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Home2020August

Month: August 2020

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Private Sector

ReNew Power, UNEP ink pact for better clean energy access, higher efficiency

August 26, 2020

ReNew Power and the UN Environment Programme (UNEP) have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency. The partnership will also implement solar off-grid projects, studies, and assessments. […]

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Central Sector

Coal ministry in talks with environment ministry for faster clearances

August 26, 2020

The coal ministry is in talks with the environment ministry for reducing the time required for obtaining forest clearance for operationalisation of blocks. In order to get a coal mine operational, the allottee has to […]

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Private Sector

Greenko and NVVN sign MoU for RE power solutions

August 26, 2020

Greenko Energies has entered into an agreement with NTPC Limited’s wholly owned subsidiary NTPC Vidyut Vyapar Nigam to explore energy storage and renewable energy (RE) power supply solutions. The objective of the partnership is to […]

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International News

Germany to issue green bonds worth up to $13 billion

August 25, 2020

The German government plans to generate up to 11 billion euros ($13 billion) for clean transportation and renewable energy projects this year by issuing green bonds. Reportedly, the first green bonds worth 4 billion euros […]

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International News

Power Ledger and BCPG to create REC marketplace in Southeast Asia

August 25, 2020

Australian energy trading technology company Power Ledger has expanded its partnership with Thai renewable energy business BCPG to launch an additional project that aims to create a renewable energy certificate (REC) marketplace in Thailand and […]

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Private Sector

Epsilon Carbon commissions India’s first manufacturing unit for LiB components

August 25, 2020

Epsilon Carbon, a coal tar derivatives company has commissioned the country’s first manufacturing facility in Karnataka to produce graphite anode materials for lithium-ion batteries (LiB). Epsilon Carbon plans to invest Rs 5 billion over the […]

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State Sector

Punjab government defaults on power subsidy payment to PSPCL

August 25, 2020

The Punjab government has not cleared about Rs 35 billion worth of payments for power subsidies being given to various categories of consumers during the first four months of 2020-21. The state government is yet […]

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Central Sector

MoC recommends increasing the ACQ of coal to 100 per cent to thermal power units

August 25, 2020

The ministry of coal (MoC) has approved Coal India Limited’s (CIL) plan to supply 100 per cent of the normative requirement to thermal power units. The MoC has recommended increasing the annual contracted quantity (ACQ) […]

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Central Sector

NTPC gets approval from NITI Aayog and DIPAM to set up renewable energy business arm

August 25, 2020

NTPC has received the approval of NITI Aayog and Department of Investment and Public Asset Management (DIPAM) to set up a wholly-owned company for its renewable energy business. NTPC targets to generate nearly 30 per […]

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International News

South Africa seeks proposals for 2,000 MW of emergency power

August 24, 2020

South Africa has issued a request for proposals to procure 2,000 MW of emergency power, to help plug energy shortages. Power procured under this programme is expected to be fully operational by not later than […]

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Private Sector

Amplus Solar trades on IEX’s green TAM

August 24, 2020

Amplus Solar had sold solar electricity in the open market on August 20, 2020, becoming the first solar firm to trade on the green term-ahead market (GTAM) platform by Indian Energy Exchange (IEX). . The […]

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Private Sector

KEPCO and Manikaran Power sign pact to acquire and operate stressed power assets

August 24, 2020

Manikaran Power Limited has signed a memorandum of understanding with South Korean enterprise Korea Plant Service & Engineering (KEPCO KPS) to acquire and operate stressed power plants in India. KEPCO KPS provides operation and maintenance […]

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Central Sector

Transmission project to link Nubra, Zanskar in Ladakh to national grid

August 24, 2020

The central government is implementing a Rs 12 billion project to connect Nubra valley in the country’s northern tip, and Zanskar, among the least-explored regions of Kargil, with the national power grid. REC (formerly Rural […]

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Central Sector

BHEL bags maiden order for BESS from TERI

August 24, 2020

BHEL has bagged its maiden order for setting up a 410 kW battery energy storage systems (BESS) from The Energy and Resource Institute (TERI). The company has signed a contract agreement with TERI for setting […]

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Reforms and Regulations

Power ministry asks plants to charge late fee at less than 12 per cent per annum

August 24, 2020

The power ministry has advised all power generating companies and transmission companies to charge late payment surcharge (LPS) from distribution utilities at a rate not exceeding 12 per cent per annum for all payments made […]

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International News

German power grids spend Euro 750 million

August 21, 2020

German electricity grid and utility firms will spend Euro 750 million on boosting networks to meet more power demand from data centres in the Rhine-Main region around Frankfurt. More power is also required to digitalise […]

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International News

Brookfield Renewable set to issue green bonds

August 21, 2020

Canada-based renewable energy investor, Brookfield Renewable would issue green bonds to the tune of CDN$ 425 million (~$321 million). These medium-term notes will bear an interest of 3.3 per cent per year, due on August […]

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Private Sector

Adani Power in early discussions to buy OPG’s thermal plant

August 21, 2020

Adani Power is reportedly in early discussions with OPG Power Ventures to acquire the latter’s 414 MW coal-based power plant in Tamil Nadu. . OPG Power Ventures is a thermal and renewable energy company listed […]

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Private Sector

CCI approves proposed acquisition of C&S Electric by Siemens Limited

August 21, 2020

The Competition Commission of India (CCI) has approved the proposed acquisition of C&S Electric Limited by Siemens Limited. The proposed deal envisages the acquisition of 100 per cent of the share capital of C&S Electric […]

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State Sector

Fire incident at TS Genco’s Srisailam hydro power station

August 21, 2020

A major fire broke out in one of the underground hydel power units of the 6×150 MW Srisailam project of Telangana State Power Generation Corporation Limited on August 20. The incident occurred at the fourth […]

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