REC trade results – August 2018
Non-Solar: Non-solar RECs prices continue to rise with robust demand but the clearance volume is constrained due to limited supply availability. This session the RECs were traded at the price of INR 1101 at PXIL (10.1% above the floor price)
Lowest ever tariff of Rs.1.58 discovered at RESCO model tender in Madhya Pradesh
The latest tariff discovered for rooftop solar at Power Grid Corporation in Madhya Pradesh is INR 1.58 kWh/unit. This is the lowest tariff discovered so far in the country. AMPSOLAR, a New-Delhi based company bid for the lowest tariff for
MNRE proposes a draft schedule for solar tender activities to avoid clashes between agencies
The Ministry of New and Renewable Energy (MNRE) has approached all the central & state governments as well as public sectors implementing agencies for tendering of solar PV capacities to follow a timeline for implementing renewable energy projects. According to
Major wind project acquisition gets cancelled following an APERC order
A recent order of Andhra Pradesh Electricity Regulatory Commission (APERC) was stayed by the Andhra Pradesh High Court related to the reduced tariff of electricity supplied by the wind projects that received Generation-based Incentive (GBI) from the center. A recently proposed
Parliamentary panel worries about the power sector post RBI's revised framework on NPA's
Reserve bank of India recently issued a revised framework for the resolution of stressed/non-performing assets. A Lok-Sabha committee was called to discuss the consequences of the framework on the electricity sector. The committee was of the opinion that the electricity
Not implementing Safegaurd Duty on solar modules and cells for time being: Ministry of Finance
A recent development in the safeguard duty event, the Orissa High Court has directed the Ministry of Finance to withdraw the duty by August 13, 2018, and issued a stay until August 20, 2018. The stay came after a petition
MERC announces generic tariff for various RE sources
Recently the Maharashtra Electricity Regulatory Commission (MERC) announced an order for generic tariff determination of various renewable resources including Solar and Wind. Even after the generic tariff is realized, DISCOMs opt for competitive bidding for tariffs due to the low
SECI favours lowest bid in recent solar auctions, cancels rest
The nodal agency for National Solar Mission, Solar Energy Corporation of India (SECI) has canceled mostly all but the lowest bid project in its mega solar auctions held in July. The decision to cancel 2400 MW solar capacity out of
Maharashtra joins the list of states with final Forecasting and Scheduling regulations
Recently Maharashtra became the latest state to publish final Forecasting and Scheduling (F&S) regulations. These regulations were published in the State Gazette on July 20, 2018. With this, all supposedly "RE rich" states except Gujarat and Tamil Nadu have finalized
REC trade results July 2018
Non-solar: Non-solar RECs prices continue to rise on the back of robust demand and limited availability. The RECs were traded at the price of INR 1050 at PXIL ( 5% above the floor price) and INR 1200 at IEX (20%