Financial institutes cast doubts on the viability of projects
The target is achievable if you look at the wind potential and the capabilities of the wind turbine manufacturers, who can manufacture the machines and develop the workforce to execute the project. If you take that as a benchmark, then it is achievable.
Transition from FiT to competitive bidding is a progressive change
The wind energy sector has progressed significantly over the past decade. The installed capacity of the country has doubled in the last five years and reached a whopping 32,508 MW which is almost ~56 per cent of our installed renewable energy base.
Competitive bidding will lower procurement costs
The bids are fairly aggressive and assume most of the project risks to play out favourably. For achieving the good returns, generating PLFs of close to 35 per cent will be necessary through the life of the projects. Hence, location of the project will be very critical.
Competitive bidding a blow for wind power sector
CRISIL Research believes the advent of competitive bidding in wind power would change the market landscape and lead to a sharp reduction in tariffs, put pressure on returns across the value chain, and lead to consolidation of the market towards independent power producers.
On the Cusp of Transformation
Recent initiatives have improved public awareness and attracted investors to the Waste to Energy (WtE) segment. And, having experienced a learning cycle of last two decades, India is at the cusp of major transformation in MSW processing.
L and T makes its mark in Bangladesh
Larsen & Toubro Limited has commissioned gas turbines in open cycle for two large gas-based power projects in Bangladesh in quick succession during March 2017. The first 150 MW gas turbine for Bangladesh Power Development Board (BPDB)’s 225 MW Combined Cycle (Dual Fuel) Power Plant at Sikalbaha in Chittagong district was synchronised with the national grid on March 25, 2017.
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