CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages Updated On Thu, Sep 22nd, 2022 by Saurenergy The Premise of the Order Power Purchase Agreements dated 04.08.2016 were entered into between the petitioner – Parampujya Solar Energy Private Limited (PSEPL) and the respondent, NTPC. The petitioner is now seeking directions to NTPC Limited to accept the impact of Force Majeure events and extend the Scheduled Commissioning Date of the Project of the […] Read more
APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation Updated On Thu, Sep 22nd, 2022 by Saurenergy After facing rejections at the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commission’s (SERCs), Adani Green Energy had something to celebrate early this week when the Appellate Tribunal For Electricity (APTEL) permitted their plea for allowing carrying cost pass-through under the “Change in Law” definition of most PPAs. The Tribunal ordered CERC to […] Read more
Gujarat Becomes 4th State to Meet RE Targets 2022; Maha, AP, UP, MP Fall Short Updated On Thu, Sep 22nd, 2022 by Saurenergy Global thinktank for energy, Ember has published its most recent analytical report, which revealed that by August 2022, India has reached two-thirds of its 175 GW renewable energy goal for the year. Gujarat achieved this goal alongside Telangana, Rajasthan, and Karnataka. The majority of the shortage is made up of four states: Maharashtra, Uttar Pradesh, […] Read more
TSREDCO Floats 16 MW Grid Connected Rooftop Solar Tender in Hyderabad Updated On Tue, Sep 20th, 2022 by Saurenergy Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) has invited a tender for 16MW grid connected (13 MW + 3 MW) & 14 MW (11MW + 3 MW) through captive mode + 2 MW net-metering mode) grid-connected rooftop solar systems on the cycling track for Hyderabad, Telangana under RESCO model and the global competitive bidding […] Read more
Pune’s Olectra Receives Order for 123 E-Buses from Thane Municipal Transport Undertaking Updated On Tue, Sep 20th, 2022 by Saurenergy Pune-based electric bus manufacturer and the Megha Engineering and Infrastructures Ltd (MEIL Group’s) subsidiary company, Olectra Greentech, and its transporter partner named Evey Trans consortium have bagged orders for 123 E-buses worth Rs 185 crore from Thane Municipal Transport Undertaking in Maharashtra. Olectra Greentech and Evey Trans are both a part of Megha Engineering and […] Read more
Shell Targets Installing 10,000 Charging Stations Across India By 2030 Updated On Fri, Sep 16th, 2022 by Saurenergy Recently, the multinational oil corporation Shell unveiled its first electric vehicle (EV) chargers for India’s two- and four-wheeled vehicle markets. The initial market for Shell chargers in India are two wheelers. Shell announced plans to install more than 10,000 charging stations across India by 2030. The Shell Recharge chargers are powered entirely by green energy. […] Read more
IEX Total Trade Volume Plunges by 18% YoY in August ’22 Updated On Wed, Sep 7th, 2022 by Saurenergy The Indian Energy Exchange, India’s premier energy exchange, achieved 7805 MU volume in August 2022, registering a 9% MoM growth. This comprised 6517 MU in the conventional power market, 437 MU in the Green Power Market, and 851 MU (8.51 lac Certificates) in the REC Market. The total volume in the said period was lower […] Read more
Hyderabad All Set for Solar Rooftop Cycling Track in 2023 Updated On Wed, Sep 7th, 2022 by Saurenergy Telangana Municipal Minister K T Rama Rao has revealed that Hyderabad is all set to witness the establishment of its maiden cycle track, which will host a solar roof to employ solar panels for power generation. The construction will be on the lines of Daejeon and Sejong cycle highways in South Korea. The Minister laid […] Read more
RE Firms’ Receivables to Dwindle by 20% in FY23: CRISIL Updated On Wed, Sep 7th, 2022 by Saurenergy In a significant revelation, as per a CRISIL ratings, the leading renewable energy companies’ receivables will shrink by 20% this fiscal year. Leading RE companies may anticipate their receivables to decline by a fifth, from 180 days a year ago to 140 days in March next year, CRISIL has said. This trend was last seen […] Read more
