Installations

The New Delhi-based developer posted a Rs136 crore loss from October to the end of December but has managed to shift current liabilities into the long grass as it aims to continue on an expansionist trail, backed by the Canadian pension fund which holds almost half its shares.

At 58 GW, the state of Maharashtra has the greatest potential to generate solar energy through floating PV or ‘floatovoltaics,’ according to a study by The Energy and Resources Institute.

Tariff ceiling is fixed at Rs 4 per unit for ground-mounted, grid-connected solar projects that will come up across four regions of the state. The projects are to be developed on build-own-operate basis for supply of power to Assam Power Distribution Company Limited for a period of 25 years. Bidding closes on February 21.

Having bagged 2.250 MW capacity in January, the Gujarat-based power generator has won four more solar projects—900 KW for JPB Fibers, 675 KW for N.J. Textile Industries, 135 KW for N.J. Texturisers and 950 KW for Sailaxmi Tex—aggregating to a capacity of 2.66 MW.

Delay in sourcing of PV modules from China can cause project cost and time overruns, inviting penalties for missing the commissioning date.

The winning startups will receive lab-to-market incubation support at the Clean Energy International Incubation Centre (CEIIC), which has been set up by the not-for-profit platform Social Alpha with support from Government of India and Tata Trusts in Delhi.

Removal of solar trade duties, discom reforms, and better central-state government coordination are prerequisites to increase renewable project development in the country.

Panellists including a government representative and a member of the chief policy thinktank used by Narendra Modi agreed coal will continue as the staple source of Indian power into the mid century and technology should be employed to ‘clean’ it.

The grid-connected solar project shall come up at a reservoir of NTPC’s Auraiya Gas Power Plant in Uttar Pradesh. It is to be developed under Open category, allowing use of solar cells and modules of any origin.

Gujarat Urja Vikas Nigam Ltd has invited global bids to set up 500 MW of grid-connected solar projects. It shall enter into a 25-year PPA with successful bidders. Tariff ceiling is set as Rs 2.65/unit. Another tender for 185 MW—floated by Gujarat State Electricity Corporation Limited—seeks to select EPC contractors for plants ranging from 20 MW to 40 MW, which shall come up at various substations of Gujarat Energy Transmission Corporation Limited.