Power

The Ministry of New and Renewable Energy (MNRE) has released guidelines for a production-linked incentive (PLI) scheme, the National Programme on High Efficiency Solar PV Modules, to promote the manufacturing of high efficiency solar modules. […]

The Indian Energy Exchange (IEX) has commenced cross-border electricity trade (CBET) on its platform. It is a first-of-its-kind initiative, which will allow the power exchange to expand its power market beyond India to the South […]

The MoP has issued the draft Electricity (Rights of Consumers) (Amendment) Rules, 2021, which allow net metering for rooftop solar up to 500 kW or up to the sanctioned load, whichever is lower, and net […]

The MoP has issued the draft Bureau of Energy Efficiency (Manner and Intervals for Conduct of Energy Audit (Accounting) in Electricity Distribution Companies) Regulations, 2021. These regulations will be applicable to all electricity distribution companies […]

The MNRE has notified an extension in the scheduled commissioning date (SCoD) of renewable energy projects in view of disruption due to the second wave of Covid-19. As per the order, renewable energy projects being […]

The union cabinet has approved a PLI scheme for battery storage systems. Currently, India reportedly imports battery storage equipment worth Rs 200 billion. The approval of PLI will reduce the import dependence and also give […]

The Ministry of Power (MoP) has issued the draft National Electricity Policy, 2021. The new policy focuses on improving the health of electricity distribution companies, implementing cost-reflective tariff structures, and managing the rising share of […]

The Central Electricity Regulatory Commission (CERC) has issued the Power Market Regulations, 2021. These regulations will be applicable to power exchanges, market participants other than power exchanges, and the over-the-counter (OTC) market; as well as […]

The Ministry of Power (MoP) has issued the Electricity Late Payment Surcharge (LPS) Rules, 2021. The new rules will be applicable to power purchase agreements and transmission service agreements in which the tariffs have been […]

The MoP has notified the division and demerger of the Central Transmission Utility and Power Grid Corporation of lndia Limited Transfer Scheme, 2021. Further, the MoP has notified Central Transmission Utility of India Limited, a […]

REC Limited and Power Finance Corporation Limited (PFC) have signed an MoU with Kholongchhu Hydro Energy Limited (KHEL) for financing of a 600 MW hydroelectric project (HEP) at Trashiyangtse, Bhutan. The project is proposed to […]

According to the Ministry of Finance, five more states, namely, Bihar, Goa, Karnataka, Rajasthan, and Uttarakhand, have become eligible for reform-linked borrowings in the power sector. The borrowing cap is linked to the power sector […]

Powergrid has secured two electricity transmission projects through the tariff-based competitive bidding route on a build-own-operate and maintain basis. These projects are part of the Transmission Systems Strengthening Scheme for the evacuation of power from […]

The Bombay High Court has suspended the tender process for the privatisation of a discom in the Union Territories of Dadra & Nagar Haveli and Daman & Diu, in a public interest litigation case. On […]

The Ministry of Power (MoP) has issued a revised trajectory of renewable purchase obligation (RPO), including a long-term trajectory for hydropower purchase obligation (HPO). As per the notification, the solar RPO target may be met […]

Power Finance Corporation (PFC) Limited and REC Limited have sanctioned loans worth Rs 1,250 billion under the liquidity package for stressed discoms. As of January 27, 2021, REC and PFC have sanctioned Rs 659.32 billion […]

The government has reportedly asked the Central Electricity Regulatory Commission (CERC) to make changes in regulations that will free power plants, which are delayed due to justifiable reasons from paying penalties to associated transmission projects. […]

Tata Power has received a letter of intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in five circles of North Eastern Electricity Supply Company of Odisha […]

Power sector majors including Tata Power, Adani Transmission Limited, Sterlite Power, ReNew Wind Energy, NTPC Electric Supply Company Limited and Torrent Power Limited are reportedly among players that have submitted bids for electricity department privatisation  […]

PFC Limited’s Rs 50 billion taxable non-convertible debentures (NCDs) issue was over-subscribed nearly nine times and closed for subscription 11 days ahead of the schedule. The first tranche of Rs 50 billion, including Rs 45 […]