Gujarat

Following NTPC’s 320 MW project, Tata Power has won the order to build 95 MW of ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The order value of the project is around INR 460 crore ($63 million).

The selection of developers to set up 500 MW solar project capacity and supply power to the Gujarat Urja Vikas Nigam Ltd will be done through competitive bidding followed by reverse auction. Bidding closes on February 23.

Bids are invited to supply, install and commission a module cleaning system for the entire solar plant. The work scope also includes operation and maintenance support for three months after commissioning.

The 150 MW solar plant in Kutchh is Adani Green Energy’s third PV commissioning within a month. Its other two solar capacities that became operational since December end include 100 MW at Khirsara, Gujarat, and 25 MW at Chitrakoot in Uttar Pradesh. 

The Gujarat-based solar developer has signed solar power supply agreements with textile manufacturer Ginni Filaments Limited (for 1.2 MW) and Sankalp Paper Industries (1.3 MW).

The solar electricity price in India has dipped further to an all-time low of INR 1.99/kWh in a 500 MW Gujarat auction held recently, which is 0.5% lower than the previous record of INR 2/kWh set a month ago.

An analysis by India Ratings and Research (Ind-Ra) says improvements in PV panel designs and costs, lower financing costs, and state-specific sectors such as the location’s solar potential and certain waivers have driven the decline in Indian solar tariffs.

The solar glass manufacturer plans to utilize the funds to more than double its solar glass production capacity from 450 tonnes per day (TPD) to 950 TPD.

The Japanese firm, which established the lab in association with Germany-headquartered technical advisor PI Berlin, eventually plans to set up a diagnostic business for solar panels and power plants in India.

With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.