A new report proposes a scenario that prioritizes efficiency over variable costs in India’s coal power dispatch mechanism. It goes on to estimate the efficiency improvements and cost savings achieved in this scenario.
The Indian power sector is set for a revolution with the proposed market-based economic dispatch (MBED) mechanism. MBED aims to establish a uniform pricing framework that prioritizes the least cost and most efficient generators while backing down more expensive ones, thereby creating a national merit order.
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
Applications are invited for procurement of power generated from NTPC’s 735 MW solar power project in Nokh, Rajasthan. To qualify, the applicant must have a sanctioned load greater than 2 MW.
Jinchen Machinery has landed module production equipment orders from leading Indian solar manufacturers. It has already installed 2 GW of production lines and plans to supply the balance within three months. The company will open an India office in Surat, Gujarat.
Solar module prices have increased by about 15-20% over the last 4-5 months to around 22-23 cents/watt as of date. As PV modules comprise about 50-55% of the overall project cost, such an increase in the module price level, if sustained, may moderate the debt service coverage metrics for developers by about 12-14 basis points.
An Institute for Energy Economics and Financial Analysis (IEEFA) report says the sale of power in the futures market will benefit renewable energy developers and distribution companies alike.
A new Ieefa report discusses the viability of under-construction coal-fired power plants and evaluates the associated stranded asset risk in building additional coal-fired capacity in India’s electricity system.
The 500 MW solar auction cancellation by Uttar Pradesh comes as the latest blow to developers after a similar experience in Gujarat recently. Industry body NSEFI wants the central government to direct the state government to stop cancellation and issue the capacity to winning developers.
A new report stresses on rebooting the renewable energy certificate (REC) trading for a balanced energy transition in India. It proposes measures to make RECs more appealing to stakeholders and prepare the market for the possible supply crunch in the future.
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