A new three-man panel will adjudicate in disputes between project developers, national solar body SECI and energy giant NTPC. The board has been established by the Ministry of New and Renewable Energy.
Solar Energy Corporation of India was given a Rs 500 crore cash pot to help developers in February, but that clearly wasn’t enough, as a second newly announced scheme underscores just how much financial distress the country’s state power companies are in.
India’s largest power company is set to make a statement of intent with procurement, and has set a first round bid ceiling of Rs2.67 for the reverse bidding auction. Successful bidders will secure a one-year PPA which can be extended by six months.
The developer will supply energy to the NTPC under a 25-year PPA and can build the project anywhere in India, with construction slated to finish in early 2021.
The International Solar Alliance has selected India’s Super Energy Service Company to roll out its agricultural solar initiative across 13 nations. Almost a third of India’s three crore of agricultural pumps are currently powered by diesel.
The government department has allocated various months for enabling organisations to hold their tendering and bidding processes, but critics have pointed out states are free to formulate their own plans.
Amidst the Indian government’s yo-yoing on the 25% safeguard duty, the National Thermal Power Corporation’s (NTPC) auction to develop 2 GW of interstate transmission system (ISTS)-connected solar PV projects attracted a low winning tariff of Rs. 2.59 (US$0.0372) per unit.
The MNRE has removed a layer of bureaucracy by lifting the requirement of proposed projects to be registered with power bodies at sub-national level.
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