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 ...
Experts Shed Light on Technologies That Can Turn Rooftop Solar into Appreciating Assets

Experts Shed Light on Technologies That Can Turn Rooftop Solar into Appreciating Assets

The rooftop segment with nearly 4 GW of installations, is way off the target of 40 GW set by the government for December 2022. The rooftop market saw a steep ...
/ / Rooftop, Solar
Advanced PV Technologies Turn Rooftop Solar Systems into Profitable, Long-lasting Assets

Advanced PV Technologies Turn Rooftop Solar Systems into Profitable, Long-lasting Assets

Rooftop solar installations are slowly making inroads in India lately as compared to many developed nations where the deployments are far larger in scale. Rooftop solar’s potential has been marred ...
/ / Rooftop, Solar
CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020

CERC Extends Validity of Expiring Solar and Non-Solar RECs to October 31, 2020

The Central Electricity Regulatory Commission (CERC) has passed an order extending the validity of renewable energy certificates (RECs) to avoid demand-supply imbalances in the REC market. It extended the validity ...
CERC Accepts Two-Day Delay, Allows Issue of Pending RECs to ITC

CERC Accepts Two-Day Delay, Allows Issue of Pending RECs to ITC

The Central Electricity Regulatory Commission (CERC) has issued an order directing the National Load Despatch Center (NLDC) to accept a procedural delay and allow the issue of 1,585 Renewable Energy ...
Traded Volumes of Solar RECs Witness 45% Decline in November 2019

Traded Volumes of Solar RECs Witness 45% Decline in November 2019

In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
/ / Markets & Policy, Solar
Gujarat Commission Sets Average Pooled Purchase Cost for Various Licensees

Gujarat Commission Sets Average Pooled Purchase Cost for Various Licensees

The Gujarat Electricity Regulatory Commission (GERC) has determined the average pooled purchase cost (APPC) for various licensees from the financial year (FY) 2014-15 to FY 2018-19. The Indian Wind Power ...
/ / Wind
October’s Solar REC Trading Sees Record High Price of ₹2,400

October’s Solar REC Trading Sees Record High Price of ₹2,400

In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
/ / Markets & Policy, Solar
Solar REC Price Spikes to a Record ₹2,250 in September 2019

Solar REC Price Spikes to a Record ₹2,250 in September 2019

In September’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded when compared to trading activity in August ...
/ / Markets & Policy, Solar
DISCOMs Can Avail Accreditation Under REC Mechanism_ KERC Draft Amendment

DISCOMs Can Avail Accreditation Under REC Mechanism: KERC Draft Amendment

The Karnataka Electricity Regulatory Commission (KERC) has issued a draft amendment to its guidelines for the procurement of energy through renewable sources. The amendments will allow the inclusion of distribution ...
/ / Other, Renewable Energy
Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

Solar Renewable Energy Certificate Trading Reduces by Half in August 2019

In the August 2019 renewable energy certificate (REC) trading session, there was a significant fall in the number of solar and non-solar RECs that were traded compared to July. A ...
/ / Markets & Policy, Solar
Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

Maharashtra to Procure 500 MW of Wind Energy with a Tariff Cap of ₹2.95/kWh

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued a tender to procure 500 MW of wind power through a competitive bidding process. The distribution company intends to meet ...
/ / Other, Wind