The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.
The chargers will be set up in six cities (Agra, Bengaluru, Goa, Hyderabad, Ranchi, Shimla) and along Delhi-Jaipur-Agra-Delhi and Mumbai-Pune-Mumbai highways.
The purchased solar portfolio is relatively young with average remaining PPA life of around 22 years.
The ‘Paper Boat’ brand of beverages manufacturer will meet 58% of its energy requirement through rooftop solar power at their manufacturing plant in Mysuru.
Currently, the independent power producer has over 500 MW of open access solar portfolio, with leading IT and manufacturing giants among its client base.
With Karnataka withdrawing open access waivers and the policy not replicated elsewhere, corporate buyers are increasingly favouring group captive projects that are exempt from the cross-subsidy surcharge—the largest and most unpredictable component of grid charges for open access power.
The success of the e-bike cycling tours – which operate out of recycled shipping container ‘e hubs’ – looks set to be replicated in four more states in short order.
Three dual renewable energy generation projects are up for grabs with the state owned railway management company having set a tariff ceiling of Rs2.70/kWh for projects which will be dominated by wind capacity.
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