Author Archives: Saumy Prateek

About Saumy Prateek

Saumy Prateek Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.

saumy@mercomindia.com

@pratsays

DISCOM Credit Risk is High but Risk Perception has Reduced with SECI and NTPC: Interview

DISCOM Credit Risk is High but Risk Perception has Reduced with SECI and NTPC: Interview

India recently achieved the milestone of  25 GW of installed solar capacity but the market has slowed down after safeguard duty announcement and other risk factors. Mercom sat down with ...
/ / Markets & Policy, Solar
Maharashtra Approves 200 MW of Bagasse-Based Projects

Maharashtra Approves 200 MW of Bagasse-Based Projects

The Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) proposal to procure long-term bagasse-based cogeneration power through competitive bidding. This paves the way for ...
/ / Other, Renewable Energy
Wind Generators in Maharashtra to Receive Pending Dues in Two Weeks

Wind Generators in Maharashtra to Receive Pending Dues in Two Weeks

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to pay dues to wind power generators Shah Lulla Estate Developers (SLED) and BLP Wind Project ...
/ / Other, Wind
Key Government Policy Announcements for India’s Renewable Sector in September 2018

Kazakhstan Auctions 202 MW of Solar Projects

Kazakhstan has auctioned 202 MW of grid-connected solar photovoltaic (PV) capacity in two separate auctions. To begin with, the Kazakhstan electricity and power market operator (JSC KOREM) has auctioned 30 ...
/ / Markets & Policy, Solar
MSEDCL Directed to Pay ₹41.0464 Billion in Dues to Wind Power Generators

MSEDCL Directed to Pay ₹41 Billion in Dues to Wind Power Generators

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to pay ₹41.0464 billion (~$0.56 billion) in dues to wind power generators in Maharashtra. MERC was ...
/ / Other, Wind
Ceiling Tariff of ₹3.10kWh Set for Maharashtra’s Solar Agricultural Feeder Program

Tariff Ceiling of ₹3.10/kWh Set for Maharashtra’s Solar Agricultural Feeder Program

The Maharashtra Electricity Regulatory Commission (MERC) has approved the initiation of a district (circle) wise competitive bidding process for the procurement of solar power under Mukhyamantri Saur Krishi Vahini Yojana ...
/ / Markets & Policy, Solar
MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

MERC Directs Reduction in Tariff for Solar Agricultural Feeder Program in Maharashtra

Expressing its disagreement with the solar tariff of ₹3.15 (~$0.043), the Maharashtra Electricity Regulatory Commission (MERC) has directed Maharashtra State Power Generation Company Limited (MAHAGENCO/MSPGCL) to reduce the price after taking ...
/ / Markets & Policy, Solar
Himachal Pradesh Issues Draft Amendment to Rooftop Solar Regulations

Himachal Pradesh Issues Draft Amendment to Rooftop Solar Regulations

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued Draft (Rooftop Solar photovoltaic (PV) Grid Interactive System based on Net Metering) (First Amendment) Regulations, 2018. The draft is open for ...
/ / Markets & Policy, Solar
Solar Modules

Zimbabwe to Soon Begin the Development of its Largest 22 MW Solar Project

Zimbabwe will soon begin the construction of its largest independent power producer (IPP) solar PV project. SOVENTIX South Africa, a subsidiary of solar project developer SOVENTIX GmbH has been awarded ...
/ / Markets & Policy, Solar
Maharashtra Floats a 50 MW Solar Tender Across 30 Districts

Solar Projects Facing Land Challenges in Rajasthan’s Bhadla Park

Solar projects aggregating 750 MW under development in Rajasthan’s Bhadla Solar Park are facing delays due to land procurement issues. According to Mercom’s India Solar PV Project Tracker, the entire ...
/ / Markets & Policy, Solar
Rising Competition in India’s Solar Market has Cut Margins to the Bone

Rising Competition in India’s Solar Market has Cut Margins to the Bone: Interview

Mercom India’s news team recently had the opportunity to speak with energy solutions provider GoodWe’s sales head for south and east Asia, James Hou. Hou shed some light on the ...
/ / Markets & Policy, Solar
Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables

Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables

To propel its push into emerging markets focused on sustainable financing, Standard Chartered, an international bank listed on the London and Hong Kong Stock Exchanges as well as India’s Bombay ...
/ / Other, Renewable Energy
Why the 2.4 GW Solar Auction Was Cancelled

Why the 2.4 GW Solar Auction Was Cancelled

A few weeks ago, news that the Solar Energy Corporation of India (SECI) cancelled 2.4 GW of auctioned solar capacity made the headlines. The capacity cancelled was part of the ...
/ / Solar, Tenders & Auctions
MNRE Extends Deadline for Self-Certification of Solar Modules to September 20, 2018

B.Grimm Power Enters PPA for a 257 MW Solar Project in Vietnam

Thailand’s B.Grimm Power has entered into a power purchase agreement  (PPA) with Electricity of Vietnam (EVN) for solar projects totaling 257 MW in the country. The project is located in ...
/ / Markets & Policy, Solar
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank ...
/ / Markets & Policy, Solar
Solar and Wind Power Procurement Situation is a Mess

Solar and Wind Power Procurement Situation is a Mess

State-run distribution companies (DISCOMs) and negligent state electricity regulatory commissions (SERCs) are creating an obstacle in the path of India’s solar story, according to a letter written by R. K ...
/ / Markets & Policy, Solar
Uttar Pradesh’s 500 MW Solar Auction Sees Lowest Tariff of ₹3.17/kWh

Uttar Pradesh’s 500 MW Solar Auction Sees Lowest Tariff of ₹3.17/kWh

Solar tariffs quoted by project developers have remained firmly above the ₹3 (~$0.040)/kWh mark in Uttar Pradesh. The Lowest (L1) tariff of ₹3.17 (~$0.043) was quoted in the recent solar ...
/ / Solar, Tenders & Auctions
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal

The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA  (Earnings Before Interest, Tax, Depreciation and Amortization) in ...
/ / Finance and M&A, Solar
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects

IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue has attracted strong investor demand, ...
/ / Other, Renewable Energy
Oman Calls for Proposals for Technical Consultancy for its Third Large-Scale Solar Project

Oman Calls for Proposals for Technical Consultancy for its Third Large-Scale Solar Project

Oman is planning to develop another large-scale grid-connected solar photovoltaic (PV)project. The project is slated to have a capacity between 500 MW and 1,000 MW. The Oman Power and Water ...
/ / Markets & Policy, Solar
Madhya Pradesh’s Rewa Ultra Mega Solar Limited Issues 1,500 MW Solar Tender

Madhya Pradesh’s Rewa Ultra Mega Solar Limited Issues 1,500 MW Solar Tender

Rewa Ultra Mega Solar Limited (RUMS) has tendered a total of 1,500 MW of grid-connected solar photovoltaic (PV) projects which will be developed across three solar parks in the state ...
/ / Solar, Tenders & Auctions
Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog

Solar penetration in India is highly cost sensitive, says a recent working paper released by the National Institute of Transforming India (NITI) Aayog. The study is based on India’s energy ...
/ / Markets & Policy, Solar
CERC Proposes Granting Category I Inter-State Trading License to Refex Energy

DISCOMs Should Purchase Power from Renewable Projects under REC at ₹2.67/kWh

The Rajasthan Electricity Regulatory Commission (RERC) has released a staff paper on projects registered under renewable energy certificate (REC) mechanism in the state. The paper analyzes the issues being faced ...
/ / Grid, Market & Policy
Tamil Nadu Sets ₹3.97/kWh as Pooled Cost of Power for Renewables

Spot Power Price Rose 41% Due to Shortage of Coal, Reduced Generation from Hydro and Wind

Spot power price witnessed an unprecedented spike in September 2018, reversing the trend from the previous months. In September 2018, the recorded spot power price was ₹4.69 (~$0.063)/kWh. This is ...
/ / Grid, Market & Policy
EESL Signs Pact with Haryana DISCOMs to Install 1 Million Smart Meters

Indore Smart City Development Limited Issues Tender for 30,000 Smart Meters

Indore Smart City Development Limited has issued a tender for smart meters to be installed under Indore Smart City project. This is a percentage rate tender for the supply, installation ...
/ / Energy Efficiency, Other