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MNRE orders discoms to continue payments as per earlier schedule

Some state discoms had invoked the ‘force majeure’ clause in their PPAs in recent days asking generating companies not to supply electricity nor expect any payment till further notice because the nationwide lockdown is preventing them from collecting payments from consumers. NEW DELHI: Power distribution companies must continue to buy power from renewable energy producers and clear [...]

2020-04-03T02:03:49+00:00April 3rd, 2020|News|Comments Off on MNRE orders discoms to continue payments as per earlier schedule

NTPC, employees contribute Rs 257.5 cr to PM-CARES

NTPC has also committed Rs 25 lakhs to the district administration of Kawas (Gujrat), Solapur (Maharashtra), Anta (Rajasthan), Mauda (Maharashtra) and Jhanor (Gujarat) to fight the pandemic. NEW DELHI: State-run power giant NTPC on Thursday announced a contribution of Rs 257.5 crore to the PM-CARES Fund to support the fight against COVID-19. While Rs 250 crore [...]

2020-04-03T02:01:25+00:00April 3rd, 2020|News|Comments Off on NTPC, employees contribute Rs 257.5 cr to PM-CARES

Discoms must pay green energy companies

The ministry on Thursday directed the discoms to accept invoices and billing through emails and make payments to renewable energy generators as per their power purchasing agreements (PPAs). NEW DELHI: Power distribution companies must continue to buy power from renewable energy producers and clear their dues “on a regular basis as was being done prior to the lockdown”, [...]

2020-04-03T01:57:16+00:00April 3rd, 2020|News|Comments Off on Discoms must pay green energy companies

COVID-19 will be a roadblock to solar power in India

The lockdown caused by the pandemic will make it difficult for the country to meet its solar power targets India will find it harder to meet its target of 100 gigawatt (GW) installed solar energy capacity by 2022 due to the 21-day nationwide lockdown in the wake of novel coronavirus disease (COVID-19), experts have said. [...]

2020-04-03T01:50:23+00:00April 3rd, 2020|News|Comments Off on COVID-19 will be a roadblock to solar power in India

Power projects using Chinese equipment stare at dark days

India’s domestic power demand has gone up with more people staying indoors, given the lockdown Under-construction power plants and maintenance of existing ones could be affected The covid-19 outbreak has now cast doubt on a part of India’s conventional electricity generation space, with around 90 gigawatts (GW) of coal-fuelled capacity based on Chinese power generation [...]

2020-04-02T01:27:43+00:00April 2nd, 2020|News|Comments Off on Power projects using Chinese equipment stare at dark days

MNRE tells discoms to clear renewable energy bills on time

Renewable energy plants which supply power to Punjab and Madhya Pradesh are owned by firms, including NTPC, Acme Solar, ReNew Power, Mahindra Renewables and Adani Power. As FE recently reported, state-run Solar Energy Corporation of India (SECI) had refuted Uttar Pradesh’s claim that there would be ‘no cause for breach or liability’ under the force [...]

2020-04-02T01:23:48+00:00April 2nd, 2020|News|Comments Off on MNRE tells discoms to clear renewable energy bills on time

SPMPT handles 63 MT despite Covid-19 slowdown

Kolkata: Despite the COVID-19 scare across the country and the subsequent lockdown, the Syama Prasad Mookerjee Port Trust (SPMPT) continued to handle essential cargo at the ports of Kolkata, Haldia, and Budge Budge after taking necessary precautions. Till March 31, SPMPT handled nearly 63 MT of cargo. This could have been 65 million tonnes for [...]

2020-04-02T01:18:04+00:00April 2nd, 2020|News|Comments Off on SPMPT handles 63 MT despite Covid-19 slowdown

Covid-19 lockdown: States stop renewable power purchase, hold back payments

Invoke force majeure cluse, get a rap on knuckles from MNRE, which asks them to continue buying and paying for RE even during lockdown Renewable power including solar, wind, small hydro and biomass comes under ‘must-run status’, that is, it cannot be stalled or shut under any circumstances. Following the lockdown and fall in electricity [...]

2020-04-02T01:12:57+00:00April 2nd, 2020|News|Comments Off on Covid-19 lockdown: States stop renewable power purchase, hold back payments

France approves 1.7 GW of wind and solar power projects

PARIS, April 1 (Reuters) - The French ecology minister has cleared nearly 300 wind and solar power projects with a total installed capacity of about 1.7 gigawatts, saying she has also approved several project deadline extensions because of the coronavirus outbreak. “The health crisis we are going through must not in any way make us [...]

2020-04-02T01:07:24+00:00April 2nd, 2020|News|Comments Off on France approves 1.7 GW of wind and solar power projects

Payment of power bills in times of coronavirus force majeure

For one, even before the corona shock, SEBs such as UPPCL have been delaying payments to generators; this is around Rs 1 lakh crore collectively. The Union government did state on March 19, 2020, that the COVID-19 epidemic can be treated as a force majeure event, subject to certain conditions. The Solar Energy Corporation of [...]

2020-04-01T09:22:50+00:00April 1st, 2020|News|Comments Off on Payment of power bills in times of coronavirus force majeure