Enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India’s 60-65 per cent of installed power generation capacity will be green energy.
Use of energy efficient LED bulbs has led to reduction of power bills by Rs 20,000 crore, the Lok Sabha was informed today.
The low bid received for the Rewa solar park in Madhya Pradesh has jolted the market in many ways. While most states are rethinking their tenders, many have gone slow on buying solar power contracted at higher rates.
The plans for establishing a solar power park capable of generating 50 Megawatts of electricity in Manipur was discussed yesterday at a meeting at New Delhi and the project would most likely be handled by NHPC.
The Public Enterprises Selection has recommended Naveen Bhushan Gupta’s name for the post of director finance at Power Finance Corporation.
As wind turbine manufacturers vie for a share of the 1,000 MW of capacity auctioned last month, the big buzz in the market is that Suzlon is likely to bag an order for 250 MW from Sembcorp.
Despite the recently concluded wind power auction shifting the focus back to the sector, industry experts have been divided on the financial viability of the feed-in tariff for power generating companies.
Arunachal Pradesh Chief Minister Pema Khandu today held a meeting with officials of REC and SECI to discuss ongoing Deen Dayal Upadhaya Gram Jyoti Yojana (DDUJY) scheme being implemented in the state.
After a drastic drop in solar tariff to Rs 2.97 per unit, the wind power rates may now fall to below Rs 4.5 per unit in an ongoing auction for 1000 MW capacities.
Wind power tariffs followed the solar route and fell below Rs3.46 per kilowatt hour (kWh), in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI).