The developer will supply energy to the NTPC under a 25-year PPA and can build the project anywhere in India, with construction slated to finish in early 2021.
The state has set an electricity price ceiling of Rs3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.
Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.
The Indian Ocean state has received $10m in concessional loan funding from the development agency of Abu Dhabi, in a program co-financed by the International Renewable Energy Agency.
The historic French brand says it will focus on rail, telecom and infrastructure, but environmentalists hoping the move finally heralds a breakthrough for electric vehicles in one of the world’s biggest transport markets appear set to be disappointed.
The state’s second attempt to tender for 500 MW of capacity has made a mockery of predictions of rising PV electricity prices and exonerated utility for cancelling previous procurement round. But the absence of India’s cheapest solar energy generator from the latest exercise could be telling.
The Kolkata-based EPC company says failing to exempt SEZs from the new tariff defeats the point of the existence of such areas, which is to foster domestic manufacturing and industry.
Inspectors from solar risk management company PI Berlin visited six projects and exposed cost-cutting in installation, non-existent warranties, serious safety concerns and improbable performance figures.
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