Puducherry becomes the first UT to join “UDAY” scheme Updated On Thu, Aug 11th, 2016 by Saurenergy The Union Territory of Puducherry joined the UDAY scheme (Ujwal DISCOM Assurance Yojana) signing MoU with the Government of India for operational turnaround of the Union Territory’s Electricity Department. The MoU (Memorandum of Understanding) was signed in presence of the Minister of State for Power, Coal & New and Renewable Energy & Mines Piyush Goyal. […] Read more
Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years Updated On Tue, Jul 26th, 2016 by Saurenergy Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […] Read more
Government doubles power generation target from solar energy parks Updated On Tue, Jul 19th, 2016 by Saurenergy Centre is gearing up to double the clean energy generation from solar parks to 40,000 MW in the backdrop of slow offtake of rooftop solar and problems being faced by some project developers. PTI citing a senior government official reports that the Ministry of New & Renewable Energy is eager to set up solar park […] Read more
World Bank announces to provide more than $1 billion for India’s solar project Updated On Thu, Jun 30th, 2016 by Saurenergy The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […] Read more
Solar Park in India: Scope, Status, Achievement, and Challenges Updated On Sat, Jun 25th, 2016 by Saurenergy India, with its large population and rapidly growing economy, needs access to clean, cheap and reliable sources of energy. The government with the Jawaharlal Nehru National Solar Mission has been promoting ecologically sustainable growth while addressing India’s energy security challenge. The Government of India’s ambitious plan to add 100 GW of solar capacity by 2022 […] Read more
MNRE invites comments/suggestions/views on Draft National Wind-Solar Hybrid Policy by June 30 Updated On Tue, Jun 14th, 2016 by Saurenergy The Government of India has set an ambitious target of generating 175 GW of renewable energy including 100 GW from solar and 60 GW from wind by the year 2022. So far various policy initiatives have been taken by the government to achieve this target. Studies reveal that solar and winds are nearly complementary to […] Read more
Sufficient RE, Uday & Increased Coal Production are key to Achieve One Nation One Grid One Price: Piyush Goyal Updated On Thu, Jun 9th, 2016 by Saurenergy Power, Coal and New & Renewable Energy Minister, Piyush Goyal at the launch of launch of energy & infrastructure sectors web portal said that the nation doesn’t have the luxury of time; people can’t wait any longer. We have to deliver extraordinary results; we have to meet the aspirations of the people of India fast. […] Read more
Over Rs. 71,200 crore sanctioned for Renewable Energy Sector by Banks & NBFCs since February, 2015 Updated On Mon, Apr 11th, 2016 by Saurenergy Banks & Non-Banking Financial Companies (NBFCs) have sanctioned over Rs. 71,201.54 crore to finance various renewable energy projects and disbursed Rs. 29,529.57 crore against the sanctioned amount since February 2015 till 21 March, 2016. During RE-INVEST 2015, 40 major Banks and Non-Banking Financial Companies (NBFCs) committed to provide debt funding to Renewable Energy Projects aggregating […] Read more
Bihar Sign MoU under “UDAY” Scheme, becomes the Sixth State Updated On Tue, Feb 23rd, 2016 by Saurenergy Bihar to become the sixth state to benefit from the UDAY scheme, as the Government of India, the State of Bihar and the DISCOMs of Bihar (North Bihar Power Distribution Company Limited, and South Bihar Power Distribution Company Limited) signed Memorandum of Understanding (MOU) for operational and financial turnaround of the DISCOMs. Bihar is the […] Read more
