REC Board Approves Incorporation of 7 SPVs for Evacuating Renewable Energy Updated On Thu, Apr 9th, 2020 by Saurenergy The board members of India’s power sector lender REC Ltd have provided their consent for a proposal to incorporate 7 project-specific special purpose vehicles (SPVs). These SPVs will facilitate the evacuation of renewable energy from Maharashtra, Madhya Pradesh, Karnataka and Rajasthan. REC said that “The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia […] Read more
PFC Disburses Rs 11K Crore, Claims to be Unaffected by Lockdown Updated On Thu, Apr 2nd, 2020 by Saurenergy PFC has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31 and has claimed to be unaffected by it. State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31. The company claimed that the […] Read more
Sterlite Power Advances Biz Strategy Post Selling 3 Assets in Brazil for About $100 Mn Updated On Mon, Mar 23rd, 2020 by Saurenergy Sterlite Power, which is among the leading global developers in the power transmission space, has achieved major milestone in Brazil by selling three assets i.e. Arcoverde, Novo Estado and Pampa from its portfolio for about USD 100 million (BRL 566 million). Post divestment of these assets, the company, now, has seven projects in different Brazilian regions, […] Read more
Tender Issued for 2000 MW Wind Power Projects in India Updated On Mon, Mar 23rd, 2020 by Saurenergy SECI has tendered for the selection of wind power developers for setting up of 2000 MW of ISTS-connected wind power projects in India under Tranche-IX. The Solar Energy Corporation of India (SECI) has issued a tender for the selection of wind power developers for setting up of 2000 MW of ISTS-connected wind power projects in […] Read more
Govt Planning to Tender 20 GW of Solar Projects by June 2021: RK Singh Updated On Thu, Mar 19th, 2020 by Saurenergy RK Singh has said that apart from solar projects (installed or under development) the government is planning to tender for 20 GW solar projects by June 2021 Union Minister for New and Renewable Energy RK Singh has said that as on February 29, 2020, a cumulative grid-connected solar power capacity of 35.07 GW had been […] Read more
Sterlite Power Completes Sale of Novo Estado Project to ENGIE’s Brazilian Arm Updated On Thu, Mar 12th, 2020 by Saurenergy One of the leading global developers in the power transmission space Sterlite Power has successfully completed the sale of its Novo Estado project in Brazil to French multinational electric utility company ENGIE’s arm in Brazil. The Vedanta Group company, Sterlite Power, has informed that, the sale process of Sterlite Novo Estado Energia S.A. (Novo Estado) […] Read more
SECI Gets Approval to Buy Power From 840 MW Wind-Solar Projects Updated On Tue, Mar 3rd, 2020 by Saurenergy SECI has received CERC approval for adoption of tariff that was discovered for 840 MW wind-solar hybrid power projects under the Tranche-I tender The Solar Energy Corporation of India (SECI) has seen its petition, for approval of tariff discovered through a competitive bidding process for 840 MW wind-solar hybrid power projects (Tranche-I) connected to the […] Read more
NTPC Invites Bids for Development of Wind Projects Worth 600 MW Updated On Mon, Mar 2nd, 2020 by Saurenergy NTPC Ltd has issued an IFB for setting up of ISTS-connected wind energy project(s) up to a capacity of 600 MW anywhere in India. NTPC Ltd has issued an Invitation for Bids (IFB), inviting online bids from eligible bidders for setting up of ISTS-connected wind energy project(s) up to a capacity of 600 MW anywhere […] Read more
NTPC Designated RE Implementing Agency for Long Term Access in ISTS Network Updated On Wed, Feb 26th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has designated state-owned NTPC as the renewable energy (RE) implementing agency to facilitate the application of connectivity and Long-Term Access (LTA) in the Inter-State Transmission System (ISTS) network. As per the Central Electricity Regulatory Commission (CERC) Regulation (7th amendment) for connectivity, LTA and Medium-term Open Access in […] Read more
