Tamil Nadu becomes 21st State to join UDAY Updated On Tue, Jan 10th, 2017 by Saurenergy State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY The Government has signed a MoU with Tamil Nadu and the State DISCOM TANGEDCO under the UDAY for operational and financial turnaround of the DISCOM. Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal presided […] Read more
MNRE to offer financial incentives to DISCOMs to Support Rooftop Solar Power Updated On Mon, Jan 9th, 2017 by Saurenergy Ministry of New and Renewable Energy will provide financial incentives to DISCOMs for Rooftop Solar Power In a new policy move, the Ministry of New and Renewable Energy (MNRE) has announced financial incentives for DISCOMs to support rooftop solar power installations. The notification proposes a financial support of up to INR 3.75m (USD 55,000)/MW for […] Read more
Solar market in India to grow by 90% in 2017: Bridge to India Updated On Tue, Jan 3rd, 2017 by Saurenergy 2017 will be a bumper year for the sector in India with total installed capacity reaching around 18 GW by the end of the year Indian solar market to witness stellar growth in 2017 with total installed capacity reaching around 18 GW by the end of the year claims Bridge to India. According to the […] Read more
FIPB Gives Nod To Six Proposals Worth Rs 1,200 Crore Updated On Sat, Dec 31st, 2016 by Saurenergy Foreign Investment Promotion Board rejected three investment proposals including that of AMP Solar Inter-ministerial body Foreign Investment Promotion Board (FIPB) has cleared six investment proposals slated to bring in foreign investment of Rs 1,200 crore. The Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Shaktikanta Das received 17 proposals. Six investment proposals that […] Read more
Year-End Review – Ministry of Power Updated On Mon, Dec 26th, 2016 by Saurenergy In view of the growing need of the Indian Economy, Government of India has embarked upon a massive programme to provide 24×7 power across the country by 2019. After the completion of half of its term, the Government has achieved many important milestones in the Power sector. Special focus has also been given to North East by giving […] Read more
Rajasthan Government Exempts Electricity Duty for Rooftop Solar Updated On Mon, Dec 26th, 2016 by Saurenergy To further encourage the investments in renewable energy projects, the state government of Rajasthan has exempted electricity duty of 40 paise/unit for rooftop solar and captive units. The decision will help the state to reach closer to 2300 MW rooftop solar capacity by 2022, a target given to it by the Centre. The duty cut […] Read more
Rooftop solar units from third party costs 40 percent cheaper than DISCOMs Updated On Thu, Dec 22nd, 2016 by Saurenergy Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […] Read more
India to invest $1.8 Billion on Lines to Transmit Solar Power Updated On Thu, Dec 22nd, 2016 by Saurenergy India will invest Rs 127 billion on lines to transmit power from solar parks to enable Prime Minister Narendra Modi’s goal of boosting clean energy capacity to 175 gigawatts by 2022. The dedicated transmission lines, part of the so-called green corridor project was announced at an event ‘Empowering the Grid to meet Future Challenges’ organized […] Read more
NDB signs first loan agreement for financing Shanghai Lingang distributed solar power project Updated On Thu, Dec 22nd, 2016 by Saurenergy The People’s Republic of China and the New Development Bank signed a Loan Agreement approving the provision of RMB (CNY) 525 million (INR 512 million/ USD 75 million) sovereign project loan for the Bank’s first project in China – Shanghai Lingang Distributed Solar Power Project. The Loan Agreement was signed by Mr. Shi Yaobin, Vice […] Read more
