UK’s Zouk Capital Acquires Majority Stake in Italy’s Electric Mobility Utility BE Power
Zouk Capital, an infrastructure and private equity fund manager, based out of the United Kingdom, has acquired a majority stake in BE Power. BE Power is a digital utility active ...
Panasonic Launches EV Charging Service in Delhi-NCR
Japanese electronics giant Panasonic has launched Nymbus, a smart EV charging service in Delhi-NCR region in partnership with electric mobility service providers Smart E and qQuick. In the first phase ...
Relaxing Day-Ahead Scheduling for Co-Located Captive Power Projects Untenable: BERC
The Bihar Electricity Regulatory Commission (BERC) has upheld the provisions of its regulations on the banking of power from fossil fuel and renewable energy-based captive generating projects. The BERC heard ...
Kerala Issues Tenders for 1,500 Electric Buses on Lease
Kerala State Road Transport Corporation (KSRTC) has issued a tender to lease 1,500 electric buses. It has issued three separate tenders for 500 (500*3) electric buses for a period of ...
PGCIL Proposes Blueprint for Solar and Wind Power Evacuation from Western Region
The Power Grid Corporation of India Limited (PGCIL) has come up with a detailed proposal for establishing a transmission system for the evacuation of power from potential solar and wind ...
Power Grid Corporation Helps Restore Power Supply in Cyclone-Ravaged Odisha
After the fury of cyclone Fani subsided, the power supply and infrastructure in Odisha were in total disarray. Reportedly the strongest cyclone to have hit any Indian state in the ...
Himachal Pradesh Prepares to Amend Deviation Settlement Mechanism Regulations
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued draft amendments to its regulation on deviation settlement mechanism. The amendments have been proposed in line with the Central Electricity Regulatory ...
CERC Proposes ₹3.60/kWh as National Average Power Purchase Cost for Open Access
The Central Electricity Regulatory Commission (CERC) has proposed setting up the national average power purchase cost (APPC) at ₹3.60 (~$0.051)/kWh for open access for FY 2019-20. The proposal is up ...
Ather Energy’s Electric Scooter Becomes FAME-II Compliant
Ather Energy, backed by Hero MotoCorp, has announced that their flagship intelligent scooter, Ather 450 is now FAME II compliant and will receive an increased subsidy of ₹27,000 ($386.9). Though the orders for ...
Government Announces List of EV Parts to be Indigenized Under FAME II
The Ministry of Heavy Industries and Public Enterprises has released a revised list of parts which are to be indigenized under the Phased Manufacturing Program (PMP) which falls under the ...
Ratan Tata Invests in Ola Electric Mobility’s Series A Funding
Ola Electric Mobility Pvt Ltd (Ola Electric) has announced that Ratan Tata, the chairman of Tata Sons, has invested an undisclosed amount in the company as part of its Series ...
GERC Not to Impose Additional Surcharge for Open Access Consumers in Gujarat
The Gujarat Electricity Regulatory Commission (GERC) has passed an order stating that no additional surcharge will apply to consumers of four of Gujarat’s DISCOMs for utilizing power through open access ...
Spot Power Price Hovers at ₹3.22/kWh in April 2019, a 19% Dip YoY
The peak power demand in the country touched an all-time high of 176.8 GW in April 2019. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
BHEL Installs First Solar-Based EV Charger Along Delhi-Chandigarh Highway
Bharat Heavy Electricals Limited (BHEL), a Navratna public sector undertaking, has inaugurated a solar-based electric vehicle charger on the Delhi-Chandigarh highway. The charging station, located in Haryana’s Sonepat, is the ...
Gujarat Simplifies Tariff Structure for Electricity Consumers
The Gujarat Electricity Regulatory Commission (GERC) has provided relief to electricity consumers in the state by not increasing the charges paid by them. This welcome decision comes after the commission ...
SBI’s New EV Car Loan Comes with Reduced Interest Rate, Relaxed Repayment Period
In March 2018, the Government of India launched the National E-Mobility Program to achieve 100% e-mobility by 2030. On World Earth Day 2019, SBI announced the launch of India’s first ‘Green ...
Shared Mobility, Correct Vehicle Segment Can Fuel EV Uptake in India, Finds Ola
It would make good business sense to focus on developing EVs in the highest demand and utility sectors in the Indian vehicle market for two-wheelers and three-wheelers according to a ...
CERC Releases its Draft Amendments to Deviation Settlement Mechanism
Following the announcement of the fourth amendment to the deviation settlement in November 2018, the Central Electricity Regulatory Commission (CERC) received complaints from several stakeholders regarding technical and operational constraints ...
10 Drivers of EV Market in India
The Indian government launched the National E-Mobility Program in March 2018 to achieve 100 percent e-mobility by . Since then, the country has taken several policy initiatives to propel the growth ...
India’s Peak Power Deficit During FY 2018-19 Was 0.6%
India’s power supply deficit stood at 0.6% during the financial year (FY) 2018-19, just 0.1% down from the figures reported during FY 2017-18. During FY 2018-19, 1,267,209 million units (MUs) ...
Grid Access Registration Fees Set for DISCOMs, Power Traders, Generating Companies
The Central Electricity Regulatory Commission (CERC) has issued a notification about fees to be collected by Regional Load Despatch Centres (RLDC) from the generating companies, distribution licensees, inter-state transmission licensees, buyers, ...
All India Peak Power Demand Increased 5% Year-over-Year Touching 169 GW in March 2019
In March 2019, the peak demand touched a high of 169 GW pushing power prices up. According to the Indian Energy Exchange (IEX), the all India peak demand touched 169 ...
Venkaiah Naidu Rallies for Smart Grid as a Solution for India’s Renewable Integration
At the inaugural function of GRIDTECH 2019, the Vice President of India, Venkaiah Naidu called for the promotion of new and renewable energy on a bigger scale. He said moving ...
Karnataka’s Shivamogga Smart City Announces Tender for 100 E-Rickshaws
In India, the widely used electric three-wheelers are expected to play a crucial role in last-mile connectivity and reduction in carbon emissions through intelligent mobility. With this in mind, Karnataka’s ...
Low REC Inventory Pulls Trading Numbers Down in March 2019
After surging in February 2019, the trade in solar renewable energy certificates (RECs) declined in March 2019. The decline in the number of RECs traded is a result of low ...
