Power Producers Say TANGEDCO Demanding Heavy Discounts on Pending Dues

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 ...
/ / Grid, Market & Policy
Solar Developers Seek Center's Help for Payment Release by Andhra DISCOMs

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 ...
/ / Markets & Policy, Solar
REC Invites Bids to Set up Transmission System to Evacuate 8.1 GW of Solar from Rajasthan

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 ...
/ / Grid, Market & Policy
Obligated Entities Still Waiting for Renewable Energy Certificates Trading to Resume

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

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 ...
/ / Grid, Market & Policy
IEX’s Real-Time Market Trades 814 Million Units of Power in October

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 (1)

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

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 ...
/ / Grid, T&D
Power Ministry Decides to Check Erratic Late Payment Surcharges, Proposes Rules

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 ...
/ / Grid, Market & Policy
Power Exchanges Hoping to Resume REC Trading by October End

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

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 ...
/ / Finance and M&A, Other
PFC and REC to Infuse ₹3 Billion to Set up Backend Infrastructure for Smart Meters

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 ...
/ / Grid, Market & Policy
LOUs from IREDA, PFC, REC to Serve as Bank Guarantees for Solar Tenders

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 ...
/ / Markets & Policy, Solar
Andhra Pradesh Releases ₹9 Billion to Pay NTPC Towards Letter of Credit

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 ...
/ / Grid, Market & Policy
Electricity Tribunal Rules in Favor of Wind Generator, Sets Aside CERC Order

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) ...
/ / Wind
Green Term-Ahead Market Trades Three Million Units in August 2020

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, ...
/ / Markets & Policy, Solar
APTEL Examines Petition Filed Over Wrongly Issued Renewable Energy Certificates

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 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 ...
/ / Solar, Tenders & Auctions
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 distribution companies.

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 ...
/ / Markets & Policy, Solar
Over ₹300 Billion Released by REC Under DISCOMs’ Liquidity Package

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

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

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

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 ...
/ / Grid, Market & Policy
CERC Removes Floor Prices for Solar and Non-Solar RECs

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

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 ...