With Newly Commissioned Solar Projects, Azure Sees a 28% Rise in Revenue in Q2 FY20
Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million
Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its consolidated results for the first half of the financial year (FY) 2020 and the second ...
West Bengal Floats Tender for a 220kV Solar Evacuation Line
The West Bengal Power Development Corporation Limited (WBPDCL) has floated a tender for the extension of a solar power evacuation line at the Sagardighi thermal power project in the state ...
ADB Grants $451 Million Loan to Boost Power Transmission Capacity in Tamil Nadu
The Asian Development Bank (ADB) has sanctioned a $451 million (~₹31.77 billion) loan to the state of Tamil Nadu for a project that will enable better power transfer between the ...
After June’s Dip, Spot Power Price Rises Slightly to ₹3.38/kWh in July 2019
In July 2019, the spot power prices witnessed a surge, rising to ₹3.38 (~$0.048)/kWh. This was a 15% increase month-over-month (MoM) when compared to June 2019, in which spot power ...
Adani To Build Transmission Lines in Gujarat and Rajasthan To Facilitate Renewables
Adani Transmission Ltd has received two Letters of Intent (LoI) to augment the country’s transmission network in the face of surging renewable additions. The first LoI has been issued by ...
Andhra Allocates ₹5.57 Billion Towards Payment Security Mechanism for Power Purchase
The state government of Andhra Pradesh has set aside a sum of ₹5.57 billion (~$79 million) towards payment security mechanism as notified by the government recently. The amount will be ...
Uttarakhand Announces RfP for 52 MW of Grid-Connected Solar Projects
The Uttarakhand Renewable Energy Development Agency (UREDA) has issued a Request for Proposal (RfP) to develop 52 MW of solar projects. The RfP is for the procurement of solar power ...
India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19
Foreign direct investment (FDI) in India’s renewable energy sector has been gradually increasing over the past five financial years. The FDI inflow has increased significantly since the formation of Invest ...
Uttar Pradesh Releases Blueprint for Open Access Power Regulations
As the share of renewable energy in the generation mix is increasing in the Indian states, an increasing number of state regulatory commissions are now either coming up with new open access regulations ...
RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects
Union Power Minister R.K. Singh held a meeting recently in the national capital to review the issues affecting the renewable energy sector. The meeting was attended by various stakeholders including ...
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 ...
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 ...
Spot Power Price Dips to ₹3.08/kWh in February 2019, a 4% Decline YoY
For the second month in a row, the peak power demand in India stood at 162 GW. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé
The Government of the Republic of Maldives has invited investors and developers to install a 5 MW grid-tied solar photovoltaic system in the Greater Malé Region. The scope of work ...
Peak Power Demand in India Increased Year-Over-Year by 4% in January 2019
According to the Indian Energy Exchange (IEX), the all India peak demand touched 162 GW in January 2019, registering a 4 percent increase over the peak demand registered in January ...
Uttar Pradesh to Issue RfS to Procure Bagasse-Based Power at Ceiling Tariff of ₹4.81/kWh
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved amendments to the bidding documents for the procurement of bagasse-based power from generators by the Uttar Pradesh Power Corporation Ltd. (UPPCL) ...
Unscheduled Power Cuts by DISCOMs Will Soon be Penalized, Says R.K. Singh
The Minister for Power R.K. Singh has said that the government will soon approve the Power Tariff Policy which would impose a penalty for unscheduled power cuts by distribution companies ...
India’s Peak Power Supply Deficit Dipped to 0.7% in Q1 FY 2018-19
During the first quarter (Q1) of financial year (FY) 2018-19, India’s power supply deficit declined to 0.6 percent, according to the Central Electricity Authority (CEA). During the three-month period of ...
Spot Power Price Shot Up By 27 Percent in February 2018
The average spot power price recorded in February 2018 shot up by approximately 27 percent when compared to the the price recorded in the same month last year. While the ...
SECI Amends RfS Guidelines for 2 GW ISTS-Connected Wind Tranche-IV Tender
The Solar Energy Corporation of India (SECI) has amended the guidelines for the Request for Selection (RfS) to develop 2 GW of Inter-State Transmission System (ISTS)-connected wind power projects under ...
Power Ministry to Amend Laws Making PPAs & RPOs Mandatory
The Indian government is expected to soon amend laws making obligations under power purchase agreements (PPA) statutory binding, to ensure that all power distribution companies (DISCOMs) have PPAs to cover ...
Maharashtra Becomes 17th State to Join UDAY
Maharashtra has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 17th state to do so. The state is estimated to achieve a net benefit of Rs.97.25 billion ...
With Low Demand and Cheaper Power on Exchanges, DISCOMs Flouting Solar’s ‘Must Run’ Status
According to Mercom Capital Group’s latest report, India Solar Quarterly Market Update, the power deficit numbers in India do not paint the full picture. Though low power deficit and even ...
