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Tag Archives: JNNSM

27 solar projects under India’s national solar mission achieve financial closure

According to reports, all but one of the 28 companies that won solar photo voltaic projects in the second round of bidding under the National Solar Mission have achieved financial closure, the nodal agency for the programme, NTPC Vidyut Vyapar Nigam Ltd (NVVN) disclosed on Wednesday. The projects that will be put up by these companies will add up to 340 MW, which is a respectable capacity in the solar power sector. Roughly, Rs 3,000 crore will be invested in these ... Read More »

Solar power shines in India on photo voltaic panel price crash

According to reports, riding on the crash in photo voltaic (PV) panel prices, the  solar power sector in India had a dream run last year with capacity ballooning to 940MW in 2011-12 from a paltry 20MW in 2010-11. That’s just statistics. What’s significant and not borne out by these statistics is the fact that the cost of power from solar is now on a par with the cost of power from new coal-based plants. In industry parlance, it’s referred to ... Read More »

Probe Finds Lanco Didn’t Violate India’s National Solar Misison Program

According to reports, Lanco Infratech Ltd. (LANCI), the second- largest non-state utility in India, is complying with rules on ownership of solar plants, the government said after a report on the company’s shareholdings prompted a ministry investigation. “We’ve completed the inquiry,” Tarun Kapoor, the joint secretary at the Ministry of New and Renewable Energy, said by phone. “As of now their shareholdings are in compliance.” Lanco owned convertible preferred shares in companies that won national auctions to build solar projects ... Read More »

Indian Government plans to roll out 3,000-MW solar power projects

According to reports, the Government of India is working on a plan to roll out 3,000 MW of grid connected solar power projects in phase 2 of the Jawaharlal Nehru National Solar Mission. “The Government also has plans to set up four solar thermal power projects through the Solar Energy Corporation of India,” Mr Tarun Kapoor, Joint Secretary, Ministry of New and Renewable Energy (MNRE), said in a statement. He said that the Government will also work on 6,000 MW ... Read More »

Shree Ganesh marks it solar energy foray with Alex Group

Shree Ganesh Jewellery House (SGJHL) makes its debut in solar power business with Alex Group of Companies in, the Gujarat Solar Park. The company just commenced production with a 25 MW plant, with an investment of Rs 4 billion. Alex Group of Companies is aggressively looking at scaling up the solar energy business, targeting 500 MW in 3 years with a ballpark investment of Rs 50 billion. Funding will be done through private equity participation and internal accruals. The business ... Read More »

Domestic sourcing for solar mission no violation of WTO rules- India tells US

According to reports, India has told the US that it does not intend to alter the domestic content requirement in its ambitious national  solar power generation programme as it is essentially procurement by the government, which is outside the purview of the World Trade Organisation. “India is not a signatory to the Government Procurement Agreement under the WTO and hence is not under any obligation to follow rules prescribed by it,” a government official told ET. US commerce secretary  John ... Read More »

Sourcing row in Jawaharlal Nehru Solar Mission

According to reports, the Jawaharlal Nehru Solar Mission (JNSM) has come under harsh criticism from the US and EU owing to its policy which requires use of local content for the project. The mission is being executed by the Ministry of New and Renewable Energy with the objective of promoting the use of solar energy. While local content requirement is part of many investment policies, it appears to be against the principles of General Agreement on Tariffs and Trade (GATT) ... Read More »

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