Lawyers working in the renew-able energy sector in India have been busy. Despite a global pandemic, India’s renewable energy market has continued to grow, underpinned by government support and a global emphasis on sustainability.
In 2020, M&A transactions in the country of around $2 billion saw a 75 per cent jump from transaction volumes estimated at $1.2 billion in 2019, according to KPMG. India also is now the world’s third-largest electricity producer, just surpassing Japan and Russia, and demand is only expected to grow, according to a report from PwC.
Lawyers say a raft of factors have contributed to the recent market trend.
AIPEF urges chief ministers to seek more time for comments on draft Electricity (Amendment) Bill
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Last Updated: Feb 16, 2021, 04:46 PM IST
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AIPEF Chairman Shailendra Dubey has written a letter to all the chief ministers with a copy to the principal secretaries (power) of all states and chairpersons of state discoms to take up the issue of (unnecessarily) rushing through the bill .
Reuters
According to the statement, at present, the bill has been circulated only to principal secretaries of states and CMDs of state discoms, and therefore lacks transparency as required under the Electricity Act 2003.
New Delhi: The All India Power Engineers Federation (AIPEF) has urged chief ministers to seek more time from the central government for submission of comments on the draft Electricity (Amendment) Bill 2021. AIPEF has urged all the Chief Ministers and Lt. Governors to seek at least three months time from the central government for the submission of comments a
›Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access
Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access
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Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission accessBy
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The Union Power Ministry has invoked special dispensation available under section 107 of the Electricity Act to allow transfer of attached transmission connectivity to the buying firm, sources said.
Agencies
The renewable energy sector witnessed an unprecedented jump in acquisition in 2020. PwC had estimated that deals totalling about $4 billion were made in the sector in 2020 against about $2.7 billion in 2019.
Appellate Tribunal for Electricity upset at lack of cooperation from Tangedco
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February 14, 2021 01:24 IST
It also records displeasure over the conduct of an official who appeared for the case pertaining to claim by D.B. Power for late payment surcharge
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It also records displeasure over the conduct of an official who appeared for the case pertaining to claim by D.B. Power for late payment surcharge
The Appellate Tribunal for Electricity (Aptel) has expressed concern over the lack of co-operation from Tangedco in a case relating to payment of dues to a private power producer. It also recorded its displeasure over the conduct of a Tangedco official who appeared in the case.
Government extends tenure of Central Electricity Regulatory Commission chief, members till next year
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Gujarat cadre bureaucrat Pradeep Kumar Pujari, former power secretary, was appointed to head CERC for three years till January 31. Jha took over as member CERC in January 2019 and Goyal was appointed on April 7 this year.
Reuters
Pujari is the first chairman of the power regulator to get tenure extension even as the Electricity Act, 2003 forbids it.
New Delhi: The government has issued order for extension of the tenure of former Gujarat cadre bureaucrat Pradeep Kumar Pujari as chairperson of the Central Electricity Regulatory Commission (CERC) till mid-next year.