Renewable energy firms and state power distribution companies fear a funding crunch in the power sector due to the takeover of REC by Power Finance Corp (PFC), even as both state-run firms started meeting stakeholders to allay their concerns.
Surat has become the first city in the country where water supply management by Surat Municipal Corporation (SMC) is being carried out using solar energy. Out of the total 6 mega watt of solar power plants, 4MW is dedicated for water supply management.
The government has floated a fresh manufacturing-linked solar tender with a smaller ticket size and fewer obligations after a previous attempt through a 10 GW auction fell flat. The cap on tariffs, which played a spoilsport in several recent tenders, is here to stay and is likely to be disputed again.
A privately-owned power distribution company in India has launched a tender to set up 300 megawatts of solar power capacity in the western state of Gujarat. The capacity auctioned shall be used by the distribution company to fulfill its Renewable Purchase Obligation (RPO).
The Bhakra Beas Management Board (BBMB) has planned to implement grid connected rooftop solar PV projects on the roofs of its buildings/offices, ground mounted and floating solar PV plant, as part of its contribution to renewable energy initiatives of the Union Ministry of New and Renewable Energy.
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