Home » 2017 » April » 16

Daily Archives: April 16, 2017

Three-layer safety mesh brings down Rewa solar power tariffs

According to reports, India’s solar power tariff saw a new dynamic with Rewa Ultra Mega Solar Ltd (RUMSL) getting a rate of ₹3.30 per unit raising questions on how this was achieved for the otherwise expensive green power. This was achieved by working through the contract in such a way that it becomes beneficial for all — developer, procurer and the consumer, said Bhanu Mehrotra, Global Sector Lead for PPP Advisory on Solar, International Finance Corporation. IFC is the lead ... Read More »

Delhi Metro to sign agreement for Rewa solar power tomorrow

According to reports,  Delhi Metro Railways Corporation and Madhya Pradesh Power Management Company will sign a power purchase agreements with Rewa Ultra Mega Solar Limited, the implementing agency for the “world’s largest single-site solar project”, here on Monday. The 750 MW solar park that will produce cheapest solar power has recently completed its first phase. Signing of power purchase agreement between the developers, MPPMCL (Madhya Pradesh Power Management Company Limited), DMRC (Delhi Metro Rail Corporation), RUMSL (Rewa Ultra Mega Solar ... Read More »

Nalco to set up 150 MW wind, solar plants

According to reports, Navratna PSU Nalco is planning to set up wind and solar power plants of 150 MW in the State for which it has sought early allocation of land from Odisha Government, said Minister of State for Power, Coal, New and Renewable Energy and Mines Piyush Goyal here on Saturday. Addressing the gathering at the unveiling ceremony of Nalco’s wind power plants, he said while the nation is transforming into a global leader under the Prime Minister’s Swadeshi ... Read More »

GST slab: Will it be breeze or blaze for players in wind and solar sectors?

According to reports, players in the solar and wind energy sectors are in fix over the tax slab they may fall under the Goods and Services Tax (GST) regime. Currently, the effective tax rate on wind energy is 8.5 per cent, and that on solar energy generated from imported panels is close to 1.5 per cent. According to Harpreet Singh, Partner, Indirect Tax at KPMG India, “The government is likely to put renewable energy under the 5 per cent slab ... Read More »

Limit on ‘rooftop solar power’ output scrapped in Gujarat

According to reports, Chief Minister Vijay Rupani on Thursday announced a key change in the ‘Rooftop Solar Project Policy for Homes’ — the condition that the solar plant’s capacity should be within 50% of the sanctioned load has been removed. He announced the relaxation to resolve difficulties faced by people in optimum utilization of their rooftop solar power plants. People with even low sanctioned load can now go for maximum utilization of capacity. Gujarat had announced the rooftop solar plant policy ... Read More »

Andhra Pradesh power regulator, main generation company spar over wind energy tariff

According to reports,  Andhra Pradesh, the most aggressive state in building renewable energy capacity last year, may soon lose its momentum because of a standoff between the state’s power regulator and its main generation company over the future cost of wind power. As it does every year, on March 30, the Andhra Pradesh Electricity Regulatory Commission (APERC) passed an order setting down the preferential tariff the state would pay for wind power in 2017-18. But the state’s main generation company, ... Read More »

Scroll To Top