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Monthly Archives: June 2017

Andhra Pradesh signs wind power PPAs, does U-turn, wants 25 pct price cut now

According to reports,  Andhra Pradesh’s electricity distribution companies (discoms) signed power purchase agreements (PPAs) with various wind power generators at between Rs 4.76 and Rs 4.84 per unit in 2015, at tariffs that looked competitive then. But now that, two years later, Solar Energy Corporation of India (SECI) managed to get bids as low as Rs 3.46 per unit — SECI invited bids for 1,000 MW — the Andhra Pradesh discoms want their PPAs to be revised down to these ... Read More »

India’s clean energy sector could create 300,000 new jobs by 2020: Study

According to reports, more than 300,000 new workers can be employed in wind and solar jobs and more than one million total employment opportunities can be created in achieving India’s ambitious clean energy goals to install 175 gigawatts (GW) of renewable power by 2022, said a study released on Wednesday. It highlighted that the solar and wind energy sectors employed more than 21,000 additional people across India in 2016-17 while an additional 25,000 people will be employed over the coming ... Read More »

Chennai Metro to draw solar power, save ₹1.5 crore a year

According to reports, the Chennai Metro Rail Ltd, a joint venture of the Central and Tamil Nadu governments, intends to install solar power plants at its stations and the Koyambedu maintenance depot to provide 6 MW of electricity. Bengaluru-based CleanMax Solar will put up and own the solar plants and sell the power to Chennai Metro. The price at which the energy will be sold has not been disclosed, but a press release from CleanMax says Chennai Metro would save ... Read More »

Chinese firms inks deal with Adani, to invest $300 million in Gujarat

According to reports, India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat. “The MoU signed between the two leading companies from India and China proposes to set up manufacturing units in Mundra SEZ, Gujarat to produce solar power generation equipment, chemicals, aluminum and animal feed, and to put in place East Hope Group’s engineering and ... Read More »

‘Over the next decade solar cost will come down by 60 per cent’

According to reports, as the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an authority on renewable energy economics. BusinessLine grabbed the Kenyan economist for a chat on the sidelines of the 8th Clean Energy Ministerial, Beijing, that took place on June 8. A keen observer of India’s tryst with renewable energy, Amin makes certain oblique references to the re-opening of power purchase agreements in India after they are ... Read More »

Rama Steel Tubes may gain after installing solar project

According to reports, Rama Steel Tubes announced that it has installed solar project at Khopoli facility, Maharashtra. This solar project will be generating 1100 MWh / Year of energy, same amount of energy needed to power the installed and upcoming capacities. The announcement was made after market hours yesterday, 19 June 2017. The solar project has a capacity of 750 KWp and will generate the same amount of energy needed to power the current as well as the planned upcoming ... Read More »

Why India’s smart grid infrastructure is integral for power sector

According to reports, globally, the digital revolution has increased need for electricity with greater reliability and better quality than is typically delivered through conventional power distribution systems. As more manufacturing processes and service industries become dependent on digital services, the requirement for high security, quality, reliability, and availability of an electric power supply will only go up. India’s existing infrastructure has been designed for large conventional sources of energy that involves manual intervention and oversight. However, with the government’s thrust ... Read More »

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