Tamil Nadu DISCOM Demanding Heavy Discounts on Pending Dues: Power Producers
The Association of Power Producers (APP) has complained that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) is forcing them to accept heavy discounts on dues payable. In a letter to ...
Solar Developers Seek Center’s Help for Payment Release by Andhra DISCOMs
The National Solar Energy Federation of India (NSEFI) has requested the Union Power Minister, R.K. Singh, for the release of payments by the Power Finance Corporation (PFC) and REC Limited ...
REC Invites Bids to Set up Transmission System to Evacuate 8.1 GW of Solar in Rajasthan
REC Limited has invited bids to establish transmission systems to evacuate power from solar energy zones (SEZs) in Rajasthan. The invitation has been extended to transmission service providers (TSPs) under ...
Obligated Entities Still Waiting for Renewable Energy Certificates Trading to Resume
Power exchanges have not yet resumed trading renewable energy certificates (REC) as they await the final order from the Appellate Tribunal for Electricity (APTEL), allowing resumption. REC trading has now ...
APTEL’s Stay on REC Trading has Significantly Impacted the Renewable Market: Interview
Renewable energy certificates (RECs) play a vital role in helping companies meet their renewable purchase obligations (RPOs). They encourage the sale and growth of renewable energy and help the country ...
IEX’s Real-Time Market Trades 814 Million Units of Power in October
The Indian Energy Exchange (IEX) announced that its real-time electricity market (RTM) witnessed a total trade volume of 814 million units (MU) of power in October 2020, up 16% from ...
REC Trading Expected to Resume from November 25th
Power exchanges may resume trading renewable energy certificates (REC) on November 25, 2020, after a four-month halt following a stay order by the Appellate Tribunal for Electricity (APTEL) back in ...
PFC Approves Nearly ₹21 Billion for Sterlite’s ISTS Project Connecting West & Northeast
Mumbai-based power transmission company Sterlite Power secured the financial closure for its Vapi II North Lakhimpur Transmission Limited (VNLTL). Sterlite said that the total debt funding of ₹20.7 billion (~$281 ...
Power Ministry Decides to Check High Late Payment Surcharges, Proposes Rules
The Ministry of Power (MoP) has proposed Late Payment Surcharge Rules 2020. The government has noticed the extremely high rate of late payment surcharges prevailing in the sector. It has ...
Power Exchanges Hoping to Resume REC Trading by October End
Power exchanges might resume trading renewable energy certificates (RECs) in October after the Appellate Tribunal for Electricity (APTEL) issued an order postponing their trade early August. Renewable Energy Certificates “REC ...
Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion
REC Ltd, a public infrastructure finance company in India’s power sector, has received the approval to raise its overall borrowing limit to ₹4.5 trillion (~$60 billion). The foreign currency borrowing ...
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters
The Power Finance Corporation Limited (PFC), in a recent filing on the Bombay Stock Exchange (BSE), said that it had approved the infusion of ₹1.5 billion (~$20.4 million) in a ...
LoU from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders
Union Power Minister R.K. Singh has approved the proposal to accept letters of undertaking (LoU) from three non-banking financial institutions that can be used like bank guarantees in renewable tenders ...
Andhra Pradesh Releases ₹9 Billion to Pay NTPC Towards Letter of Credit
The government of Andhra Pradesh approved ₹9 billion (~$123 million) to meet the expenditure of the state distribution companies (DISCOMs) in line with the payment mechanism notified by the central ...
Electricity Tribunal Rules in Favor of Wind Generator, Sets Aside CERC Order
The Appellate Tribunal for Electricity (APTEL) has ruled in favor of a wind developer who sought the tribunal to set aside an order by the Central Electricity Regulatory Commission (CERC) ...
Green Term-Ahead Market Trades Three Million Units in August 2020
The Indian Energy Exchange (IEX) has released the highlights of electricity trading on the platform during August 2020. The trading in the Green Term-Ahead Market (GTAM) commenced on August 21, ...
APTEL Examines Petition Filed Over Wrongly Issued Renewable Energy Certificates
The Appellate Tribunal for Electricity (APTEL) has passed an order asking the National Load Despatch Center (NLDC) to revoke and cancel erroneously issued renewable energy certificates (RECs) to the Andhra ...
REC Invites Bids to Install a 1 MW Rooftop Solar System for Punjab Institute of Sports
REC Foundation issued a tender calling project management agencies (PMA) to set up a 1 MW grid-connected rooftop solar system for Punjab State Institute of Sports (PIS) in Mohali. The ...
PFC and REC Get Relaxation on Loan Disbursal for DISCOMs under UDAY Program
The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with managing the liquidity crisis of the ...
Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package
REC Limited, formerly called the Rural Electrification Corporation Limited, reported that it had sanctioned over ₹300 billion (~$4 billion) to distribution companies (DISCOMs) in the country as of July 31, ...
Trading of Renewable Energy Certificates Stands Postponed by Four Weeks
The Appellate Tribunal for Electricity (APTEL) has issued an order postponing the trading of renewable energy certificates (RECs) scheduled for July 29 by four weeks. If the validity of any ...
CERC Orders Issue of RECs to Renewable Developer That Was Denied Due to Procedural Delays
The Central Electricity Regulatory Commission (CERC) has directed the National Load Despatch Center (NLDC) to issue renewable energy certificates (RECs) due to a renewable generator. The certificates were not issued ...
Solar Association Asks ₹50 Billion Fund Allocation for Cash-Strapped Andhra DISCOMs
The National Solar Energy Federation of India (NSEFI) has requested the Union Power Minister R.K. Singh to set aside ₹50 billion (~$666.2 million) from the distribution companies (DISCOMs) liquidity package ...
CERC Removes Floor Prices for Solar and Non-Solar RECs
The Central Electricity Regulatory Commission (CERC) has issued an order implementing revised forbearance and floor prices for solar and non-solar renewable energy certificates (RECs). In its order, the Commission implemented ...
Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices
The Supreme Court of India has dismissed an appeal by the Green Energy Association (GEA) seeking a stay order on the Central Electricity Regulatory Commission’s (CERC) order to reduce the ...
