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About Pradeep Randhawa

Pradeep Randhawa (Tony) is a Founder of Solar Association and proudly serves as the organizations first Executive Director. I create this NGO to make solar power as a revolution.

MERC increases tariff more than MSEDCL sought

          Nagpur: Maharashtra Electricity Regulatory Commission (MERC) has increased power tariff for all categories but has claimed that it has reduced it. In fact, MERC has increased the tariff much more than that demanded by MSEDCL. For example MSEDCL had sought a reduction in wheeling charge from Rs1.28 per unit to [...]

2020-04-01T09:18:08+00:00April 1st, 2020|News|Comments Off on MERC increases tariff more than MSEDCL sought

Coronavirus impact: Sterling and Wilson Solar promoters facilitate repayment of Rs 500 cr

Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the [...]

2020-04-01T03:07:31+00:00April 1st, 2020|News|Comments Off on Coronavirus impact: Sterling and Wilson Solar promoters facilitate repayment of Rs 500 cr

Solar boost for Maharashtra as MERC waives grid support charges

The Maharashtra Electricity Regulatory Commission (MERC) has decided not to impose any grid support charges on rooftop solar installations until the state achieves solar rooftop capacity of 2,000 megawatts (MW). Currently, the state’s solar capacity stands at 426MW, which was achieved between 2015 and March 2020. Following the COVID-19 lockdown across different countries and in [...]

2020-04-01T03:02:10+00:00April 1st, 2020|News|Comments Off on Solar boost for Maharashtra as MERC waives grid support charges

Shuttered buyers send force majeure notices to energy companies

As nationwide demand plummets, oil and gas players flooded with such notices. New Delhi: Energy companies are flooded with force majeure notices from customers as the lockdown has shuttered factories and commercial establishments, destroying fuel and electricity demand. From small tile makers in Gujarat to big fertiliser and power producers, refiners, and oil & gas producers have been [...]

2020-04-01T02:55:15+00:00April 1st, 2020|News|Comments Off on Shuttered buyers send force majeure notices to energy companies

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