The short-term power market is up for an eventful journey in FY18-FY20, says India Ratings and Research (Ind-Ra). However, the market is inhibited by impediments such as transmission constraints, opaque processes on open access within most states and steep cross-subsidy charges. A power supply-demand mismatch and a hiatus in long-term power purchase by states provide immense opportunities to the merchant market.
Category: Power & New and Renewable Energy
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UP install India’s largest battery based solar project
Consul Neowatt has received the approvals for execution of one of the largest battery based hybrid solar power projects in India totalling over 3 MW. The project will be powered by Consul NeowattÂ’s much acclaimed Sunbird range of hybrid solar inverters.
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Saudi Arabia’s Alfanar Group partners with Suzlon, eyes India’s RE sector
Suzlon has secured a 50.40 MW maiden order from Saudi Arabia's Alfanar Energy. Suzlon will install around 24 units of 2.1 MW, S111-90m wind turbine generator(WTG) and the project is scheduled for completion by March 2018.
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CleanMax Solar Announces Equity Financing of $100 mn from Warburg Pincus
CleanMax Solar, has secured equity financing of up to $100 million from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing.
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Hindustan Power acquires 15 solar projects in Japan
Hindustan Power, is set to increase its footprint in international markets to 2GW by 2022.
The company has recently acquired fifteen solar power generation projects in Japan and is poised to enter the emerging market of Bangladesh with 4 X 25 MWs solar projects at Trishal in Bangladesh.
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New power plant at West Bengal’s Haldia
India Power Corporation (Haldia) has commissioned a 450 MW (3x150 MW) thermal power plant in West Bengal paving the way for further industrialisation, socio-economic development and job creation in the state. India Power Haldia is a subsidiary of India Power Corporation Ltd.
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RK Systems Commissions IndiaÂ’s Tallest Lattice Met Tower
Mumbai-based RK Systems, has supplied and erected IndiaÂ’s tallest lattice met tower. Commissioned June 2017 in Southern India, the tower stretches 150 m high and features an array of NRG products, including 40C anemometers, 200P wind vanes, 110S temperature sensors, a BP20 barometric pressure sensor, and a SymphoniePRO data logger with iPackGPS for bankable, secure, and reliable data collection.
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Renewable Projects Leap Ahead of Thermal
Private thermal projects are staring at muted power demand, which is the effects of non-remunerative tariffs partly due to aggressive bids and some adverse perception due to falling renewable tariff, says India Ratings and Research (Ind-Ra).
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Piramal Finance aid Rs 700 cr to ACME Solar
Piramal Enterprises through its subsidiary Piramal Finance Limited (PFL), sanctioned an additional Rs 700 crore to ACME Solar Holdings Ltd. The deal was made through Corporate Finance Group (“CFG”) of Piramal Finance Ltd by introducing a new product - a Flexi Line of Credit - for the renewable energy sector.
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Our contribution to IRE has doubled in 2 years
Cyient is a global rail engineering solutions provider with over 25 years of rich engineering heritage. We partner with rolling stock original equipment manufacturers (OEMs) and rail signalling providers, enabling them to effectively design, build and maintain assets and efficiently realise projects for the Indian Railways.