India September 8, 2020 Anand Gupta 0 Andhra Is Floating India’s Largest Solar Tender Even As 5.2 GW Projects Are Hanging Fire 0 0 0 00 0 0 more now viewing Andhra Is Floating India’s Largest Solar Tender Even As 5.2 GW Projects Are Hanging Fire September 8, 2020 Anand Gupta now playing Ministry of Railways Issue Tender for Supply of Roof Top ON grid solar plant at IGP, CETI hostel THK, G+5 building PNVL and Thane running room in Mumbai Division - EQ September 8, 2020 Anand Gupta now playing Shree Cement joins RE100 Commits to transition 100% to Renewable Electricity by 2050 - EQ September 8, 2020 Anand Gupta now playing Heterojunction Steps into the Spotlight in the Middle East, Huasun HJT Exclusive Gala Successfully Held in Abu Dhabi - EQ September 8, 2020 Anand Gupta now playing Freyr Energy Undertakes 200 Solar Energy Projects In MSMEs Totaling 4.5 MW - EQ September 8, 2020 Anand Gupta now playing Naveen Jindal group plans Rs 15,000-crore green energy push - EQ September 8, 2020 Anand Gupta now playing TPWODL appoints Parveen Kumar Verma as new CEO to drive growth in Odisha's power sector - EQ September 8, 2020 Anand Gupta now playing SJVN achieves milestone with India's first multi-purpose green hydrogen pilot project - EQ September 8, 2020 Anand Gupta now playing Hitachi Energy eyes expansion in India amid rising power demand - EQ September 8, 2020 Anand Gupta now playing Clean Power: At 7 GW, India installs highest renewable energy sources in March - EQ September 8, 2020 Anand Gupta now playing REC Limited to extend term loan of ₹ 1, 869 crores for Kiru Hydro Electric Project in Kishtwar, J&K - EQ September 8, 2020 Anand Gupta In a surprise move, the Y.S. Jagan Mohan Reddy-led Andhra Pradesh government is expediting efforts to float India’s largest solar tender for setting up 10 gigawatt (GW) capacity. Interestingly, the mega tender accounting for 14% of India’s green energy capacity to supply electricity to the farmers is in the works, even as 5.2 GW of solar and wind energy projects are hanging fire, due to the state government’s decision to reopen renewable energy contracts inked under the previous N Chandrababu Naidu government. Under flak from the Union government and global investors the government has mandated state-owned Andhra Pradesh Green Energy Corporation Ltd (APGECL) to call for this mega solar bid that will entail a ₹35,000 crore investment. This proposed mega contract also comes at a time, when India’ solar power tariffs have touched a record low of ₹2.36 per unit at an auction conducted by state-run Solar Energy Corporation of India Ltd. Falling clean power tariffs are putting an already awarded 16.8 GW solar and wind energy capacity in limbo, as fund starved state electricity distribution companies (discoms) are unwilling to sign contracts for these previously awarded projects at a comparatively higher tariff. The RFP (request for proposal) for 10,000 MW will be floated shortly. State energy secretary N. Srikanth confirmed the mega tender development and said that APGECL is the nodal agency for the same. Andhra Pradesh has around 7.7 GW of solar and wind projects and is home to India’s second-largest installed capacity of clean energy, accounting for around 10% of the country’s green energy capacity, with investments of ₹60,000 crore. The state has 4,092 MW of installed wind power projects awarded through feed-in tariffs. Also, the resource-rich state has 3,230 MW of solar power projects awarded through competitive bidding. Source: cleanfuture.co.in Related posts: Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works Centre signal to Jagan: Special status closed chapter Andhra Pradesh’s dues to state discoms pile up, hit Rs 2,100 crore Hit by shortage, Andhra Pradesh to buy coal from private firms tags: ANDHRA PRADESH 0 00 0 0 previous Integrated energy policy need of the hour: Coal Secretary next Solar energy players can be enablers of healthcare: Apollo Hospital Joint MD Anand Gupta Editor - EQ Int'l Media Network Related Posts TPWODL appoints Parveen Kumar Verma as new CEO to drive growth in Odisha’s power sector – EQ April 25, 2024 Anand Gupta 0 SJVN achieves milestone with India’s first multi-purpose green hydrogen pilot project – EQ April 25, 2024 Anand Gupta 0 Hitachi Energy eyes expansion in India amid rising power demand – EQ April 25, 2024 Anand Gupta 0