The New Delhi-headquartered power trading company has signed a Memorandum of Understanding with the South Korean power plant maintenance specialist to acquire and revive stressed assets in the power sector.

The state-owned engineering firm will supply and set up a cumulative 410 kWh of battery energy storage systems in Delhi under UI-ASSIST (US-India Collaborative for Smart Distribution System with Storage) initiative of TERI.

Manufacturers and integrators of solar-based drinking water kiosks, solar trees, solar street lighting systems, and e-rickshaw charging infrastructure can submit their interest by August 29. 

Certain businesses such as engineering, procurement, and construction shall be retained by the existing promoters of C&S Electric which has five operational renewable energy (four wind and one solar power) projects with a combined capacity of 174 MW.

India imported solar cells and modules worth $1.3 billion from China in FY2019-20. Domestic manufacturers have demanded a level playing field to compete against cheaper imports.

The state-owned electronics manufacturer has signed a memorandum of understanding for technology transfer with Vikram Sarabhai Space Centre of Indian Space Research Organisation.

Bids are invited from Indian manufacturers to supply polycrystalline solar modules with an efficiency of a minimum 16.75%. Bidding closes on September 3.

Covid-19 hits to demand and bill payment collection have worsened the plight of the nation’s already debt-crippled power distribution companies, prompting the government to order an exceptional relaxation of lending limits.

The market-based mechanism will allow resource-rich and resource-deficit States to trade renewable energy and balance their renewable purchase obligation (RPO) targets. 

Some 1 GW of utility scale project capacity was added to the end of June.