PFC’s Consolidated Profit Climbs 7% at Rs 5241 Cr in Dec Quarter Updated On Tue, Feb 14th, 2023 by Saurenergy State-owned non-banking financial firm Power Finance Corporation (PFC) has reported a 7% increase in its consolidated profit, standing at Rs 5,241.10 crore in December quarter. Higher revenues have contributed to this increase. PFC’s consolidated net profit was pegged at Rs 4,893.91 crore in FY22 October-December quarter. The cumulative income of the firm rose to Rs […] Read more
SJVN Mulls Building 700 MW Solar Power Plant in Kanpur Updated On Thu, Feb 9th, 2023 by Saurenergy State-owned Satluj Jal Vidyut Nigam (SJVN) is mulling over the development of a 700 MW solar power project in Uttar Pradesh’s Kanpur town. According to reports, SJVN has inked a new Memorandum of Understanding (MoU) with the Uttar Pradesh State Industrial Development Authority (UPSIDA) where it will be investing approximately Rs 3400 crore in the […] Read more
Tata Power Q3 Results, TN Cell and Module Plant To Start By End Of 2023 Updated On Sun, Feb 5th, 2023 by Saurenergy Tata Power announced its Q3 Fy23 results on Friday, reporting consolidated net profits almost double of the numbers in the corresponding quarter of previous year. At Rs 1,052.14 crore in the quarter ended December 2022, the profit growth was aided by higher power generation and distribution sales, as well as improved realisation per unit. Strong Growth […] Read more
Budgetary Allocation for Solar Sees Upward Thrust, But Wind Slumps Updated On Thu, Feb 2nd, 2023 by Saurenergy Finance Minister Nirmala Sitharaman has placed eminence on green growth in Budget 2023-24. Consequently, a slew of announcements and schemes have been announced. Off-grid and grid-connecting solar projects as well as PM-KUSUM has also see a major increase in budgetary allocation. An outlay of Rs 7327 crore has been approved towards the scheme for both […] Read more
January ALMM List- 14 New Manufacturers, 6 From Gujarat Updated On Fri, Jan 27th, 2023 by Saurenergy The Ministry of New and Renewable Energy has released the latest AMM (Approved list of module manufacturers) for January 2023,and the list of manufacturers continues to grow. 14 new manufacturers make an entry in January, notably BHEL with a 214 MW approved capacity or its plant at Bengaluru. The only other notable entrants to the […] Read more
World Bank Inks Project to Scale up Renewable Energy Technologies in India Updated On Tue, Dec 20th, 2022 by Saurenergy The World Bank has announced that it has signed agreements with the Government of India (GoI) and Solar Energy Corporation of India Limited (SECI) for a $150 million IBRD loan, a $28 million Clean Technology Fund (CTF) loan and a $22 million CTF grant. The objective of the financial agreements is to help India increase […] Read more
With LPS Rules, Significant Improvement in Payment of Outstanding Dues from DISCOMs to GENCOs Updated On Wed, Nov 30th, 2022 by Saurenergy The outstanding dues of DISCOMs to GENCOs have been a matter of concern for quite some time now. As of June 2022, these dues stood at Rs 1.32 lakh- a 4 per cent YoY increase. As of August 2022, a large number of state DISCOMs including Maharashtra, Tamil Nadu, Telangana, Andhra Pradesh, Uttar Pradesh, Jammu […] Read more
JREDA Floats Two Solar Tenders for Cumulative Capacity of 5 MW Updated On Mon, Nov 7th, 2022 by Saurenergy Jharkhand Renewable Energy Development Agency (JREDA) has invited bids for two solar tenders with a cumulative capacity of 5 MW including 2 MW for the grid-connected canal-top solar PV power plant at Sikidiri Canal, and 3 MW for grid-connected rooftop SPV power plants of different capacities on a turnkey basis for government residential buildings anywhere […] Read more
JREDA Issues 3 MW Grid-Connected Rooftop Solar Tender Updated On Fri, Nov 4th, 2022 by Saurenergy Jharkhand Renewable Energy Development Agency (JREDA) has invited bids for 3 MW grid-connected rooftop SPV power plants of different capacities on a turnkey basis for government residential buildings anywhere in Jharkhand. The last date for submitting the online bid is November 21, 2022, till 05:00 pm. Bids will be opened on November 23, 2022, at […] Read more
