Author Archives: Nithin Thomas Prasad

About Nithin Thomas Prasad

Nithin is a staff reporter at Mercom India. Previously with Reuters News, he has covered oil, metals and agricultural commodity markets across global markets. He has also covered refinery and pipeline explosions, oil and gas leaks, Atlantic region hurricane developments, and other natural disasters. Nithin holds a Masters Degree in Applied Economics from Christ University, Bangalore and a Bachelor's Degree in Commerce from Loyola College, Chennai.

nithin@mercomindia.com

@nithinthomas91

ArcelorMittal Looks for IPPs to Set up Solar Projects at 6 Locations Across South Africa

ArcelorMittal Looks for IPPs to Set up Solar Projects at 6 Locations Across South Africa

ArcelorMittal South Africa, a steel producer, has issued a request for information to recruit independent power producers (IPP) to set up solar power projects at six locations in South Africa ...
REC Limited Disbursed ₹5.24 billion in Loans to Renewable Energy Sector in FY2020

REC Limited Disbursed ₹5.24 Billion in Loans to Renewable Energy Sector in FY2020

REC Limited has reported a 15.2% fall in its net profit during the financial year (FY) ending March 31, 2020, attributing it to market volatility as a result of the ...
Adani Green to Get Refund of ₹1.2 Million for Another 20 MW Solar Project in Karnataka

Adani Green to Get Refund of ₹1.2 Million for Another 20 MW Solar Project in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has issued an order directing the Mangalore Electricity Supply Company Limited (MESCOM) to refund a penalty of ₹1.2 million (~$15,950) to Adani Green Energy ...
SECI’s 2 GW Solar Auction Gets India a New Record-Low Tariff of ₹2.36_kWh

SECI’s 2 GW Solar Auction Gets India a New Record-Low Tariff of ₹2.36/kWh

The Solar Energy Corporation of India's (SECI) latest auction saw a record low bid of ₹2.36 (~$0.0313)/kWh. The auction was conducted for 2 GW of the interstate transmission system (ISTS) ...
Tata Power Set to Develop 100 MW of Solar Projects in Maharashtra

Tata Power Set to Develop 100 MW of Solar Projects in Maharashtra

Tata Power announced that its subsidiary, Tata Power Renewable Energy Limited (TPREL), has received a letter of award (LoA) to develop 100 MW of solar projects in Maharashtra. The projects ...
Hearing on Continued Imposition of Safeguard Duty on Solar Imports Rescheduled

Hearing on Continued Imposition of Safeguard Duty on Solar Imports Rescheduled

The Director-General of Trade Remedies (DGTR) has rescheduled the oral hearing to discuss the continued imposition of safeguard duty (SGD) on the import of solar cells and modules to India ...
Kerala Invites Bids for a Waste to Energy Project in Ernakulam

Kerala Invites Bids for a Waste to Energy Project in Ernakulam

The Kerala State Industrial Development Corporation Limited (KSIDC) has invited bids to develop a solid waste management project integrated with a waste-to-energy plant with a minimum processing capacity of 300 ...
Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Reports Slump in Revenues and Profits in FY 2020

Sterling and Wilson Solar Limited, a solar engineering, procurement, and construction (EPC) company, has reported lower revenue, profit, and earnings before income, tax, depreciation, and amortization (EBITDA) for the year ...
MNRE To Allow Installation of Innovative Solar Pump Technologies In Test Mode

MNRE To Allow Installation of Innovative Solar Pump Technologies In Test Mode

The Ministry of New and Renewable Energy (MNRE) has issued guidelines for installing innovative standalone solar pumps to promote technological innovation in the sector. These guidelines pertain to solar pump ...
SunEdison Restructures Its Rooftop Solar Business

SunEdison Restructures Its Rooftop Solar Business

SunEdison Infrastructure Limited, a Chennai-based renewable energy company, has entered into a framework agreement to restructure and transfer under-construction commercial and industrial (C&I) and other businesses of the company to ...
/ / Rooftop, Solar
Uttar Pradesh Issues Tender for Procuring 20 MW of Bagasse-Based Power

Uttar Pradesh Issues Tender for Procuring 20 MW of Bagasse-Based Power

The Uttar Pradesh Power Corporation Limited (UPPCL) has issued a request for proposal (RfP) for procuring 20 MW of power for ten years from bagasse-based projects. The procurement will help ...
/ / Biofuel, Other
Infosys Signs Climate Pledge to Become Carbon Neutral by 2040

