Fears about India’s largest procurer of solar energy being unable to cope with payment defaults have been allayed by its inclusion in a payment security mechanism, according to the latest update from consultancy firm Bridge to India.
The Indian states of Telangana and Assam have joined the government’s major rescue package for the country’s debt-laden distribution companies (Discoms), on the same day that a web portal and mobile app for the scheme was launched.
India has proposed providing a grant of up to INR3.75 million per MW (US$54,100) to encourage distribution companies to support net metering of rooftop solar on their networks.
India is expected to add more than 9GW of solar PV capacity this year, but its long-term renewable energy future requires adding transmission capacity and removing bottlenecks immediately, according to the latest quarterly solar market update from consultancy firm Mercom Capital Group.
Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
NLC tendering for 500MW(ac) in Tamil Nadu, Off-grid solar power for 1,000 villages in Arunachal Pradesh, Tamil Nadu 500MW utility-scale tender avoided.
India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.
India’s major package to try and turn around the finances of its distribution companies (Discoms) has yet to make a positive impact and has even worsened conditions for some companies, according to consultancy firm Mercom Capital Group.
The distribution companies (Discoms) of Rajasthan, which were the highest loss-making in all of India, could be the first to turn around a profit in 2017, according Piyush Goyal, minister of power, coal, new and renewable energy and mines.
The losses of Indian distribution companies (Discoms) that have joined the government’s major rescue package Ujwal Discom Assurance Yojna (UDAY) could more than halve from their current level by FY2019, according to new research from global analysis firm CRISIL.
