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State discoms end Force Majeure period, restart power purchases

By : Sustainability ..., Jun 3, 2020

With electricity demand picking up, state power distribution utilities are ending the force majeure period and have restarted power purchases they had earlier suspended. However, private power companies have started exploring legal options to contest non-payment of fixed...

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Subject Tags: coronavirus , DISCOMS , PPAs

MNRE urges Haryana to honour signed green contracts

By : Sustainability ..., Apr 28, 2020

The Ministry of New and Renewable Energy has urged Haryana to honour signed renewable energy contracts and provide them the connectivity they need to start transmitting power. In the past few months, Haryana has been reluctant to give connectivity to 1000 MW of ‘open access’...

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Deemed usage charge for not honouring green PPAs

By : Sustainability ..., Apr 7, 2020

In a move aimed at providing relief to renewable energy producers, the government has said distribution companies that do not honour their power purchase agreements will be charged for 'deemed generation.' Discoms that curtail the use of renewable energy will have to pay...

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Covid-19 lockdown: States stop renewable power purchase, hold back payments

By : Sustainability ..., Apr 2, 2020

Following the lockdown and fall in electricity demand, several states are now curtailing renewable power purchases and have also issued notices on non-payment to generators. These states have invoked Force Majeure clause in their power purchase agreements (PPA) with renewable...

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Tariff adoption has become a huge challenge: Azure Power CEO

By : Sustainability ..., Mar 18, 2020

No longer can renewable energy developers take for granted that the tariffs at which they won projects in auctions will actually be adopted, which is proving a big hurdle for the sector, according to Ranjit Gupta, CEO of leading solar developer Azure Power. The company, which...

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SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar Tender

By : Sustainability ..., Feb 21, 2020

The Solar Energy Corporation of India (SECI) has reported a list of nine bidders who have submitted prospective bids against the nodal agencies 1.2 GW solar tender (ISTS-VIII) which was issued in January. The nine firms that have submitted bids are ReNew Power, Softbank,...

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Coronavirus outbreak may impact 3GW Indian solar projects worth ₹16,000 crore

By : Sustainability ..., Feb 18, 2020

In what may impact India’ green energy trajectory, around 3 giga watt (GW) of solar projects, worth ₹16,000 crore, could be at risk of penalties for missing their project completion deadline if the coronavirus impact prolongs, according to CRISIL. “As per the standard terms...

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MNRE opens facilitation centre for renewable energy investors

By : Sustainability ..., Feb 12, 2020

The Union Ministry of New and Renewable Energy (MNRE) has opened an Industry and Investors’ Facilitation Centre in the Ministry. This will work as a focal point to provide correct and timely information on policies and programmes of the Government and also resolve issues of...

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India will have 225 GW of renewable energy capacity by 2022, including large hydro: MNRE Secy

By : Sustainability ..., Jan 20, 2020

India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, including large hydro projects, Anand Kumar, Secretary at the Ministry of New and Renewable Energy (MNRE), said today. Speaking at an industry event here, Kumar said the ministry...

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Govt plans to restrict coal supply to Andhra Pradesh

By : Sustainability ..., Jan 13, 2020

The Centre is considering restriction of coal supplies and all sanctioned loans and funding to Andhra Pradesh from central public sector units (PSUs) such as Power Finance Corp. Ltd (PFC) and REC Ltd, if the state government refuses to reconsider its decision to revise...

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