IEX’s Green Term-Ahead Market Trades Over 21 MU of Solar Power in March 2021
Driven by an increasing electricity demand across Indian states, the electricity market at the Indian Energy Exchange (IEX) witnessed an all-time high volume of 8,249 million units (MU) in March ...
The Role of DISCOMs in India’s Transition to a Clean Energy Regime
Distribution companies (DISCOMs) should ideally be at the forefront of fulfilling the country's clean energy commitments. However, DISCOMs have remained the weakest link in India's power system. The poor financial ...
National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects
The Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85 (~$0.052)/kWh. The APPC would be applicable during the financial year ...
Andhra DISCOMs Seek ₹30 Billion Loan from PFC and REC to Clear Power Generators’ Dues
Distribution companies (DISCOMs) in Andhra Pradesh have informed the Andhra Pradesh High Court they had sought a loan of ₹30 billion (~$407.95 million) from the Power Finance Corporation (PFC) and ...
DISCOMs’ Outstanding Payments to Renewable Generators Cross ₹123 Billion in February
Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in overdue payments across 206 pending invoices at the end of February 2021, according to ...
Bids Invited for 100 Electric Buses Under Gross-Cost Contract in Maharashtra
The Maharashtra State Road Transport Corporation (MSRTC) has invited bids to select agencies for procurement, operation, and maintenance of 100 electric buses along with allied electrical and civil infrastructure under ...
Tender to Procure Renewable Energy to Charge a Battery Energy Storage System
The Karnataka Renewable Energy Development Ltd (KREDL) has issued an expression of interest (EOI) inviting renewable energy project developers to sell energy (27-30 MWh/day) for seven years. The energy will ...
Transmission Constraint Should Not Restrict Power Generators: Commission to DISCOM
The Rajasthan Electricity Regulatory Commission has directed the Rajasthan Rajya Vidyut Prasaran Nigam (RVPN) to ensure no curtailment of any power generator connected at 132/33 kV Sheo Substation on account ...
Startups Expand Their Footprint in India’s EV Market: Interview
The electric vehicle (EV) sector in India expects high growth in the current year on the back of robust funding received by EV companies in 2020. Companies believe that demand ...
Tata Power, Nexcharge Install Battery-Based Community Energy Storage System in Delhi
Tata Power Delhi Distribution (Tata Power DDL), which supplies electricity to around seven million households in Delhi, has launched India's first grid-connected 'Community Energy Storage System' (CESS) in collaboration with ...
Contract Performance Guarantee for Power Transmission Projects Reduced by Over 60%
The Ministry of Power has reduced the contract performance guarantee for tariff-based competitive bidding transmission projects by more than 60%. The contract performance guarantee will now be charged at the ...
AfDB to Fund $530 Million for Renewables Transmission Projects in Angola
The African Development Bank (AfDB) has committed $530 million to finance a 343 km, 400 kV central-south transmission line connecting the north and south transmission grids in Angola for distributing ...
Unfit 20-Year Old Private Vehicles to be Deregistered Under ‘Vehicle Scrapping Policy’
Speaking in the Lok Sabha, the Minister of Road Transport & Highways, Nitin Gadkari, announced the 'Vehicle Scrapping Policy.' "In the interest of a clean environment and rider and pedestrian ...
Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise
New Delhi-based electric vehicle (EV) maker Euler Motors announced that it had raised an additional $2.6 million in Series A funding from ADB Ventures - the venture investing arm of the Asian ...
Letter of Credit Order Ignored, Andhra DISCOMs Allowed to Buy Power from Spot Market
The Andhra Pradesh High Court, in a recent order, has allowed the distribution companies (DISCOMs) of the state to operate through power exchanges and to secure power through open access ...
Power Ministry Favors Tariff-Based Competitive Bidding for Intrastate Transmission
In a recent notification, the Ministry of Power (MoP) said that as the intrastate transmission systems have a major share in the country, the adoption of tariff-based competitive bidding to ...
Petition Filed to Bring Hydrogen Fuel Cell-Based Electric Vehicles Under FAME Program
In an attempt to bring the hydrogen fuel-based vehicles and infrastructure under the ambit of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program, public interest litigation (PIL) has ...
Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi
New Jersey-based Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ - in New Delhi. The move comes after the parent company aggressively advertised its ...
Emphasis on Electric Vehicles and Solar Projects to Fight Pollution in Delhi Budget
The Delhi Government presented its budget for 2021-22, highlighting several sops for electric vehicles, electric public transportation, and solar projects. The Delhi Government has allocated ₹ 32.27 billion (~$442.18 million) ...
PGCIL Acquires Ramgarh New Transmission to Facilitate 8.1 GW of Solar Power
Power Grid Corporation of India Limited (PGCIL), a state-owned power transmission company, has acquired the Ramgarh New Transmission Limited (RNTL) under Phase II, Part-A of the 'transmission strengthening program' to ...
India’s EV Financing Industry Projected to be $50 Billion by 2030: NITI Aayog
India's transition to electric vehicles (EV) will require a cumulative capital investment of $266 billion (₹19.7 trillion) in EVs, charging infrastructure, and batteries over the next decade, according to a ...
Andhra Pradesh Invites Bids to Procure Electric Two-Wheelers for Government Employees
The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has invited expressions of interest for electric two-wheelers for use by state government employees. Bidders must pay a non-refundable ...
All Government Vehicles in Delhi To Switch to Electric by August 2021 – Nitin Gadkari
All vehicles owned/leased by the Government of the National Capital Territory of Delhi (GNCTD) will transition to electric by August 6, 2021, Minister of Road Transport and Highways (MoRTH) Nitin ...
IndiGrid To Acquire Transmission Project from Sterlite Power for ₹46.25 Billion
Infrastructure investment trust IndiGrid has signed a share purchase agreement to acquire NER–II transmission project from Sterlite Power for about ₹46.25 billion (~$632.9 million). The acquisition would increase IndiGrid's assets ...
Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power
The Bombay High Court has suspended the auction for a 51% equity stake in the power distribution company (DISCOM) for the Union Territory of Dadra and Nagar Haveli and Daman ...
