Author Archives: Saumy Prateek

About Saumy Prateek

Saumy has been with MercomIndia as a staff reporter covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. Saumy can be reached at:

saumy@mercomindia.com

@pratsays

Madras High Court Postpones Safeguard Duty Hearing to March 2, 2018

Madras High Court Postpones Safeguard Duty Hearing to March 2, 2018

The Safeguard Duty case in the Madras High Court will continue to be dragged on for some more time. According to Mercom’s sources in the court, the Madras High Court ...
/ Markets & Policy, Solar
Use of Mislabeled Imported Panels in DCR Projects to be Penalized

Use of Mislabeled Imported Solar Panels in DCR Projects to be Penalized

The Ministry of New and Renewable Energy (MNRE) has issued an order stating that project developers will be penalized for the utilization of imported solar modules to develop projects under ...
/ Markets & Policy, Solar
IREDA Gets a Nod from SEBI to Launch IPO

IREDA Gets a Nod from SEBI to Launch IPO

The Indian Renewable Energy Development Agency (IREDA) has received a green signal from the Securities and Exchange Board of India (SEBI) for the launch of its Initial Public Offering (IPO). Now, ...
/ Markets & Policy, Solar
MNRE Removes DCR Clause from 5 GW Viability Gap Funding Program

MNRE Removes DCR Clause from 5 GW Viability Gap Funding Program

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of Viability Gap Funding (VGF) program to develop 5 GW of grid-connected solar photovoltaic (PV) ...
/ Markets & Policy, Solar
KREDL Extends Bid Submission Deadline for 1.2 GW Solar Tender Up to March 5, 2018

KREDL Extends Bid Submission Deadline for 1.2 GW Solar Tender Up to March 5, 2018

The Karnataka Renewable Energy Development Limited (KREDL) has extended the bid submission deadline for its 1,200 MW grid-connected solar photovoltaic (PV) project tender. Project developers can now submit their bids ...
/ Solar, Tenders & Auctions
Telangana Issues Empanelment Tender for Rooftop Solar Projects

Telangana Issues Empanelment Tender for Rooftop Solar Projects

Telangana State Renewable Energy Development Corporation (TSREDCO) has issued a tender for the empanelment of rooftop solar installers in the state. The tender covers rooftop solar projects of capacities ranging ...
/ Solar, Tenders & Auctions
Afghanistan’s Power Utility Enters PPAs for 30 MW Grid-Connected Solar Projects

Afghanistan’s Power Utility Enters PPAs for 30 MW Grid-Connected Solar Projects

The national power utility of Afghanistan, Da Afghanistan Breshna Sherkat (DABS), has entered Power Purchase Agreements (PPAs) for the purchase of power from two grid-connected solar PV projects. The two ...
/ Markets & Policy, Solar
Karnataka High Court Puts Stay on KREDL’s 860 MW Solar Auction

Karnataka High Court Puts Stay on KREDL’s 860 MW Solar Auction

The Karnataka High Court has put a stay on the 860 MW grid-connected solar photovoltaic (PV) project tender auctioned by Karnataka Renewable Energy Development Limited (KREDL). The High Court’s order ...
/ Solar, Tenders & Auctions
AT&C Losses Increased in Many States Under UDAY Program in 2017

AT&C Losses Increased in Many States Under UDAY Program in 2017

The aggregate technical and commercial (AT&C) losses for the states and union territories under the Ujwal DISCOM Assurance Yojana (UDAY) program increased in the past one year, according to government ...
/ Markets & Policy, Other
Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia

Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia

Equis Energy, a renewable energy independent power producer (IPP), has achieved financial closure for the 127 MW Tailem Bend solar photovoltaic (PV) project in southern Australia. The construction work for ...
/ Finance and M&A, Solar
Maharashtra’s New Textile Policy Promotes Utilization of Renewable Energy Sources

Maharashtra’s New Textile Policy Promotes Utilization of Renewable Energy Sources

The state government of Maharashtra has issued a new textile policy in a bid to make the state’s textile industry more profitable in the coming years. The new textile policy ...
/ Markets & Policy, Solar
KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

KSERC Sets ₹3.90/kWh as Interim Tariff for Power Purchased from IREDA

The Kerala State Electricity Regulatory Commission (KSERC) has approved ₹3.90 (~$0.062)/kWh as the interim tariff for the electricity supplied from the 50 MW Kasargod Solar Park set up in Ambalathara ...
/ Markets & Policy, Solar
MNRE Extends Project Commissioning Timeline for NREDCAP’s 30 MW Rooftop Solar Projects

MNRE Extends Project Commissioning Timeline for NREDCAP’s 30 MW Rooftop Solar Projects

