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Rajasthan Gets Rs 4000 Cr Investment for 925 MW Solar Plant ---------------------------------------------------------------------- NTPC and RSDCL are set to sign an agreement with an investment worth Rs 4000 crore to develop 925 MW solar power projects in Nokh Solar Park in Rajasthan In what will become the first largest investment in Rajasthan during the current regime of the Congress government, NTPC and Rajasthan Solarpark Development Corporation Ltd (RSDCL), a subsidiary of RRECL, will sign an agreement to develop 925 MW capacity solar power projects in Nokh Solar Park, near Jaisalmer. As per the agreement, NTPC will develop solar PV projects in the park at an estimated investment of Rs 4, 000 crore, while RSDCL will build the basic infrastructure that would require about Rs 450 crore. The park will be connected to PGCIL’s 765 kV Bhadla-II sub-station. “The agreement follows rounds of discussion between NTPC and RSDCL officials and will bring to Rajasthan the biggest investment in the state’s solar power sector. The NTPC board has already approved the investment in a meeting held on February 7, 2020, and signing of the Implementation Support Agreement (ISA) will officially mark the commencement of the investment inflow to state, ” Ajitabh Sharma, principal secretary, Energy and chairman of RRECL told media. Recently, RSDCL had issued a tender, seeking bids from eligible firms for the construction of 220 kV and 132 kV transmission lines for the Nokh Solar Park in Jaisalmer on a turnkey basis. The scope of work for the selected bidders will include the design, engineering, procurement, installation, testing, and commissioning of the transmission lines on a turnkey basis. The successful bidder will have a period of 15 months from the date of issuance of the purchase order to complete the work on the project. The park is proposed to have four projects, three of 245 MW each to be developed in EPC mode and one of 190 MW in developer mode. For the power evacuation system, RSDCL will construct four park pooling substations and transmission lines for Nokh solar park. Availability of most sunny days in a year, high insolation and large tracts of government, as well as private non-cultivable barren land, make Rajasthan a sought-after destination for solar developers. To harness the potential, the state government has recently launched the new Rajasthan Solar Energy Policy, 2019 and Rajasthan Wind and Hybrid Energy Policy, 2019, giving competitive incentives to investors. The government is also promoting the establishment of ultra mega renewable energy power parks with CPSUs and private developers. In January, we had reported that Mahindra Renewables Private Limited (MRPL), a wholly-owned subsidiary of Mahindra Group cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around USD 171 million to set up an IFC-backed 250 MW solar power project in Rajasthan around 1200 acres at Bhiv Ji ka Gaon Village in Bap Tehsil, Jodhpur District.
UP govt allows farm land lease for solar power plant, agri industry --------------------------------------------------------------------- The new law permits lease of agricultural land for agricultural purposes for up to 15 years and for a solar project for up to 30 years. -------------------------------------------------------------------- Lucknow: In a major push to boost investment and production as well as setting up of solar power projects in the state ahead of the ground breaking ceremony on Sunday, the UP government has made it possible to lease out agricultural land, so far prohibited, for agricultural purpose or for setting up solar plants. The new law permits lease of agricultural land for agricultural purposes for up to 15 years and for a solar project for up to 30 years. The change in rules will be highly beneficial for Bundelkhand where acres of land has been lying fallow as leasing was not permitted, said an official. “It is not as if people were not leasing their land, but we have now formalised the system for financing and investment, and given a huge boost to solar projects, ” the official said on the eve of second ground breaking where 292 projects worth about Rs 65, 000 crore will be launched. The UP Revenue Code (Amendment) Bill, 2019, which has replaced an ordinance, was cleared by both Houses on Friday. The Bill could not be tabled in last Assembly session for some reason and had lapsed, forcing the government to bring an ordinance on March 10, 2019, an official said. The bill also eases the process of converting agricultural land to non-agricultural vide an amendment to section 80 which deals with land use conversion and has introduced a regularisation penalty in case someone purchases more than 12.5 acre agricultural land without prior permission from government. Till now, banks did not finance projects if the land use wasn’t changed while the revenue department refused to allow change of land use till work started. The amendment will allow application for land use change with minimum work carried out at the site. The other key development is introduction of a 5% regularisation penalty for purchase of more than 12.5 acre agricultural land for non-agricultural use. One cannot hold more than 12.5 acre land for agricultural purposes.
