Government’s New Solar Norms Prevents DISCOMSs from Terminating PPAs Updated On Wed, Aug 23rd, 2017 by Saurenergy The solar guidelines, laid down by the renewable energy ministry, prevent DISCOMs from unilaterally amending or terminating PPAs. India has announced new norms to improve bankability of solar power projects and boost investments without raising tariff, even as the International Renewable Energy Agency (IRENA) said the country can raise renewable energy use to meet a […] Read more
States participating in UDAY take over targeted debt of Rs. 2.09 lakh crores of their DISCOMs Updated On Thu, Aug 17th, 2017 by Saurenergy The process of States taking over the targeted debts and issuing them as SDL Bonds has now been completed. As of now, the participating DISCOMs have to issue Bonds worth approximately Rs. 37,000 crores, which would be done in due course Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more […] Read more
Improving tariff competitiveness of solar PV energy favourable for discoms: ICRA Updated On Sat, Apr 15th, 2017 by Saurenergy With declining module price levels and the bidding process adopted, the tariff competitiveness for solar PV projects has been showing an improvement in the last three year period Credit rating body ICRA on Thursday stressed on the importance of enhancing tariff competitiveness of solar PV energy against both alternate renewable as well as conventional energy […] Read more
UDAY Successfully Achieves Financial and Operational Reform of DISCOMS in India: REPORT Updated On Wed, Apr 5th, 2017 by Saurenergy Ujwal Discom Assurance Yojana has been successful in achieving its most important objective of reforming power distribution companies in India. It has been nearly eighteen months since the Ministry of Power announced the vital Ujwal DISCOM Assurance Yojana (UDAY) scheme for financial and operational reform of power distribution companies (DISCOMs) in India. Twenty six states […] Read more
Gujarat DISCOMs Fail to Meet Purchase Target for Renewable Energy Updated On Tue, Jan 24th, 2017 by Saurenergy GUVNL DISCOMs fails to meet purchase target of renewable energy sources. Gujarat Urja Vikas Nigam Ltd (GUVNL) affiliated four distribution companies (DISCOMs) fell short of purchasing required renewable energy in 2015-16 on account of low supply of power from wind and other renewable energy sources. Under the Renewable Purchase Obligation (RPO), a distribution company is […] Read more
MNRE to offer financial incentives to DISCOMs to Support Rooftop Solar Power Updated On Mon, Jan 9th, 2017 by Saurenergy Ministry of New and Renewable Energy will provide financial incentives to DISCOMs for Rooftop Solar Power In a new policy move, the Ministry of New and Renewable Energy (MNRE) has announced financial incentives for DISCOMs to support rooftop solar power installations. The notification proposes a financial support of up to INR 3.75m (USD 55,000)/MW for […] Read more
Piyush Goyal launches Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App Updated On Wed, Jan 4th, 2017 by Saurenergy UDAY portal/app would track and monitor the progress of DISCOMs on operational and financial parameters under the UDAY scheme Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Wednesday launched Ujwal DISCOM Assurance Yojana (UDAY) Web Portal & Mobile App. The UDAY portal/app would track and monitor the progress of DISCOMs on operational and […] Read more
Rooftop solar units from third party costs 40 percent cheaper than DISCOMs Updated On Thu, Dec 22nd, 2016 by Saurenergy Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state’s power distribution companies. This gap is expected to widen further as thermal power companies would need to increase tariffs to accommodate inflationary measures and solar modules prices fall further. The model […] Read more
DISCOMs Flouting Solar’s ‘Must Run’ Status: Mercom Capital Updated On Thu, Sep 22nd, 2016 by Saurenergy Mercom Capital Group in its latest report “India Solar Quarterly Market Update,” has revealed that power deficit numbers in India do not paint the full picture. The report states that even if Central Electricity Authority’s (CEA) reports touts low power deficit and surplus situation, large populations in India are still living without electricity and power cuts […] Read more
