The plant—with Maharashtra State Electricity Distribution Co. Ltd as the offtaker—is the company’s first ISTS connected solar project.
With the power minister hinting a new renewable energy tariff policy could be in the works, the federal agency responsible for solar – which has come under fire after the latest delay to a troubled PV manufacturing tender – has boasted of the volume of clean power it has signed deals for recently.
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.
October 3 is the bidding deadline for the ‘RESCO mode’ projects that can be developed using Indian or foreign make crystalline silicon solar modules.
Bids are invited to set up 370 KWp of grid-connected rooftop solar plants at various government buildings in Ajmer district of Rajasthan. Bidding closes on August 29. Bids will open the following day.
The deals will pave the way for four new solar parks that are set to be commissioned towards the end of next year.
The tariffs are slightly above Rs2.48/kWh seen in March procurement but still fairly below the levels hit in Maharashtra and Gujarat auctions recently—reaffirming the state’s attractiveness to PV developers.
Currently, the Mumbai-based solar EPC firm is executing 134.5 MWp project capacity to be commissioned by September 2019. It expects to surpass cumulative installation of 350 MWp by the end of FY 2019-20.
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