Discoms Have Total Unpaid Dues of Rs 29,136cr, R.K.Singh tells Rajya Sabha Updated On Tue, Jul 25th, 2023 by Saurenergy Union Power Minister RK Singh informed Rajya Sabha today that the electricity distribution companies (Discoms) had a total unpaid dues of Rs 29,136 crore as of July 24, 2023. These payments were to be made to the country’s power-generating companies (gencos). It was in addition to the balance legacy dues of Rs 61,025 crore. The […] Read more
NLC India in Talks with Andaman for 20 MWh Storage System Updated On Mon, Jul 24th, 2023 by Saurenergy NLC India is in discussions with the Andaman and Nicobar authorities for the establishment of a 20 MWh storage battery system. The islands are currently dependent on diesel generators, with the systems helping meet 95% of the energy requirement and the remaining 5% from hydropower. “South Andaman has a 20 MW solar plant and an 8 […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
Two Solar Firms To Get Compensations Due to Increased GST Rates Updated On Mon, Jul 17th, 2023 by Saurenergy In its order, the Central Electricity Regulatory Commission (CERC) granted compensation to two renewable energy companies. The central authority granted these compensations on account of ‘Change of Law’ events. Such events included the rise of Operations and Maintenance (O&M) costs of their projects due to the escalation of GST rates and the imposition of increased safeguard duty […] Read more
Fourth Partner Energy Commissions 70 MW Wind-Solar Hybrid Project in Gujarat Updated On Mon, Jul 17th, 2023 by Saurenergy Renewable energy solutions platform, Fourth Partner Energy today announced the commissioning of its wind-solar hybrid project in Gondal, Gujarat. This 70 MW project marks 4PEL’s foray into hybrid renewable energy solutions and will supply clean energy to companies like Filatex, Linde, Nexus Malls (a Blackstone Group Co.), Deccan Chemicals and other marquee clients. Executed in […] Read more
EIB Delegation to India to Focus on RE Intiatives, Green Hydrogen Ecosystem Updated On Fri, Jul 14th, 2023 by Saurenergy A European Investment Bank (EIB) delegation is embarking on a four-day business visit to India this week to strengthen collaboration with Indian public and private sector partners. The visit of the delegation, which includes EIB Vice-President Kris Peeters, will primarily focus on discussing EIB’s support for clean energy investments and transportation initiatives in the country. […] Read more
Around 54 GW of RE Projects Under-Construction in India: CEA Report Updated On Thu, Jul 13th, 2023 by Saurenergy Month Day, Year by Author via Twitter According to a report on Under Construction Renewable Energy Projects released by the Central Electricity Authority (CEA), India’s installed renewable energy (RE) capacity, excluding large hydro, reached approximately 125.16 GW by the end of March 2023. The report indicates that the country aims to add over 54 […] Read more
Fourth Partner Energy Forges Partnership with Best Agrolife to Supply 3 MW Solar Power Updated On Thu, Jul 13th, 2023 by Saurenergy Renewable energy solutions firm that caters to Commercial & Industrial businesses, Fourth Partner Energy will be supplying power to agrochemical pesticide manufacturer Best Agrolife Ltd. (BAL), from its 15 MW solar park in Shahjahanpur, Uttar Pradesh. The two firms have entered into a partnership, as per which BAL will be provided of 3 MW solar […] Read more
State Commissions Can’t Decide On Trade Margins In ISTS Projects: APTEL Updated On Mon, Jul 10th, 2023 by Saurenergy The Appellate Tribunal For Electricity (APTEL), in its latest judgment, ruled that State Commissions do not have the jurisdiction to take a call on the trade margins for Inter-State Transmission System (ISTS) power projects. The apex tribunal passed the order while hearing a case between the Solar Energy Corporation of India (SECI) against an impugned […] Read more
