“New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research,” according […]
REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation
The proceeds from this facility shall be utilised to fund power sector projects as permitted under the external commercial borrowing (ECB) guidelines of the Reserve Bank of India (RBI) State-run REC on Wednesday said that it has raised a USD 75 million (about Rs 561 crore) term loan from Sumitomo Mitsui Banking Corporation (SMBC). The […]
In the Matter of Extension of Period of Banking of Units Generated and Wheeled to the Distribution Companies
In the matter of Petition under Section 17 and 34 of the Gujarat Electricity Industry (Reorganisation and Regulations) Act, 2003 and in the matter of wind power policy, 2007 and Gujarat Wind Solar Hybrid Power Policy, 2018 and Section 86 (1), (c) , (e) & (f) of the Electricity Act, 2003 and read with GERC […]
APTEL Permits Open Access & Banking Facility to four Wind Developers
Appellate Tribunal for Electricity (APTEL) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to grant open access facility to four wind developers in its recent order passed on April 27, 2021. APTEL also directed MSEDCL to compensate the appellants for the banked energy until the full quantum of open access is granted. The […]
BPE Increases Production Capacity at their Noida State Of The Art Manufacturing Facility
India, New Delhi: Best Power Equipment’s India Pvt. Ltd (BPE) that provides end-to-end strategic power solutions for most critical applications and having more than 2 decades of manufacturing experience announced that the company has increased the production capacity at their Noida factory. The company has recently commenced the production of UPS from 600 VA to […]
