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.
With this addition, the total installed renewable energy capacity of the state-owned power generator has exceeded 1 GW.
Currently, the independent power producer has over 500 MW of open access solar portfolio, with leading IT and manufacturing giants among its client base.
RK Singh told the upper house of the Indian parliament yesterday the nation had added 780 MW of new generation capacity in the last two years. The share of renewables in India’s power mix is rising too, but not fast enough to ensure electricity supply for all.
The state-owned power generator has commissioned 63 MW capacity out of the 100 MW solar PV power plant in Tirunelveli district, with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) as the beneficiary.
Analysis of the solar pumping programs being rolled out across five states backs claim switching irrigation systems to PV could give the nation a huge leg-up towards its renewable energy ambition.
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has followed the lead of the authorities in Tamil Nadu, Bihar and Maharashtra in setting generic levelised tariffs for PV projects.
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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