Karnataka

Karnataka Solar – KREDL releases list of bidders; 8 Developers Pocket 500 MWs

3 developers – SunEdison, Azure and Welspun together bag more than 75% of the total 500 MW that was put up for bidding by Karnataka Renewable Energy Development Ltd(KREDL). While 30 developers had placed a total of 68 bids, only 8 bidders won. Interestingly, 13 bids were sub – Rs. 7/kWh mark, and only 3 bids were […]

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Karnataka Solar – KERC orders exemption of Wheeling, Banking and Cross-subsidy charges for 10 Years

In a major boost for Solar Power Generators, the Karnataka Electricity Regulatory Commission(KERC) has released an order on exemption of Wheeling Charges, Banking Charges and cross subsidy surcharge for a period of ten years from the date of commissioning a plant. This is applicable for all solar power generators in the State achieving commercial operation date (CoD)

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Karnataka Solar – Financial Bid results for 50 MW announced, Azure lowest bidder @Rs.6.66/kWh

Azure Power has emerged as the lowest bidder in the tender for allocation of 50 MW in Karnataka which was initiated in April 2014(More here). Other winners include KK Rao Engineering Works(3 MW), Bhadresh Trading Corporation(10 MW), Dosti Realty(10 MW), Interocean Shipping India(3 MW), Sharda Construction and Corporation(4 MW) and Emami Power(10 MW). The unsuccessful

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Karnataka releases RFP for allocation of 50 MW Solar projects

Karnataka Renewable Energy Development Limited(KREDL) has released the Request for Proposal for the Phase 3 of the state’s solar policy. It is understood that this RFP was necessitated after some of the lowest winning bidders from the previous tendering process had declined to sign the Power Purchase Agreements(PPA) citing unviability of their projects at the

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Launching “Solar Updates in States”Map

Dear Patrons and Readers of RESolve blogs, It is my pleasure to share with you the “Solar Updates in States” Map. Solar in India is no longer restricted to the central programme of Jawaharlal Nehru National Solar Mission(JNNSM), administered by the Ministry of New and Renewable Energy(MNRE). More and more states have come up with

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Great insights from the Report on the Rating of State Electricity Distribution Utility Companies

    The Ministry of Power(MoP) has released its First Annual Integrated Rating of the State Electricity Distribution Utilities. The ratings were carried out by the rating agencies- ICRA Limited and CARE. In total, 39 state utilities from 20 states were rated and the utilities from Gujarat came on top with excellent ratings whereas the

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Karnataka Solar – RfP for 130 MW released ; No L1 process

Karnataka is the latest state to release an RfP for allocation of projects totaling 130 MW. Karnataka follows Tamil Nadu, Andhra Pradesh, Rajasthan, Bihar and Odhisha in releasing an RfP. Unlike most of the recent tenders, Karnataka has not opted for L1 process for project allocation. Instead, it will be similar to the reverse bidding

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