Gujarat bans sourcing power from other states
Gujarat government has recently banned its state distribution companies from buying power from other states. These discoms will now have to procure power from state power generators. Power procurement from state power generators means industries will now have to shell out
Changes to Electricity Act Proposed
The Ministry of Power (MOP) recently made public a document that proposes various changes to the Electricity Act, 2003 (EA). The below article provides a quick summary of the proposed changes: The current role of the Distribution Licensee has been broken up into
Rs.1.5 lakh crore loan recast for Discoms
In a recent article covered by The Times of India , it mentioned that the centre has agreed to provide loan to power distribution companies as their status at present is very low financially . In this restructuring exercise the
Power trading prices shoot up 20-25%
In this scorching heat as the power demand across the country keeps on increasing the power trading prices have also gone up . In an article of the Business Standard the cause of rising trading prices was highlighted. Short-term power
First Solar RECs Issued to M&B Switchgear; Expected to Trade in May
M&B Switchgear Ltd, which owns and operates a 2 MW solar PV plant in MP was issued 249 Solar RECs today. This is the very first issuance of Solar RECs in India. These Solar RECs are expected to be traded
Numeric Power's solar power plant received REC accreditation
Chennai-based Numeric Power Systems has received REC accreditation for one of its two 1 MW solar PV plants in Tamil Nadu.The plant is likely to feed energy to the grid from next month. This is the third solar power plant in
Open Access Faces Hurdles from Discoms in Rajasthan
Recently, all the Discom's in Rajasthan simultaneously came out with circulars with changes to the open access mechanism. The pretext of making these changes was the recent letter from the Law Ministry on Open Access. As an example, the key
Will Open Access system remain open ?
Open access system allows generating companies to sell power directly to distribution companies and bulk consumers of 1MW and above is going to be implemented soon. The ministry of power has instructed states to implement the open-access system of Electricity
Accelerated Depreciation Benefits to End by March This Year
Accelerated depreciation - the tax break available when setting up a wind or other renewable energy project - is likely to end by March 2012, according to a report in Bloomberg. This change was widely anticipated when the new Direct Tax
REC Trading Report – December 2011
REC markets continue to grow, albeit more slowly than in the earlier months. Total treaded volume increased to approximately 120,000 (an increase of 14%), while price increased marginally to Rs 2,950/ REC (vs. Rs 2,900 last month; IEX prices). Prices