Brushing aside canards being spread by certain lobbies against reforms, Power Minister R K Singh on Friday said the only challenge left is to make the sector viable through efforts like amendments in the Electricity Act and revising tariff policy. “India is a power surplus nation. We are well connected (in terms of power transmission). […]
Bloomberg Philanthropies and BloombergNEF (BNEF) on Friday released “India’s Clean Power Revolution,” a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market – and a model country for others looking to leverage low-carbon investments in their Covid-19 economic recovery strategy. The report outlines how India’s rapid […]
Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an […]
Renewable energy developers having a significant exposure to third-party power purchase agreements remain exposed to regulatory risks as open access charges in such pacts are likely to increase to mitigate the cash flow issues of discoms in the wake of COVID-19 pandemic, says Icra. Third party PPA refers to an arrangement where a renewable energy […]
Oil and Natural Gas Corporation Limited (ONGC) and NTPC ltd are planning to set up a Joint Venture Company for Renewable Energy business. The two Maharatnas entered into a Memorandum of Understanding (MoU) on 21 May 2020 in Delhi to formalize this arrangement. The MoU will enable both companies to achieve their targets in Renewable […]
Clean energy consultancy Bridge To India in its new report said that India added about 715 mega watt (MW) of utility scale solar capacity in January-March 2020, down 67 per cent from 2163 MW during the same period last year. The firm noted-the country added 328 MW of utility scale wind capacity in the quarter […]
As the lockdown continue across the country because of COVID 19 breakout , the Ministry of New and Renewable Energy (MNRE) has decided to extend the date for submission of EoIs for evaluation of Component A and C of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme. The new deadline set by […]
COVID-19 led lockdown the all-India energy demand in March this year decreased 8.9% yoy to 98.8 billion units (BU) while energy supply decreased 9.2% yoy, resulting in the energy deficit remaining at 0.4% (March 2019: 0.4%), noted India Ratings and Research in its new report. Despite a reduction in power demand in March 2020, the […]
The power ministry on Monday extended the deadline for submission of stakeholders’ comments on the draft Electricity Amendment Bill by four weeks till June 5. The ministry had circulated the draft bill on April 17, 2020 with a deadline to submit comments in three weeks till May 8. “This Ministry has received requests from various […]
The Andhra Pradesh (AP) government is reportedly planning to launch a new export policy in a bid to promote renewable energy projects. According to ET the new export policy will allow the state to export power without obligation to discoms. The renewable energy projects will be designed for a combination of pumped hydro storage, solar […]
