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New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction

New record low solar tariff of Rs 3.30/kWh logged at Rewa Solar Park auction

In the recently concluded 750 MW Rewa Solar Park auction in Madhya Pradesh, bids reached a new record low of Rs 3.30 (~$0.494)/kWh (levelised tariff over 25 years) over a rupee lower than the previous low tariff of Rs 4.34 (~$0.065)/kWh, which was recorded in the state of Rajasthan in January 2016. The winning bid for first year tariff hit a new low at Rs 2.97 (~$0.0444)/kWh and will escalate by Rs 0.05 (~$0.0007) over 15 years, bringing the levelised tariff to Rs 3.30 (~$0.494)/kWh over 25 year

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PGCIL lowest bidder for Rs.6,300-cr Vemagiri II proj

PGCIL lowest bidder for Rs.6,300-cr Vemagiri II proj

Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs.6,300 crore in a tariff-based auction. For Vemagiri II project, PGCIL has bid very aggressively and quoted Rs.359 crore annual tariff per annum followed by Sterlite Grid (Rs.429.05 crore), Essel (Rs.459 crore) and Adani (Rs.585 crore).

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IIFCL seeks Korean investment in Indian infrastructure

IIFCL seeks Korean investment in Indian infrastructure

With an agenda to attract investment in India, the IIFCL has organised a one-on-one discussion of Indian infra developer with Korean investors. The Korean delegation was led by Kim Kyung Wook, Assistant Minister, Ministry of Land, Infrastructure and Transport, Republic of Korea and Song, Byung Hak, Managing Director, KDB Infrastructure Investment Asset Management Co Ltd.

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Looking East

Looking East

While political differences may take a while to be ironed out, growing business collaborations between India and China are scripting a mutually benefiting story. China has shown keen interest to finance India´s infrastructure development

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