Now, the government’s payment crisis has hit the solar sector with the small power developers in the state staring at a prospect of their loans turning NPAs. The discoms have not paid the dues for the past one year running into an estimated Rs 250-300 crore.
Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report.
The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has approved the petition filed by Tata Power Company Limited – Distribution (TPC-D) to procure 150 MW of solar power at a tariff rate of Rs 2.83/kWh for a duration of 25-years.
The hard-found compromise reached last month to end the impasse over Andhra Pradesh’s decision to relook at renewable energy contracts has floundered, said several Union and state government officials.
The slowdown has hit installation of rooftop solar systems. Rooftop solar installations dropped 43.6% in the September quarter from the year-ago period, shows data from Mercom Capital Group, a clean energy communications firm. Installations are down 35.5% in the nine months to September.
India has signed agreements for providing over $190 million in Lines of Credit for strengthening the drinking water and electricity supply and for solar projects in the West African nation of Guinea.
The All-India Power Engineers’ Federation (AIPEF) has decided to hold a national convention of electricity employees and engineers from across the country at New Delhi against the enactment of Electricity (Amendment) Bill 2014 on June 8, alleging exploitation of power sector workers under the grab of new amendment.
India has extended Line of Credits for two solar projects in Guinea. The agreements were exchanged in the presence of External Affairs Minister S Jaishankar and his Guinean counterpart Mamadi Toure.
The renewable energy ministry has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 GW of renewables by 2022, said a Parliamentary panel.
The growing talk of all countries requiring to increase efforts to reduce emissions in order to slowdown the increase in global temperature has resulted in focusing on the failure of countries, particularly the rich industrialised countries, to do their promised share to slowdown global warming.