Infosys Signs Climate Pledge to Become Carbon Neutral by 2040

Infosys, an Indian information technology company, has signed up for ‘The Climate Pledge,’ committing to achieve net-zero carbon emissions across its businesses by 2040, according to a statement from U.S.-based ...
Rajasthan Tenders 1.6 MW of Rooftop Solar With Locally Made Modules

Rajasthan Tenders 1.6 MW of Rooftop Solar With Locally Made Modules

The Rajasthan State Agricultural Marketing Board (RSAMB) has floated a tender for about 1.6 MW of grid-tied rooftop solar systems to be set up at various locations in the state ...
ReNew Power to be Compensated for Impact of Safeguard Duty on its 250 MW Solar Project

ReNew Power to be Compensated for Impact of Safeguard Duty on its 250 MW Solar Project

The Maharashtra Electricity Regulatory Commission (MERC) has ruled that ReNew Solar Power Private Limited is eligible for claiming compensation for the additional expenses incurred due to the imposition of safeguard ...
Anti-Dumping Duty Imposed on Coated Flat Products Used in Solar Mounting Structures

Anti-Dumping Duty Imposed on Coated Flat Products Used in Solar Mounting Structures

The Ministry of Finance (MoF) has imposed an anti-dumping duty on aluminum and zinc coated flat products from China PR, Vietnam, and Korea RP to protect the domestic industry. These ...
SECI’s 2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 3.28 GW

SECI’s 2 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 3.28 GW

The Solar Energy Corporation of India’s (SECI) recent tender for 2 GW of the interstate transmission system (ISTS) connected solar projects (Tranche IX) has garnered a lot of interest from developers ...
Developer Allowed to Invoke Force Majeure for Delayed Solar Project Due to COVID-19

Developer Allowed to Invoke Force Majeure for Delayed Solar Project Due to COVID-19

Amid the COVID-19 crisis, the Maharashtra Electricity Regulatory Commission (MERC) has exempted ACME Heergarh Powertech Private Limited from its contractual obligations under force majeure provision of its power purchase agreement ...
Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects

Cleantech Solar Receives $75 Million Green Loan to Help Set Up 500 MW of Solar Projects

Cleantech Solar, a Singapore-based commercial and industrial (C&I) focused solar developer, announced that it received a green loan of $75 million (~₹5.67 billion) from the Singapore branch of the ING Bank ...
Tata Power Installs 200,000 Smart Meters in the National Capital

Tata Power Installs 200,000 Smart Meters in the National Capital

Tata Power Delhi Distribution Limited (TPDDL) announced that it installed 200,000 smart meters across its consumer segments. It supplies electricity to a population of seven million in North Delhi, with 1.7 ...
MNRE Announces Extension to its Waste to Energy Program

MNRE Announces Extension to its Waste to Energy Program

The Ministry of New and Renewable Energy (MNRE) has announced that its waste-to-energy program would be extended beyond March 31, 2020. It said that the program would continue without any ...
/ / Biofuel, Other
2022 Deadline for ISTS Waiver Not Enough for Solar Projects Stuck in Limbo Amid COVID-19

2022 Deadline for ISTS Waiver Not Enough for Solar Projects Stuck in Limbo Amid COVID-19

The coronavirus crisis has disrupted the momentum in all segments of the renewable industry. The Ministry of Power’s (MoP) waiver on Interstate Transmission System (ISTS) charge is currently only applicable ...
Indian Railways' 400 MW Solar Tender Comes With Domestic Content Requirement

Indian Railways’ 400 MW Solar Tender Comes With Domestic Content Requirement

The Railway Energy Management Company Limited (REMCL), a joint venture of the Indian Railways and RITES Limited, has published the details of the tender for 400 MW of grid-connected solar ...
CERC Removes Floor Prices for Solar and Non-Solar RECs

CERC Removes Floor Prices for Solar and Non-Solar RECs

The Central Electricity Regulatory Commission (CERC) has issued an order implementing revised forbearance and floor prices for solar and non-solar renewable energy certificates (RECs). In its order, the Commission implemented ...
Top Five States for Utility-Scale Solar Installations [Infographics]

Top Five States for Utility-Scale Solar Installations [Infographics]

During the first quarter of 2020, 886 MW of large-scale solar projects were installed in India, accounting for 82% of overall solar installations, according to Mercom India Research’s Q1 2020 ...
Sri Lanka Receives $100 Million Loan from India for Installing Rooftop Solar Systems

Sri Lanka Receives $100 Million Loan from India for Installing Rooftop Solar Systems

Sri Lanka announced that it had received a $100 million (~₹7.56 billion) loan from the Government of India for installing solar rooftop systems on government buildings. These funds will also ...
/ / Rooftop, Solar