Discoms still not issuing letters of credit against power purchases – NSEFI
The National Solar Energy Federation of India has warned the Ministry of Power that PV developers may be deterred from participating in state tenders because distribution companies are still not issuing letters of credit as a payment security mechanism.
In SECI and NTPC PPAs, discom profile is integral for counterparty analysis: Ind-Ra
While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.
NSEFI asks ministry to intervene as Andhra Pradesh curtails renewable power
After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.
NSEFI seeks liquidity fund for utilities to clear solar power dues
The lobby group has written to the Ministry of New and Renewable Energy to create a fund for providing liquidity to State Discoms and thereby clearing the dues to independent solar power producers.
Anti-dumping duty on coated steel will raise solar project costs by 2-4%: Care Ratings
India’s Directorate General of Trade Remedies (DGTR) has determined that flat steel products coated with aluminium and zinc are being dumped by manufacturers in China at dumping margins of 30-50%, South Korea (20-30%) and Vietnam (10-20%). It has proposed anti-dumping duty based on the same to offset material injury to domestic manufacturers.
“Let’s compete on quality and innovation”: Vikram Solar CFO
With India losing major solar markets to stiffer competition from cheaper products, it’s high time to change the game by playing on quality and innovation—according to Vikram Solar Chief Financial Officer Rajendra Kumar Parakh, who spoke to pv magazine on the challenge of shrinking markets before Indian solar manufacturers.
PPA revisit in Andhra Pradesh will impact solar investment: India Ratings
The high-level committee formed by Andhra Pradesh government to review and renegotiate the signed power purchase agreements with wind and solar power developers has the potential to impair the cash flows of projects in the sector.
KPI Global gets GETCO nod to enhance solar power evacuation
Independent power producer KPI Global Infrastructure has received Gujarat Energy Transmission Corporation’s approval to enhance solar power evacuation from 30 MW to 70 MW (30 MW existing + 40 MW additional capacity) at 66 KV Amod Substation of district Bharuch in Gujarat.
‘Anti-dumping duty on coated steel will impede solar growth’
Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.
Andhra Pradesh government to reduce payments negotiated under existing power deals
The state government will defy a ministerial order not to renegotiate signed deals after leadership of the legislative assembly changed hands in May’s elections. Consultancy Bridge to India says the contracts are legally binding but the move will shake investor confidence nevertheless.
