The recently proposed guidelines allow electricity cost reduction of only Rs 3.64/unit for commercial and industrial consumers, which is not even sufficient to recover the capital costs of setting up the solar infrastructure.
The technology brings environmental, economic and social benefits, says the senior VP of Ciel et Terre’s Indian business. However, the nation’s obsession with price dictating business decisions, he adds, ignores the truism that ‘in the long run, cheap products lead to more cost’.
December 3 is the new bidding deadline for the grid-connected solar project that is to be set up on develop-build-demonstrate-transfer basis anywhere in India. Techno-commercial bids will open on December 4.
Bids can be submitted till December 27 for the project which shall come up at the state-run power producer’s Panchet project in Dhanbad district. The project shall be awarded through tariff-based domestic bidding followed by reverse auction.
While 95.67 MW has already been installed on various railways buildings, 248.46 MW capacity—awarded by Railway Energy Management Company Limited—is under different stages of execution.
The order enabling payment of a rupee for every kilowatt-hour generated by off-grid PV systems has been extended until October 2021 because of anticipated delays in the state electricity board hitting its renewable purchase obligation.
Developers have until December 3 to submit bids for the project which shall come up on dams at Haripura (27 MW) and Tumariya (13 MW) in district Udham Singh Nagar. The project will be awarded through tariff-based competitive bidding.
Developers will be spared interstate transmission system charges if their projects are secured through public capacity auctions held to enable electricity distribution companies to achieve their renewable purchase obligations, and provided the facilities are commissioned before 2023.
The Chinese company plans to roll out 2 GW of inverters annually from its manufacturing unit which will have two assembly lines—of 1 GW each—for central and string inverters.
The Beijing-headquartered Asian Infrastructure Investment Bank—which recently approved a US$75 million loan to Tata Cleantech Capital—sees private-sector investment flowing into the nation’s solar and wind projects next month onwards.
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