Among the technologies, solar accounted for 216 tenders with a 73.7% share, followed by thermal with 33 tenders and an 11.3% share and hydro with 20 tenders and a 6.8% share.
India led the activity in Q4 2019 with 1,078 tenders and a share of 58.7%, up 4.2% over the previous quarter and up 12% when compared with the last four-quarter average, followed by the Philippines with 309 tenders and a share of 16.8% and Bangladesh with 184 tenders and a share of 10% during the quarter.
The company has bagged opportunities presented by the solar policy of the recently merged UTs, that makes it mandatory for industrial units to install solar rooftop projects, riding on its high project execution standards. Evenly spread across Daman, these projects are scheduled to be commissioned by the end of the current financial year.
"Total land footprint needed to meet India's renewable energy target is large, ranging from approximately 55,000 to 125,000 square km or areas, roughly the size of Himachal Pradesh or Chhattisgarh, respectively," the research, titled 'Renewable Energy and Land Use in India: A Vision to Facilitate Sustainable Development', stated.
Kalpataru Power Transmission Ltd said its wholly owned subsidiary Alipurduar Transmission Ltd (ATL), has successfully connected Alipurduar-Siliguri Line with the interconnection facilities of the grid. In March 2019, Alipurduar Transmission Ltd had commissioned the Kishanganj - Darbhanga line.
It wants to ensure that renewable energy tariffs are not changed after execution of contracts, and electricity regulatory commissions have more teeth to enforce power purchase agreements between projects and distribution companies (discom)
ICRA Vice President and Sector Head Girishkumar Kadam said the availability of grants was not an earlier part of the UDAY scheme. Nonetheless, timely implementation of such capex and the proactive focus by state discoms is critical, given that the scheme is result-oriented and subject to performance, he said.
The sector has been hit hard by oversupply in recent years, a consequence of a costly push to bridge India’s once chronic power deficit and expand reach to under-supplied rural areas. Power generators form a significant chunk of India’s $130 billion bad loan pile.
The government expects to spur about Rs 3 lakh crore of investments in the distribution sector through the latest discom restructuring scheme that it claims to be different from the three previous initiatives. The scheme is likely to come up in the upcoming budget since the previous Ujwal Discom Assurance Yojna is expiring in March.
The power distribution company has identified consumers who did not make payments despite several notices in 11,397 villages to disconnect their power connections.
Yes Bank has acquired 30% in Reliance Power's subsidiary Rosa Power Supply Company upon invocation of pledged shares, the bank informed bourses late on Tuesday.
The outstanding debt of the Jaiprakash Associates group company has reduced to less than Rs 6,000 crore, from more than Rs 11,000 crore, following the restructuring. The terms involve an interest write back of about Rs 2,000 crore that will help the company report a net profit this fiscal, people in the know said.
"Tata Power Solar Systems... a wholly owned subsidiary of Tata Power, has received letter of award (LoA) from NTPC for a 250 mw solar project under the CPSU (central public sector undertaking) scheme," the power firm said in a filing to BSE. The total value of the order is Rs 1,505 crore and the completion period is 20 months.
Coal India will continue to be India's biggest coal supplier even after the government’s decision to throw open the sector to private players through an ordinance, Union Coal and Mines Minister Pralhad Joshi said.
In a letter to Union Minister of State for Power, New & Renewable Energy, RK Singh, the Chief Minister has sought his personal attention towards framing of scheme/ guidelines for promoting biomass power projects by providing one-time viability gap funding in a phased manner, and for a pilot Biomass Solar Hybrid Power Project by MNRE.
