ICRA Stands in Favour of Draft Amendments Proposed in Electricity Act Updated On Wed, May 6th, 2020 by Saurenergy ICRA believes that the draft amendments proposed in the Electricity Act can strengthen the sanctity of power supply contracts and bring reforms in the distribution segment. ICRA Limited, an independent investment information and credit rating agency, has stated that it believes that the draft amendments proposed in Electricity Act, 2003 have the scope to strengthen […] Read more
Renewables Unaffected as Thermal Generation Suffered Amid Lockdown: India Ratings Updated On Wed, May 6th, 2020 by Saurenergy The decrease in demand has seen electricity generation from all sources (excluding renewables) take a hit in March 2020 with thermal generation at the front. According to a new analysis, the power demand in India declined for March and April amid the COVID-19 led lockdown, however, with the decrease in demand, electricity generation from all […] Read more
Time for India to Set up Manufacturing Facilities including EVs: Maxson Lewis Updated On Mon, May 4th, 2020 by Saurenergy These days, the entire world is looking for an option to China. Today, there is a mindset that if someone were to say I am getting the same product from China against from somewhere else, I will go for somewhere else. It is the most fantastic time for India to set up manufacturing facilities in […] Read more
BHEL Opens Tender for Global OEMs to Setup Facilities in India Updated On Mon, May 4th, 2020 by Saurenergy The ongoing coronavirus crisis has raised the wakeup call for global economies to diversify the manufacturing activities, which are concentrated in a single location from a long time. Thus, the situation has thrown up the need in front of global Original Equipment Manufacturers (OEMs), which are largely in China and other countries, to diversify their […] Read more
Vestas Bags Order for two Wind Projects in Complex Terrains of Vietnam Updated On Mon, May 4th, 2020 by Saurenergy Vestas has secured an order in Vietnam for two wind energy projects totalling 64 MW and located in complex mountainous terrain in the Quang Tri province. Vestas has announced that it has secured another order in Vietnam for two wind energy projects totalling 64 MW and located in complex mountainous terrain in the Quang Tri […] Read more
Peak Power Demand Still Down in May, Struggling at 134.7 GW Updated On Mon, May 4th, 2020 by Saurenergy The peak power demand in India has remained low at 134.7 GW, being down by over 26 percent so far in May despite the easing of the nationwide lockdown The peak power demand in India has remained low at 134.7 GW, being down by over 26 percent so far in May. The low has been […] Read more
ACC Okays Appointment of PK Das as CMD, IREDA Updated On Sat, May 2nd, 2020 by Saurenergy The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, has provided its consent for the appointment of Pradip Kumar Das as new Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency (IREDA), a central power financial institution, as per the sources. ACC committee is comprised of the Prime Minister […] Read more
PM Stresses on Attracting Private Investments for Power Sector Updated On Fri, May 1st, 2020 by Saurenergy Prime Minister Narendra Modi on Friday emphasized the need for enforcement of contracts effectively in order to attract private investments for the ailing power sector. He said during a detailed meeting held on the power sector with his team of Ministers. Prime Minister also took stock of the impact of the coronavirus. Narendra Modi also […] Read more
OEMs Diversification Plan from China Intensifies; Eyes New Markets in SE Asia: Report Updated On Fri, May 1st, 2020 by Saurenergy China remained the largest manufacturing hub for power equipment suppliers worldwide. However, coronavirus pandemic has posed a threat to its ambitions to continue to remain as global hotspot for manufacturing, because companies are now evaluating the efficiency and responsiveness of their supply chains to deal with the challenges arisen from the virus outbreak. Thus, diversification […] Read more
