 MW Solar Plus 50 MW Storage in Chhattisgarh Updated On Mon, Sep 14th, 2020 by Saurenergy SECI has issued a tender for the commissions of a 100 MW (ac) solar project along with a 50MW/ 150 MWh storage in Rajnandgaon, Chhattisgarh. The Solar Energy Corporation of India (SECI) has issued a tender for the commissioning of a 100 MW (ac) solar project (200 MWdc) along with a 50MW/ 150 MWh Battery […] Read more
Indian Oil Tenders for 2.75 MW Solar Plant in Trichy Updated On Fri, Sep 11th, 2020 by Saurenergy Indian Oil has issued a tender for setting up of 2.75 MW ground-mounted solar power project at the firms’ LPG bottling plant in Trichy, Tamil Nadu. The Indian Oil Corporation (IOCL) has issued a tender, inviting bids from eligible bidders for setting up of 2.75 MW ground-mounted solar power project at the firms’ LPG bottling […] Read more
Access To Capital Markets Becoming a Glaring Gap For Indian Solar Firms Updated On Fri, Sep 11th, 2020 by Saurenergy This week, Suzhou, China-based GoodWe inverters celebrated its listing on the Shanghai stock market, coincidentally on its 10th anniversary. For the well-known inverter firm, the pubic listing is an obvious matter of pride, besides the huge new opportunities it opens up for it. “The IPO marks the beginning of a new chapter,” said Daniel Huang, […] Read more
Proposal for 41.5 GW Hybrid Renewable Park in Kutch Approved Updated On Thu, Sep 10th, 2020 by Saurenergy The Gujarat cabinet has cleared the proposal for the 41.5 GW renewable park in Kutch district by approving the allotment of 60,000 hectares of land for the mega project. The Gujarat cabinet on September 9, 2020, has cleared the long-pending proposal of the 41,500 MW or 41.5 GW renewable energy (solar and wind) park in […] Read more
Sungrow Supplies to Southeast Asia’s Largest Solar Installation in Vietnam Updated On Tue, Sep 8th, 2020 by Saurenergy Sungrow, a leading global inverter solution supplier for renewables, has announced that the Company has supplied its latest 1500V 6.25 MW medium-voltage turnkey solution to 350 MW solar PV project in Luning County, Pingfu Province of Vietnam. Upon completion, which is expected to be before December 31, 2020, the project will be the largest solar […] Read more
