BPCL is expected to procure over 65 million units of renewable energy
The state had floated the RfP for 52 MW of solar projects in July 2019
The deadline for the submission of bids is October 22, 2019
Telangana to invite bids for producing 1,000 MW solar power
Both have submitted firm offers and a final decision is due in the next couple of weeks. Actis, another global investor in the race, had backed out recently.
However, any trend of increasing credit reliance on state discoms in future PPAs can have a negative bearing on the credit rating of these projects
The high court has asked both sides to make written submissions by September 23, before delivering the much-waited order
The commission, however, has denied ACME a mechanism to compensate it for the increase in project costs
According to the letter, approvals were given for 2,193 MW of projects against the sanctioned capacity of 2,095 MW at the 400 kV Uravakonda substation
Power company not to undertake any new coal-based capacity for the next few years to reduce its carbon footprint
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