The Ministry of New and Renewable Energy (MNRE) has extended the project commissioning timeframe for 30 MW of grid-connected rooftop solar photovoltaic (PV) projects which are under development in the ...
/ Markets & Policy, Solar
Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Odisha Removes Upper Limit of 1 MW for Net-Metered Rooftop Solar Projects

Odisha Electricity Regulatory Commission (OERC) has removed the upper cap of 1 MW for rooftop solar projects in the state. The removal of the upper ceiling was part of the ...
/ Markets & Policy, Solar
Gujarat provides Subsidy to 2,000 Consumers for Purchasing Two-Wheeler EVs

Gujarat Provides Subsidy to 2,000 Consumers for Purchasing Two-Wheeler EVs

Around 2,000 people have been provided subsidies for the purchase of two-wheeler Electric Vehicles (EVs) in the state of Gujarat. Each beneficiary has been provided a subsidy of 10,000 (~$156) ...
/ Electric Vehicles, Energy Storage
NLC India Scraps 20 MW Solar With Battery Energy Storage System Auction

NLC India Scraps 20 MW Solar With Battery Energy Storage System Auction

Neyvveli Lignite Corporation (NLC) India has scrapped the auction of 20 MW solar with battery energy storage system (BESS) that was conducted by it in October 2017. When contacted after ...
/ Energy Storage, Tenders & Auctions
Government Unlikely to Announce Pan-India Policy Framework for EV Industry

Government Unlikely to Announce Pan-India Policy Framework for EV Industry

The Electric Vehicle (EV) industry is still in its nascent stage in the country and needs a push from the government to gain some momentum and move forward in the ...
/ Electric Vehicles, Energy Storage
Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Cleantech Solar to Develop 27 MW Rooftop Solar PV Projects in Asia

Cleantech Solar, a Singapore-based solar project developer, has announced that it will develop rooftop solar photovoltaic (PV) projects aggregating 27 MW in three Asian countries. The company recently inked Power ...
/ Markets & Policy, Solar
Ministry of Power Waives ISTS Charges for Wind and Solar Projects Commissioned up to 2022

Ministry of Power Waives ISTS Charges for Wind and Solar Projects Commissioned up to 2022

The Ministry of Power has issued an order stating that no interstate transmission charges and losses will be levied on solar and wind power projects commissioned up to March 31, ...
/ Markets & Policy, Solar
Assam to Provide 70% Central Financial Assistance for 14 MW Rooftop Solar Projects

Assam to Provide 70% Central Financial Assistance for 14 MW Rooftop Solar Projects

The Assam Energy Development Agency (AEDA) will provide Central Financial Assistance (CFA) of 70 percent for the development of grid-connected rooftop solar photovoltaic (PV) projects across the state. The AEDA ...
/ Rooftop, Solar
West Bengal Tenders a 5 MW Grid-Connected Floating Solar PV Project

West Bengal Tenders 5 MW Grid-Connected Floating Solar PV Project

The West Bengal Power Development Corporation Limited (WBPDCL) has tendered a 5 MW, grid-connected floating solar photovoltaic (PV) project to be developed in the district of Murshidabad. The bid-submission deadline ...
/ Solar, Tenders & Auctions
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewables Business Profit Jumps to ₹720 Million in Q3 FY2018

Tata Power reported Q3 consolidated net profit of ₹6.12 billion (~$95.32 million), slightly below compared to the same quarter last year of ₹6.19 billion (~$96.41 million). Underlying earnings before interest, ...
/ Markets & Policy, Solar
600 MW of Solar Projects Synchronized to the Grid at Karnataka’s Pavagada Park

600 MW of Solar Projects Synchronized to the Grid at Karnataka’s Pavagada Park

Solar projects aggregating 600 MW have been grid-synchronized at the Pavagada Solar Park in Karnataka’s Tumkur district so far, bringing the park one step closer to reaching its full planned ...
/ Solar, Utility Scale
KERC Proposes Lower Benchmark Tariff of ₹2.79/kWh for New Solar Projects in Karnataka

KERC Proposes Lower Benchmark Tariff of ₹2.79/kWh for New Solar Projects in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has proposed a tariff of ₹2.79 (~$0.043)/kWh for new, MW-scale, grid-connected solar photovoltaic (PV) projects developed in Karnataka. The proposed utility-scale solar benchmark tariff ...
/ Markets & Policy, Solar
Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2 GW Auction

Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2,000 MW Auction

The Solar Energy Corporation of India (SECI) has successfully auctioned 2 GW of Inter-State Transmission system (ISTS)-connected wind projects under Tranche III. ReNew Power has won the bid to develop ...
/ Other, Wind