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.
Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has issued a request for submission (RfS) to procure 500MWac of solar power capacity in the Indian state of Tamil Nadu.
The Indian state of Madhya Pradesh plans to extend its guarantee to developers bidding for capacity in the 750MW Rewa Ultra Mega Solar Park, so that payments will be met by the government in the case of any default from the off-takers.
Wind power developers in India have been facing delayed payments from distribution companies of up to eight months at a time in various states, but solar developers have experienced only negligible delays in a couple of states, according to industry analysts.
Anand Nagarajan, founder of India-based solar firm Dexler Energy, discusses the entire Indian power ecosystem from transmission and grid stability to the UDAY scheme for alleviating distribution company debt and what it all means for solar.
India’s Ministry of New and Renewable Energy (MNRE) is about to send a revision of the Renewable Purchase Obligation (RPO) to the country’s Union Cabinet for approval.
India’s Union Cabinet has approved a package proposed by the Ministry of Power aiming to revive the financial health of the country’s debt-laden distribution companies (Discoms) in a move that should support the development of solar in India.
