Payment risk resurfaces via discoms for wind projects: Crisil ANI | Updated: Mar 13, 2021 16:38 IST
Mumbai (Maharashtra) [India], Mar 13 (ANI): Payment risk from discoms has resurfaced for wind power projects with four key states Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh that act as a counterparty to around 40 per cent of the overall wind capacity toting up dues of Rs 5,450 crore to 156 renewable projects.
That is 50 per cent increase in the dues year-on-year, according to global analytics company Crisil.
Wind power projects constituting nearly three-fourth of the total private renewable (wind and solar) capacity of these four states have borne a larger share of the payment delays.
Payment risk from discoms has resurfaced for wind power projects, with four key states Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh that act as a counterparty to around 40 per cent of the overall wind capacity totalling up .
Adani Wind Energy Kutch Three Limited ( AWEKTL ), a subsidiary of Adani Green Energy Limited, commissioned a 100 MW Wind Power Plant in Kutch (Gujarat) five months ahead of its schedule.With this the Kutch-based plant has become the 5th project .
AGEL commissions 100 MW wind power project in Gujarat before schedule ANI | Updated: Mar 08, 2021 12:00 IST
This is the fifth project commissioned before schedule by the company over the past one year, AGEL said in a statement. The plant has power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.82 per kilowatt hour.
With successful commissioning of the plant, the company has an operational wind generation capacity of 497 MW. AGEL has total renewable capacity of 14,815 MW including 11,470 MW that has been awarded and is at different stages of implementation.
With this project, the company has added a total renewable capacity of 800 MW in the last 12 months despite challenges of Covid-19 outbreak.