Solar developers in Gujarat get extension

- Advertisement -

Solar developers in Gujarat with projects under construction have been given a month’s extension to complete their plants without losing their preferential payment rates. The deadline has been extended to January 28, 2012, according to a PV magazine report.

After this extended deadline though, above market rates will no longer be handed out. The original deadline was December 31, 2011. Penalties of US$750 per day per MW would have been charged for missing the deadline.

Gujarat was the first state in India to start banking in on the sun and encouraging investment in the state. Gujarat got quickly involved in the solar sector by agreeing to provide sites, infrastructure and rapid approval of projects in its designated site. The state power regulator is to pay US$0.28 per kWh for 12 years to PV plants that meet the extended deadline. Thereafter, the rate will fall according to the draft discussion paper on Gujarat Electricity Regulatory Commission’s (GERC) website.

- Advertisement -

In the pipelines were more than 900 MW of projects to be developed by end of 2011. Petitions were however filed by a multitude of companies to the GERC as the hearing schedules on the GERC website reveals. There are developers who have managed to complete their projects but those seeking extensions have had delays.

Whether this deadline of January 28 can be met by companies rushing to complete remains in question and whether they will then face a fine or if GERC will further extend the deadline remains to be seen.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

India achieves 166 GW of renewable energy target

0
Power and New & Renewable Energy Minister RK Singh declared the numbers in a written reply to the Lok Sabha. India has achieved 165.94GW of...

SEZ: 100% WFH Facility Extended till Dec 2023

0
The union commerce ministry said that IT/ITeS units in special economic zones can allow 100 per cent of their workforce to work from...

Collins Aerospace Opens Tech & Ops Centers in Bengaluru

0
Inaugurated last week, the new facilities are the key first steps of larger Raytheon Technologies investment and growth strategy in India Operations Center...

Exclusive

India achieves 166 GW of renewable energy target

0
Power and New & Renewable Energy Minister RK Singh declared the numbers in a written reply to the Lok Sabha. India has achieved 165.94GW of...

Collins Aerospace Opens Tech & Ops Centers in Bengaluru

0
Inaugurated last week, the new facilities are the key first steps of larger Raytheon Technologies investment and growth strategy in India Operations Center...

My Dream Is To See India As A Top Electronics Product Nation

0
Hailing from a highly educated, partition-affected family with a rich musical and cultural lineage, being a pioneer of the computer revolution in India, Ajai...

Important Sectors

India achieves 166 GW of renewable energy target

0
Power and New & Renewable Energy Minister RK Singh declared the numbers in a written reply to the Lok Sabha. India has achieved 165.94GW of...

Collins Aerospace Opens Tech & Ops Centers in Bengaluru

0
Inaugurated last week, the new facilities are the key first steps of larger Raytheon Technologies investment and growth strategy in India Operations Center...

Foxconn injects $500M in Indian unit

0
The Singapore subsidiary has invested in the Indian unit amid challenges with China’s zero-Covid stance. Apple Inc.’s Taiwan-based partner, Foxconn announced on Thursday that its...

Optoma Launches Eco-Friendly Laser Projectors

0
Laced with the latest laser technology and higher power conversion efficiency: Optoma A 34% reduction in size as compared to the previous generation...

36 Volvo Electric Trucks Ordered by Australia

0
Placed by Team Global Express, these trucks will hit the streets of Sydney in 1Q23. This is Volvo’s largest electric truck order to date...

Manufacturing

Foxconn injects $500M in Indian unit

0
The Singapore subsidiary has invested in the Indian unit amid challenges with China’s zero-Covid stance. Apple Inc.’s Taiwan-based partner, Foxconn announced on Thursday that its...

ESDM-Hub in the Making: EPIC Partners With Odisha

0
The proposed initial product line for the collaboration will include manufacturing an Indian tablet PC with global quality Underprivileged people of the state...

SiC Substrate Manufacturing Tech: ST Set to Cooperate With Soitec

0
Soitec technology adopted by STMicroelectronics for future 200mm Silicon Carbide substrate production Global semiconductor giant, STMicroelectronics and Soitec, a leading semiconductor materials manufacturer, recently announced...

Luxoft Expands Presence in India with Opening of New Chennai Office

0
The new site will extend Luxoft’s ability to understand, develop, and seamlessly deliver tailor-made, end-to-end software solutions to clients in Chennai and across the...

Veira Group Set to Manufacture webOS Hub 2.0 Smart TVs

0
Veira—a strategic ODM India partner for the OS—aims to manufacture over a lakh webOS Smart TVs for leading Indian brands webOS Hub is...