Haryana Regulator Rejects Captive Generator’s Plea to Adjust Banked Energy Period
The Haryana Electricity Regulatory Commission (HERC) recently rejected a captive power generator's request to adjust the banked energy for one year. The captive power generator should have provided the distribution ...
BluSmart Raises $25 Million in Latest Funding to Expand its Electric Vehicles Fleet
BluSmart, an electric ride-hailing platform, announced a Series A1 round closing to raise $25 million. This was a follow-up to the Series A round in September last year, bringing the ...
Ministry of Power Proposes New Program to Liquidate the Past Dues of DISCOMs
The Ministry of Power (MoP) announced that it is working on a program to mitigate the financial woes of the Distribution Companies (DISCOMs) by liquidating their dues. The delay in ...
Tenders Issued to Develop ISTS Network for Evacuating 18 GW of Renewable Power in Gujarat
REC Power Development and Consultancy Limited (RECPDCL) has issued four global tenders to build interstate transmission systems (ISTS) on a build, own, operate, and transfer basis at Khavda pooling station ...
Electric Scooter Maker Ather Raises $128 Million from NIIFL and Hero MotoCorp
Indian electric two-wheeler company Ather Energy has raised $128 million from the National Investment and Infrastructure Fund’s (NIIF) Strategic Opportunities Fund (SOF) and Hero MotoCorp, in a Series E funding ...
DISCOMs Legally Obligated to Supply 24/7 Uninterrupted Power to Mid-Sized Cities
The Ministry of Power issued a gazette notification that distribution licensees must ensure 24/7 uninterrupted power supply to all the consumers residing in cities with 100,000 or more residents to ...
DISCOM Dues to Renewable Energy Generators Drops to ₹200.44 Billion in April
Distribution companies (DISCOMs) owed renewable generators ₹200.44 billion (~$2.63 billion) in overdue payments (excluding disputed amounts) at the end of April, according to the data released by the Ministry of ...
Peak Power Demand Touches All-Time High of 201 GW
The all-India peak power demand touched an all-time high of 201.066 GW on April 26, 2022, surpassing the peak power demand of 200.539 GW met on July 7, 2021. According ...
Tender Floated for Setting Up 810 EV Charging Stations Along Highways
Convergence Energy Services Limited (CESL) has issued a request for proposal (RfP) from Charge Point Operators for the installation and maintenance of 810 electric vehicle (EV) charging stations for four-wheelers ...
Omega Seiki to Invest $250 Million for an Electric Three-Wheeler Plant in Karnataka
The electric vehicle manufacturing wing of Anglian Omega Group, Omega Seiki Mobility (OSM), announced that it would set up the world's largest electric three-wheeler manufacturing unit in Karnataka with an ...
Government Warns of Heavy Penalties and Mass Recall of EVs Following Battery Fires
Minister of Road Transport and Highways of India Nitin Gadkari has warned that any electric vehicle (EV) company found to be negligent in its manufacturing process will face heavy penalties, ...
Honda to Invest $39 Billion With Focus on EVs, Batteries
Honda Motors has announced that it will invest approximately 5 trillion yen (~$39.84 billion) in electrification and software technologies to accelerate its business globally in the next ten years. The motor ...
Andhra Issues Tariff Order for FY 2023, Introduces A Separate Grid Support Charge
Andhra Pradesh Electricity Regulatory Commission (APERC) has announced tariffs for commercial and industrial consumers for the financial year (FY) 2022-23. The state regulatory body for individual states issues a yearly ...
CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12/kWh
Central Electricity Regulatory Commission (CERC) directed the power exchanges to re-design their bidding software so that members can submit their buy bids at the maximum price of ₹12 (~$0.16)/kWh for ...
EV Ride-Hailing Platform BluSmart Secures ₹2.6 Billion from IREDA for Electric Cars
The Indian Renewable Energy Development Agency Limited (IREDA) approved a loan of ₹2.68 billion (~$35.27 million) to BluSmart Mobility, an electric ride-hailing platform — to buy 3,000 electric cars. The ...
Highest Payment Overdue for Power Generators is from Tamil Nadu and Maharashtra DISCOMs
Distribution companies (DISCOMs) owed renewable generators ₹209.16 billion (~$2.74 billion) in overdue payments (excluding disputed amounts) at the end of March 2022, according to the data released by the Ministry ...
Karnataka Approves Carry Forward of Banked Renewable Energy Until August 2022
The Karnataka Electricity Regulatory Commission (KERC) recently ruled that the energy banked and unutilized as of March 31, 2021, including the carried forward banked energy for the financial year 2020 ...
Over 2,877 EV Charging Stations Approved Under FAME-II Program: MHI
The Ministry of Heavy Industries (MHI) has approved 2877 electric vehicle (EV) charging stations in 68 cities across 25 states and union territories under the second phase of faster adoption and ...
EverSource Capital Buys Majority Stake in EV Operator Lithium Urban
EverSource Capital, a climate impact fund, has announced an investment in Lithium Urban Technologies, an electric vehicles (EV) company, for a majority stake. Lithium Urban operates a fleet of four-wheeler ...
Tender Issued For Grid Modernization and Solar Power Integration in the Maldives
The Republic of Maldives Ministry of Finance, on behalf of the Ministry of Environment, Climate Change and Technology, has issued a request for bids (RfB) for infrastructure works to support ...
DISCOM Dues to Renewable Generators Mount to ₹205.7 Billion at the End of February
Distribution companies (DISCOMs) owed renewable generators ₹205.17 billion (~$2.68 billion) in overdue payments (excluding disputed amounts) at the end of February 2022, according to the data released by the Ministry ...
Green Energy Corridor to Evacuate 20 GW of Renewables to be Completed by FY26
The Ministry of New and Renewable Energy (MNRE) has issued a notification granting approval to implement the Intrastate Transmission System Green Energy Corridor (GEC), Phase-II, in Gujarat, Himachal Pradesh, Karnataka, ...
Ministry of Power Issues Rules to Plan Communication Systems for Transmission Networks
The Ministry of Power (MoP) has formulated guidelines for planning communication systems for new and existing inter-state transmission systems (ISTS) to help define their categories and the corresponding approval procedure ...
Bids Invited for Interstate Transmission System to Evacuate 20 GW of Renewables
PFC Consulting, a wholly-owned subsidiary of Power Finance Corporation (PFC), has invited bids to develop an interstate transmission system (ISTS) to evacuate 20 GW of power from the renewable energy ...
EV Charging Company ChargePoint’s Revenue Up 90% YoY in Q4 FY 2022
U.S.-based electric vehicle (EV) charging network company ChargePoint has released the financial results for the fourth quarter (Q4), and the fiscal year (FY) 2022 ended January 31, 2022. The company ...
