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will see it provide 4,667 MW of renewable power to Solar Energy Corporation of India (SECI). Dependence Industries, another Indian empire, is also aiming

Indian Railways has entrusted the Railway Energy Management Company Ltd (REMCL) with 3 GW of solar energy procurement from plants to be set up on vacant Railways land. Besides tendering, the REMCL shall deal with installment supervision and also management of power supply from these solar energy plants. REMCL is a joint venture between Indian Railways and state-owned engineering consultancy Rites Ltd The task-- REMCL's biggest solar power required from Indian Railways-- will certainly be separated right into 3 stages of 1 GW each. The very first and third stages of 1 GW each will certainly be developed on public-private collaboration (PPP) basis under 'design, build, fund, operate and also transfer' model. The 2nd phase of the job (1 GW) will be on the possession version of REMCL, which will certainly be qualified for capital subsidy under the Central Public Market Task System for the growth of 12 GW of solar. The whole setup is expected to be finished by 2022-23. The Railways have actually already determined ideal land to be rented to REMCL on small lease rent. Commenting on this mandate, Rajeev Mehrotra, Chairman & Handling Supervisor, RITES Ltd and also Chairman REMCL, claimed, "This is the biggest mandate gotten by REMCL for tendering, setup and also power management of solar energy. This will strengthen REMCL's placement as the eco-friendly energy remedy supplier and energy manager to Indian Railways as well as securely develop REMCL in the eco-friendly energy industry in India." Besides proposal management charge at first, REMCL would certainly earn long-term earnings through supply management from these installments which might total up to approximately Rs 20 crore annually to REMCL throughout life of the job.

this publication, we have consistently argued for a more long term approach to India' thermal power dependency, and making a clear plan to phase out the older

over the contract award letter to NTPC CMD Gurdeep Singh in the presence of India's power priest and President of International Solar Alliance (ISA), R.K.

Railway Energy Management Company Ltd, a joint endeavor of Indian Railways as well as design working as a consultant Rites Ltd, has welcomed bids for setting up

be remembered that Microsoft had finished its initial renewable energy deal in India in 2018 when it accepted acquire 3 MW of solar-power from Atria Power for its

possibility for MSME alone is greater than $200 billion. Planning to give India's initial asset financing as well as quality platform for solar, the platform

Rajasthan, Tata Power claimed. Rajasthan is among the largest solar states in India with it and 3 various other states-- Maharashtra, Gujarat and Uttar Pradesh--

India’s Maharashtra state has launched a process to procure a major slice of grid-linked solar power, pushing for low prices in line with earlier tenders this year. This week, electricity distributor Maharashtra State Electricity Distribution Company Limited (MSDECL) shared a notice inviting online bidders for up to 500MW in grid-connected PV projects. The reverse e-tender, open until 17 September, will be used to hand out 25-year power purchase agreements (PPAs) with MSDECL among winning projects. Bids will require bank guarantees of INR1.4 million/MW (US$19,497/MW) and will face a ceiling price of INR2.8/kWh (around US$0.039/kWh), the new tender documents show. The tariff cap falls below bid prices at a tender held earlier this year in 116-million-inhabitant Maharashtra, India’s most second populous state and the home of the city of Mumbai. In May, the state recorded tariffs of INR2.87-2.91/kWh (around US$0.041/kWh, based on exchange rates at the time) for a 250MW auction, which drew bids from Tata Power and others. Speaking to PV Tech at the time, Vinay Rustagi, managing director of consultancy firm Bridge to India, conveyed his “surprise” at what he described as “aggressive” tariffs. "This is a challenging site – relative lower irradiation, forest land, difficult access – and has high solar park charges. There was limited bidding interest,” Rustagi added. The new tender’s INR2.8/kWh tariff cap also lies in the region of the INR2.71/2.72kWh and INR2.74-2.75/kWh average bids recorded at Maharashtra’s two earlier 1GW state solar auctions, held in May 2018 and February 2019. Maharashtra’s solar tendering efforts come as the Indian industry heads – if predictions by Fitch Solutions come to pass – towards a boom between 2018 (26GW) to 2028 (105.9GW).

into but still has significant tracker expectations, with Australia, China and India all forecast to appear in IHS Markit’s top ten tracker markets list and to

the forecast duration. This is a period when several markets, especially India, will certainly add to their own capacities on the back of federal government

operate' basis through e-Reverse Auction held by Solar Energy Corporation of India, the firm stated. "It is a pleased moment for SJVN that it has landed its

the quarter ended December 2021, the Indian independent power manufacturer's income boosted 27% year-on-year to US$ 60.2 million, more than US$ 2 million greater

as the deal will reinforce its setting in solar and wind generation in the Indian market by moneying medium-term development opportunities. The mixed ReNew

than 2,600 MW of attributable ability in the Philippines, Vietnam, Indonesia, India as well as Australia. The business's sustainable share of capability goes to