No more wind-tariff decline in latest auction
Torrent Power, Re-New Power, Green Infra Wind Energy and Inox Wind Infrastructure were among bidders that won contracts in India’s largest auction of wind energy projects with tariffs that were at about the same level reached in the previous sale.
Power-packed M&A thrust
It can be a pure 'make-in-India' story in the making. Ever since the US has decided to pull out of the historic 'Paris Accord on Climate Change,' the weather for the renewable sector in the country is turning out to be exciting.
9 MW commissioned under in Karnataka Farmer’s Solar Scheme
Rays Infra Power has commissioned a 9 MW solar PV project, assigned by Brewer Energy Private Ltd. Despite facing challenges with the land being highly uneven, the dedicated project team adopted corrective measures and the project was commissioned within the stipulated deadline.
Bidders had choice to bid for 'indexe' fuel cost
At the time of bidding for the Gujarat UMPP and also in the Case-2 Bidding based on imported coal, the bidders had a choice to bid for an (indexed÷ fuel cost, which meant that any variations in fuel cost could be passed through to the procurers based on an indexation formula defined in the PPA.
Rahul Mishra appointed CEO of Rays Future Energy India Pvt. Ltd
Rays Power Infra Pvt Ltd, has appointed Rahul Mishra as CEO to lead new business initiatives under Rays Future Energy India Pvt. Ltd, which will be focusing on distributed solar generation including rooftop solutions, energy storage, e-vehicles, associated infrastructure and solar products.
Things will improve only when PPA bidding opportunities come up
While the government has announced measures on coal side and RBI is trying to give more elbow room to banks and institutions which have lend money to these projects, real improvement will come up only when PPA bidding opportunities come up.
Problem of Plenty
India has become a power surplus nation, albeit with certain caveats. In its wake, it has changed the whole paradigm of generation sources, with solar and wind hogging the spotlight and coal being relegated a bit.
Technology enables BoP to overcome sluggishness
To meet the growing power demand in India, resource generation capacities are being enhanced continuously and while coal based thermal power plants are still the main sources of generating electricity, wind and solar generating capacity have increased many folds over the past few years.
Green Shoots for BoP
The stagnant state of industrial output has resulted in lower demand for electricity. From the inactive state, when the economy starts picking up, it is expected that there would be a demand surge in the long term.