Market & Policy

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No Manual Bids, Follow Strict Trading Hours: CERC to Power Exchanges

The Central Electricity Regulatory Commission (CERC)  has ordered a comprehensive audit of all three power exchanges in the next six months and the elimination of manual...

February 23, 2024

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Satish Shetty

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Grid

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Market & Policy
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CERC Lifts Scheduling Restrictions Imposed on Two Solar Projects

Central Electricity Regulatory Commission (CERC) has stayed the scheduling restrictions imposed by the Western Regional Load Dispatch Centre (WRLDC) on Tata Power...

February 22, 2024

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Arjun Joshi

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Grid

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Market & Policy

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Solar
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Regulator Upholds Grid Connectivity of Hybrid Projects from Two Points

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has clarified that Regulation 2(xix) of the MPERC (Cogeneration and Generation of Electricity from Renewable...

February 15, 2024

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Arjun Joshi

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Grid

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Market & Policy
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Fluence Energy Reports Record Order Intake of $1.1 Billion in Q1 FY24

Energy storage technology and solutions provider Fluence Energy recorded a revenue of $364 million in the first quarter (Q1) of the fiscal year (FY) 2023-24, registering...

February 14, 2024

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Staff

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Energy Storage

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Market & Policy
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Tata Power Reports Net Profit for 17th Consecutive Quarter in Q3 FY 2024

Tata Power, an integrated power company, recorded a net profit of ₹10.76 billion (~$129.6 million) in the third quarter (Q3) of the financial year (FY) 2024, a growth of...

February 12, 2024

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Gautamee Hazarika

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Market & Policy

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Renewable Energy
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EV Ride-Hailing Platform Snap-E Secures $2.5 Million Funding

Electric Vehicle (EV) ride-hailing platform Snap-E has raised $2.5 million in a pre-series A funding round led by Inflection Point Ventures. The company is expected to...

February 5, 2024

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Staff

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Electric Vehicles

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Market & Policy
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EV Leasing Firm Electrifi Secures ₹250 Million Funding from ADB, AdvantEdge

Commercial electric vehicle (EV) leasing and asset management company Electrifi Mobility secured ₹250 million (~$3.02 million) in seed-stage funding led by Asian...

February 2, 2024

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Staff

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Electric Vehicles

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Market & Policy
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Servotech Wins ₹1.2 Billion Contract from BPCL to Deploy 1,800 EV Chargers

Servotech Power Systems, an electric vehicle (EV) charger, and energy efficiency products manufacturer, has won an order for 1,800 DC Fast EV Chargers to be installed...

February 1, 2024

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Satish Shetty

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Electric Vehicles

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Market & Policy
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Unjustified Load-Shedding Will Attract Penalties, R K Singh Warns DISCOMs

Union Minister for Power and New & Renewable Energy R K Singh has warned distribution companies (DISCOM) that unjustified load-shedding will be penalized going...

January 19, 2024

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Staff

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Grid

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Market & Policy
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Large Consumers and Captive Projects Exempted from Transmission License

The Ministry of Power has amended Electricity Rules to allow entities commissioning captive power projects or energy storage systems or a consumer, with a load of at...

January 12, 2024

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Arjun Joshi

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Grid

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Market & Policy
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Electric Vehicle Logistics Startup EVIFY Raises $1.3 Million

Gujarat-based electric-vehicle (EV) logistics startup EVIFY has raised $1.3 million in a pre-series A round to finance its operational expansion across Gujarat and...

January 11, 2024

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Satish Shetty

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Electric Vehicles

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Market & Policy
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Airtel’s IoT Solutions to Power Adani Energy’s 20 Million Smart Meters

Airtel Business, the B2B arm of Bharti Airtel, announced that it would supply Internet of Things (IoT) solutions to power over 20 million smart meters for Adani Energy...

January 9, 2024

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Satish Shetty

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Grid

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Grid Optimization

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Market & Policy
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DISCOMs’ AT&C Losses Drop to 15.41% in FY23

The Aggregate Technical and Commercial (AT&C) losses of distribution companies (DISCOM) decreased to 15.41% in the financial year (FY) 2022-23 from 17% in FY 2021-22,...

January 3, 2024

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Satish Shetty

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AT&C

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Grid

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Market & Policy
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Himachal Pradesh Restricts State Departments from Buying Diesel-Petrol Vehicles

The state government of Himachal Pradesh has directed all state departments to stop buying diesel or petroleum vehicles and promote the adoption of electric vehicles...

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Electric Vehicle Sales Clock 50% YoY Growth in 2023 to Reach 1.5 Million Units

Electric vehicle (EV) sales in India reached a record 1.53 million units in 2023, a jump of over 50% year-over-year (YoY) against the million units sold in 2022. EVs...

January 2, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy

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