Arcelormittal Mulling Setting Up 600 Mw Solar Farm In Karnataka

Arcelormittal Mulling Setting Up 600 Mw Solar Farm In Karnataka

ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.5 billion project to set up a 6 million tonne greenfield steel plant. The company said its decision was prompted […]

Karnataka Gets Rs 3,353 Crore In Rail Budget

Karnataka Gets Rs 3,353 Crore In Rail Budget

Karnataka has got a budget outlay of Rs 3,353 crore in this year’s Rail budget. The doubling of the Baiyyappanahalli-Hosur and Yeswanthpur-Channasandra railway lines have been sanctioned, apart from electrification of the 989km line worth Rs 919 crore.

India’s Karnataka State Awards 760 MW Of Grid-connected PV Projects – Report

India’s Karnataka State Awards 760 MW Of Grid-connected PV Projects – Report

A tender for 760 MW of grid-connected solar project in the Indian state of Karnataka has attracted bids of as low as INR 2.94 (USD 0.046/EUR 0.037) per kWh, consultancy Mercom Capital reports. The capacity, auctioned by the Karnataka Renewable Energy Development Limited (KREDL), will be installed at 38 taluks in the state. The highest proposed tariff […]

Solar Tariffs Perk Up In Latest Karnataka Auction

Solar Tariffs Perk Up In Latest Karnataka Auction

Solar tariffs rose sharply from their lowest level in the latest solar auction of 860 MW conducted by Karnataka’s Renewable Energy Development Ltd (KREDL). The lowest price was Rs 2.94 per unit, way above the winning tariffs of Rs 2.47 and Rs 2.44 per unit at the last two auctions in Rajasthan in December and May last year respectively.

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