The Ministry of New and Renewable Energy (MNRE) is working on a set of guidelines to provide compensation to solar power generators in case they are asked to back-down capacity by distribution companies.
The three companies submitted the lowest bids from a lot of 20 bidders, both national and international, who had initially submitted their proposals to develop the Rewa solar park in Madhya Pradesh. The bids had closed on January 23.
The reverse bidding process for the Rewa solar park in Madhya Pradesh saw record first year low tariffs by the bidding companies. While Mahindra emerged the successful bidder for Unit-1 and submitted the lowest first year tariff at Rs 2.979 a unit, Acme Solar bid further low for the second unit of Rewa at Rs 2.970 a unit and Solenberg bid the lowest first year tariff of Rs 2.974 for the third unit of Rewa.
As on Dec 31, 2016 Gujarat (1.16 GW), Rajasthan (1.32 GW), and Tamil Nadu (1.6 GW) have crossed 1 GW solar installations..., while Andhra Pradesh (0.98 GW), Telangana (0.97 GW) and Madhya Pradesh (0.84 GW) are close to these states.
India’s solar power generation capacity has crossed 9 GW as on December 31, 2016 and Tamil Nadu is the leading state with largest solar capacity (1.6 GW) followed by Rajasthan (1.32 GW) and Gujarat (1.16 GW), Union power minister Piyush Goyal said on Monday.
With sales of LED bulbs exceeding 6 lakh a day, India can proudly claim achieving a substantial benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme and more than 10 crore by the industry outside the UJALA scheme. Alongside, close to 16.5 Lakh Street bulbs have been replaced with LED Lights throughout the country under Street Lighting National Programme (SLNP).
Safety of mines is the topmost priority of the Modi government and accordingly the Union Budget has proposed a three times increase in allocation for safety of coal mines.
Union minister of state for power, RE, coal and mines Piyush Goyal told the Parliament on Monday that a host of important steps have been initiated towards safety of mines and prevent Coal Mine Accidents.
Union Budget Has Given MSMEs Engaged In Power, RE, Coal and Mines An Competitive Edge : Piyush Goyal
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal said on Thursday that the Micro, Small & Medium Enterprises (MSMEs) have been made competitive with the announcement in the Budget 2017 over reduction of Corporate Tax to 25% up to turnover of Rs. 50 crores.
Over 30 crore energy efficient LED bulbs have already been distributed so far which includes 20 crore LED bulbs by the EESL under the government’s UJALA scheme and more than 10 crores by the private domestic LED companies.
Union minister of state for power, renewable energy, coal and mines, Piyush Goyal said on Monday that India was fast emerging as the LED capital of the world.
Arun Jaitley’s Budget 2017-18 Endorses Piyush Goyal’s Focus On Renewable Energy and Rural Electrification
Maintaining its focus on India’s Renewable Energy plans, Finance Minister Arun Jaitley while presently Union Budget 2017-18 said the government would now take up the second phase of solar park development in the country to add 20,000 MW.
In order to achieve the 175 GW clean energy target by 2022, the government’s clean energy initiatives will have to bear fruits in financial year 2018.
“ARUN” Mobile Application Launched
Ministry of New & Renewable Energy (MNRE) organized a two days National Review Meeting with the State Government officials of Renewable Energy sector from 23rd to 24th January 2017.