Power Ministry Rolls Out Scheme To Help Discoms Pay Their Dues
The Discoms will be able to pay financial dues in simple instalments under the proposed scheme. The Ministry of Power stated in a statement that a one-time relaxation was being considered for all Discoms. This means that the outstanding amount (includes principal, Late Payment Surcharge (LPSC)) at the date of notification of this scheme will be frozen without any further imposition of LPSC. The Discoms can pay the remaining amount in 48 installments. Discoms will have time to stabilize their finances by having outstanding dues liquidated in a deferred fashion without the imposition of LPSC.
RECPDCL Invites Bids For 4 Tenders To Evacuate 18 GW Renewable Energy In Gujarat
REC Power Development and Consultancy Limited (REPDCL) has invited bids for four global tenders for the construction of an interstate transmission system (ISTS) at the Khavda pooling station to evacuate 18 GW of renewable energy, in Gujarat under Phase II (Part A-D). The projects must be finished in 24 months. A 5th tender has been issued to extend Gujarat’s transmission network by including renewable energy projects at Kavda’s prospective renewable energy zone. The deadline for online bids submission for all tenders is July 8, 2022. On the same day, bids will be unveiled.
Kerala Electricity Board Invites Bids To Procure 150 MW Solar Power To Meet RPO
In order to fulfill its Renewable Purchase Obligation (RPO) objective for the period June 15, 2022 to March 31, 2023, Kerala State Electricity Board Limited (KSEBL) has sought bids to acquire 150 MW of solar electricity on a short-term basis. The power supply can be provided by more than one source, with the condition that each source should not be less than 10 MW. The proposals must be submitted by May 30, 2022, which will be disclosed on the same day. On June 6, an e-reverse auction will take place.
Bhopal Municipal Corporation Invites Consultancy Services For 20 MW Solar Projects
Bhopal Municipal Corporation has solicited proposals from consultants to offer consultation services for the establishment of 20 MW of solar projects to deliver electricity to its high tensions users. The projected cost of the project is Rs 16 million, and the contract will be valid for 18 months. June 16, 2022, is the last day for proposal submission, which will be opened the next day. The tender seeks to employ the services of a reputable consultant to assist in the establishment of solar power projects to deliver power in various modes.
Telangana Regulatory Commission Revises Renewable Purchase Obligation (RPO) Target
In a recent order Telangana State Electricity Regulatory Commission (TSERC) amended previous regulation named Telangana State Electricity Regulatory Commission Renewable Power Purchase Obligation (Compliance by purchase of renewable energy/ renewable energy certificates) Regulation, 2018. The new Renewable Purchase Obligation (RPO) regulation named “Telangana State Electricity Regulatory Commission Renewable Power Purchase Obligation Regulation, 2022”. The objective of RPO target is to promote renewable sources of energy including co-generation by providing suitable measures for connecting with the grid and sale of electricity to any person, as also specify the percentage of total consumption to be purchased in the area of distribution licensee.
IREDA Sanctions Rs 14,000 Cr Loans for Green Energy Projects in Maharashtra
IREDA, an Indian Renewable Energy Development Agency Limited (government-owned) renewable energy project financing company, has approved loans of Rs 14,445 crore and distributed Rs 10,018 crore to various green energy projects across Maharashtra. Pradip Kumar Das (CMD, IREDA) stated that out of a total loan of Rs 1,20,946 crore sanctioned by IREDA, Rs 14,445 crore was sanctioned for 422 RE project accounts in Maharashtra. He urged leaders and investors to pay more attention to Renewable Energy Sector (RE) and to invest in projects that not only generate clean energy, but also reduce CO2 emissions and improve quality of life.