CERC announces draft (Deviation Settlement Mechanism and related matters) (Fourth Amendment) Regulations, 2018
The CERC has announced the draft (fourth) amendments of Deviation Settlement Mechanism & related matters regulations. The principal regulations came into effect in January 2014 followed by three amendments in December 2014, August 2015 and May 2016 in that order.
MNRE announces a public procurement order gives preference to Make in India
In order to encourage ‘Make in India’ and to promote the manufacturing and production of goods & services in India, the Government has issued a public procurement order with preference to make in India. The order intends to enhance the
MNRE amends the land allotment clause in the solar park projects guidelines
Ministry of New and Renewable Energy (MNRE) recently announced amendments in two guidelines for setting up a grid-connected solar PV power projects for 2000 MW and 5000 MW along with Viability Gap Funding (VGF) for Batch III & Batch IV,
INR 2.67/unit tariff discovered for hybrid wind-solar 1.2 GW tender
The maiden tender for ISTS-connected hybrid wind-solar projects discovered an L1 tariff of INR 2.67/unit recently. The tender postponed six times in the past, due to lack of interest and the capacity was also reduced to 1.2 GW from 1.5
MSEDCL announces RfS for 1000 MW solar projects at INR 2.80/unit ceiling tariff
MSEDCL has announced a Request for Selection (RfS) document for the purchase of 1000 MW power for a long-term basis through a competitive bidding process. The summary of the document is as follows: The project is introduced in order to
MNRE proposes amendments in the biomass co-generation policy
MNRE has been working towards supporting biomass-based cogeneration projects in the country and had introduced a scheme for the same in May 2018. The scheme provides CFA of INR 25 Lakhs/MW for bagasse cogeneration projects and INR 50 Lakh/MW for
Relief for Adani, TATA & Essar as Gujarat Govt. approves power tariff hike
After a long-pending petition by Adani & Others over power tariff hike, the Gujarat government has given a decision. These power projects will be allowed the power tariff hike by amending their PPAs with Gujarat Urja Vikas Nigam Limited (GUVNL).
TSERC announces APPC cost for FY 2018-2019
Telangana State Electricity Regulatory Commission (TSERC) announces its average pooled purchase cost for the year FY 2018-19. The APPC cost of INR 4.097/kWh for FY 17-18 will be continued for this financial year as well. In an order followed by
REC trade result – November 2018
This month trading session saw a good price discovery for both solar & non-solar RECs. The market saw a significant price hike in solar as compared to last month. The demand for both solar & non-solar remained consistent while the
EIB, SBI & YES bank come together for financing RE projects in India
The Europen Investment Bank has confirmed to work along with State Bank of India and Yes Bank on increasing its support in terms of investment to RE projects in India. The EIB has decided to provide investment in the Onshore