Surprise! SECI’s ISTS Tender for 1200 MW Gets Bids at Rs 2.54/unit Updated On Thu, Jun 13th, 2019 by Saurenergy The tender for the ISTS (Inter-State Transmission System) tranche IV solar projects, that came out in February 2019, has concluded with surprisingly low rates for SECI. The projects are spread across India and come with the added assurance of SECI ensuring grid connectivity. The tariff ceiling for this tender was set at Rs 2.65/KwH. As […] Read more
Mahindra Launches Asset Care Company ‘TEQO’ for RE Industry Updated On Wed, Jun 12th, 2019 by Saurenergy This newly formed company will provide optimization solutions for renewable energy customers both in India and abroad. The word TEQO is derived from Technology, Quality and Operations. With an aim to accomplish its aspiration to deliver a comprehensive, technology-enabled, asset management solution, Mahindra Partners has launched a technology driven asset care company TEQO. This newly […] Read more
Vestas Secures its Largest Order in Ukraine For 164 MW Wind Project Updated On Wed, Jun 12th, 2019 by Saurenergy Denmark-based wind energy major, Vestas has secured its largest order to date in Ukraine. Long-term customer Vindkraft has placed the order with Vestas for the 164 MW wind project Myrnenska, located in the Kherson region in southern Ukraine. The contract includes supply, installation and commissioning of 39 V150-4.2 MW wind turbines, as well as a 20-year […] Read more
Azure Power Announces 29% Gain in Revenue For FY 2018-19 Updated On Wed, Jun 12th, 2019 by Saurenergy Total revenue for Azure Power during the year was Rs 992.6 crore, up by 29% from Rs 770 crore during last year. Azure Power, a leading independent solar power producer in India, has announced its consolidated results and revenue for the fiscal fourth quarter and year ended March 31, 2019. The company generated a revenue […] 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
R K Singh Seeks Removal of Priority Sector Lending Limit for RE Sector Updated On Tue, Jun 11th, 2019 by Saurenergy Indian Power and new renewable energy minister R K Singh yesterday pitched for removal of priority sector lending limit for green energy projects. In the meeting, it was decided that MNRE would follow up with RBI for removal of the priority sector lending limit for RE sector. This will encourage the Public Sector Banks to […] Read more
1 GW Tender from NTPC Under Phase-II of CPSU Program Out Updated On Tue, Jun 11th, 2019 by Saurenergy National Thermal Power Corporation Limited (NTPC) has finally released another tender for 1 GW of solar power under the CPSU program. This comes barely a week after the rfs request for 1 GW a week ago. The program was designed specifically to encourage domestic manufacturing, hence, all the supplies will need to be sourced domestically […] Read more
SNEC Shanghai 2019. India is falling ‘Behind’ Updated On Mon, Jun 10th, 2019 by Saurenergy At the SNEC Shanghai Show, held in shanghai from June 4-6, and among the largest expos for the solar industry in the world, after three days of meetings with visitors and exhibitors from China and other countries, for their view of the Indian market, we saw an almost uniform perspective on the Indian market this […] Read more
Political Risk Spikes In Andhra As Jagan Government Questions PPA’s Updated On Mon, Jun 10th, 2019 by Saurenergy The central government has been forced to move and publicly ‘advise’ the newly elected government in Andhra Pradesh, where the new Chief Minister, YS Jagan Mohan Reddy has voiced doubts on the PPA’s signed by his predecessor government of Chandrababu Naidu. The central missive follows the state government’s first moves, which included an order to […] Read more
