3000 MW renewable energy projects at risk of cancellation as PSAs remain unsigned
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Nearly 7,000 MW capacity worth of projects were bid out prior to February 2020 whose PSAs have not been signed yet, all having tariffs significantly higher than recent projects bid out over the past few months.
Nearly 3,000 MW worth of renewable energy projects in India are at risk of being cancelled as their power supply agreements (PSAs) have yet not been signed with the state distribution companies, rating agency
Nearly 7,000 MW capacity worth of projects were bid out prior to February 2020 whose PSAs have not been signed yet, all having tariffs significantly higher than recent projects bid out over the past few months.
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May 06, 2021
To sell power to Gujarat Discoms at a tariff of ₹2.20 per unit
NTPC Renewable Energy Limited, a wholly-owned subsidiary of NTPC Ltd has entered into a power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) a State distribution utility to sell power from its 150-MW solar project.
The project to be installed in Gujarat, will sell power at a tariff of ₹2.20 per kWh to the Gujarat government’s distribution utility.
With this successful bid, the company’s total capacity under Tariff-based competitive bidding has reached 1.4 GW, NTPC informed in a statement on Thursday.
The company has also been allocated land in Rann of Kutch by for developing a solar park with a capacity of 4,750 MW.
Coal India Diversifies Into Solar Energy Generation, Signs Its First Power Purchase Agreement
Solar panels.
In its maiden venture into solar power, the worldâs largest coal-producing company Coal India Limited on Friday (23 April) signed its first power purchase agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) for the sale of 100 MW solar power.
Coal India plans to invest nearly Rs 13,500 crore in solar power projects. The company has rolled out a plan for 3,000 MW of solar power generation by 2024.
Solar power generation stands a priority for the company as it looks at diversification. To accelerate its diversification with entry into production of renewable energy, Coal India added two fully owned subsidiaries to function as SPVs, reports