Daily News Wrap-Up: RERC Denies Rebate for Cement Company’s Solar Project

UERC asks distribution company to set solar, non-solar hours for tariffs

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The Rajasthan Electricity Regulatory Commission rejected a petition filed by Shree Cement seeking the grant of a load factor rebate by Jaipur Vidyut Vitran Nigam (JVVNL) for electricity consumption at its Jobner cement unit. The Commission held that the company’s captive solar project qualifies as a behind-the-meter installation and is therefore not eligible for load factor computation under the applicable tariff order.

The Uttarakhand Electricity Regulatory Commission (UERC) decided to retain the existing time-of-day tariff structure and defer any immediate changes to peak and off-peak hours, even as it initiates a formal consultation on introducing hour-linked tariffs for solar and non-solar energy in line with central rules. The Commission has maintained the current peak surcharge of 30% and the off-peak rebate of 25%, citing the absence of adequate smart-meter–based, time-block-wise consumption data and the ongoing rollout of advanced metering infrastructure across the state.

Electric vehicle (EV) sales in India reached a record 2.27 million units in 2025, an over 16% year-over-year increase from 1.95 million units sold in 2025. EVs accounted for 8% of overall automobile sales, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard. The EV market consistently surpassed the 100,000-unit mark each month, with October recording the highest sales at 236,629 units, followed by November at 218,641 units and March at 205,299 units.

EIE Renewables won the West Bengal State Electricity Distribution Company’s auction to install 10 MW of grid-connected rooftop solar systems. The tender was floated in September last year. The systems will be installed on state government buildings spread across eight districts, namely Medinipur (1.5 MW), Bankura (1.5 MW), Kolkata South (1.5 MW), Kolkata North (1.5 MW), Bardhaman (1 MW), Berhampore (1 MW), Malda (1 MW), and Siliguri (1 MW).

FCI Aravali Gypsum and Minerals India, a government of India enterprise, invited bids for the supply, commissioning, and operation of 2.52 MW ground-mounted solar power projects on a build-own-operate basis for 25 years. The projects will be located at Bhawad, Osian, and Jodhpur in Rajasthan. The ceiling tariff has been set at ₹3.32 (~$0.037)/MW. The last date to submit the bids is January 21, 2026, and bids will be opened the following day.

Industries that run 24X7 have a high power demand. With rising grid tariffs, power costs place a heavy burden on businesses. Installing rooftop solar systems can significantly mitigate the problem. One such example is that of a snacks manufacturer, Morano Namkeen, which is saving ₹8 million (~$88,728) annually from an 850-kW rooftop solar project installed at its facility in Kanpur, Uttar Pradesh.

Bihar State Power Generation Company (BSPGCL) commissioned the first phase of the 301 MW/495 MWh solar-plus-battery project in Kajra, Lakhisarai district, Bihar. The project is being executed in two phases. The first phase includes a 185 MW/254 MWh solar-plus-BESS project, developed at a cost of ₹18.1 billion (~$200.74 million). In the second phase, BSPGCL will develop a 116 MW/241 MWh project at a cost of ₹10.55 billion (~$117 million).

Singapore-based Blueleaf Energy, owned by the Macquarie Asset Management Fund, in partnership with Universal Peak, has been selected by Malaysia’s Energy Commission to build and operate a 100 MW/400 MWh utility-scale battery energy storage system. The Blueleaf-Universal Peak consortium bagged the project in an auction that involved 28 bids, of which four were selected.

The Grid Controller of India proposed extending automatic generation control (AGC) to large-scale renewable energy projects above 100 MW, battery energy storage systems, and pumped-storage projects. Stakeholders can submit comments and suggestions by January 31, 2025. Primarily used for conventional power sources, AGC can address the intermittency of renewable energy by regulating power generation from renewable energy projects based on demand.

Inox Clean Energy, the renewable arm of the INOXGFL Group, along with its subsidiary, Inox Solar, raised equity totaling ₹31 billion (~$342.83 million), valuing the company at ₹500 billion (~$5.54 billion) pre-money. The equity round attracted participation from foreign and domestic investors, including the California Public Employees’ Retirement System, a U.S. pension fund, SUN Group Global, Authum Investment, Akash Bhansali, other family investors, and high net-worth individuals.

The Indian Energy Exchange traded a monthly electricity volume of 34.08 billion units (BU) during the third quarter of the financial year 2026, an 11.9% year-over-year (YoY) increase. In December 2025, the exchange traded 11.44 BU, rising 2.8% YoY. According to government data published in December 2025, India’s energy consumption reached 138.39 BUs, rising 7% YoY.

The European Union (EU) began implementing the definitive phase of its Carbon Border Adjustment Mechanism (CBAM), a policy that will attach a carbon-linked cost to imports of carbon-intensive goods such as iron and steel, aluminum, cement, fertilizers, hydrogen, and electricity. EU says CBAM is meant to put a fair price on carbon emitted during the production of goods entering the EU and to ensure European manufacturers are not undercut by imports made under looser climate rules.

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