The current low tariffs in solar projects are pushing the state governments to rethink the status of all older solar projects. For example, in December 2015, Uttar Pradesh signed various solar projects of total 215 MW capacity with the tariffs ranging between 7.02 per KWH and Rs 8.60 per KWH, while in May this year, a 200 MW solar park was auctioned in Rajasthan at a price of 2.44 KWH.
NBCC (India) Limited, the government’s construction arm, is now planning to take up redevelopment projects in Uttar Pradesh.
Reliance Power on Monday posted a 32% drop in fiscal first-quarter net profit, as operating income declined and finance cost increased.
The Uttar Pradesh government’s real estate rules have amended the definition of an “ongoing project”, allowing a builder to be exempt from the purview of Real Estate Regulation Act (RERA) even if he has just applied for a licence or received a part-completion certificate before the Act was notified.
A severe crackdown on electricity theft following the implementation of the centre’s flagship scheme Ujjwal Discom Assurance Yojana (UDAY)
The Yogi Adityanath government in Uttar Pradesh took a major step on Sunday (23 July) that will give a fillip to its goal of providing ‘24/7 power for all’ by 2019. Following in the footsteps of the Modi government in Delhi, which has distributed free gas connections to millions of poor women under the Ujjawala scheme, the Adityanath government has decided to provide free electricity connections to Below Poverty Line (BPL) cardholders in the state.
Toeing the line of electricity distribution companies in Uttar Pradesh and Andhra Pradesh, Karnataka-based discom Bescom has cancelled the power purchase agreements (PPAs) of 75.6 MW wind power projects commissioned before March 31.
While grid extension is the main driver of rural electrification in India today and almost all Indian villages are now electrified, the reality at the habitation and household level is very different.
In a bid to cut power purchase costs as per the ‘power for all’ agreement signed by the state government in April this year, the Uttar Pradesh Power Corporation (UPPCL) has decided to exit all power purchase agreements (PPAs) that are costly
Following a steep fall in solar tariffs in the last two years, Uttar Pradesh is pressuring solar power project developers to cut rates of electricity agreed upon in earlier contracts even though the pacts were signed when equipment prices were high.