SJVN Seeking Debt Financing of Rs 1000 Cr for Upcoming Solar Projects Updated On Thu, Aug 20th, 2020 by Saurenergy SJVN has issued an EoI inviting financing institutions to submit proposals for providing debt financing loans for its upcoming renewable projects (solar). SJVN Ltd – a mini Ratna CPSU under the Ministry of Power – has issued an Expression of Interest (EoI) inviting eligible financing institutions to submit proposals for providing debt financing loans to […] Read more
MERC Rules Against MSEDCL in Three Cases Updated On Wed, Aug 19th, 2020 by Saurenergy All Cases Pertain to Non-Payment of Dues to Wind Energy Generators The Maharashtra Electricity Regulatory Commission (MERC) in three separate cases has ruled against the Maharashtra State Electricity Distribution Company Limited (MSEDCL). All the cases pertain to non-payment of dues by MSEDCL to wind energy project owners. Riddhi Siddhi Gluco Biols Ltd. (RSGBL) had approached […] Read more
IEX Launches GTAM Updated On Wed, Aug 19th, 2020 by Saurenergy CERC has Accorded Approval The Indian Energy Exchange (IEX) launched the Green Term-Ahead Market (GTAM) on its power trading platform after receiving approval from the Central Electricity Regulatory Commission (CERC). CERC accorded its approval through an order dated August 17, 2020. The IEX had filed a petition with the CERC regarding the same in 2018; […] Read more
MERC Approves Tariff of Rs.2.59/kWh for a Hybrid Project Updated On Tue, Aug 18th, 2020 by Saurenergy TPC-D had approached the commission seeking tariff approval The Maharashtra Electricity Regulatory Commission (MERC) at the behest of Tata Power Company Limited (Distribution) (TPC-D) has approved the tariff of Rs.2.59/kWh for evacuation of power from a wind+solar hybrid renewable energy project of capacity 225 MW. The project will be set up in parts in Rajasthan […] Read more
IHCL Signs Solar PPA With Tata Power Subsidiary to Power its Mumbai Hotels Updated On Tue, Aug 18th, 2020 by Saurenergy IHCL has joined hands with Tata Power for the supply of solar energy for its Mumbai hotels to focus on sustainable and cost-efficient business practices. Hospitality major Indian Hotels Company Ltd (IHCL) has announced that it has joined hands with Tata Power for the supply of solar energy for its Mumbai hotels as part of […] Read more
Siemens Gamesa Selected for Adani’s 473 MW Wind Project in Rajasthan Updated On Tue, Aug 18th, 2020 by Saurenergy Siemens Gamesa has received a firm order from Adani Green Energy for one of the largest wind power projects in India. A 473 MW project in Rajasthan. Siemens Gamesa Renewable Energy, one of the world’s leading wind turbine manufacturers and solutions provider has announced that it has received a firm order from Adani Green Energy […] Read more
Sterlite Power Drops 14.7% Stake in IndiGrid for Rs 840 Crore Updated On Mon, Aug 17th, 2020 by Saurenergy Sterlite Power has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and HNI investors. Sterlite Power, a leading global power transmission player, has announced that it has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore (unit price of Rs 98) to […] Read more
Azure Power Reports Q1 Financial Results, Revenue of Rs 394 Crore Updated On Fri, Aug 14th, 2020 by Saurenergy Azure Power has announced its consolidated results for Q1 2021, reporting revenue of Rs 394 crore for the quarter, an increase of 16 percent YoY. Azure Power Global Limited, a leading independent solar power producer in India, has announced its consolidated results under the United States Generally Accepted Accounting Principles (GAAP) for the fiscal first […] Read more
PFC Records Growth in Both Topline and Bottomline in COVID Affected Q1 Updated On Fri, Aug 14th, 2020 by Saurenergy PFC has reported strong financial results for COVID affected Q1, recording growth both in its topline and bottomline for the quarter. Amid rising strain in the power sector with faltering demand and increasing indebtedness, state-owned power sector financing institution, Power Finance Corporation (PFC) has reported a strong outcome in its financial results for COVID affected April-June quarter […] Read more
