Northeast Frontier Railway Tenders 5.7 MW of Rooftop Solar Projects

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UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project in Kazakhstan

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					</table><a href="https://www.mercomindia.com/sjvn-1-2-gw-fdre-ii-auction" target="_blank" rel="noopener">Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s auction to supply 1,200 MW firm and dispatchable</a> power from inter-state transmission system-connected renewable energy projects with energy storage systems under tariff-based competitive bidding (FDRE II). Juniper, ReNew, Zelestra, and Hero won 200 MW, 150 MW, 140 MW, and 120 MW, respectively, at a tariff of ₹4.25 (~$0.0506)/kWh. Avaada was awarded 590 MW at a tariff of ₹4.26 (~$0.0507)/kWh. The tender was floated in March this year.
<a href="https://www.mercomindia.com/cerc-changes-price-discovery-mechanisms" target="_blank" rel="noopener">The Central Electricity Regulatory Commission has issued a draft order addressing concerns related to price discovery</a> mechanisms, market liquidity, and contract structuring in the power exchanges. The proposals focus on Day-Ahead Contingency and Term-Ahead Market contracts. Stakeholders can submit their comments and suggestions by November 4, 2024. Stakeholders had expressed concerns about high prices in DAC contracts, especially since October 2023, when prices consistently exceeded those in the Day-Ahead Market. The price discrepancy, coupled with the introduction of new competing contracts such as Real-Time Market (RTM), had led to fears about potential price manipulations and inefficiencies in the current price discovery mechanism.
<a href="https://www.mercomindia.com/pumped-storage-projects-to-receive-up-to-%E2%82%B920-million-mw-budgetary-support" target="_blank" rel="noopener">The Ministry of Power has modified the provision of budgetary support for hydroelectric and Pumped Storage Projects,</a> with a total outlay of ₹124.6 billion (~$1.48 billion). The ministry will support projects of a cumulative hydroelectric capacity of 31 GW, including 15 GW of PSP capacity from the financial year 2024-25 to 2031-32. The budgetary support is capped at ₹10 million (~$119,126)/MW for projects up to 200 MW and ₹2 billion (~$23.81 million) plus ₹7.5 million (~$89,345)/MW for projects exceeding 200 MW, with a potential increase to ₹15 million (~$178,676)/MW for exceptional cases.
<a href="https://www.mercomindia.com/mnre-introduces-1-of-cfa-as-service-charge-under-pm-surya-ghar" target="_blank" rel="noopener">The Ministry of New and Renewable Energy has said 1% of the Central Financial Assistance component will be imposed as a service</a> charge on rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana to provide financial support to implementing agencies. The government has allocated ₹6.57 billion (~$78.24 million) to cover service charges associated with implementing the program’s various components. The funds will be utilized by REC and state implementing agencies (SIA). The Mission Directorate, headed by a joint secretary in charge of rooftop solar, will be responsible for the program’s implementation.
<a href="https://www.mercomindia.com/gail-invites-bids-solar-project-in-madhya-pradesh" target="_blank" rel="noopener">GAIL (India) has invited bids for the design, engineering, procurement and supply, construction, erection, testing, commissioning, and operation</a> and maintenance of a 7.75 MW grid-connected floating solar project at Vijaipur in Madhya Pradesh. The last date for submitting bids is October 29, 2024. Bids will be opened on October 30. The project site is situated within the GAIL Vijaipur complex. Bidders will also be responsible for the project’s five-year operation and maintenance. They must construct a central monitoring and control station with SCADA, PPC panel, and associated equipment at an identified location within the solar project premises.
