RK Singh Assures Support for Power, RE Sector Development in Raj Updated On Sat, Jun 22nd, 2019 by Saurenergy During the meeting, RK Singh asked Rajasthan Energy Minister, Kalla, to further improve the power sector in the state. The Union Power Minister Raj Kumar Singh, in continuation of his second term in the Modi government, met with the Energy Minister of Rajasthan, BD Kalla, in New Delhi and assured him of all possible support […] Read more
FMO Grants Rs 208 Cr to Srei Equipment For Refinancing Green Projects Updated On Fri, Jun 21st, 2019 by Saurenergy Srei Equipment has received credit approval for Rs 208 crore from FMO. The industry leader in construction and mining equipment financing, Srei Equipment Finance Limited, a wholly-owned subsidiary of Srei Infrastructure Finance Limited has received credit approval for USD 30 million (Rs 208 crore) from FMO, a Netherlands based Development Finance Bank. According to Srei, […] Read more
Helping Achieve Grid Stability A Big Opportunity for Wärtsilä India – Neeraj Sharma Updated On Thu, Jun 20th, 2019 by Saurenergy With a total delivery of over 250 power plants and 3500MW of generation capacity, Wartsila India has had a ringside view of the evolving power scenario in India. The Finnish multinational is now making a strong case for its gas based plants, to balance out demand surges, as renewable energy plays a bigger role. Not […] Read more
Inability to Forecast is not the Disability of Regulation Updated On Wed, Jun 19th, 2019 by Saurenergy With openly accessible documents/regulations/ on Deviation Settlement Mechanism (DSM), due to forecasting and scheduling (F&S) of wind and solar power generation at different SLDCs like Punjab, Haryana, U.P., A.P., Telangana, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat (Mock-trial), it is surely that the forecasting of the variable generation is under litmus-test. The F&S of solar […] Read more
Norway Passes Law, Sovereign Fund To Become More Greener Updated On Fri, Jun 14th, 2019 by Saurenergy Norway’s Government Pension Fund Global has obtained a go-ahead to divest as much as $13bn of investments from fossils fuels after its parliament voted to pass the law The world’s largest sovereign wealth fund which handles over $ 1trillion worth of Norway’s investments has been given a green light for the largest fossil fuel divestment […] Read more
Adani Green Energy Raises Rs 402 crore Through Offer For Sale Updated On Fri, Jun 14th, 2019 by Saurenergy Adani Green Energy has offloaded roughly 6% stake and raises Rs 402 cr capital through OFS Adani Green Energy on Friday said that it has raised around Rs 402 crore through sale of 9.35 crore shares by promoters for maintaining minimum public shareholding norms. Under the norms, at least 25 percent of the equity should […] Read more
In New Innings, MNRE Minister Alive To Payments Issue For RE Producers Updated On Wed, Jun 12th, 2019 by Saurenergy The statement by the Power and New and renewable energy minister R K Singh that the government is building a payment security mechanism to protect developers from delays on generation payments is to be welcomed, as it shows a rightful recognition of a key issue plaguing the sector. A pricing squeeze of the sort the […] Read more
Greenko Raises $495 Mn in Funding For 2.4 GW of Storage Projects Updated On Fri, Jun 7th, 2019 by Saurenergy Greenko Energy has announced the signing of definitive agreements for a primary equity raising of $495 mn from an affiliate of GIC and ADIA. Greenko Energy Holdings, one of India’s leading renewable energy companies, has announced the signing of definitive agreements for a primary equity raising of $495 million (mn) from an affiliate of GIC […] Read more
NTPC Granted Electricity Trading License by CERC Updated On Fri, May 31st, 2019 by Saurenergy CERC has granted NTPC Ltd. with an Electricity Trading License to expedite solar and wind projects in the country. The Central Electricity Regulatory Commission (CERC) has approved the application filed by NTPC ltd. to grant the PSU with an electricity trading license in the country. The central commission has proposed granting the power utility with […] Read more
