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RK Singh Unveils Real Time Market in Electricity; India Now in Few Global Markets

Power and New & Renewable Energy Minister RK Singh have launched the pan-India Real-Time Market (RTM) in electricity, placing India amongst a league of few electricity markets in the world having such system. RK Singh has launched the RTM through video conference in New Delhi, on Wednesday. On explaining the significance of the RTM, RK […]

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Renewables Increasingly Cheaper Than new Fossil Fuels Based Capacity: IRENA

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by IRENA finds. Renewables are increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) finds. The report, ‘Renewable Power Generation Costs in 2019’, shows that more than half […]

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Tata Power Takes Over CESU, Begins Power Distribution Work in Odisha

Tata Power has taken over the management of CESU, after receiving LOI from OERC for the distribution and retail supply of electricity in 5 circles of Odisha Tata Power, India’s largest integrated power utility, has announced that it has taken over the management of the Central Electricity Supply Utility of Odisha (CESU), after receiving the […]

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Punjab CM Amarinder Singh Welcomes PSERC Move to Trim Power Tariff

Punjab Chief Minister Amarinder Singh has hailed the decision taken by the nodal agency Punjab State Electricity Regulatory Commission (PSERC) to slash domestic tariff despite a drop in revenue on the back of coronavirus lockdown. The Minister also hoped that the rates could be further rationalised in the interest of the people. Further, Punjab CM […]

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Ravinder Singh Dhillon Assumes Charge as Chairman & MD, PFC

State-run Power Finance Corporation (PFC) on Monday announced the appointment of Ravinder Singh Dhillon as Chairman and Managing Director (CMD) on the board of PFC effective from June 1, 2020. R.S. Dhillon has been appointed following the superannuation of Rajiv Sharma as Chairman and Managing Director on the PFC’s Board with effect from May 31, […]

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Ajoy Choudhury Appointed as REC’s New Director Finance

State-owned power sector lender REC Ltd said that Ajoy Choudhury has been appointed as Director (Finance) on the company’s Board effective from today i.e. June 1, 2020. Prior to this, Choudhury was handling the post of Executive Director (Finance) REC Ltd. The state-owned lender notified through a regulatory filing that “Ajoy Choudhury… has been appointed as Director […]

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PXIL Kicks Off Real Time Market Trade for Power Transaction in India

NSE and NCDEX promoted Power Exchange India Ltd (PXIL) has kick-started its first Real Time Market (RTM) trade in India for delivery of electricity effective from today i.e. June 01, 2020. The first trade was conducted by clients of Kreate Energy Pvt Ltd and PTC India Ltd on the PXIL’s platform, and the initial auction […]

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IEX Follows PXIL in Launching RTM for Electricity Transactions

IEX has today (June 1, 2020) launched the real-time electricity market (RTM) on its platform, to help utilities buy and sell power just an hour before the requirement. Energy trading platform Indian Energy Exchange (IEX) has today launched the real-time electricity market (RTM) on its platform, a move that will help utilities buy and sell power just an hour before the […]

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