Projects under solar mission have been handed out to companies previously unknown in solar industry
Neha Sethi | January 14, 2011
While the country is celebrating solar power as the next big thing and the solar mission has been launched amid much fanfare, some experts say that the first phase of the solar mission doesn’t seem to be in good shape.
The list of projects that have been selected by NTPC Vidyut Vyapar Nigam Limited (NVVNL) under the first phase of the solar mission have been a matter of debate in the solar industry.
Experts in the industry say that the solar photo voltaic (PV) projects have been handed out to unknown companies, whose names haven’t been heard in the solar industry. The bidding for the projects, expected to generate five MW of electricity each, has been on the basis of lower tariff rates.
The top 30 companies which were able to provide the highest discounts on the tariff rate offered by the government have been selected.
Some experts also say that special purpose vehicles (SPVs) have been established by some known companies just to get a bigger share in the projects allotted. An SPV is created by an existing company for a particular project or transaction. An official from the ministry of new and renewable energy who didn’t wish to be named also said that SPVs have been created by some better known companies.
According to the NVVN rules, no company or its subsidiary was allowed to bid for more than one project of five MW.
An industry expert said that the first six companies to whom the projects have been allotted are completely new players in the industry. He added that a bad start to the solar mission and companies not being able to provide solar power at the highly discounted rates being promised can mean trouble for the solar mission.
Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and Pensions, Dr Jitendra Singh on Tuesday interacted with and felicitated the first 20 All India Toppers of IAS/ Civil Services Exam 20
In a major decision, the Government has decided to grant waiver of ISTS charges to Off-Shore Wind Projects and extend the waiver to Green Hydrogen/Green Ammonia. This decision has been taken to facilitate wider execution of offshore wind energy initiatives, to promote the expansion of Green Hydrogen / Gree
Urging use of alternative and cost effective fuels to reduce pollution caused by vehicles, union road transport and highways minister Nitin Gadkari on Thursday said finding cost-effective fuels is the need of the hour and underlined that use of fuels like bio-CNG and green hydrogen help in protecting the e
The foodgrain production of 3305.34 lakh tonnes is estimated in the current agricultural year 2022-23 – higher by 149.18 LMT as compared to the previous year, according to the Third Advance Estimates of production of major crops released by the ministry of agriculture and farmers welfare.
The AI Supercomputer ‘AIRAWAT’, installed at C-DAC, Pune, has been ranked 75th in the world. It was declared so in the 61st edition of Top 500 Global Supercomputing List on Tuesday at the International Supercomputing Conference (ISC 2023) in Germany. It puts India on top of AI S
The ongoing third Environment and Climate Sustainability Working Group G20 meeting (May 21-23) has focused on three aspects: land degradation and reclamation of mining areas, Blue Economy and sustainable ocean management and resource sufficiency and circular economy. Leena Nandan, secretary,