SBI

MERC Directs MSEDCL to Compensate Solar PV Project Developers

Solar PV Projects totaling 100 MW will be benefited The Maharashtra Electricity Regulatory Commission (MERC) has provided partial relief to Juniper Green Energy Pvt. Ltd. (JGEPL), and Nisagra Renewable Energy Pvt. Ltd. (NREPL), developers of solar PV projects in Maharashtra. JGEPL and NREPL had petitioned the MERC to intervene and finalize a compensation mechanism and […]

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HPERC Takes Cue from CERC, Proposes Changes to Renewable Project Conditions

HPERC has Drawn Inspiration from CERC’s Renewable Energy Tariff Regulations 2020 The Himachal Pradesh Electricity Regulatory Commission (HPERC) has proposed amendments to the (Promotion of Generation from Renewable Energy Sources and Terms and Conditions for Tariff Determination) (4th Amendment) Regulations, 2020, which came in effect in April 2020. The HPERC duly considered the latest Renewable […]

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MNRE Invites Proposals to Develop Institutional Framework for ‘One Sun One World One Grid’ Implementation

The Ministry of New and Renewable Energy (MNRE) has invited proposals from eligible consulting firms for developing a long-term vision, implementation plan, road map and institutional framework for implementing ‘One Sun One World One Grid’ (OSOWOG). This is in line with the Prime Minister Narendra Modi’s call for connecting solar energy supply across borders by […]

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SBI Issues Empanelment Tender for Solar Projects for Hyderabad Circle

The last date and time of bid submission is January 21, 2020 at 3:00 p.m. SBI Infra Management Solutions Pvt Ltd (SBIIMS), a wholly owned subsidiary of country’s largest lender State Bank of India (SBI), has invited applications for the empanelment of contractors for grid connected solar plant for its branches and offices that comes […]

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Solar Projects, City gas and Infrastructure Bright Funding Spots: SBI

SBI Chairman has said that there is adequate availability of funds and opportunities are mainly in solar power, city gas, and infrastructure projects. State Bank of India (SBI) Chairman Rajnish Kumar has stressed that there is adequate availability of funds with the banking system but he does not find enough projects where investment is being sought. He said […]

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SBI Nominee Rakesh Sharma Takes Over as Suzlon Energy Director

Suzlon Energy has notified that it has appointed SBI nominee Rakesh Sharm as the company’s nominee director. Suzlon Energy has notified that it has appointed the State Bank of India (SBI) nominee Rakesh Sharm as the company’s nominee director. The appointment has also been approved by the company’s board of directors. “Rakesh Sharma, the nominee […]

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SBI Cuts Loan Rates for Electric Vehicles Purchases

In an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. In an attempt to incentivize the consumers to shift towards green vehicles, SBI has cut rates on auto loans for the purchase of electric cars. Borrowers will get […]

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SBI Invites EoI for 3 to 5 MW Solar Project in Telangana

The eligibility criterion mandates that the bides should have commissioned at least 10 MW of ground mounted solar projects. Embarking on an ambitious target of achieving 100% carbon neutrality by 2030, the State Bank of India (SBI) has issued an expression of interest to to procure solar energy in the capacity of 3-5 MW (offsite) […]

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With High Debts of Rs 370 Cr, Su-Kam to Face Auctions

In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). In November 2017, SBI, owing to the high debts, had referred Su-Kam to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). Now up for bidding, Su-Kam has a […]

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