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Monthly Archives: February 2017

No such thing as a perfect renewable energy contract

According to reports, India’s 175 GW renewable energy (RE) targets by 2022 are ambitious, to say the least. Compared to RE targets in Europe, China, or California that require 4-5% growth in RE capacity annually, Indian targets require 25% growth. This translates to enormous capital investment (well over $100 billion), including from global investors. RE investors used to complain that dealing with India was like dealing with 30 countries; each state had its own norms. The model bidding document across states ... Read More »

Faced with challenges, power producers turn to group captive model

According to reports, the more than a decade old group captive model is attracting attention as power producers in the country continue to struggle with idle capacities, lack of long-term power purchase agreements (PPA), low merchant rates and pending dues from the state-run distribution companies. In October 2015, OPG Power Generation Pvt Ltd made a major shift in terms of sales from two of its power plants as it began selling to group captive consumers instead of the Tamil Nadu Generation ... Read More »

ABB to make India export hub for high-end power gear

According to reports, Swedish power equipment and robotics company ABB Ltd will transfer new smart-grid technologies to its Indian arm and ramp up local production to make the country an export hub for high-end power transmission systems and micro-grids, ABB India Ltd chief executive officer and managing director Sanjeev Sharma said. The idea is to capitalise on the growing market in India for energy-efficient equipment in the entire electricity value chain and for micro-grids capable of addressing power deficit in ... Read More »

Northeast region adopts renewable energy to overcome power crisis

According to reports, India’s northeast region is endowed with rich natural and energy resources. With an aim to encourage clean energy, northeast has adopted various means of renewable sources to be self-reliant in the energy sector. A 40-kilowatt solar power plant was recently inaugurated in Assam’s Jorhat city with an aim to utilize the energy resources. In 2015, the then government of Assam sanctioned 50 lakh rupees to encourage solar power generation in the area. The plant at Don Bosco ... Read More »

LNJ Bhilwara Group appoints Yes Bank for wind energy portfolio sale

According to reports, in an indication of growing consolidation in the Indian wind energy sector, Ravi Jhunjhunwala’s LNJ Bhilwara Group has put up its wind energy portfolio for sale and hired Yes Bank Ltd to run the process. According to the 2015-16 annual report of Bhilwara Energy Ltd (BEL), the holding company for the group’s power businesses, the company has a wind power project portfolio of 103.5 megawatts (MW). “LNJ Bhilwara Group plans to sell its entire wind project portfolio ... Read More »

NIIF to raise Rs 8,000 cr in FY18,fund projects of Rs 16,000cr

According to reports, the National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for the next fiscal. The government has allocated Rs 1,000 crore budgetary support to NIIF which will be leveraged to raise Rs 8,000 crore from strategic anchor partners, namely multilateral and bilateral institutions, sovereign wealth funds, pension funds and domestic public sector enterprises, according to Output Outcome Framework for Schemes 2017-18. This will fund ... Read More »

Solar power tariff drops from Rs 7.1 to Rs 4.4 per unit in 1 yr in Tamil Nadu

According to reports, Solar power generation tariff was fixed at Rs 4.40 per unit by Tangedco on Saturday .With this, the tariff came down from Rs 7.10 to Rs 4.40 within a year. The Tamil Nadu Generation and Distribution Cooperation (Tangedco) opened the bids for 300MW of solar power to be set up during 2017-18 and found a bid for 100MW at Rs 4.40 per unit and the upset tariff fixed by the discom was Rs 4.50 per unit. “This ... Read More »

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