Spike in Freight Rates Likely to Impact Global Import Prices by 11% Until 2023: UNCTAD
The current surge in container freight rates, if sustained, could increase global import price levels by 11% and consumer price levels by 1.5% between now and 2023, according to UNCTAD's Review ...
Government to Give Purchase Preference to Local Manufacturers in the Power Sector
In an initiative to boost the 'Make in India' program, the Ministry of Power has issued a notification to provide purchase preference for local suppliers in the power sector. Only ...
Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise
The Ministry of Power (MoP) has notified Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, and asked states to allow distribution companies (DISCOMs) to pass on ...
IEX’s Green Market Trades 372 MU of Renewable Energy in October
The Indian Energy Exchange (IEX) traded 372.4 million units (MU) of renewable energy in October 2021, a 31% month-over-month (MoM) decline compared to 543 MU in September. The exchange saw ...
India’s Peak Power Deficit Down from 16.6% in FY 2008 to 0.4% in FY 2021: Ministry of Power
India reduced its peak power deficit from 16.6% in financial year (FY) 2008 to 0.4% in FY 2021, backed by several policy and infrastructure interventions, according to the Ministry of ...
Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview
The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to Mercom's Q2 2021 India Solar ...
DISCOM Dues to Renewable Energy Generators up by 27% at the End of October
Distribution companies (DISCOMs) owed ₹197.12 billion (~$2.64 billion) to renewable energy generators (excluding disputed amounts) in overdue payments at the end of October 2021, according to data released by the ...
Approval Process for Transmission Projects Revised to Expedite Renewable Integration
The Ministry of Power has revised the terms of reference of the National Committee on Transmission (NCT) to fast track the planning and approval of interstate transmission systems (ISTS) projects ...
Empanelment Tender Issued for EV Charging Point Operators Across India
Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest to empanel electric vehicle (EV) charging point operators across India ...
SUN Mobility Raises $50 Million from Vitol for Accelerating EV Infrastructure
Electric vehicle infrastructure and services provider SUN Mobility has raised $50 million from Vitol, a Dutch energy trader and investor in renewable energy companies. The funds raised will be used ...
CESL to Empanel Financial Institutions to Provide Loans for Electric Vehicles
Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of the Energy Efficiency Services Limited (EESL), has invited expressions of interest to empanel financial institutions for financing electric vehicles (EVs) across ...
BluSmart Plans to Expand its EV Fleet to Six Cities in India: Interview
The electric vehicle (EV) sector in India expects high growth in the upcoming years. Several states and union territories, including Delhi, Maharashtra, Gujarat, and Rajasthan, have announced EV policies to support EV adoption. The ...
Bids Invited for 1,200 EVs and Charging Stations in Kerala
The Kerala State Electricity Board (KSEB) has invited expressions of interest (EoIs) for the supply of 200 electric vehicles (EVs) and 1,000 special purpose EVs, along with setting up charging ...
Transmission Line Proposed to Supply 500 MW of Renewable Energy to Reliance Refinery
The Central Electricity Regulatory Commission (CERC) has asked for stakeholder consultation regarding a transmission line to supply an additional 500 MW of renewable energy-based power to Reliance Industries (RIL) Jamnagar ...
Deviation Settlement Mechanism Implementation Begins in Maharashtra
The Maharashtra Electricity Regulatory Commission (MERC) has passed an order to resolve multiple issues relating to the commercial implementation of the Deviation Settlement Mechanism (DSM) Regulations. The Commission notified that ...
Tata Motors to Raise $1 Billion for its Passenger Electric Vehicle Subsidiary
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, and Abu Dhabi Developmental Holding Company (ADQ) have entered into a binding agreement to invest ₹75 billion ...
Power Ministry Mandates Quarterly Energy Audits by DISCOMs to Reduce T&D Losses
The Ministry of Power (MoP) has directed power distribution companies (DISCOMs) to undertake energy accounting periodically to develop a comprehensive energy accounting system to quantify distribution losses. The Bureau of ...
Three Cogeneration Projects in Odisha Exempted from Renewable Purchase Obligation
The Odisha Electricity Regulatory Commission (OERC) has ruled in favor of three captive power generating projects and exempted them from renewable purchase obligation (RPO) compliance if the consumption from the ...
Punjab Open Access Consumers to Pay Additional Surcharge of ₹1.16/kWh Until March 2022
The Punjab State Electricity Regulatory Commission (PSERC) has extended the validity of the additional surcharge of ₹1.16 (~$0.016)/kWh payable by open access consumers until September 30, 2021, to the second ...
Ministry Issues Guidelines for Optimum Utilization of Power Generation Capacity
The Ministry of Power (MoP) has approved the guidelines for optimum utilization of power generation capacity. As per the tariff policy, power generating stations must always be available and ready ...
First Phase of Market-Based Economic Dispatch of Power to Start from April 2022
The Ministry of Power (MoP) has released the framework for implementing the Market-Based Economic Dispatch (MBED) - Phase 1 program to reduce consumers’ power purchase costs by 5%. MBED will ...
Resolution of SEBI-CERC Dispute Will Pave the Way for Reforms – Power Ministry
The Supreme Court has disposed of the long-pending dispute between the Securities and Exchange Board of India (SEBI) and the Central Electricity Regulatory Commission (CERC) regarding regulatory jurisdiction of electricity ...
IEX’s Green-Term Ahead Market Traded 1.68 BU in Q3 2021
The Indian Energy Exchange (IEX) traded 1.68 billion units (BU) of renewable energy in the third quarter (Q3) of the calendar year (CY) 2021. The exchange traded 8.99 BU of ...
EV Adoption, Power Sector Decarbonization Critical in Tackling Air Pollution
Widespread adoption of electric vehicles (EVs) with power sector decarbonization policies will improve net air quality and health benefits in every Indian state by 2040, the International Council on Clean ...
DISCOM Dues to Renewable Generators Rise to ₹154.83 Billion at the End of September
Distribution companies (DISCOMs) owed ₹154.83 billion (~$2.09 billion) to renewable energy generators (excluding disputed amounts) in overdue payments at the end of September 2021, according to data released by the ...
