Gujarati utility GUVNL hoped to allocate 1 GW of capacity at the solar park but ended up awarding just a quarter of that figure, with Tata Power Renewable Energy the beneficiary. A bid for 50 MW of capacity by the state-owned Gujarat Industries Power Company Ltd was rejected.
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
In response to feedback from the domestic renewable energy sector, the Indian government has revealed plans to launch $5 billion of tenders for new transmission lines, starting in phases from this summer.
The revenues of Switzerland-based Leclanché have increased more than 2.5 times to exceed CHF 47 million in 2018 compared to CHF 18 million in 2017.
The state-owned Sardar Sarovar Narmada Nigam will set up the 100 MW solar project atop branch canals of river Narmada at an estimated cost of Rs 100 crore. Four locations in central Gujarat have already been identified for the project.
Aggressive bidding secures price of Rs2.55 for U.S. company in a procurement exercise whose results are unlikely to see GUVNL throw its toys out of the pram.
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