ACWA Power Gets $123 Million Loan For 200MW Egyptian Solar Project Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s renewables developer ACWA Power has secured a financial package of $123 million to develop 200MW Kom Ombo utility-scale solar power plant in Egypt. Financing institutions for the solar project of ACWA Power include EBRD, OPEC Fund OPEC Fund, African Development Bank (AfDB), Sustainable Energy Fund for Africa (SEFA), GCF, APICORP and Arab Bank. […] Read more
MNRE Designates SJVN Limited As Intermediary Procurer, RE Implementing Agency Updated On Tue, Apr 25th, 2023 by Saurenergy In an order released today, the Ministry of New and Renewable Energy (MNRE) designated Satluj Jal Vidyut Nigam (SJVN) Limited as an intermediary procurer/renewable energy implementing agency. The move comes after the government enterprise requested the ministry for such an order. The ministry order said that such recognition was given to the Maharatna central enterprise […] Read more
HERC Approves Green Energy Open Access Rules, Ensures Not Levying Reliability Charges Updated On Tue, Apr 25th, 2023 by Saurenergy The Haryana Electricity Regulatory Commission (HERC), in its latest order, approved changes to the draft Green Energy Open Access Rules. This comes after hearing pleas from the electricity generators, power distribution companies, and other stakeholders. The Ministry of Power, earlier on June 6, 2022, came up with its Electricity (Promoting Renewable Energy Through Green Energy […] Read more
Amid Surge In Peak Demand, CERC Orders Extension Of RPAS Regulations To State Gencos Updated On Mon, Apr 24th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest suo-motu petition, ordered an extension of the provisions of the Reserve Regulation Ancillary Services (RPAS) to ‘willing’ state-level power generators. The CERC notified these Regulations on August 13, 2015, intending to ensure restoration of the grid frequency at desired levels. Under these regulations, the participating generating companies either […] Read more
RECPDCL Grants ISTS Transmission SPV ‘KPS1’ To Megha Engineering Updated On Fri, Apr 21st, 2023 by Saurenergy On Friday, the REC Power Development and Consultancy Limited (RECPDCL) announced granting the project-specific Special Purpose Vehicle (SPV)—KPS1 Transmission Limited to Megha Engineering and Infrastructure Limited. An official release from REC said that the firm was awarded the project after it emerged as the successful bidder of the power ministry’s Inter-State Transmission System (ISTS) project, […] Read more
Power Ministry Issues New Draft Electricity (Amendment) Rules 2023, Seeks Comments From Stakeholders Updated On Fri, Apr 21st, 2023 by Saurenergy The Ministry of Power on Friday released its latest Draft Electricity (Amendment) Rules 2023 and sought comments from stakeholders by the end of May 11, 2023. The new draft rules have proposed changes in Section 15 and Section 19 of the Electricity Rules 2005. The new rules have been named ‘Electricity (Amendment) Rules 2023’. The notification […] Read more
ReNew Power Bags 200 MW of GUVNL’s 500 MW Tender; Solarcraft, Mahindra Susten, Avaada Energy Other Winners Updated On Fri, Apr 21st, 2023 by Saurenergy Gujarat Urja Vikas Nigam’s (GUVNL) tender, floated in February this year, for the supply of power from 500 MW of grid-connected solar projects (Phase XIX) has been won by ReNew Power, Solarcraft Power, Mahindra Susten, and Avaada Energy. Capacities & Tariff ReNew Solar Power bagged the highest capacity of 200 MW. It had quoted Rs 2.71 […] Read more
Maharashtra Introduces Land Lease Model for Solar-Powered Agriculture Updated On Thu, Apr 20th, 2023 by Saurenergy Maharashtra Government has revealed that it is looking to encourage agriculture driven by solar power across the state. This is with an aim to make sure that the farmers get power supply without any hinderances during daytime since rural areas are prone to power outages during the day. Towards this, Chief Minister Eknath Shinde said […] Read more
Waiting To Take Off-The PM-KUSUM Story Updated On Thu, Apr 20th, 2023 by Saurenergy Satveer Singh is a 51-year-old wheat farmer based at Mohanpura village in the Sri Ganganagar district of Rajasthan. Around a year ago, he enrolled online with the state government under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme. As a result, the solar developers installed a seven-Horse Power (HP) solar irrigation pump […] Read more
