After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.
The Chinese solar inverter manufacturer recently launched its new residential inverter MIN 2500-6000 TL-X in Telangana state of India in partnership with service provider 3S Solutions.
The high-level committee formed by Andhra Pradesh government to review and renegotiate the signed power purchase agreements with wind and solar power developers has the potential to impair the cash flows of projects in the sector.
The state government will defy a ministerial order not to renegotiate signed deals after leadership of the legislative assembly changed hands in May’s elections. Consultancy Bridge to India says the contracts are legally binding but the move will shake investor confidence nevertheless.
Developers can establish more generation capacity on the site if possible but must not fall short of 8 MW, according to the tender document. A pre bid meeting is due to be held tomorrow.
The state has decided to withdraw almost all incentives available to open access solar, including exemption from electricity duty and distribution losses for projects injecting power at 33 kV or below. The policy reversal—clearly to appease state discoms—is likely to impact capacity addition.
Delhi based Avanze Inventive will set up the Lithium-ion cells manufacturing unit in the state of Andhra Pradesh with the help of the Andhra Pradesh Economic Development Board (APEDB). The plant, with total size of 1 GW, will entail a total investment of Rs 1800 crore (US$ 256 million).
Following New Delhi based Urja Global, Singapore-based Ojovati and another Delhi-based company Avanze Inventive have signed memorandums of understanding (MoUs) for manufacturing of Lithium-ion cells and batteries in the state, respectively.
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