Maharashtra Proposes RPO Compliance Regulation Changes

18 Aug 2023 CW Team

The Maharashtra Electricity Regulatory Commission (MERC) has put forth amendments to the Renewable Purchase Obligation (RPO) and its Compliance and Implementation of Renewable Energy Certificate Framework Regulations of 2019. The proposed changes encompass Wind RPO, Hydro Purchase Obligation (HPO), Energy Storage Obligation (ESO), and other RPO compliance rules. The operating period for the suggested RPO framework will begin on April 1, 2020, and conclude on March 31, 2030. Key provisions include the ability to meet Wind RPO through energy from new wind projects post-March 31, 2022, and surplus energy from earlier projects. The HPO must be met through energy from hydro projects commissioned between March 8, 2019, and March 31, 2030. The ESO will be quantified in energy units, with a minimum of 85% of the annual energy stored in the Energy Storage System originating from renewable sources. Incentives and penalties have been outlined for DISCOMs based on their achievement of RPO targets.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..