Double blow for SECI as mega tenders are met with apathy

Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.

Up to $1 billion expected from Sterling & Wilson solar share sale

Around US$1 billion is expected to be raised in the sale of up to 30% of Sterling & Wilson’s solar engineering arm. The funds will come from a pre-listing stake sale followed by an initial public offering (IPO), and will be used to reduce the debt of the 153-year-old conglomerate.

Fears 10 GW solar tender will be scrapped

The Solar Energy Corporation of India’s (SECI) much-hyped 10 GW manufacturing-linked tender, which has already been postponed six times, received a very tepid response on Monday, the last submission date.

SECI to float 4 GW of solar tenders in 4 months

Caught in a confusion of canceled auctions, tariff wars, safeguard duties and missed targets, the Indian government is now fast tracking solar power, having asked the Solar Power Corporation of India (SECI) to float 4 GW worth of tenders in four months.

CERC orders $30 million GST compensation payment

India’s Central Electricity Regulatory Commission (CERC) has ordered government agencies to reimburse nearly US$30 million incurred by solar power developers as additional capital expenditure under the Goods & Services Tax (GST) laws, which came into effect on July 1, 2017.

Tariff tussle grows over pricing of 970 MW project

The Solar Energy Corporation of India (SECI) and Karnataka Electricity Regulatory Commission (KERC) have locked horns over the power pricing of a 970 MW solar project.

SECI hikes tariff ceiling to lure bidders

Reeling from a no-show from bidders at various auctions, the Solar Energy Corporation of India (SECI) has raised the ceiling price for two of its mega tenders by 10 paise (US$0.0014) each.

India-Taiwan safeguard duty talks hit an impasse

India and Taiwan have failed to reach an agreement at the World Trade Organisation (WTO) over the 25% safeguard duties imposed by India on solar imports. The talks, however, will continue.

Indian PV procurement leapt to 3 GW in October figures

Developers gave short shrift to gloomy predictions about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but they shied away from the tough price caps set for SECI’s procurement exercises.

SECI director floats idea of further large-scale reservoir PV

With the Solar Energy Corporation of India having already proposed 10 GW of solar be located on artificial bodies of water over the next three years, Shailesh Mishra has mooted ambitious plans at four more locations.

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