Sterlite Power acquires Kishtwar transmission project in J&K
The project comprises a 400/132 kV gas-insulated substation at Kishtwar and a 400 kV Kishenpur-Dulhasti line-in line-out transmission line.
Leading RE companies’ receivables period to shrink 20% this fiscal
State-owned electricity distribution companies implementing the Late Payment Surcharge (LPS) scheme may clear dues worth INR 2,000 crore (around $250 million) this fiscal, supporting renewable energy generators to build capacity for growth and reduce leverage.
Modi loosens the purse strings to help struggling state utilities
Covid-19 hits to demand and bill payment collection have worsened the plight of the nation’s already debt-crippled power distribution companies, prompting the government to order an exceptional relaxation of lending limits.
Andhra Pradesh: Care Ratings puts 26 renewable developers on negative watch
Ratings may be downgraded if there is a persistent delay in resolving the tariff related dispute or any adverse revision in the tariffs by the state regulator and/or continued delays in receipt of payments from DISCOMs.
Now green urban mobility to get one billion euros boost from Germany
Having extended around two billion euros for clean energy projects, Germany will now support India in improving green urban mobility infrastructure, solutions and services in cities. Furthering its support for clean energy transition, it will also provide concessional loan of 200 million euros for a DISCOM investment facility in India.
‘SECI’s 10 GW solar tender will not attract big developers’
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
EESL chosen to manage 5 lakh solar water pump program
The International Solar Alliance has selected India’s Super Energy Service Company to roll out its agricultural solar initiative across 13 nations. Almost a third of India’s three crore of agricultural pumps are currently powered by diesel.
