Solar projects facing procedural delays in India

- Advertisement -

At least thirty solar project developers have decided to file a petition before the state electricity regulator to seek extension of the current tariff regime. Developers of close to 450 MW of solar projects fear of their investments of Rs 67.5 billion becoming unviable as they are not in a position to commission their capacities before December, a deadline set by the Gujarat Electricity Regulatory Commission (GERC). They have already roped in a legal expert for ‘mass-petitions’.

Recently, representatives of Moser Baer, Lanco, Kiran Energy, GMR, Sun Edison and Emco met at Ahmedabad Management Association to decide the future course of action for the struggling solar project developers. Developers will get tariff of Rs 15 per unit for the first 12 years and Rs 5 per unit from 13th to 25th year for solar power units based on PV technology. Majority of the developers are expected to miss deadline in December. GUVNL will impose penalty per day on the projects to be commissioned after the deadline. Also, the late project developers will get less return in new tariff regime, which is expected to come in place from January 2012. It is learnt that developers will plead before the GERC to extend the deadline till March end and implement new tariff regime from April 1, 2012.

Developers will contend that late allocation of land besides other procedural issues resulted in delays of their project. Some of the developers are claiming that they were asked to change their location twice or thrice in the state promoted Solar Park. Earlier, the government Gujarat owned Gujarat Urja Vikas Nigam Limited inked long term power purchase agreements with over 83 developers to commission 950 MW of solar projects in the state. However, only 250-300 MW of projects will be commissioned before the deadline.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Exclusive

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

Rivian & Clearloop to Charge EVs With Carbon-Free Renewables

0
Rivian’s Clearloop-supported new Waypoints electric vehicle charging site, with its industry-standard J1772 plug, was inaugurated in Paris Carbon solutions platform Clearloop and US-based all-electric trucks,...

Important Sectors

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

North India’s Largest Floating Solar Project Set Up in Chandigarh

0
Chandigarh Renewable Energy and Science & Technology Promotion Society undertook the two projects to generate over 35 Lac kWh of solar energy per year In...

Manufacturing

Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....

Gogoro, Belrise form $2.5B JV with Maharashtra for EV charging stations

0
The equal stakes partnership will form an infrastructure company that owns battery swapping and EV charging stations across the state of Maharashtra. The state government...

Aries, Emdalo Team Up To Develop RISC-V FPGA Module

0
Aries will incorporate PolarFire FPGA architecture for its two M100PF and M100PFS system-on-modules (SoM).  Germany-based Aries Embedded has partnered with Emdalo Technologies to develop embedded...