Indian Power Sphere: September 2013

September 30, 2013

CLP India adopted an innovative pooled financing structure for the wind projects...

CLP India has signed a new Pooled Financing Structure for its wind assets with the syndicate of three banks, Standard Chartered Bank, IDBI Bank & IDFC to mitigate risks and ensure security to lenders. As per the company, the pooled financing will help secure CLP India's current and future assets and mitigate the inherent risk...

WAAREE receives 25 MW Solar PV Project from roha in rajasthan...

According to sources, one of India’s leading innovative solar solution companies, Waaree Energies Ltd has successfully acquired a turnkey order of a 25 MW Power Plant from the Roha group which includes the Designing of the plant, its technical and Engineering ground work, Installation process and Commissioning of the...

Rajasthan issues RfP for 50 MW Solar PV Plants having capacity of 1 MW each...

The Rajasthan Renewable Energy Corporation Limited (RRECL) has released an RfP for the selection of 50 Solar PV plants of 1 MW (AC) to be connected on 11 kV level at 33/11 kV Discom’s substation in the state. Some of the highlights of the RfP are PPA duration – 25 Years Selection process – Tariff based Competitive bidding...

UERC issued APPC Order for the FY14 at Rs. 2.72 per unit...

The Uttarakhand Electricity Regulatory Commission (UERC) has issued the Average Power Purchase Cost (APPC) for the Financial Year 2014 at Rs. 2.72 per unit. The definition adopted by UERC for the APPC is as follows: “weighted average pooled price at which the distribution licensee has purchased the electricity including the cost...

India & US clinched a first commercial agreement on civil nuclear power co-operation...

India and United States have clinched a first commercial agreement on the civilian nuclear power co-operation after the landmark civil nuclear deal five years before. Later in a joint statement, the two leaders noted that with government-to-government procedures agreed, commercial negotiations between India's nuclear operator...

Solar energy conversion efficiency at 44.7%, a new world record !

According to sources, the Fraunhofer Institute for Solar Energy Systems ISE, Soitec, CEA - Leti, and the Helmholtz Center Berlin jointly achieved a new world record for the conversion of sunlight into electricity using a new solar cell structure with four solar subcells. As per the researches, after more than three years of research,...

Gujarat to install 60 MW roof top solar projects in next three years...

The Government of Gujarat is planning to install around 60 MW of solar power generation capacity through roof-top units during the next three years and for that purpose a policy will be launched to attract manufactures. As said by the Gujarat Principal Secretary, Energy & Petroleum Department, the state currently is considering...

Bihar government to invest Rs. 28,000 Crores for improving power scenario in the state...

According to sources, the Bihar Government is planning to invest around Rs. 28,000 Crores to strengthen the state power sector in the next five years. Out of the proposed amount Rs. 10,000 Crores will be used to improve the depreciated power infrastructures related to transmission & distribution...

September 28, 2013

MNRE sets solar energy target at 10,000 MW by 2017...

Ministry of New and Renewable Energy (MNRE) has set a target of generation of 10,000 mw of power through solar energy by the year 2017. The minister for new and renewable energy Farooq Abdullah said that the phase I of the Jawaharlal Nehru National Solar Mission (JNNSM) has been very successful wherein 1685 MW of solar power was...

Tata power is developing a 28.8 MW project in satara, Maharashtra to meet solar RPO of its distribution company...

Tata Power Renewable Energy Limited (TPREL), the wholly owned subsidiary of Tata Power, is developing a 28.8 MW Solar PV Project in the Satara District in Maharashtra. The plant will be spread over around 130 acre of land. Electricity from the project will be supplier to the Tata Power's Distribution arm under a Power Purchase...

Maharashtra to seek opinion from CAG/CVC on the proposed tariff hike for UMPPs of TATA Power & Adani Power...

The Maharashtra Government has decided to take opinion from the Central Vigilance Commission or Comptroller and Auditor General, regarding the proposed tariff hikes of the Ultra Mega Power Projects (UMPPs) by Tata Power & Adani Power. The Central Electricity Regulatory Commission (CERC) has asked Maharashtra to respond...

ADB approved $500 million loan for transmission system of renewable energy projects in India...

The Asian Development Bank has decided to provide a $500 million loan for the development of a transmission system for evacuation of renewable energy projects such as solar and wind energy in western India. The loans from the Manila-based bank come at a time when India is looking to boost dollar inflows to prop up the...

Power Trading Prices are at all time low...

Prices of Power/Electricity being traded on the Power Exchanges have been reduced significantly on account of increased power generation, grid congestion and poor financial health of distribution companies. The Power Trading accounts for nearly 2.5% of the power being transacted in the Country. In the year 2008, the average Power...

September 6, 2013

Ujaas Energy received Rs. 13.35 Crores order for roof top solar projects...

Ujaas Energy has bagged a Rs 13.35 crore order from the Ministry of New and Renewable Energy for setting up a 1.75 MW roof top solar panel installation at four cities. Solar Energy Corporation of India (SECI), a division of MNRE invited bids for setting up roof top installation in Hyderabad (250 KW), Bhubaneswar (500 KW), Jaipur...

Tata Power's long term corporate credit Rating lowered by Standard & Poor's

Long Term Corporate credit rating of Tata Power limited has been reduced from BB to B+ by Standard & Poor's Rating Services. The outlook is negative. Further, the issue rating on the company's outstanding senior unsecured notes due 2017 has been lowered from BB- to B+ as according to Standard & Poor's, the company's cash...

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