Electricity Tribunal Grants Grid Connectivity to Avaada’s 100 MW Solar Project
The Appellate Tribunal for Electricity (APTEL), in reply to Avaada Energy's petition, has approved grid-connectivity for a 100 MW solar project in Maharashtra. The project was earlier caught in disputes ...
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio
The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
Top Headlines from India’s Renewable Sector in April
The month of April witnessed several important events that might have a significant impact on the renewable energy sector going forward. Here are some of the important developments in April ...
Tata Power Distribution to Procure 150 MW of Solar Power at a Tariff of ₹2.83/kWh
The Maharashtra Electricity Regulatory Commission (MERC) has given its approval to Tata Power Company Limited-Distribution (TPC-D) to procure 150 MW of power on a long-term basis from solar projects at ...
France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy
PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. According to Mercom’s ...
Bihar Asks Developers to Reduce Tariff for 250 MW of Solar Projects
The Bihar Electricity Regulatory Commission (BERC) has rejected a petition filed by Bihar State Power Holding Company (BSPHCL) on behalf of North Bihar Power Distribution Company (NBPDCL), and South Bihar ...
Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business
Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company. According to Srei Equipment Finance Limited, the ...
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO
Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India
The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
Maharashtra Auctions 1 GW of Solar Projects at Lowest Tariff of ₹2.74/kWh
Shiv Solar and ACME Solar have quoted the lowest tariff of ₹2.74 (~$0.038)/kWh in the recent auction conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the purchase of ...
Karnataka High Court Stays KERC Order to Increase Wheeling Charges for Open Access
A vacation bench of the Karnataka High Court has imposed an indefinite stay on the Karnataka Electricity Regulatory Commission’s (KERC) recent order that levied 25 percent of the normal transmission ...