The Solar Energy Corporation of India (SECI) has signed the power purchase agreements (PPAs) for 750-MW of grid-connected solar parks in the state of Rajasthan.
Huge time and cost overruns, high upfront cost to establish projects, long-drawn process to get green clearances, additional cess imposed by various state governments on projects
The recent spike in spot power prices on the power exchanges is unlikely to sustain over the medium term in light of significant spare capacity and inability of generators to tie up long-term power purchase agreements (PPAs), according to India ratings and Research (Ind-Ra).
A June order by the power ministry on inter-state electricity transmission charges could affect Delhi Metro Rail Corporation Ltd’s (DMRC) plan to buy power from one of the world’s largest solar power project at a single site in Madhya Pradesh, forcing both DMRC and the state government to seek relief from the ministry of new and renewable energy.
The Congress government will review the power purchase agreements between the Punjab State Power Corporation Limited (PSPCL) and private players involved in electricity generation in the state.