REC Steps Up On Green Financing With 37.3% Growth In Renewable Energy Funding Updated On Mon, Oct 7th, 2024 by Saurenergy REC Limited, a maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. Notably, the firm raised the largest ever tranche of green binds from […] Read more
NHPC, APGENCO Tie Up For 1.8 GW Renewable Energy Projects Updated On Mon, Sep 30th, 2024 by Saurenergy The National Hydroelectric Power Corporation (NHPC) and Andhra Pradesh Power Generation Corporation (APGENCO) recently entered into a Memorandum of Understanding (MoU) to form a Joint Venture Company (JVC). This collaboration aims at the implementation of a total of 1.8 GW renewable energy projects in the state. These projects include, Pumped Storage Hydro Power Projects and […] Read more
REC Raises $500 Mn Through Green Bonds Updated On Mon, Sep 30th, 2024 by Saurenergy REC Limited, a state-owned infrastructure company has raised $500 million through 5-year green bonds as part of its $10 billion Global Medium-Term Program. REC plans to use these funds to finance eligible green energy projects that qualify under its green finance framework. REC a ‘Maharatna’ company under the administrative control of the Ministry of Power, […] Read more
Govt Releases Revised Guidelines For EV Charging Stations Updated On Thu, Sep 19th, 2024 by Saurenergy The Ministry of Power has now issued a revised guidelines for setting up electric vehicle (EV) charging stations at private, public and restricted areas. The fresh norms talked about a ceiling in the tariffs of EV charging stations, maximum service charges from consumers during solar and non-solar hours. The new rules also touched upon the […] Read more
Maharashtra Discom Issues Green Energy Open Access Norms Updated On Tue, Sep 10th, 2024 by Saurenergy The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has now issued guidelines for the roll out of green energy open access in the state. This comes after the Maharashtra Electricity Regulatory Commission had notified its MERC (Distributed Open Access) (Second Amendment) Regulations 2023. The latest regulation allows consumers with contracted demand of 100 kw or […] Read more
GERC Declines To Impose Charges For Rooftop Solar Users Updated On Fri, Sep 6th, 2024 by Saurenergy The Gujarat Electricity Regulatory Commission (GERC) in its latest order declined to impose new charges on solar rooftop consumers. This came to the light when some stakeholders demanded imposing system strengthening charges from rooftop solar users. The demand included imposing system strengthening charges from consumers having capacities below 6Kw. The matter was raised during the […] Read more
PGCIL Gets 20 GW Bhadla-III Transmission Project From RECPDCL Updated On Fri, Aug 30th, 2024 by Saurenergy Power Grid Corporation of India Limited (PGCIL) recently acquired Bhadla-III Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV) established to develop an additional transmission system to evacuate power from Bhadla-III PS. This project is part of the Rajasthan REZ Phase-III Scheme (20 GW) on a build, own, operate, and transfer (BOOT) basis, managed by […] Read more
NTPC Issues 1.2 GW Hybrid Tender With 600 MW Greenshoe Option Updated On Fri, Aug 30th, 2024 by Saurenergy NTPC has released a tender to select hybrid power generators for the supply of 1.2 GW of power from inter-state (ISTS)-connected wind-solar hybrid power projects anywhere in India. This project has a greenshoe option for an additional capacity of up to 600 MW on a Build-Own-Operate (BOO) basis with 20th of September set as the […] Read more
Draft Norms: MoP Proposes Timeline Of 66 Months For PSPs Updated On Fri, Aug 23rd, 2024 by Saurenergy The Ministry of Power (MoP) has now issued draft guidelines for the issuance of tenders related to Pumped Storage Projects (PSPs). The new proposed norms mandate that the on-river PSPs need to commence its operations after 66 months after the signing of the Power Purchase Agreement (PPA). For the off-river projects, the developers need to […] Read more
