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).
Madhya Pradesh has readied its blueprint for the Rs.4000 crore worth Green Energy Corridor project spearheaded by Power Grid Corporation (PGCIL), as next the five years would add another 6,000 MW of renewable energy projects in its installed capacity.
In order to provide low cost finance to renewable energy projects, Government announced its commitment in the Budget for 2013-14 to provide funds from the NCEF to Indian Renewable Energy Development Agency (IREDA) to on-lend to viable renewable energy projects.
To promote renewable energy projects further in the state, Gujarat government has demanded more Central assistance and incentive through policy changes. The State government is heavily focusing on the solar and other renewable energy power generation. The request to the Union government was made at the Power Minister's Conference held at New Delhi on February 5.