Monthly Archives: March 2020

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COVID-19: REC contributes Rs 150 cr to PM CARES fund

REC is committed to participating in corporate India's response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance, the company said. NEW DELHI: State-run REC on Tuesday pledged Rs 150 crore under PM CARES fund to fight against COVID-19. "REC Limited... has pledged to donate Rs 150 crore to [...]

2020-03-31T10:36:28+00:00March 31st, 2020|News|Comments Off on COVID-19: REC contributes Rs 150 cr to PM CARES fund

Commercial power rates to see a big drop in Maharashtra from April 1

MUMBAI: Commercial power tariffs, like those for residential users, will witness a huge dip from April 1: 16.5% for BEST supply areas between Colaba-Cuffe Parade and Sion/Mahim, 21% for Tata and Adani users in Mumbai, and 15% drop for shops, commercial establishments and malls in MSEDCL areas. To boost industries and ensure they do not migrate to [...]

2020-03-31T10:28:13+00:00March 31st, 2020|News|Comments Off on Commercial power rates to see a big drop in Maharashtra from April 1

Mistry group seeks to raise up to $1 billion pledging Tata Sons stake

The Shapoorji Pallonji Group is in preliminary discussions to borrow as much as $1 billion to repay maturing debt using part of its stake in Tata Sons as collateral Mistry is trying to use his 18% stake in Tata Sons, which is estimated to be worth as much as $14 billion, as the Covid-19 pandemic [...]

2020-03-31T03:53:37+00:00March 31st, 2020|News|Comments Off on Mistry group seeks to raise up to $1 billion pledging Tata Sons stake

SBI-led lenders approve Suzlon’s Rs 14,000 crore loan recast

The company and lenders were working on the resolution plan as per the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by the central bank through a circular dated June 7, 2019. The company, however, did not provide details of the debt recast. MUMBAI: Troubled wind turbine maker Suzlon Energy has received approval [...]

2020-03-31T03:12:51+00:00March 31st, 2020|News|Comments Off on SBI-led lenders approve Suzlon’s Rs 14,000 crore loan recast

Covid lockdown to impact electricity demand, cash flows for discoms: ICRA

The lockdown has resulted in a shutdown of the industrial and commercial establishments and stoppage of passenger railway services. This has adversely impacted the all India electricity demand, given that these segments constitute about 40% of the all India electricity demand, a statement issued by the ratings firm said. New Delhi: The lockdown announced by the [...]

2020-03-31T03:08:10+00:00March 31st, 2020|News|Comments Off on Covid lockdown to impact electricity demand, cash flows for discoms: ICRA

Rooftop solar developers may approach state regulator for connectivity

The Distributed Solar Power Association, a body of solar rooftop developers, told ET it’s likely to soon file a petition before the Haryana Electricity Regulatory Commission protesting the power discoms’ reluctance. BENGALURU: Around 1000 MW of solar projects in Haryana are unable to transmit power because distribution companies are not giving them the required connectivity, aggrieved solar developers maintained. [...]

2020-03-31T03:02:42+00:00March 31st, 2020|News|Comments Off on Rooftop solar developers may approach state regulator for connectivity

Highly efficient and stable double layer solar cell developed

Solar cells convert light into energy, but they can be inefficient and vulnerable to the environment, degrading with, ironically, too much light or other factors, including moisture and low temperature. An international research team has developed a new type of solar cell that can both withstand environmental hazards and is 26.7% efficient in power conversion. [...]

2020-03-30T06:55:52+00:00March 30th, 2020|News|Comments Off on Highly efficient and stable double layer solar cell developed

Gujarat: Additional Surcharge for Open Access Consumers Up to ₹0.37/kWh from ₹0.10/kWh

The additional surcharge will be valid from April 01, 2020, to September 30, 2020 The Gujarat Electricity Regulatory Commission (GERC) has worked out an additional surcharge of ₹0.37 (~$0.0049)/kWh for the period of April 01, 2020, to September 30, 2020, for consumers utilizing power through open access. This additional surcharge will apply to consumers of [...]

2020-03-30T06:51:29+00:00March 30th, 2020|News|Comments Off on Gujarat: Additional Surcharge for Open Access Consumers Up to ₹0.37/kWh from ₹0.10/kWh

Impact of coronavirus on India’s solar march

India’s solar power sector would not be immune to coronavirus' impact and these lockdown restrictions may impede India’s push to increase its renewable capacity to 175 GW by 2022.  A recent CRISIL report suggests that over 3 GW of solar projects under construction (worth Rs. 16,000 crore) could get impacted (due to delay in commissioning) [...]

2020-03-30T02:48:01+00:00March 30th, 2020|News|Comments Off on Impact of coronavirus on India’s solar march

NTPC signs share purchase pacts to acquire govt stakes in THDCIL, NEEPCO for Rs 11,500 cr

State-owned power giant NTPC on Thursday said it has signed share purchase agreements to acquire the government's stakes in THDCIL and NEEPCO for a total of Rs 11,500 crore. NEW DELHI: State-owned power giant NTPC on Thursday said it has signed share purchase agreements to acquire the government's stakes in THDCIL and NEEPCO for a total of Rs 11,500 crore. [...]

2020-03-30T02:45:11+00:00March 27th, 2020|News|Comments Off on NTPC signs share purchase pacts to acquire govt stakes in THDCIL, NEEPCO for Rs 11,500 cr