Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

REC Limited, an infrastructure finance company involved in financing power projects, is seeking the approval of shareholders to raise ₹850 billion (~$11.63 billion) through the private placement of bonds or ...
/ / Finance and M&A, Other
Renewables Could Meet All Power Demand in Australia at Certain Times by 2025 AEMO

Renewables Could Meet All Power Demand in Australia at Certain Times by 2025: AEMO

Australia’s mainland National Electricity Market (NEM) states could have sufficient renewable energy resources available in 2025 to meet the cumulative power demand of consumers in certain periods, Australian Energy Market ...
/ / Other, Renewable Energy
Odisha DISCOMs and GRIDCO to Auction Surplus Power to Industries in the State

Odisha DISCOMs and GRIDCO to Auction Surplus Power to Industries in the State

The Odisha Electricity Regulatory Commission (OERC) directed Grid Corporation of Odisha (GRIDCO) to find a reasonable tariff to sell surplus power to industries in the state by following a transparent ...
/ / Grid, Market & Policy
Solar Value Down by 37% in California Due to Value Deflection: Report

Solar Value Down by 37% in California Due to Value Deflection: Report

The value of solar has fallen by about 37% compared to other power generation sources in California, said The Breakthrough Institute in its latest report. The report said California’s 20% power comes ...
/ / Markets & Policy, Solar
Great Indian Bustard and the Renewable Energy Sector - How to Save Both

Great Indian Bustard and the Renewable Energy Sector – How to Save Both

Uncertainty looms over the future of renewable power projects in Rajasthan following the Supreme Court order which says that power lines in the region be shifted underground, as electrocution was ...
Three-Month Extension Granted to Power Transmission Projects Affected by Covid-19

Three-Month Extension Granted to Power Transmission Projects Affected by Covid-19

In an important announcement, the Ministry of Power (MoP) has granted an extension of three months to all interstate transmission projects under construction, with the scheduled commercial operation date (SCOD) ...
/ / Grid, Market & Policy
Karnataka Regulator Reduces Tariff for a 20 MW Delayed Solar Project

Karnataka Regulator Reduces Tariff for a 20 MW Delayed Solar Project

The Karnataka Electricity Regulatory Commission (KERC), in a recent order, ruled that ACME Kudligi Solar was liable for a reduced tariff of 80% of the quoted tariff and liquidated damages ...
ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44kWh Tariff

ACME Solar Withdraws Termination Petition for 600 MW Project with ₹2.44/kWh Tariff

The Central Electricity Regulatory Commission (CERC), in a recent order, asked the subsidiaries of ACME Solar developing 600 MW of solar projects in Rajasthan to submit the current status of ...
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
/ / Finance and M&A, Other
Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

Bank Guarantee of a 300 MW Wind Project Stuck Under Regulatory Procedures

The Central Electricity Regulatory Commission (CERC) has reserved its judgment, in reply to a petition filed by ReNew Power and its three subsidiaries on submitting a fresh bank guarantee to ...
/ / Other, Wind
CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

CERC Asks PGCIL Not to Encash Bank Guarantees of Terminated Wind Projects

The Central Electricity Regulatory Commission (CERC), responding to ReNew Power’s petition, has directed the Power Grid Corporation of India Limited (PGCIL) not to encash bank guarantees submitted towards its wind ...
/ / Other, Wind
Solar Developer Seeks CERC’s Help to Align Long-Term Access with Project Commissioning

Solar Developer Seeks CERC’s Help to Align Long-Term Access with Project Commissioning

Independent power producer Azure Power had recently approached the Central Electricity Regulatory Commission (CERC), seeking a deadline extension from Power Grid Corporation of India Limited (PGCIL) to lay the transmission ...
/ / Markets & Policy, Solar
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
/ / Finance and M&A, Solar
Transmission Infrastructure Crucial to Support Growing Solar Capacity

Transmission Infrastructure Crucial to Support Growing Solar Capacity

The pandemic was just one of the issues that pushed the solar back last year. The industry faced several other impediments coming in the way of project development. One of ...
/ / Grid, T&D
Solar Project Development in India_ A Long Road Towards an Ambitious Target

Solar Project Development in India: A Long Road Towards an Ambitious Target

India's cumulative installations breached the 40 GW mark, according to Mercom India Research. The total installations comprised 34.9 MW of utility-scale solar installations, and the rooftop segment accounted for 5.1 ...
Contract Performance Guarantee for Power Transmission Projects Reduced by Over 60%

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 ...
/ / Grid, T&D
Power Ministry Favors Tariff-Based Competitive Bidding for Intrastate Transmission

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 ...
/ / Grid, T&D
PGCIL

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 ...
/ / Grid, T&D
Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects

Committee on Energy Asks For Single Window Clearance for Rooftop Solar Projects

The Parliamentary Standing Committee on Energy has said that the Ministry of New and Renewable Energy (MNRE) will find it difficult to install 175 GW of renewable energy capacity by ...
/ / Markets & Policy, Solar
IndiGrid To Acquire Transmission Project from Sterlite Power for ₹46.25 Billion

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 ...
/ / Grid, T&D
India-AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

India, AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

The Government of India and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement for $304 million (~₹21.9 billion) to develop the 'Assam Intra-State Transmission System Enhancement' project ...
/ / Grid, T&D
Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Renewable energy projects commissioned on or before June 30, 2023, have a waiver on inter-state transmission system (ISTS) charges and losses. But most of these projects are yet to sign ...
PGCIL Bags Two Transmission Projects to Evacuate 8.1 GW of Solar Power

PGCIL Bags Two Transmission Projects to Evacuate 8.1 GW of Solar Power

Power Grid Corporation of India (PGCIL), a state-owned power transmission company, has bagged two power transmission projects in Rajasthan through tariff-based competitive bidding. These projects are built to evacuate 8.1 ...
/ / Grid, T&D
PGCIL Bags Three Transmission Projects to Evacuate 8.1 GW of Solar Power

PGCIL Bags Three Transmission Projects to Evacuate 8.1 GW of Solar Power

Power Grid Corporation (PGCIL) of India, a state-owned power transmission company, has bagged three power transmission projects in Rajasthan through competitive bidding. These are built to evacuate 8.1 GW of ...
/ / Grid, T&D
Daily News Wrap-up_ Adani Green Commissions 100 MW of Solar Projects in Uttar Pradesh

Daily News Wrap-Up: Adani Green Commissions 100 MW of Solar Projects in Uttar Pradesh

Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar Energy Four, a subsidiary of Adani Green Energy, has commissioned 100 MW of solar projects ...
/ / Other, Renewable Energy