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Daily Archives: July 11, 2017

NLC India tenders for 709MW of solar in Tamil Nadu

According to reports, Indian state-run mining and power firm NLC India is to invite bids for the setting up of 709MW(AC) of solar PV projects in the state of Tamil Nadu. Projects will have a minimum size of 50MW(AC) capacity in a single location and must be commissioned 12 months from the date of the Letter of Award. The tender is for the design, engineering, manufacture, inspection at supplier’s works, supply insurance, transport, storage, erection, testing and commissioning, as well as performing O&M ... Read More »

India sees your bond bubble, will raise you a green one

According to reports, there’s a green bubble in India, with investors flocking to fund a planned tripling of renewable energy capacity over the next five years. Luckily for Singapore’s sovereign wealth fund, one of the more gung-ho backers of solar, wind and hydroelectric power in the country, there’s a bigger bubble out there — in global bond markets — that’s allowing the green mania to grow. GIC Pte owns 64% of Hyderabad-based, but Mauritius-incorporated, Greenko Energy Holdings. The latter appears to ... Read More »

Solar energy storage manufacturers want lower GST levy on batteries

According to reports, solar energy storage manufacturers have sought lowering the Goods and Services Tax levy on batteries. In a letter to Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy, and Mines, Piyush Goyal, the India Energy Storage Alliance said, “We believe the rates currently proposed for these components if applicable also to secondary batteries (that is rechargeable batteries/energy storage) could hinder the adoption of energy storage in grid applications such as energy access/Renewable Energy (RE) integration ... Read More »

GST impact on renewable power: Concerns delay auctions in Gujarat

According to reports, the state electricity board of Gujarat has extended the deadline to receive bids to develop solar and wind projects of 500 MW each. The decision was taken after prospective bidders wanted more time as “there is no clarity on GST rates”. The final date for bid submissions for both solar and wind projects has been extended to July 24 from July 10. Bidders also said Gujarat Urja Vikas Nigam (GUVNL) set the deadline at a relatively short span ... Read More »

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