SUBSCRIBE NEWS LETTER

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Surprise! SECI’s ISTS Tender for 1200 MW Gets Bids at Rs 2.54/unit

The tender for the ISTS (Inter-State Transmission System) tranche IV solar projects, that came out in February 2019, has concluded with surprisingly low rates for SECI.  The projects are spread across India and come with the added assurance of SECI ensuring grid connectivity. The tariff ceiling for this tender was set at Rs 2.65/KwH. As […]

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Mahindra Launches Asset Care Company ‘TEQO’ for RE Industry

This newly formed company will provide optimization solutions for renewable energy customers both in India and abroad. The word TEQO is derived from Technology, Quality and Operations. With an aim to accomplish its aspiration to deliver a comprehensive, technology-enabled, asset management solution, Mahindra Partners has launched a technology driven asset care company TEQO. This newly […]

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Vestas Secures its Largest Order in Ukraine For 164 MW Wind Project

Denmark-based wind energy major, Vestas has secured its largest order to date in Ukraine. Long-term customer Vindkraft has placed the order with Vestas for the 164 MW wind project Myrnenska, located in the Kherson region in southern Ukraine. The contract includes supply, installation and commissioning of 39 V150-4.2 MW wind turbines, as well as a 20-year […]

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Azure Power Announces 29% Gain in Revenue For FY 2018-19

Total revenue for Azure Power during the year was Rs 992.6 crore, up by 29% from Rs 770 crore during last year. Azure Power, a leading independent solar power producer in India, has announced its consolidated results and revenue for the fiscal fourth quarter and year ended March 31, 2019. The company generated a revenue […]

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BSES Commissions 1st Smart Public Charging Station in Delhi

BSES Rajdhani Power Ltd. (BRPL) has commissioned its first smart public charging station the ‘Blue Smart Charger’ for electric vehicles in South Extension Part 2. The smart charging station, which can charge two vehicles simultaneously has been set up in partnership between BRPL, Gensol Charge Ltd. and Techperspect. Satyendra Jain, Delhi Power Minister inaugurated the […]

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Move to add Momentum to Charging Station Build Up Coming

Close on the heels of Uttar Pradesh’s policy prescription for charging stations, the central government is set to unveil its own subsidy proposals for all states. The proposal is a follow up to the Fame 2 subsidy proposals, which have shifted the benefits of subsidies to public transport and two-wheelers. The FAME India Scheme (Faster […]

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In New Innings, MNRE Minister Alive To Payments Issue For RE Producers

The statement by the Power and New and renewable energy minister R K Singh that the government is building a payment security mechanism to protect developers from delays on generation payments is to be welcomed, as it shows a rightful recognition of a key issue plaguing the sector.  A pricing squeeze of the sort the […]

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R K Singh Seeks Removal of Priority Sector Lending Limit for RE Sector

Indian Power and new renewable energy minister R K Singh yesterday pitched for removal of priority sector lending limit for green energy projects. In the meeting, it was decided that MNRE would follow up with RBI for removal of the priority sector lending limit for RE sector. This will encourage the Public Sector Banks to […]

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Govt Planning To Open 50-GW Battery Manufacturing Tenders

Two months after the cabinet okayed the National Mission on Transformative Mobility and Battery Storage, the govt is in the process to open tenders to set up 50-GW battery manufacturing base in India The government is planning to issue tenders inviting companies to set up 50-GW battery manufacturing base in India soon. This will form […]

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