Discoms to get Loans at low Rates to pay Back Gencos: RK Singh Updated On Fri, May 15th, 2020 by Saurenergy Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […] Read more
Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
BSNL Tenders for Supply of GPON, EMS, Solar Power Equipment with VRLA Batteries Updated On Thu, May 14th, 2020 by Saurenergy State-owned telecom major Bharat Sanchar Nigam Ltd (BSNL) has floated tender inviting eligible bidders for supply, installation, integration, commissioning and maintenance of GPON equipment, EMS and solar power equipment with VRLA batteries. As per the tender details, the successful bidder will have to connect 588 OLT sites to 7360 ONTs at gram panchayats. However, BSNL […] Read more
Renewable Energy Industry Reacts to Rs 90k Cr Stimulus for Discoms Updated On Thu, May 14th, 2020 by Saurenergy The recently announced infusion of liquidity worth Rs 90,000 crore to Discoms against their receivables has been well received by the industry. After PM Narendra Modi had announced a new Rs 20 trillion stimulus package in his recent messages to the public, Finance Minister Nirmala Sitharaman came to the rescue of the power sector in […] Read more
Big Bang? 90K Crores Credit Line For Discoms in Stimulus Package Updated On Wed, May 13th, 2020 by Saurenergy After the Prime Minister announced his Rs 20 trillion stimulus package yesterday, in the morning today, we had written about how lack of any strong, concrete measures to solve the discom mess in India would be a very disappointing outcome for the power sector. The good news is, the sector has been saved disappointment in […] Read more
TransAlta Renewables Net Earnings Slip in Q1 Updated On Tue, May 12th, 2020 by Saurenergy Canada-based independent power producer (IPP) TransAlta Renewables has reported a sharp decline of CAD 73 million in its net earnings attributable to common shareholders to merely CAD 3 million, during the first quarter of 2020. The company’s net earnings attributable to common shareholders stood at CAD 76 million in the same period last year. Further, […] Read more
Smart Prepaid Meters Enable Discoms Generate 95% Billing Efficiency amid Lockdown Updated On Tue, May 12th, 2020 by Saurenergy Despite lockdown imposed across the country due to coronavirus crisis, the use of smart prepaid meters is helping power distribution companies (Discoms) in generating around 95 percent of billing efficiency, along with an average 15-20 percent increase in monthly revenue per consumer. This is significant as most of the Discoms amidst lockdown in the country […] Read more
SECI Extends Bid Deadline for 3 Solar Projects at SCCL Again Updated On Tue, May 12th, 2020 by Saurenergy SECI has issued a notification, extending the bid submission deadline for three of its SCCL solar project tenders for a second time during the lockdown. The Solar Energy Corporation of India (SECI) has issued a notification, extending the bid submission deadline for three solar PV project tenders to be built at SCCL Telangana for a […] Read more
SECI to Organize Stakeholders Consultation Meet for 100MW Solar + BESS Project in Chhattisgarh Updated On Mon, May 11th, 2020 by Saurenergy Nodal agency the Solar Energy Corporation of India (SECI) will be organizing an online stakeholder’s consultation meeting in the state of Chhattisgarh for solar plus battery energy storage system (BESS). The meeting will be with respect to SECI’s upcoming project for the designing, engineering, supplying, construction, erection, testing and commissioning of 100 MW (AC) solar […] Read more
