Climate Policy Initiative and REConnect Energy have developed an innovative mechanism called Garuda to retire old, inefficient thermal plants with equivalent renewable capacity. The scheme proposes a blended tariff that would include the normal tariff for the new renewable energy plant plus the cost of decommissioning the old fossil fuel plant, while making the provision for green bonds to finance RE.
Indian solar sector remained buoyant even amid Covid pandemic as 15.3 GW of solar capacity (including solar-wind hybrid) was sanctioned in the current year’s first half itself. However, returns expectations from equity investments rose from around 14% in the first half of 2019 to 16-17%, indicating heightened risk perceptions among investors.
The state-run power company has invited engineering, procurement and construction services contractors and developers to bid for its solar project contracts, excluding the supply of PV modules. Applications can be submitted until November 19.
State-owned engineering major Bharat Heavy Electricals Ltd (BHEL) has retendered supply of string monitoring boxes with wireless communication for NTPC’s 20 MW solar project at Gandhar in Gujarat. Bidding closes on October 27.
A joint report by the Institute for Energy Economics and Financial Analysis (Ieefa) and the CEEW-Centre for Energy Finance (CEF) has recommended indexed tariff structure over flat rate for future renewable capacity, with front-ending tariffs as low as INR 2/kWh, to ease near-term financial pressure on discoms.
The state-run hydropower company is targeting 340-350 MW of generation capacity in the 1.5 GW tender being held by SECI and state utility Madhya Pradesh Urja Vikash Nigam Limited. NHDC has opened a global tender to seek a panel supplier.
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