New Delhi: Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies’ dues which are estimated at around Rs. lakh crore. The prime minister regretted that the state governments are yet clear subsidy commitments amounting to Rs.75,000 crores to power companies.
Recently Niti Aayog released a new portal named as “India Energy Dashboards”. This is a great initiative by the government to put data access in the public domain. Though the present regulatory data related to Discoms is available for Maharashtra only. Also the data is available up to 2018. here are some of the observations […]
The solar PV market is a highly competitive, and fast-growing sector. With a present market size of over USD 150 billion, it is expected to grow at over 25% CAGR and reach over USD 1000 Billion by 2028. The rising demand for low-cost solar power has put immense pressure on the solar companies to innovate […]
The previous decade will be known for the transition of the power sector from the conventional coal-based plants toward renewable sources such as solar, wind, etc. For the first time ever, the renewable energy capacity addition overtook the capacity addition of the conventional sources. While the renewable energy sector showed significant growth overall in the […]
In recent AGM of Reliance group Mr. Mukesh Ambani has reveled his initiatives on Green Hydrogen. Certainly while we are taking large scale deployment of future, green hydrogen can play a vital role in meeting not only the fuel demand of future, but can also act as energy storage option for grid scale energy storage […]
The power purchase agreement (PPA) is a long-term contract which is susceptible to many risks and one of the many risks is the change in law. The PPA are susceptible to the risk of change in law when there are unexpected changes made to the laws applicable after the bidding for the tariff has been […]
The first solar auction after the announcement of the basic customs duty on solar imports fetched a tariff of Rs. 2.20, much to the surprise of the renewable energy industry. Currently, the lowest tariff discovered in the country is Rs. 1.99 per unit, which was also held by the Gujarat Urja Vikas Nigam Limited (GUVNL). […]
India will levy a customs duty of 40% on solar modules and 25% on solar cells from April 2022, according to a government document and two industry sources familiar with the matter, as it looks to cut imports and boost local manufacturing. India wants to ramp up its renewable capacity to 175 gigawatts by 2022 […]
Welspun Energy Pvt. Ltd. (WREPL) signed a PPA of a 100 MW solar project with Solar Energy Corporation of India (SECI) that was to be implemented in the Sattara district of Maharashtra in 2016. The PPA was signed at a tariff of Rs. 4.43 per kwh. During the implementation phase of the project, WREPL could […]
A petition was filed with Central Electricity Regulatory Commission (CERC) for PPA dispute resolution after ACME Solar Holdings Pvt. Ltd. along with its executing companies ACME Phalodi Solar Energy Pvt. Ltd. and ACME Raisar Solar Energy Pvt. Ltd., terminated this project which they had won at a historically low tariff of Rs 2.44 per kwh […]
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