Madhya Pradesh Issues PHS Policy To Add 12 GW Of 4-Hour ESS Updated On Tue, Mar 11th, 2025 by Saurenergy Madhya Pradesh requires 29,956 MW of solar and 5,293 MW of wind capacity by 2034-35 to meet its energy demand. Under the CEA’s resource adequacy plan for Madhya Pradesh, it projects a 5.36% compound annual growth rate (CAGR) in energy capacity from 2024-25 to 2034-35 to meet state power needs. Madhya Pradesh’s recent scheme for […] Read more
Adani Green Wins 1.25 GW Pumped Hydro Storage Project From UPPCL Updated On Thu, Feb 27th, 2025 by Saurenergy Adani Green Energy Limited (AGEL), has received a Letter of Award (LOA) from Uttar Pradesh Power Corporation Limited (UPPCL) for 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects (PSP). The Panaura PSP project has a minimum commitment of 40 years. It will be located in Sonbhadra district, Uttar Pradesh, and is expected […] Read more
FDRE Projects Prone To Several Financial Risks, Says EMBER Updated On Tue, Feb 25th, 2025 by Saurenergy A new report from Ember maps various financial risks associated with renewable projects. Based on the assessment of these risks, the report estimates the premiums associated with them and the overall impact of the risks on the cost of capital. The report moves beyond traditional “thumb rules” for calculating risk premiums by adopting a data—and […] Read more
NVVN Issues 250 MW/1000 MWh BESS Tender With VGF Support Updated On Tue, Feb 25th, 2025 by Saurenergy NVVN, a wholly owned subsidiary of NTPC Limited, has issued a tender for a 250 MW/1000 MWh standalone Battery Energy Storage System (BESS) with Viability Gap Funding (VGF) support. The tender includes a greenshoe option for an additional capacity of up to 250 MW/1000 MWh. It has set March 24, 2025 NVVN has been nominated […] Read more
Adani Electricity Tops In Integrated Discom Rankings Updated On Fri, Feb 21st, 2025 by Saurenergy The Regional meeting of Power Sector was held on 20th February 2025 in New Delhi. Union Minister of Power and Housing & Urban Affairs, Manohar Lal chaired the meeting along with Union Minister of State for Power and NRE Shripad Yesso Naik. The meeting was attended by the Union Power Secretary, Additional Chief Secretaries/ Secretaries/ […] Read more
CERC Adopts tariff For SECI’s 1200 MW Wind Solar Hybrid Projects Updated On Thu, Feb 20th, 2025 by Saurenergy In an order dated February 18, the Central Electricity Regulatory Commission has adopted the proposed tariffs for SECI’s 1200 MW Hybrid projects comprising wind and solar energy under Tranche VIII. SECI had issued the letter of awards to the winning bidders on June 20, 2024. The projects will now await the signing of formal PPAs, […] Read more
MoP Advises REIAs To Co-Locate ESS With Solar Plants In Upcoming Tenders Updated On Wed, Feb 19th, 2025 by Saurenergy The Ministry of Power (MoP) has released an advisory on the co-location of energy storage systems (ESS) with solar plants. Its latest advisory aims to incorporate a minimum of a 2-hour co-located Energy Storage System (ESS) equivalent to 10% of installed solar capacity in future tenders. The notification stated, “This requirement will help mitigate intermittency […] Read more
Govt Amends Bidding Rules, Tightens Default Penalties Updated On Tue, Feb 18th, 2025 by Saurenergy The Ministry of Power (MoP) recently announced a series of amendments to the prescribed guidelines for a tariff-based competitive bidding process. These amendments are meant for the procurement of power from grid-connected solar, wind, and hybrid power projects. The government’s latest notification builds on previous guidelines, including those issued in July 2023 for energy storage projects, in […] Read more
MoP Sets New Bidding Guidelines for Pumped Storage Projects Updated On Wed, Feb 12th, 2025 by Saurenergy The Ministry of Power (MoP) has introduced a new set of rules to promote the development of Pumped Storage Plants (PSPs). The government’s latest norms aim to provide a standardized procurement framework based on open competitive bidding. They also establish clear risk-sharing mechanisms among various stakeholders. The government’s latest notification applies to developers and procurers […] Read more
