Market & Policy

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POWERGRID to Raise up to ₹9 Billion Through Bonds

The board of Power Grid Corporation of India (POWERGRID) has approved raising unsecured, non-convertible, non-cumulative, redeemable, and taxable bonds for ₹9 billion...

March 13, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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Government Launches High Price Day-Ahead Market and Surplus Power Portal

The Union Government has launched a High Price Day-Ahead Market (HP-DAM) and surplus power portal (PUShP), aiming to ensure greater power availability during the peak...

March 10, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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Government Accepts Task Force Report on Smart Power Transmission System

The government has accepted the recommendations of a task force on modernizing India’s power transmission system, paving the way for real-time monitoring,...

March 7, 2023

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Arjun Joshi

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Grid

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Market & Policy
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CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security

The Central Electricity Regulatory Commission (CERC) has issued new guidelines to supplement the Deviation Settlement Mechanism (DSM) Regulations 2022 to maintain grid...

February 8, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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EV Makers Expect Tax Cuts and Incentives in Budget 2023

The Indian electric vehicle (EV) industry is hoping for the government to rationalize the indirect tax structure on EV components and extend the rollout of incentives...

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Power Ministry Proposes Expansion of Economical Power Dispatch Program

The Ministry of Power has proposed to expand the security-constrained economic dispatch (SCED) program by including more state-owned thermal projects, which would run on...

January 31, 2023

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Arjun Joshi

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Grid

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Market & Policy
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Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at...

January 19, 2023

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Satish Shetty

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Electric Vehicles

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Grid

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Market & Policy
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Supreme Court to Assess Progress in Great Indian Bustard Case This Week

The Supreme Court is likely to apprise itself of the status of the installation of bird flight diverters atop power transmission in the habitat of the endangered Great...

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RBI to Issue ₹160 Billion Sovereign Green Bonds in Two Tranches

The Reserve Bank of India (RBI), in consultation with the government, has said it will issue the Sovereign Green Bonds (SGB) worth ₹160 billion (~$1.9 billion) in two...

January 9, 2023

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Gautamee Hazarika

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Market & Policy

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Other

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Renewable Energy
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Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project

Norway’s development finance institution Norfund and the country’s largest pension fund KLP have announced an investment of NOK109 million (~$10.85 million) for a 49%...

January 4, 2023

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Gourav Mishra

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Grid

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Market & Policy
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Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

The Ministry of Power is considering changes in the tariff policy that will allow the state governments to provide subsidies to eligible categories of consumers directly...

January 2, 2023

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Sumit Jha

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Market & Policy

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Other

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Renewable Energy
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Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric vehicle (EV) sales in India reached a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021. EVs accounted for 4.7% of...

January 2, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Power Ministry Mulls Shorter PPA Tenure to Help DISCOMs and Power Markets

The Ministry of Power is considering cutting the tenure of prospective long-term power purchase agreements (PPAs) to 12-15 years from the extant 25 years to provide more...

December 30, 2022

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Sumit Jha

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Grid

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Market & Policy
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CERC Retains Market Clearing Price Cap of ₹12/kWh in Exchanges for Now

The Central Electricity Regulatory Commission (CERC) passed a suo motu order retaining the ₹12 (~$0.14)/kWh price cap on power exchanges till further notice to ensure...

December 29, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Explainer: Why the New Regulations Have Made the Grid Unstable

Less than three weeks after the Central Electricity Regulatory Commission’s (CERC) new regulation de-linked deviation charges and frequency, grid frequency swung...

December 27, 2022

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Arjun Joshi

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Grid

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Market & Policy

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Mercom Research Focus

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