Power

PXIL Celebrates 12th Year Anniversary with Cumulative Volume Growth

Power Exchange India Ltd (PXIL) has notched up significant market share in electricity trading during the last few months. Ever since the jump-start of Day Ahead Spot (DAS) from August 25, 2020, there has been consistent participation from the most active participants in the market. The price formation has demonstrated convergence, even with small volumes […]

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MNRE Issues Guidelines for Procurement of Wind-Solar Hybrid Power

MNRE has issued the guidelines for the procurement of power/ electricity from wind-solar hybrid power projects through a transparent bidding process. The Ministry of New and Renewable Energy (MNRE) in its latest notification has issued the guidelines for the procurement of power/ electricity from wind-solar hybrid power projects through a transparent bidding process. Addressed to […]

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Bengal Chief Minister Joins Building Chorus Against Electricity Act Amendments

The Electricity Act Amendment Bill (2020), slated for a possible introduction in the coming session of parliament, faced a predictable salvo yesterday. West Bengal Chief Minister Mamta Banejee termed its provisions ‘anti- federal’ and even ‘inhuman’ to be brought up at a time when the pandemic is raging. In a strongly-worded letter to Prime Minister […]

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WoodMac’s Weekly Roundup: Covid-19 Impact on Power, RE Industry Globally

One of the leading research and consultancy group, Wood Mackenzie (WoodMac) has provided its weekly analysis on the impact of coronavirus on the power and renewable energy industry globally. As per the report preliminary findings, solar and storage are expected to see ~20 percent coronavirus impact as compared to the base case. Whereas onshore wind […]

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L&T Bags Contracts for its Power, Transmission & Distribution Business

L&T has announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from clients in India and abroad. Larsen and Toubro (L&T) have announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from prestigious clients in India and abroad. In the Philippines, the business has won […]

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Telangana Planning 1 GW Solar Power, one Time Settlement of Power Dues

The Telangana government has said that it would go for one-time settlement of dues of panchayats and municipalities to state-run electricity organisations The Telangana government has said that it would go for one-time settlement of dues of panchayats and municipalities to state-run electricity organisations and warned that henceforth heads of local bodies will be ‘punished’ for non-payment […]

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Secretary Shuffle: SC Garg Moves From Finance to Power

In the first major bureaucratic shuffle of its second term, the government has transferred Finance Secretary SC Garg to the power ministry. In the first major bureaucratic shuffle of its second term, the Narendra Modi government on July 24, 2019,  transferred Finance Secretary Subhash Chandra Garg to the power ministry while appointing Atanu Chakraborty as the […]

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Power Billing to Move From Postpaid to Prepaid: R K Singh

India is moving towards a new regime where a power consumer would pay first and then get power supply, Union minister R K Singh has said. India is moving towards a new regime where a power consumer would pay first and then get power supply, which would eventually deal with the issue of non-payment in the sector, […]

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4.5 mn People in Africa to Benefit With Off-Grid Power by 2025

AfDB has approved an innovative financing program for DESCOs, which would see 4.5 million people in sub-Saharan Africa gain access to solar power by 2025. The Board of Directors of the African Development Bank (AfDB) Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan […]

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