Power Regulator CERC Appoints Jishnu Barua as Chairperson

Jishnu Barua has assumed charge of power regulator CERC (Central Electricity Regulatory Commission) as the Chairman. The newly appointed Chairperson was administered the oath by MNRE Minister R K Singh. Barua had been appointed to the post of the Chairperson on 27 February. He was the Chief Secretary of Assam from October 2020 to August […]

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NTPC Green Energy to Raise Up to Rs 9,000 cr Term Loan

NTPC Green Energy Ltd (NGEL), an NTPC subsidiary, has invited bids for a  term loan of up to Rs 9,000 crore in Indian Rupee denomination. As per the bid document, NGEL intends to raise fresh debt and  the funds collected will be used to repay outstanding liability of Rs 8,200 crore towards NTPC by March […]

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PFC’s Consolidated Profit Climbs 7% at Rs 5241 Cr in Dec Quarter

State-owned non-banking financial firm Power Finance Corporation (PFC) has reported a 7% increase in its consolidated profit, standing at Rs 5,241.10 crore in December quarter. Higher revenues have contributed to this increase. PFC’s consolidated net profit was pegged at Rs 4,893.91 crore in FY22 October-December quarter. The cumulative income of the firm rose to Rs […]

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IEX Power Market Update for Jan ’23: IEX Clocks In Fiscal’s Highest Monthly Vol of 8639 MU

The Indian Energy Exchange (IEX), India’s premier energy exchange, achieved 8639 MU cumulative volume in January 2023. This is inclusive of Green Power trade worth 347 MU, and 3.95 lac RECs (equivalent to 395 MU). IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and […]

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Solar EPC: After Strong 2022, Industry Looks Ahead To Continuity in 2023

The Indian Solar EPC market looked good in the year gone-by as several EPC projects, both government and private, took off in 2022. Interestingly, even as large EPC firms with a global footprint like Sterling and Wilson Renewable Energy struggled with projects where they were on the hook for fixed price contracts, bearing heavy losses, […]

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CERC Directs SECI to Compensate TPREL Irrespective of Dues from DISCOMS

The Central Electricity Regulatory Commission (CERC) has given a nod to Tata Power Renewable Energy Limited’s ( TPREL) claim for compensation caused by change in law events due to enactment of GST Laws. TPREL had entered into a PPA with SECI and claimed compensation of Rs. 48,88,44,968 along with the carrying cost towards compensation for […]

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SECI Issues RFS for Vendors for Off-Grid Solar Pumping Systems with 1-10 HP

Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking dedicated to the solar energy sector, has issued an RFS for selection of vendors under Component-B of PM-KUSUM Scheme of MNRE. This particular component looks at “installation of 20 lakh standalone solar powered agriculture pumps” and “CFA of 30% of the benchmark cost or […]

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