Power Minister Rk Singh Wants States To Cut Discom Losses

Power Minister Rk Singh Wants States To Cut Discom Losses

Union power and renewable energy minister RK Singh has asked all states to bid out loss making areas of electricity distribution companies to frachisees. The minister has sent letters to power ministers of states seeking immediate actions to cut down on financial losses of distribution companies.

Solar Tariffs Perk Up In Latest Karnataka Auction

Solar Tariffs Perk Up In Latest Karnataka Auction

Solar tariffs rose sharply from their lowest level in the latest solar auction of 860 MW conducted by Karnataka’s Renewable Energy Development Ltd (KREDL). The lowest price was Rs 2.94 per unit, way above the winning tariffs of Rs 2.47 and Rs 2.44 per unit at the last two auctions in Rajasthan in December and May last year respectively.

Small Players May Exit Green Energy – Mr Sumant Sinha

Small Players May Exit Green Energy – Mr Sumant Sinha

Economic Times reported that the renewable energy sector in India is on the road to consolidation and players with smaller portfolios are looking at exiting the market as returns are shrinking in the face of lower tariffs and uncertainty on the policy front.