Capital cost escalation, domestic coal availability issues, shortfall in domestic gas supply and drying up of long-term power purchase agreements (PPAs) have adversely affected the credit profile of leading IPPs (independent power producers).
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has disallowed interim relief to Bajaj Energy after the company sought compensation after its 450 MW plant was shut after the Uttar Pradesh Power Corporation (UPPCL) terminated the power purchase agreement (PPA) signed in 2010.
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian energy giant Tata Power, has commissioned a 25MW solar PV plant in Charanka, at the Gujarat Solar Park.
Germany based photovoltaics specialist IBC Solar has signed a Power Purchase Agreement (PPA) for a 20 MW AC solar plant with the Solar Energy Corporation of India (SECI).
Power plants holding longterm power purchase agreements with consumers have asked Coal India for a 12-month e-auction calendar, to help them plan operations better.
The extension by five years for complying with the Mega Power Policy 2009 norms will reduce contingent liabilities and free up banking limits to 25 mega power projects, thus granting them a fresh lease of life, says a report
The 750 MW Rewa solar project in Madhya Pradesh, which boasts of a three-tier payment security mechanism and optimal power scheduling arrangement, is expected to achieve commercial closure soon
The more than a decade old group captive model is attracting attention as power producers in the country continue to struggle with idle capacities, lack of long-term power purchase agreements (PPA)
Earlier this month, Solar Energy Corporation of India (SECI) received bids for India’s first wind power tender. According to Bridge to India.
MD Ashvini Kumar said SECI is committed to finalise 5,500 MW of solar energy in next few years for which PPAs to produce 3,200 MW are already in place.
Solar Energy Corporation of India (SECI) said on Monday that it will shortly float tenders for putting up 2300 mw of solar power projects. Alongside, SECI said it has also signed Power Purchase Agreements (PPAs) with various stakeholders for 3,200 MW of solar power.