Rajasthan Electricity Regulatory Commission (RERC) on Thursday said that the new net metering norms for rooftop will be effective from July 1, 2021. But it said that the rules will change if the Centre amends them. The Ministry of Power in its Electricity (Rights to Consumers) Rules, 2020 had said that load capacity of above […]
Category: Power
Power
Spain’s Opdenergy to raise 400 mln euros in Madrid IPO
Spanish renewable energy company Opdenergy said on Thursday it will seek to raise 400 million euros ($474.80 million) in an initial public offering on the Madrid stock market to finance new solar and wind power projects. Rising demand for environmentally-friendly investments has prompted a series of IPOs in Spain as rivals, including heavyweights Acciona and […]
JERC turns down UT’s plea on implementing Resco model for solar power plants
The Joint Electricity Regulatory Commission (JERC) has turned down the UT administration’s plea of implementing the Renewable Energy Service Company (RESCO) model for solar plants installation in the city. After JERC’s decision, the UT administration has now decided to file a review petition before the power regulatory body. The Chandigarh Renewable Energy and Science and […]
Tata Power gains after solar unit expands manufacturing capacity
Tata Power added 0.76% to Rs 105.45 after the company said its subsidiary Tata Power Solar has doubled its manufacturing capacity of cells and modules to 1,100 MW. Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, announced a significant expansion of its manufacturing facility in Bengaluru, taking the total production capacity of cells […]
Maharashtra govt trying to slash power tariff: Nitin Raut
Maharashtra Energy Minister Nitin Raut on Tuesday said the state government was trying to reduce the electricity tariff. He also said that electricity bills should be based on the actual meter reading. Raut appealed to power consumers to send their meter readings to the Mahavitaran company on their own during the pandemic and clear the […]
Ladakh begins carbon neutral drive with 50 MW solar storage plant
Ladakh begins its quest for carbon-neutral status with a first-of-its-kind battery storage-based solar project of 50-megawatt capacity to make Leh, the union territory’s nerve centre, self-sufficient in power. SECI, the central agency implementing the National Solar Mission, and Ladakh Autonomous Hill Development Council on Tuesday signed land agreement for the project that will supply power […]
Flipkart partners with Mahindra Logistics to accelerate use of EVs
Walmart-owned Flipkart has partnered with Mahindra Logistics to accelerate use of electric vehicles in last mile delivery and will deploy over 25,000 EVs in the fleet by 2030, according to a regulatory filing. The Mahindra Group’s logistics arm has already launched an electric last mile delivery service – EDEL – in six cities and has […]
India’s less industrialized states lead electricity demand recovery
India’s less industrialized states have led a recovery in electricity demand that began in September, a Reuters analysis of government data showed. Power use in less industrialized states such as Bihar and Chhattisgarh in the east, and Uttar Pradesh and Punjab in the north, grew at over 10% each compared with the previous year, both […]
Mumbai: One lakh power lines snapped for not paying bills
The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has remained firm on its policy to temporarily disconnect power supply for non-payment of electricity bills in Mumbai Metropolitan Region (MMR). The number of connections temporarily disconnected has crossed the 1-lakh mark this week, said an MSEDCL official. Across Maharashtra, electricity bill arrears had mounted to Rs […]
NTPC completes trial operation of Unit-2 of Nabinagar Super Thermal Power Project
With this, the total installed capacity of NTPC group has become 65150 MW respectively. The Unit-2 of 660 MW capacity of Nabinagar Super Thermal Power Project (3 x 660 MW) of Nabinagar Power Generating Co. (a wholly owned subsidiary of NTPC) has successfully completed trial operation and consequently included in the installed capacity of NTPC […]
Resolution of stressed Rangit IV hydel power proj complete, says PFC
Power Finance Corporation (PFC) on Wednesday said a consortium of lenders led by it has completed the resolution of the stressed 120 MW Rangit IV hydropower project. “Power Finance Corporation (PFC) as lead FI (Financial Institution) and PNB as co-lender of the consortium, completes successful resolution of a stressed asset – 4×30 MW Rangit-IV HEP […]
Power Finance Corp pays interim dividend of Rs 1,182.63 cr to govt for FY21
State-run Power Finance Corporation (PFC) has paid an interim dividend of Rs 1,182.63 crore to the government for financial year 2020-21. “Power Finance Corporation has paid an interim dividend of Rs 1,182.63 crore to government of India for the financial year 2020-21 on March 31st, 2021 on 1,47,82,91,778 number of equity shares (56 per cent) […]