SECI Cancelled Solar Tenders Of 166 MW Cumulative Capacity Recently Updated On Wed, Jul 13th, 2022 by Saurenergy In the last two days (11 and 12 July) SECI has cancelled three solar tenders with a total capacity of 166 MW. The three tenders include 100 MW solar tender of Getalsud Dam, Ranchi, 44 MW & 22 MW solar tender of The Singareni Collieries Company Limited (SCCL). SECI has said that the reason behind […] Read more
GMR Hyderabad Airport Saves Rs 10 Cr By Employing Solar Power Updated On Mon, Jul 11th, 2022 by Saurenergy As per GMR Hyderabad International Airport Ltd (GHIAL), it has saved Rs 10 crore in the last one year since it has employed solar power to power airport operations. According to the information tendered, GHIAL owns solar power capacities totaling 10 MW. The entity had commissioned a 5 MW solar power plant meant for the […] Read more
NMDC Looking To Invest In Renewable Energy Sources Updated On Mon, Jul 11th, 2022 by Saurenergy Mining major National Mineral Development Corporation (NMDC) has set its sights on investment in the renewable energy sector. The information comes from Sumit Deb, Chairman and Managing Director (CMD) of NMDC. The top official of the Central PSU affirmed the quest of NMDC to invest in the renewable energy sector as he said that the […] Read more
IEX Power Trading Update for June 2022 Updated On Tue, Jul 5th, 2022 by Saurenergy The Indian Energy Exchange achieved 8267 MU volume in June ’22 comprising 7058 MU in the conventional power market, 536 MU in the Green Power Market, and 673 MU (6.73 lac Certificates) in the REC Market, registering 17% YoY volume growth across all market segments. Owing to improved supply-side availability, the prices at the day […] Read more
Rajasthan And NTPC Sign MoU To Develop 10 GW Renewable Energy Park In State Updated On Mon, Jul 4th, 2022 by Saurenergy NTPC Renewable Energy Ltd (NREL) and Rajasthan Government signed on July 1 an MoU for a 10 GW ultra mega Renewable Energy Power Parks (UMREPP) to be developed in Rajasthan. The MoU was signed at a ceremony held on Friday in the presence of Rajasthan Energy Minister Bhanwar Singh Bhati. Since it was formed on […] Read more
CERC Allows ACME Petition To Qualify Entry Tax As Change In Law Updated On Fri, Jul 1st, 2022 by Saurenergy The Central Electricity Regulatory Commission allowed on June 29 the petition moved by ACME praying for declaring the Entry Tax as Change In Law defined in the statutes. The three judges panel of I. S. Jha, Arun Goyal and P. K. Singh, also ordered the stay of collection of entry tax pursuant from the petitioner […] Read more
Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers Updated On Thu, Jun 23rd, 2022 by Saurenergy Leading ratings firm CRISIL estimate that the proposed scheme for liquidating discom dues could be a windfall for RE developers, among others. Rs 9,000 crore over the next two fiscals could be released for RE developers, states the firm. This could majorly impact the receivables period of leading RE gencos of 40-50 days from the […] Read more
Pennar Industries Inducts Pradeep Sangwan As BU Head-Solar Updated On Thu, Jun 23rd, 2022 by Saurenergy Hyderabad based Infrastructure group Pennar Industries has roped in industry veteran Pradeep Sangwan as Business Unit Head, Solar. Sangwan, who has had a long and distinguished stint in the solar sector so far, was previously working with Solar firm Econess Energy. Before that, he has worked with Renesola Power and Tata BP Solar too. An […] Read more
Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
