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. More articles from Nithin.

nithin@mercomindia.com

@nithinthomas91

France's Total Sells Stake in 338 MW of Solar and Wind Assets

France’s Total Sells Stake in 338 MW of Solar and Wind Assets

French oil and gas major Total announced its plans to sell parts of its stake in its solar and wind farms to France-based Crédit Agricole Assurances and Banque des Territoires. The value ...
Coimbatore Municipality Issues Tender for a 2 MW Solar Project

Coimbatore Municipality Issues Tender for a 2 MW Solar Project

The Coimbatore City Municipal Corporation (CCMC) has called for bids from contractors for setting up a 2 MW grid-connected solar photovoltaic project in Coimbatore, Tamil Nadu. The funds for the project ...
Renewables Account for 50% of Coca-Cola's Energy Needs in India

Renewables Account for 50% of Hindustan Coca-Cola’s Energy Needs in India

Hindustan Coca-Cola Beverages (HCCB) has announced that 50% of all energy requirements at its factories in the country are being met through renewable power. The company has offset 46,500 tons ...
Tender Issued to Set Up 2 MW of Solar Projects at Agartala Airport in Tripura

Tender Issued to Set Up 2 MW of Solar Projects at Agartala Airport in Tripura

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has invited bids for setting up 2 MW of grid-connected ground-mounted solar photovoltaic projects at the Agartala airport ...
APTEL Provides Interim Relief to Developers in the Scrapped GUVNL 700 MW Solar Auction

APTEL Provides Interim Relief to Developers in the Scrapped GUVNL 700 MW Solar Auction

The Appellate Tribunal for Electricity (APTEL) has directed the Gujarat Urja Vikas Nigam Limited (GUVNL) to extend the validity of bids placed by developers in its scrapped 700 MW solar auction ...
Rising Sun Energy Bags a 190 MW Project in Rajasthan’s Nokh Solar Park From NTPC

Rising Sun Energy Bags a 190 MW Project in Rajasthan’s Nokh Solar Park from NTPC

Rising Sun Energy, a New Delhi-based independent power producer, won 190 MW of solar projects quoting a tariff of ₹2.25 (~$0.031)/kWh in NTPC Limited’s auction for 190 MW of grid-connected ...
SJVN Floats Tender Seeking End-to-End Services for 1 GW of Open Access Solar Projects

SJVN Floats Tender Seeking End-to-End Services for 1 GW of Open Access Solar Projects

SJVN Limited has floated a tender seeking services from firms to arrange for land, connectivity, open access, and power purchase agreements for 1 GW of grid-connected solar projects in the country ...
SolarEdge’s Revenue Inches Up in The Final Quarter of 2020

SolarEdge’s Revenue Inches Up in the Final Quarter of 2020

SolarEdge Technologies, an Israel-based solar inverter provider, announced that its revenue in the fourth quarter of the year ended December 31, 2020 (Q4 2020) was up 6% with $358.1 million ...
Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

The Tamil Nadu Electricity Regulatory Commission (TNERC) has rejected a developer’s plea to extend the commissioning date of a 100 MW solar project in the state. It has also allowed ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap

JSW Announces Sustainability, Renewable Energy Generation Roadmap

Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Tender for 20 MW Solar Project at Faridabad Thermal Power Station Reissued

Tender for 20 MW Solar Project at Faridabad Thermal Power Station Reissued

The Haryana Power Generation Corporation Limited (HPGCL) has reissued a tender for 20 MW of grid-connected solar photovoltaic power projects at Faridabad, Haryana. According to the agency, the tender failed ...
Tender Floated for the Construction of a 6 MW Solar Project in Haryana

Tender Floated for the Construction of a 6 MW Solar Project in Haryana

The Haryana Power Generation Corporation Limited (HPGCL) has floated a tender for 6 MW of grid-connected solar photovoltaic projects at Chandpur in Faridabad, Haryana. Bidders must make an earnest money ...
Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Renewable energy projects commissioned on or before June 30, 2023, have a waiver on inter-state transmission system (ISTS) charges and losses. But most of these projects are yet to sign ...
NTPC Floats EPC Tender for up to 300 MW of Solar Projects in Gujarat

NTPC Floats EPC Tender for up to 300 MW of Solar Projects in Gujarat

NTPC Limited has invited bids for the engineering, procurement, and construction (EPC) of up to 300 MW of grid-connected solar photovoltaic projects along with land in Gujarat. The public sector undertaking ...
Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

Regulator Rules in Favor of Solar Project Developer for Delay in Signing PPA

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) not to encash Avaada Energy's bank guarantee for a delay in signing the power ...
Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s Revenue Up 22% in Q3 FY 2021

Sterling and Wilson Solar’s (SWSL) revenue from operations stood at ₹13.11 billion (~$180.8 million) in the third quarter (Q3) of the financial year 2021 (FY 2021), up 22% from ₹10.76 ...
Assam Floats Tender for 25 MW of Solar Projects at Namrup Thermal Power Station

Assam Floats Tender for 25 MW of Solar Projects at Namrup Thermal Power Station

The Assam Power Generation Corporation Limited (APGCL) has floated a tender for 25 MW of grid-connected solar projects at the Namrup Thermal Power Station. Bidders must make an earnest money ...
Torrent Power's 300 MW Gujarat Solar Tender Oversubscribed

Torrent Power’s 300 MW Gujarat Solar Tender Oversubscribed

Torrent Power Limited’s tender for the purchase of up to 300 MW of power from grid-connected solar projects in Gujarat has been oversubscribed, according to Mercom's sources. Adani Green Energy, ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
/ / Finance and M&A, Grid
West Bengal Reissues Tender for 10 MW of Floating Solar Projects (1)

West Bengal Reissues Tender for 10 MW of Floating Solar Projects

The West Bengal Power Development Corporation Limited (WBPDCL) has reissued a tender to develop 10 MW of grid-connected floating solar projects on ponds at the Sagardighi Thermal Power Project, Murshidabad, ...
/ / Floating Solar, Solar
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power posted a 15.6% rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) on the back of an increase in its operational ...
Tender Issued for 1 MW of Ground-Mounted Solar Project in Haryana

Tender Issued for 1 MW of Ground-Mounted Solar Project in Haryana

The Military Engineering Services (MES) has floated a tender for a 1 MW ground-mounted solar power project at Hisar, Haryana. The estimated cost of the project is ₹60 million (~$823,478) ...
Premier Energies Set to Open a 1.5 GW Solar Manufacturing Facility in Hyderabad

Premier Energies Set to Open a 1.5 GW Solar Manufacturing Facility in Hyderabad

Premier Energies said that it would commission a 1.5 GW solar photovoltaic cell manufacturing facility in the next two months at E-city, Hyderabad, tripling its existing production capacity. The Secunderabad-based ...
/ / Manufacturing, Solar
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...