Solar sector to show spiralling growth in India
By 2022, about 175 GW installed capacity of renewable energy is to be achieved, which includes 100 GW from solar power. India will turn into a renewable energy hub by achieving this target.
Spike in spot power prices likely to be temporary: BTI
Average clearing price for power on the energy exchange has been inching up from Rs 2.61/kWh seen on September 02, 2017 and spiked up to a high of Rs 9.91/kWh last week. Current prices are in the range of Rs 5.00-6.20/kWh range. These high prices are in stark contrast to the past two years, when power was selling at near a ten-year low of Rs 2.20-3.80/kWh
What is expected of India's new power minister, asks BTI
In a major cabinet reshuffle, India’s erstwhile Minister of Power and Renewable Energy, Piyush Goyal, demitted office to become the new Minister of Railways. RK Singh, an erstwhile bureaucrat and now a Member of Parliament, has been appointed as the new minister.
UDAY has been successful in achieving its most important objective | BTI
It has been nearly eighteen months since the Ministry of Power announced the vital Ujwal discom Assurance Yojana (UDAY) scheme for financial and operational reform of power distribution companies (discoms) in India. Twenty six states and union territories, including four of the worst affected states – Rajasthan, Tamil Nadu, Uttar Pradesh and Haryana – have signed up for the scheme.
Jharkhand shows the perils of participating in state government tenders | BTI
In the second half of 2015, Jharkhand Renewable Energy Department (JREDA) had announced India’s then largest tender for allocation of 1,200 MW of ground mounted, grid connected solar projects. The tender size was so large as to meet over 90 per cent of the state’s peak power consumption and over 20 per cent of its overall power requirement.
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