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Solar energy startup Cygni eyeing Myanmar, Bangladesh Export Markets
Solar energy startup Cygni, an Indian Institute of Technology, Madras incubatee company, is looking to break into the lucrative export markets in Myanmar and Bangladesh. The company, which manufactures solar power backup and DC (direct current) micro-grid solutions, apart from battery for electric vehicles at its Hyderabad plant, is planning to explore the offshore markets from the next 2020-21 financial year, Cygni Energy CEO Venkat Rajaraman told Business Standard here on Wednesday. In 2018, the company had raised an equity funding of $US 6.4 million (roughly Rs 45 crore) from Endiya Partners for its expansion.
Nepra grants generation tariff for two 150MW solar power projects
The power sector regulator has granted generation tariff of Rs5.8/kwh each for two solar-based power projects with a cumulative capacity of 150MW. These tariffs have been determined on cost plus basis despite the fact that the government was willing to procure renewable energy through competitive bidding. National Electric Power Regulatory Authority (NEPRA) has determined tariff for 50MW Enertech Quetta Solar and 100MW Zorlu Solar Pakistan.In its remarks on the cost plus tariff, Alternate Energy Development Board (AEDB) said the government of Pakistan decided to procure renewable energy through competitive bidding, therefore cost plus tariffs should be avoided, as competitive bidding would reduce the overall basket price of electricity.
Maldives opens pre-qualification for 21-MW solar tender
The government of the Republic of Maldives is seeking proposals for the construction of 21 MW solar photovoltaic (PV) plants in six of its major islands. A request for pre-qualifications was released last week and published in the national gazette. Interested parties are required to register with the Ministry of Finance by March 12, 2020. The Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) as it is named, is split into two installation lots, the first one of which envisages the construction of a 10-MW floating solar array in Addu City. The second lot is for the installation of 11-MW of ground-based plants in Addu City, Fuvahmulah City, Kulhudhuffushi City, Thinadhoo, Eydhafushi and Hinnavaru.
Maldives Set to Develop Solar Battery-Diesel Hybrid Systems
The Asian Development Bank (ADB) and the environment ministry of Maldives have started to implement solar battery-diesel hybrid systems in 48 islands out of the 160 inhabited islands of the atoll nation. This latest move comes as a part of the Preparing Outer Islands for Sustainable Energy Development (POISED) project, which aims to help the country cut down its reliance on diesel and concentrate on tapping solar power. The main aim of the POISED project is to transform the existing diesel-based mini-grids into hybrid renewable energy systems on the 160 inhabited islands out of which projects on 48 islands have already been commissioned. The POISED project has been achieving its aim by investing in solar PV power projects, battery storage systems, energy management systems, efficient diesel generators, and distribution grid upgrades aimed at fostering the growth of renewable energy in the island nation.
German development bank to fund Bangladesh canal-top PV study
German development bank KfW will fund and provide technical support for a study into Bangladesh’s canal-top solar potential. After the study, a pilot project will be set up on one or two 1km-long stretches of canal. Helal Uddin, chairman of Bangladesh’s Sustainable and Renewable Energy Development Authority (SREDA), told pv magazine the thousands of kilometers of irrigation canals owned by the Bangladesh Water Development Board could host almost 1 GW of solar generation capacity.