SECI, a CPSU, conducts e-Reverse Auction for the 400 MW RE projects with RTC supply Results in historic first year tariff of Rs. 2.90/kWh Indian Renewable Energy (RE) sector has witnessed history today, as the e-Reverse Auction(e-RA) for 400 MW RE(Renewable Energy) Projects with Round the Clock (RTC) supply, was concluded at an astounding first year tariff of Rs.2.90/kWh. The bidding was conducted by Solar Energy Corporation of India Ltd., a Central PSU under Ministry of New and Renewable Energy. The capacity of 400 MW has been awarded to M/s ReNew Solar Power Pvt. Ltd. after a closely fought auction which saw the lowest tariff drop by 69 paise over the course of almost 3 hours. Complementing SECI for this effort Shri R. K. Singh, the Union Minister of State (IC), Power and New & Renewable Energy & Minister of State, Skill Development and Entrepreneurship, said in a tweet last evening, “Golden chapter added in Indian Renewable Energy story, as e-RA for 400 MW RE Projects with Round the Clock (RTC) supply conducted by SECI Ltd results in historic 1st year tariff of Rs.2.90/kWh. MNRE makes a new beginning towards firm, schedulable & affordable RTC supply through 100% RE power.” The tender for 400 MW capacity had received a strong participation, with 4 bidders submitting their bids for a total capacity of 950 MW. 3 out of the 4 bidders, namely M/s ReNew Solar Power Pvt. Ltd., M/s Greenko Energies Pvt. Ltd and M/ HES Infra Pvt Ltd. were finally shortlisted for the e-Reverse Auction. M/s Ayana Renewable Power Pvt. Ltd. was the fourth bidder. Power from this project is targeted to be sold to the NDMC and Daman & Diu and Dadra & Nagar Haveli, with each entity off taking a capacity of 200 MW. There was no ceiling tariff for the Projects, and the developers are free to set up the project on a Pan-India basis. The projects under this tender will be set up under the Build-Own-Operate model. What makes the tariff a historic one, is the fact that this tender provides for a Round the Clock energy supply from 100% RE based energy generation sources, such as wind and solar PV, combined with storage. The developer will be provided a maximum time period of 24 months from the Effective Date of PPA. The first year tariff shall be escalated @3% on an annual basis, up to the 15th year of the 25-year Term of the PPA. As a result, the effective tariff for the said Project amounts to Rs.3.59/kWh. Compared to the tariffs witnessed in conventional sources of generation, this tariff offers a much better proposition for the Disocms to meet their energy demand through 100% RE supply. As per the bid conditions, the developer is mandated to fulfil an annual minimum CUF( Capacity Utilisation Factor) requirement of 80%, and a monthly CUF requirement of 70%. Failure to achieve the above requirements in terms of the PPA, would result in removal of tariff escalation in the subsequent year(s), until the above requirements are achieved in a particular year. In terms of the above requirements, the tender therefore achieves a major milestone towards the MNRE's and SECI's efforts in realizing a firm, assured schedulable RE power supply model, which may inevitably, replace a conventional project, at a more viable tariff.
India sets up 31, 696 MW solar power generation capacity ---------------------------------------------------------------------- The government on Thursday said a total 31, 696 Mega Watt (MW) of grid connected solar power generation capacity has been set up in the country till October 2019. The government's target is to installing 1, 00, 000 MW grid connected solar power capacity by December 2022, Minister of State for Power and New and Renewable Energy R K Singh said in a written reply to the Lok Sabha. "As on October 31, 2019, a total grid connected solar power generation capacity of 31, 696 MW has been set up in the Country, projects of 17, 998 MW capacity are at various stages of installations, " the minister said. Tenders for another 36, 278 MW capacity projects have been issued and with new tenders of around 15, 000 MW planned in remaining period of 2019-20 and 2020-21, and the country is on course for achieving the target, he said. Most of the solar power projects in the country have been/are being set up with private investment, Singh said. "The union government has been implementing National Solar Mission under which various Schemes (as detailed in Annexure-III) have been launched for promoting the generation and use of solar power in the country. This...makes publicity for effective implementation all schemes including Solar Schemes through print, social, electronic and other media. The Ministry has also launched a Mobile App for solar rooftop systems, " the Singh said.
Future Green Power Solutions Pvt Ltd is system Integration Company in field of solar system. We give full solutions in field of solar photovoltaic power generation system and company offering world class EPC, product sale, consulting services for the implantation of grid interactive solar power projects, setting up solar power plants sanctioned under guidelines of MNRE (ministry of new and renewable energy corporation, Government of India), setting up solar power plants for sale to power distribution/utility, utility grid power projects for sale through RE (Solar) certificate mechanism, utility grid solar power project for captive use / sale to 3rd party /state other then state power utility through open access, rooftop SPV power plant to abstract the benefit of net metering policy of the states for domestic, industrial consumers of electricity and REC certificate benefit for large industrial consumer of electricity, Decentralize and off-grid SPV power plant, Development of SPV solar power generation park.
ReNew Solar Power bags 400 MW renewable energy projects at Rs 2.90/unit: MNRE "Golden chapter added in Indian Renewable Energy story, as e-RA for 400 MW RE Projects with Round the Clock (RTC) supply conducted by SECI Ltd results in historic 1st year tariff of Rs 2.90/kWh. MNRE makes a new beginning towards firm, schedulable & affordable RTC supply through 100 per cent RE power, " Power and New & Renewable Energy Minister R K Singh said in a tweet last evening
Rooftop SPV power plant to abstract the benefit of net metering policy of the states for domestic, industrial consumers of electricity and REC certificate benefit for large industrial consumer of electricity Decentralize and off-grid SPV power plant We provide turnkey solutions from concept to commissioning of Substations, distributions, Electrification, Solar projects and balance of plant related projects.
Rajasthan Government will provide land at 50% concessional rate of DLC for first 500 renewable energy-based EV charging stations. These projects will get 100% exemption in normal transmission and wheeling charges for a period of 10 years and 100% electricity duty waiver for 7 years.D
APPLICATION : -Agriculture -Water Treatment Plant -Filling Treatment Tanks & Water Storage Pump. -Sprinkle irrigation- Drip Irrigation, Mass Irrigation, Live Stock Watering. Hospital, Residential, hotel, industrial, school, nagar palika, trust, resorts, petrol pumps, colleges, hostels, complexes and residential projects.
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