<a href="https://www.mercomindia.com/coal-india-subsidiary-5-mw-floating-solar-project" target="_blank" rel="noopener">Central Mine Planning &amp; Design Institute, a subsidiary of Coal India, has invited bids to commission a 5 MW grid-connected floating solar project</a> for Eastern Coalfields at the quarry sump of Dalmia OCP Salanpur Area in West Bengal. The project should be commissioned within 270 days of receiving the work order. The developer must also oversee the project’s operation and maintenance for five years. The estimated tender value is ₹310.14 million (~$3.69 million). The last day to submit the bids is October 24, 2024. Bids will be opened on the next day.
<a href="https://www.mercomindia.com/south-western-railway-solar-power-systems" target="_blank" rel="noopener">The Mysore Division of the South Western Railway has invited bids to install 1.33 MW solar power systems on railway stations, service buildings</a>, level crossing gates, and staff quarters. The last date for the submission of bids is October 25, 2024. The scope of work covers the supply, testing, and commissioning of on-grid solar photovoltaic power systems projects with a total capacity of 1,330 kW, installation of 11 kV HT metering cubicles at 10 locations, and supply and installation of 36 off-grid solar systems of 1 kVA capacity each. The cost of the project is ₹95.3 million (~$1.13 million).
<a href="https://www.mercomindia.com/torrent-power-to-supply-8-5mw-solar-power" target="_blank" rel="noopener">Torrent Power will supply 8.5 MW of solar power to the production units of The Lakshmi Mills, a yarn and fabric company based</a> in Coimbatore, Tamil Nadu, through open access. Torrent Power, Torrent Urja 17, and The Lakshmi Mills Company have signed a Share Subscription and Shareholders’ Agreement under which Lakshmi Mills will hold at least 26% of the aggregate equity shares of TU17. TU17 was incorporated by Torrent Power to undertake the business of generation, transmission, distribution, purchase, procurement, sale, trading, and import and export of all forms of power, including non-conventional and renewable energy.
<a href="https://www.mercomindia.com/ev-battery-leasing-company-urja-mobility-raises-%E2%82%B91-billion" target="_blank" rel="noopener">Urja Mobility, an electric vehicle leasing company, has raised ₹1 billion (~$11.9 million) in its Pre-Series A funding round, comprising</a> debt and equity financing. Mufin Green Finance and Hindon Mercantile led the funding round. The company will use the funds to expand its energy consumption and supply chain management solutions, focusing on the e-mobility and energy storage sectors. The funding will enable UrjaMobility to scale its operations and extend its pay-per-use leasing model.
<a href="https://www.mercomindia.com/us-slaps-anti-dumping-duties-on-indian-aluminum-extrusions-used-in-solar-racking" target="_blank" rel="noopener">The U.S. Department of Commerce has imposed anti-dumping duties at rates ranging from 2.02% to 376.85% and countervailing duties</a> at rates ranging from 1.44% to 168.81% on aluminum extrusions imported from 14 countries, including India. The aluminum extrusions are used in trackers and mounting structures for solar panels. These trade duties will not affect aluminum framing on imported solar modules. The department determined that 14 countries—China, India, Colombia, Ecuador, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, the United Arab Emirates, and Vietnam—have dumped subsidized aluminum extrusions into the U.S., violating international trade rules.

