MERC Orders SECI to Compensate MSEDCL for Delayed Solar Projects Updated On Thu, Feb 18th, 2021 by Saurenergy MERC has directed SECI to compensate MSEDCL as per a Power Sale Agreement (PSA) signed between the two entities for delayed solar projects. The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has directed the Solar Energy Corporation of India (SECI) to compensate Maharashtra State Electricity Distribution Company Limited (MSEDCL) as per a Power […] Read more
4789 MW RE Capacity Sanctioned Under Component A of KUSUM Scheme Updated On Fri, Feb 12th, 2021 by Saurenergy RK Singh has detailed that under Component-A of the KUSUM scheme 4789 MW of RE capacity has been sanctioned across farms in India, so far. Union Minister for Power and New & Renewable Energy RK Singh has detailed that under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme 4789 MW […] Read more
Committed to Reduce Emissions by 33 to 35% From 2005 Levels: PM Modi at WSDS Updated On Thu, Feb 11th, 2021 by Saurenergy PM Modi at the WSDS inauguration reiterated India’s commitment to reduce the emissions intensity of GDP by 33 to 35 percent from 2005 levels. Prime Minister Narendra Modi on February 10, 2021, inaugurated the World Sustainable Development Summit (WSDS) 2021 via video conferencing. During the event, PM Modi reiterated India’s commitment to reduce the emissions […] Read more
Rs 1000 Cr Capital Infusion to Enable SECI to Float 15 GW Tenders Annually Updated On Wed, Feb 10th, 2021 by Saurenergy Capital infusion of Rs 1000 crore to SECI in the new budget, will enable the agency to float 15 GW tenders annually. Finance Minister Nirmala Sitharaman in her budget speech for fiscal 2021-22 announced the capital augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency Limited (IREDA). In her […] Read more
RE Projects can get Further Extension in Exceptional Cases: MNRE Updated On Wed, Feb 10th, 2021 by Saurenergy MNRE has stated that RE projects under implementation during lockdown can seek to get a further extension beyond 5 months in exceptional cases The Ministry of New and Renewable Energy (MNRE) in its latest order has stated that renewable energy (RE) projects under implementation as on the date of lockdown, i.e. March 25, 2020, through […] Read more
MNRE Formalises Amendments to RTC RE Power Procurement Guidelines Updated On Tue, Feb 9th, 2021 by Saurenergy MNRE has passed amendments to the guidelines for procurement of RTC RE power, complemented with power from any other source or storage. The Ministry of New and Renewable Energy (MNRE), in a Gazetted notification, has passed a resolution with the amendments to the guidelines for tariff-based competitive bidding process for procurement of Round-The-Clock (RTC) power […] Read more
Rs 212 Cr Released Under FAME-II for Electric Buses: Javadekar Updated On Tue, Feb 9th, 2021 by Saurenergy As of January 31, nearly Rs 212 crore has been released for the procurement of electric buses under the FAME II scheme, Prakash Javadekar informed the parliament. As of January 31, 2021, nearly Rs 212.31 crore has been released for the procurement of electric buses under the second phase of the FAME-India (FAME II) scheme, Heavy […] Read more
NSEFI Suggests Amendments in Gujarat Solar Policy to Boost Investments Updated On Mon, Feb 8th, 2021 by Saurenergy NSEFI has welcomed the Gujarat Solar Policy 2021 and submitted suggestions which it believes will further boost investment in the sector National Solar Energy Federation of India (NSEFI) has welcomed the Government of Gujarat Solar Power Policy 2021, where the Capacity Restriction of 50 percent of Contracted Demand has been withdrawn. However to promote the […] Read more
Finance Ministry Permits AP to Borrow Additional Rs 1515 Cr for Power Sector Reforms Updated On Fri, Feb 5th, 2021 by Saurenergy The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. As part of the reforms, the state has started the Direct Benefit Transfer (DBT) scheme of electricity subsidy to farmers with effect from September 2020. Thus, it […] Read more
