TATA Power’s Q4 FY21 Results: Revenues Jump 50% Updated On Fri, May 14th, 2021 by Saurenergy Mumbai-based electric utility company Tata Power Limited released its financial results for the fourth quarter of FY21 ended March 31, 2021, announcing a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore (Rs 474.70 crore in the year-ago period), due to saving in finance cost offset by an exceptional gain […] Read more
Industry Welcomes Cabinet Approval for PLI Scheme for ACC Battery Storage Updated On Fri, May 14th, 2021 by Saurenergy IESA and its member companies have welcomed the Cabinet’s approval of the PLI Scheme on Advanced Chemistry Cell (ACC) Battery Storage India Energy Storage Alliance (IESA), India’s leading alliance on energy storage & e-mobility and its member companies have welcomed the Cabinet’s approval on the proposal by the Department of Heavy Industry for implementation of […] Read more
MNRE Grants Conditional Extension for RE Projects due to 2nd Wave of COVID Updated On Fri, May 14th, 2021 by Saurenergy MNRE has decided that RE projects with SCD on or after April 1, 2021, will be eligible to claim a time extension for completion of work. The Ministry of New and Renewable Energy (MNRE) has notified that after considering the representations received from project developers and stakeholders, it has been decided that as a measure […] Read more
Azure Power’s Petition for GST Compensation Dismissed by MERC Updated On Wed, May 12th, 2021 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) recently heard a petition filed by Azure Power Thirty Four Private Limited (APTFPL), which sought INR 22,52,61,708 in compensation for “increase in costs” due to a change in the rate of Goods & Services Tax (GST) following a notification issued by the Ministry of Finance in December 2018. APTFPL tried […] Read more
MoP Ensuring 24×7 Power Supply to Oxygen Plants in Country Updated On Wed, May 12th, 2021 by Saurenergy The second wave of the Covid-19 pandemic has entered a critical phase , with 37,04,099 active cases, but hopes of the graph moving down finally. There has been a surge in oxygen demand as cases have piled up. Now to ensure the 24×7 continuous power supply to the oxygen plants by the state utilities in […] Read more
Global Finance is Mobilising to Meet East Asia’s Net-Zero Ambition: IEEFA Updated On Wed, May 12th, 2021 by Saurenergy Bolder emissions reduction targets by China, Japan and South Korea threaten Australian fossil fuel exports Chinese President Xi Jinping’s surprise announcement at the UN General Assembly in September 2020 that the world’s biggest emitter would become carbon neutral by 2060 has proved pivotal, writes Tim Buckley, IEEFA’s Director Energy Finance Studies, Australia/South Asia, in a […] Read more
€100 Billion SBI and EIB Climate Action Initiative Launched Updated On Wed, May 12th, 2021 by Saurenergy EIB and SBI have agreed to back a new initiative of €100 million for new high-impact climate action and sustainability business financing. On the margins of the recently concluded EU-India Leaders Meeting, the European Investment Bank (EIB) and the State Bank of India (SBI) have agreed to back a new initiative of €100 million for […] Read more
PLI Scheme for Solar Manufacturing to Benefit Incremental Demand till FY30: Report Updated On Wed, May 12th, 2021 by Saurenergy According to a new report India’s solar modules manufacturing under production linked incentive (PLI) scheme will benefit incremental panels demand till the financial year 2030 (FY30). Ind-Ra estimates that the allocation of INR 45 billion towards the solar modules manufacturing industry by the Ministry of New and Renewable Energy (MNRE) can benefit the sales of […] Read more
ACC & Ambuja Cements Pushing Decarbonization to Reach Net-Zero Emissions Updated On Tue, May 11th, 2021 by Saurenergy ACC and Ambuja Cements have announced that they are pushing up their decarbonization agenda to reach their net-zero emissions target. Having an aim to generate clean and green energy both companies are in line with LafargeHolcim’s Net Zero Pledge and its ambition to reduce emissions from electricity. The decarbonization agenda will be delivered through several […] Read more