Daily News Wrap-Up: SJVN’s 1.2 GW FDRE Auction Winners Revealed

The office of the Directorate General of Anti-Dumping &amp; Allied Duties (DGAD) has recommended the imposition of an anti-dumping duty on castings for wind-operated electricity generators originating in or exported from China. The duties apply to castings that are:  machined, raw, in finished or sub-assembled form, are part of a sub-assembly, or part of equipment or component meant for wind-operated electricity generators.
The DGAD’s office notified all interested parties and opportunity was given to exporters, importers, and other interested parties to provide positive information on the aspects of dumping, injury, and the link between them.
After conducting the investigation into dumping, injury, and the link, the DGAD’s office established positive subsidy margins as well as injury to the domestic industry caused by such subsidized imports. DGAD views the imposition of an anti-dumping duty as a requirement to offset dumping and injury.
During the investigation, DGAD’s office found that Dalian Huarui Heavy Industry Casting Co. Ltd., Zhejiang Jiali Wind Power Technology Co. Ltd., Jiangsu Sinojit Wind Energy Technology Co. Ltd., Changzhou Sinojit Wind Energy Tech. Co. Ltd., JiangyinHenghua Machinery Co. Ltd., JiangyinQixing Technology Co. Ltd., Jiangyin Changling New Energy Co. Ltd., Nantong Hongde Mechanical Co. Ltd., KOIZUMI Machinery Co. Ltd., Jiangsu Faw Foundary Co. Ltd., and Yeong Guan Energy Tech. Group Company Limited had run afoul of India’s anti-dumping norms.
The DGAD office has recommended imposing an anti-dumping duty of 18.48 percent on exports to India from Dalian Huarui Heavy Industry Casting Co. Ltd., 6.27 percent on exports from Zhejiang Jiali Wind Power Technology Co. Ltd., and 14.44 percent on exports from Jiangsu Sinojit Wind Energy Technology Co. Ltd. and Techtone HK ltd.
The DGAD office also recommended imposing an anti-dumping duty of 18.64 percent on exports from Nantong Hongde Mechanical Co. Ltd., 28.83 percent on exports from Jiangsu Faw Foundary Co., Ltd., 15.46 percent on exports from Ningbo Yeong Shang Casting lron Co. Ltd., and Yeong Chen Asia Pacific Co. Ltd.
Apart from recommending the imposition of duties on exports from the above-mentioned entities, the DGAD’s office has also specified an anti-dumping duty of 35.92 percent on other wind exports from any other exporter in China.
In its investigation, DGAD found:
<ul>
<li>The product under consideration has been exported to India from China PR at rates below normal values.</li>
<li>The domestic industry has suffered material injury due to these imports from China.</li>
<li>Material injury has been caused by the dumped imports from China.</li>
</ul>
The DGAD’s office issued the recommendation as part of the completed investigation into the anti-dumping petition filed by Larsen &amp; Toubro.
According to Mercom India Research, the lowest ever wind tariff of Rs.3.46 (~$0.054)/kWh was recently recorded in India. The imposition of an anti-dumping duty may lead to a spike in costs for the developers.
When asked about the effect that anti-dumping duties will have on the wind sector in India, a DGAD official told Mercom, “Imposing anti-dumping duties might slightly affect the price of castings but, to ensure fair competition in the Indian market, anti-dumping measures are necessary.” If we do not help the manufacturers here, the sector won’t truly grow, the DGAD official added.
Mercom <a href="https://mercomindia.com/indias-anti-dumping-investigation-solar-imports-china-taiwan-malaysia-underway/" target="_blank" rel="noopener">previously reported</a> that the DGAD’s office was investigating an anti-dumping petition filed against solar imports from China.
“This result is an ominous sign for the solar sector as DGAD just <a href="https://mercomindia.com/indias-anti-dumping-investigation-solar-imports-china-taiwan-malaysia-underway/" target="_blank" rel="noopener">initiated</a> anti-dumping investigation against solar imports from China, Taiwan, and Malaysia. It will be very important to watch if these duties will be accepted and imposed,” said Raj Prabhu, CEO of Mercom Capital Group.

DGAD Recommends Imposition of Anti-Dumping Duty on Imports of Wind Turbine Castings from China

The Indian Ministry of Trade and Commerce has concluded its solar anti-dumping investigations and has recommended imposition of anti-dumping duties on solar cell imports from China, the United States, Malaysia, and Taiwan. This by no means is a &#8220;done deal&#8221; as this recommendation now moves to the Ministry of Finance, which has to make the final decision. It will be imperative that the Ministry of Finance decides on this sooner than later as project development in India will likely remain frozen until there is absolute clarity around the issue.
The recommended tariffs range from $0.11 to $0.81 per watt. It has been noted that the Ministry of Finance almost always accepts such recommendations, but this is an extraordinary situation that overlaps two administrations each with different views about support for solar. This is a big test for the new Modi administration, which has said the right things about its support for solar during election campaigning, but now will be under enormous pressure to make the right call. As we mentioned in <a href="https://mercomindia.com/india-solar-market-quarterly-update-mercom-capital-group-cautiously-reiterates-india-solar-installation-forecast-eyes-indias-new-government-get-industry-back-track/">last week’s update</a>, for a sector that hasn’t grown a lot since 2012, imposition of an anti-dumping duty will be disastrous, and will increase uncertainty, and raise solar power prices.

Indian Ministry of Trade and Commerce Recommends Anti-Dumping Duty on Solar Cells Imported From China, US, Malaysia, and Taiwan

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