Week In India: India Re-elected As President Of ISA, Tata Power to develop 100 MW Solar Project , GERC Receives Petition For RPO Compliance Exemption And More

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GERC Receives Petition For RPO Compliance Exemption

Gujarat Electricity Regulatory Commission (GERC) recently passed an order on RPO compliance exemption for FY 2017-18 under the GERC (Procurement of Energy from Renewable Sources) Regulations, 2010 and its (First Amendment) Regulations, 2014. The Commission observed that it has already exempted Jubilant Infrastructure Limited to comply with the Renewable Purchase Obligation for the FY 2015-16 and 2016-17 as they comply with the RPO requirement to the extent of RPO compliance by DGVCL. The Commission has already addressed the issue and rejected the petition accordingly.

India Re-elected As President Of ISA

The Third Assembly of the International Solar Alliance has been attended by 34 ISA Members ministers. 53 Member countries and 5 Signatory and Prospective Member countries participated in the Assembly. India and France were re-elected as the President and Co- President of the International Solar Alliance (ISA) for a term of two years at the virtual meeting of the Third Assembly held on 14 October. The Assembly also approved the initiatives of the ISA Secretariat in institutionalizing ISA’s engagement with the private and public corporate sector through the Coalition for Sustainable Climate Action (CSCA). Ten public sector organisations in India presented a cheque for 1 million USD each at the assembly.

Seema Gupta, Director POWERGRID Wins 2020 Stevie Awards For Women In Business

Seema Gupta, Director (Operations), Power Grid Corporation of India Limited, a PSU under Ministry of Power, has been named the winner of GOLD Stevie® Award in the LIFETIME ACHIEVEMENT- BUSINESS category in the 17th annual Stevie Awards for Women in Business. The Award would be presented to Mrs. Seema Gupta during a virtual awards ceremony scheduled on December 9, 2020. The jury noted that her career and achievements showed dedication and determination and saw her becoming an inspiration and a role model for the women of India in the engineering field.

REC Supports Setting Up Of 2 MW Solar Power Plant At IIM Tiruchirappalli

REC foundation, the CSR arm of REC Limited has funded the setting up of a 2 MW solar power plant at IIM Tiruchirappalli. The inauguration of the power plant was held online through a digital platform. Chief Guest, Shri SK Gupta, CMD – REC Limited inaugurated the power plant in the presence of the Guest of Honour, Shri Ajoy Choudhury, Director (Finance) – REC Limited, along with Dr. S N Srinivas, CEO – REC Foundation and Dr. Bhimaraya Metri, Director – IIM Tiruchirappalli. The main objective of this project is to be able to power the IIM Tiruchirappalli campus through clean and sustainable means. The event is yet another testament of REC’s focus and commitment to promoting environmental sustainability through renewable energy projects and contributing to a greener and cleaner India.

Tata Power to develop 100 MW Solar Project at Dholera Solar Park in Gujarat

Tata Power, India’s largest integrated power company, announced the receipt of a Letter of Award (LOA) from the Gujarat Urja Vikas Nigam Limited (GUVNL) on Friday 9th October 2020 to develop a 100 MW solar project in Dholera Solar Park of Gujarat. The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA), valid for a period of 25 years from scheduled commercial operation date. The Company has won this capacity in a bid announced by GUVNL in March 2020. The project has to be commissioned within 15 months from the date of execution of the PPA. With this award, the cumulative capacity under development in Gujarat would be 620 MW out of which 400 MW will be in Dholera Solar Park.

IEEFA: Wind-solar Hybrid Systems Can Power India’s Next Wave Of Renewables Growth

India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research. “This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy Economics and Financial Analysis (IEEFA) and Jyoti Gulia, founder of JMK Research. Wind-solar hybrid systems can produce more consistent power because solar power is produced during the day, while wind power is typically strongest at night. This inherent complementary nature of wind and solar power makes hybrid systems well-suited to meet energy demand, according to the report.

Bull Power Solar Will Develop an Open Access Captive Solar Park “Martanda”

Rajasthan has imbibed greater potential in terms of harnessing green solar energy while utilising it in prosperous ways, thereby nominating Rajasthan as the most eligible state for the development of an open access captive solar park. The place becomes more ideal having the business-friendly solar policy from the Government of Rajasthan. In such scenario, Rajasthan’s fast-moving and leading solar EPC Company Bull Power Solar is solely determined to introduce a new and resourceful angle to a new project while keeping in mind the savings in large industrial and corporate electricity bills with the installation of a 50 MW Captive Solar Power Park in Bikaner district of Rajasthan. 

India Ratings Withdraws Ostro Mahawind Power’s Term Loan Rating

Ind-Ra is no longer required to maintain the rating, as the loan has been paid in full. Ostro Mahawind Power was set up to implement a 60MW wind power project at Sattigeri village in Saundatti District, Karnataka, comprising 30 units of 2W wind energy converters at a hub height of 106m and rotor diameter of 114m. Additional information is available at http://www.indiaratings.co.in. The ratings above were solicited by, or on behalf of, the issuer, and therefore, India Ratings has been compensated for the provision of the ratings. 

Total Strengthens its Partnership with Adani in Renewable Energies

Total and AGEL, a renewable energy subsidiary of the Adani Group, formed a JV to which AGEL contributed a portfolio of 2.1 GW of solar power plants. As part of an option provided for in the initial contract for the formation of the JV, Total and AGEL agreed to extend this portfolio from 2.1 to 2.3 GW with the addition of new solar farms. “With an ambitious target of 175 GW of installed capacity by 2022, India is a strong growth area for renewable energy. Since last year, the Group has strengthened its commitment in India with around 5 GW of solar projects in the country, in line with its ambition to become a world leader in renewable energies. We are very pleased to further expand our partnership with the Adani Group,” said Patrick Pouyanné, Chairman and CEO of Total.

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