IREDA, Rewa Ultra Mega Solar ink Rs 216 cr sub-loan agreement
Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar (RUMSL) today signed a Rs 216 crore sub-loan agreement for Rewa and Mandsaur solar projects in Madhya Pradesh. IREDA CMD K S Popli and RUMSL Chairperson Manu Srivastava have signed the agreement.
Anti-dumping duty on solar cells to prove costly for projects
The solar power industry is getting jittery over a move to levy anti-dumping duty on solar cells. The move comes at a time when the viability of the recently awarded projects at tariffs below Rs. 3.5 per unit is being questioned by analysts due to rising prices of solar modules sourced from China.
New solar bidding guidelines will boost investors' morale: ICRA
MNRE’s recent guidelines for solar energy bids, are a positive development for the sector as it addresses some key concerns, a report by rating agency ICRA states. Some of these concerns are off-taker credit profile, grid curtailment and termination payments.
Solar tenders and auctions have slowed in India | Mercom
While solar installations in India have picked up speed, tender and auction activity have been slowing down over the last couple of quarters. According to the Mercom India Solar Project Tracker, about 1.9 GW of solar was tendered in Q1 2017 (1 GW of this was a retender) compared to 3.4 GW in Q4 last year.
Indias first wind power auction sets record low tariff
India's first ever wind power auction has resulted in a record low wind power tariff of Rs.3.46 (US' 5.2)/kWh, just marginally higher than the record low levelised tariff of Rs.3.29 (US' 4.9)/kWh in the recent Rewa solar auction. Mytrah, Sembcorp, Inox and Ostro are the winning bidders and will be awarded 250 MW each. Successful bidders will sign 25-year PPAs with PTC India, which will sign back-to-back PPAs with discoms.
India's first wind power auction to upend traditional business model | BTI
India’s first ever wind power auction has resulted in a record low wind power tariff of Rs 3.46 (US¢ 5.2)/kWh, just marginally higher than the record low levelised tariff of Rs 3.29 (US¢ 4.9)/kWh in the recent Rewa solar auction. Mytrah, Sembcorp, Inox and Ostro are the winning bidders and will be awarded 250 MW each. Successful bidders will sign 25-year PPAs with PTC India, which will sign back-to-back PPAs with discoms.
India's problems with coal sector continue | BTI
In January 2017, India’s coal imports declined by 22 per cent to 14 million tonnes because of lukewarm demand from power generating stations. Coal India Limited, which accounts for 80 per cent of domestic coal production, has posted its worst ever financial results for H1-FY17 as revenues declined even as expenses rose. At the same time, PLF of thermal power stations continues to be near all-time lows of under 60 per cent.