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State discoms end Force Majeure period, restart power purchasesBy : 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... Read more.. |
MNRE urges Haryana to honour signed green contractsBy : 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’... Read more.. |
Deemed usage charge for not honouring green PPAsBy : 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... Read more.. |
Covid-19 lockdown: States stop renewable power purchase, hold back paymentsBy : 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... Read more.. |
Tariff adoption has become a huge challenge: Azure Power CEOBy : 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... Read more.. |
SECI Scores 9 Bids Worth 3.5 GW in Response to 1.2 GW Solar TenderBy : 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,... Read more.. Subject Tags: PPAs , ReNew Power , renewable energy tenders , Softbank , Solar Energy Corporation of India (SECI) |
Coronavirus outbreak may impact 3GW Indian solar projects worth ₹16,000 croreBy : 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... Read more.. |
MNRE opens facilitation centre for renewable energy investorsBy : 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... Read more.. |
India will have 225 GW of renewable energy capacity by 2022, including large hydro: MNRE SecyBy : 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... Read more.. Subject Tags: hydro projects , Ministry of New & Renewable Energy (MNRE) , PPAs , renewable energy targets |
Govt plans to restrict coal supply to Andhra PradeshBy : 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... Read more.. Subject Tags: Andhra Pradesh Government , coal , foreign investments , Green energy capacity , loans , PPAs , Renewable Energy Certificates |