The market for Renewable Energy Certificates (RECs), which has been witnessing downturn for the past three years, could be staring at an end soon. While the trading of solar RECs has been stalled for a year now, non-solar ones would last be traded on March 28 because the regulated price band rendered the market unviable. […]
Day: March 26, 2018
Oil import bill to jump 25% to Rs 5.65 trn in FY18 as crude prices surge
India’s oil import bill is likely to jump by a quarter to $87.7 billion in the current fiscal year which ends this weekend as international oil prices have surged. India had imported 213.93 million tonnes (MT) of crude oil 2016-17 for $70.196 billion or Rs 4.7 trillion. For 2017-18, the imports are pegged at 219.15 […]
BHEL wins 75 MW solar photovoltaic plant in Gujarat
State-owned BHEL said today that it has won its largest solar photovoltaic project till date for setting up a 75 MW power plant in Gujarat. The order has been placed by Gujarat Industries Power Company Ltd (GIPCL). “Against stiff competitive bidding, BHEL has won an order for setting up a 75 MW solar photovoltaic (SPV) […]
TN power regulator for curbs on wind power banking as discom losses mount
Captive wind power generators including the mills in Tamil Nadu are likely to face restrictions on banking their excess production with the discoms, as the power regulator has proposed limiting generation to no more than the annual average consumption. Of the 7,900 Mw of wind power capacity in Tamil Nadu, which is the largest in […]