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Monthly Archives: March 2017

Azure Power wins 46 MWs solar rooftop projects from Indian Railways

According to reports, Azure Power today said it has bagged from Indian Railways 46 MWs of solar rooftop projects spread across eleven states in India. The power purchase agreement (PPA) will be signed with Indian Railways for their respective zones and coach factory for 25 years, the company said in a statement. According to the statement, the average tariff for the project is Rs 4.63 (USD 7 cents) per kWh with an additional capital incentive of Rs 933.5 million (USD 14 ... Read More »

Solar energy reaches another milestone

According to reports, figures released by the Central Electricity Authority today show that the Indian solar energy sector crossed a milestone in January – generating over 10 billion units of electricity for the first time. In the April 2016-Januray 2017 period, solar power plants in India generated more than 10,565 million kWhr of electricity—roughly twice (5,726 million kWhr) as much as it did in the corresponding period of last year, albeit on a higher installed capacity base. It is pertinent ... Read More »

Gujarat, Andhra Pradesh refuse to pay more for wind power

According to reports, two of India’s high wind energy potential states have refused to buy wind power at a rate higher than the one arrived at the country’s first ever wind power auction, putting in jeopardy about 500 MW of projects in these states. The auction, completed in February, had brought wind power tariff down steeply to Rs 3.46 per kwH. But before the auction, power regulators in Andhra Pradesh and Gujarat had set the tariff for 2016-17 at Rs ... Read More »

GOVT TO ENCOURAGE POWER THROUGH SOLAR ENERGY

According to reports, Central and State Governments are encouraging power production through solar energy. The programme of installing rooftop solar plants over the buildings of institutional areas is being comprehensively implemented across the State and the country. Under this scheme, orders for installation of solar power plants in 39 collector offices of the State have been issued by MP Urja Vikas Nigam. The 39 solar power plants to be installed in the 39 collector offices of the state would have ... Read More »

Vikram Solar ties up with Israels Water-Gen

According to reports, Vikram Solar today said it has signed an MoU with Israels Water-Gen to develop clean and hygienic drinking water solutions in the country. “The technology developed by Water-Gen to create and store drinking water by harvesting condensation from air, provides a potential solution to the clean and safe drinkable water crisis faced by India,” Vikram Solar said in a statement. According to the statement, the larger objective of this collaboration is to make available drinking water to ... Read More »

Atria Power in talks to raise $100 million in structured debt from Piramal

According to reports, Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million, two people aware of the development said. Atria, which is backed by marquee investor GE Energy Financial Services, an affiliate of General Electric Co., is seeking to expand capacity and repay investors with the proceeds, one of the two said on condition of anonymity. The finance will be extended by Piramal Enterprises Ltd’s structured finance ... Read More »

Maharashtra to reboot wind power purchase pact after 3 years

The Maharashtra State Electricity Distribution Company, the prime power utility, is ready to ink power buying agreements with wind developers in the state after a hiatus of three years. The president of the Wind Independent Power Producers Association said in an official statement that they have received an assurance from the discom about the immediate roll out of the PPAs of wind projects. He added that the discom will proceed in chronological order and with PPAs of those developers whose ... Read More »

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