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Downturn Due
The Director General of Safeguards (DGS) has proposed a provisional duty of 70 per cent for a period of 200 days on solar cells and modules and has issued its recommendations in a preliminary report.
DGS, GST, EPC, MNRE, KREDL, APGENCO, NTPC, SECI, Vinay Rustagi, Bridge To India, Gensol Group, Anmol Singh Jaggi
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Silver Linings
Since being identified as a potential response to India's crucial power challenges since the 1990s, wind energy has undergone a major shift in India, and even after a good 25 years, its full potential is yet to be realised.
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Indian solar tariffs fall 25percent in three months
Last week, SECI’s 750 MW utility scale auction in Bhadla solar park saw tariffs fall to a new astounding low of Rs 2.44 (US¢ 3.79)/kWh. This comes after much brouhaha over tariffs falling to Rs 3.25/kWh (levelised) and Rs 3.15/kWh in Rewa, Madhya Pradesh and Kadapa, Andhra Pradesh respectively in the last three months.
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The unintended consequences of low solar tariffs | BTI
India’s race to the bottom for solar power prices has resulted in some unintended consequences. These range from some electricity distribution companies (discoms) wavering on signing power purchase agreements for projects awarded at higher tariffs to postponement of some tenders, according to consulting firm Bridge to India.
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Bidding behaviour in solar not sustainable | BTI
In its latest report, 'Analysis of utility scale solar tenders in India', Bridge to India examines recent bidding history for all PPA-based, open category tendered projects to understand risk-return relationship in the sector. From July 2015 to December 2016, India allocated 12.6 GW of solar projects to private developers through an open, competitive tender process.
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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.
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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.
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