MERC Partially Approves MSEDCL’s Petition to Reduce Solar Tariff Updated On Thu, Apr 25th, 2019 by Saurenergy The Maharashtra Electricity Regulatory Commission recently heard a petition filed by the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) relating to the adoption of tariff for long term procurement of solar power. In its petition, MSEDCL was seeking review of the Commission’s previous order relating to the adoption of tariff discovered for long term procurement […] Read more
ASSOCHAM, REPA to Jointly Promote Renewable Energy Updated On Thu, Apr 25th, 2019 by Saurenergy The leading apex industry body said that, “These are some of the win wins, the newly signed MoU would seek to achieve for both the organisations.” Industry body, the Associated Chambers of Commerce & Industry of India (ASSOCHAM) and the Renewable Energy Promotion Association (REPA), a professional (public-private) not-for-profit body, has entered into an agreement […] Read more
Azure Power to Get Compensation For Increase in Costs Due to Safeguard Duty Updated On Thu, Apr 25th, 2019 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) recently heard two petitions made by Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change in Law and had asked it for approval and determination of compensation for the increase in project cost following the imposition. In […] Read more
NBCIL Invites Developers For Setting Up Solar Projects Under CPSU-II Scheme Updated On Thu, Apr 25th, 2019 by Saurenergy The Corporation has identified factory lands spanning over 10.46 acres in Ghaziabad for the development of solar power plants. The National Bicycle Corporation of India (NBCIL), a Government of India Undertaking, with reference to SECI’s 2000 MW grid-connected solar PV projects under CPSU Scheme, Phase-II, Tranche-I has invited government producers interested in participating in the […] Read more
LAND AVAILABILITY WITH NBCIL, GHAZIABAD FOR PROJECTS TO BE SET UP UNDER THE CPSU SCHEME-PHASE-II, TRANCHE-I Updated On Wed, Apr 24th, 2019 by Saurenergy This has reference to the RfS for setting up of 2000 MW Grid-connected Solar PV Projects under CPSU Scheme, Phase-II, Tranche-I. In this regard, National Bicycle Corporation of India Ltd., a Government of India Undertaking, invites Government Producers interested in participating in the above tender, to set up projects on the land available with NBCIL […] Read more
Tata Power Shifts Complete Focus to Renewable Energy, to Cease Building New Coal Plants: Report Updated On Wed, Apr 24th, 2019 by Saurenergy Utility ceases new coal-fired power development, creates a future based on renewables. One of the country’s largest private integrated power company, Tata Power has recently made it publicly clear that it will cease building new coal-fired capacity, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Tata Power: […] Read more
Rating Agency ICRA Predicts 7-7.5 GW Solar Capacity Additions this Financial Year Updated On Wed, Apr 24th, 2019 by Saurenergy Rating agency ICRA said on April 23 that it has estimated 7-7.5 GW solar power capacity addition during the current financial year, which includes 1 GW of rooftop solar. “The domestic solar power capacity addition is expected at around 7 GW to 7.5 GW (including around 1 GW of rooftop solar capacity) in FY 2020 as […] Read more
CleanMax Solar Secures Rs 275 Cr Investment From UK Climate Investment Updated On Wed, Apr 24th, 2019 by Saurenergy Mumbai-based solar power developer CleanMax Solar has raised Rs 275 crore in equity funding from UK Climate Investments (UKCI). UKCI will underpin the development of a nationwide network of solar farms following the agreement to invest £30 million in one of India’s leading providers of renewable energy for commercial and industrial clients, CleanMax Solar. Founded […] Read more
Solar Power Developer Hindustan Powerprojects Caught Evading Tax of Over Rs 1350 Cr Updated On Tue, Apr 23rd, 2019 by Saurenergy During search and seizure operations conducted against Hindustan Powerprojects, a company owned by the nephew of Madhya Pradesh chief minister Kamal Nath, the Income Tax department detected tax evasion of more than Rs 1,350 crore. The Central Board of Direct Taxes (CBDT) has revealed that the raids were conducted earlier this month at offices of the solar […] Read more
