CERC Directs SECI to Compensate TPREL Irrespective of Dues from DISCOMS Updated On Tue, Jan 10th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) has given a nod to Tata Power Renewable Energy Limited’s ( TPREL) claim for compensation caused by change in law events due to enactment of GST Laws. TPREL had entered into a PPA with SECI and claimed compensation of Rs. 48,88,44,968 along with the carrying cost towards compensation for […] Read more
Noway’s Norfund, KLP Partner with ReNew Power to Invest in India’s Transmission Sector Updated On Tue, Jan 10th, 2023 by Saurenergy Norfund and KLP have announced that they will invest around Rs 900 million in partnership with ReNew Power for 49% ownership stake in ReNew’s transmission project in the Koppal district of Karnataka state in India, with ambitions for further joint investments. ReNew Power is one of the largest renewable energy independent power producers (IPPs) in […] Read more
Hyderabad’s Greenko to Set Up Pumped Storage Project of 11 GWh in Madhya Pradesh Updated On Tue, Jan 10th, 2023 by Saurenergy Hyderabad-based clean energy firm Greenko Group is set to invest Rs 10,000 crores in a Pumped Storage Project (PSP). The storage project is to be established near Gandhi Sagar in the Neemuch district of Madhya Pradesh. At present, the firm delves into both wind and solar of capacity of more than 500 MW. These are […] Read more
German Institution DEG Funds Solar Micro-Grids Development in Nigeria Updated On Tue, Jan 10th, 2023 by Saurenergy Investment is picking up in Africa and the developed world seems to be making efforts to ensure that the continent is not bereft of access to green energy. The ace development finance institution of Germany, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), is now funding the USA-based Husk Power Systems with $750,000 to build eight community solar […] Read more
US Continues to be Most Attractive Market for RE Investment as China Follows; India Claims 7th Spot Updated On Tue, Jan 10th, 2023 by Saurenergy EY has released a report that provides an insight into the world’s 40 most attractive markets for renewable energy investment. The US has retained the top spot for years on EY’s list and in the latest edition too, the United States continues to be the most lucrative market for renewable energy investments. The Inflation Reduction […] Read more
CERC Approves Tariff For SECI’s 1200 MW RTC Power Project Updated On Tue, Jan 10th, 2023 by Saurenergy SECI’s landmark RTC tender for green energy has received formal CERC approval for tariff adoption and trading margins. SECI had issued a tender in 2019 for “Round-the-Clock” supply of 400 MW ISTS-connected Renewal Energy project with assured peak power supply in India under tariff based competitive bidding. SECI recently filed a petition with CERC for […] Read more
Tunisia Comes Up With Solar Power Tenders Of 1 GW Updated On Tue, Jan 10th, 2023 by Saurenergy Tunisia is catching up on its renewable energy targets to decarbonise its economy and add to the global efforts for tackling the challenge of climate change. In a fresh development, Tunisia’s Ministry of Energy, Mines and Renewable Energies has launched two new tenders for the development of solar PV projects of cumulative capacity of 1 […] Read more
Recruitment of TEs/TOs Updated On Mon, Jan 9th, 2023 by Saurenergy NHPC Limited, a premier Schedule — A, ‘Mini Ratna’ Company with 70.95% owned by Government of India is the biggest hydropower company in India and a leader in design, construction and operation of hydropower plants. NHPC has so far commissioned 22 Hydro Projects, 01 Wind Power Project & 01 Solar Power Project with an installed […] Read more
Iran Looks to Get International Solar Alliance Membership Updated On Mon, Jan 9th, 2023 by Saurenergy Iran has recently sent a Bill to the Parliament, looking to get onboarded as a member to the International Solar Alliance. As per the country’s Sixth Development Plan, it should have augmented its share of renewable power in electricity generation by at least 5 per cent. Currently, the share of renewables in Iran’s electricity generation […] Read more
