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November 15, 2013

MP Solar Energy companies are in bad shape...

 

MP Solar Producers are in Bad Shape

Solar Energy producers in Madhya Pradesh are in bad state due to low power purchase by the State Distribution Companies (Discoms) from the Solar Projects installed in the state.

According to sources, the MP Power Management Company is buying only 10.7 crore units annually leaving deficit of 23.9 crore units.

Ujaas Energy, Welspun and Waaree are the major solar producers in the state and feel that unless there is a new regulation will be introduced the solar energy situation in the state will not change.

Solar Producers are also referring to the recent RPO compliance orders issued by the Regulatory Commission of Maharashtra and Joint Regulatory Commission of Goa and UTs.

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