IndiaCatalog.com
India News
Search Web Directory
News Home
Andhra Pradesh solar park in Kadapa: Lowest bid at Rs 2.7 per unit
Posted on 9th July 2018
Three companies backed by global financiers have bagged the tenders to build 750 MW of solar power projects in Kadapa, Andhra Pradesh, with the lowest bid under the reverse auction process coming in at Rs 2.7 a unit.

Also watch Photo Gallery of Top 10 Solar Power Plants.

While these auctions were held on Friday, earlier last week, the reverse auction for 2,000 MW capacity haf discovered tariff of Rs 2.44 per unit, which matched the lowest ever rate that was found in May 2017 for Rajasthan’s Bhadla projects.

Before the latest two auctions, an impending threat of hefty 70% safeguard duties on solar cells and panels had pushed up the tariffs to as high as Rs 3.54 per unit, giving credence to the analysts’ fears that the lower rates would be unsustainable.

According to sources, SoftBank’s SB Energy and UK private equity firm’s Sprng Energy won tenders for 250 MW each for Kadapa projects by quoting the lowest tariff of Rs 2.70 a unit. Ayana Renewable Power, which is backed by the UK government’s CDC Group was awarded the remaining 250 MW capacity for Rs 2.71 a unit.

The auction was conducted by the Solar Energy Corporation of India, which would sign 25-year power purchase agreement with these firms and sell the electricity to various state-owned distribution companies.

Though the latest Kadapa tariff is higher than the all-time low solar rate of Rs 2.44 per unit, it is still lower than the Rs 2.72 per unit price discovered for equal capacity of generation plants in the same solar park in the auctions conducted by NTPC in May. The development indicates that the industry is gradually getting over the impending fears from proposed imposition of 70% safeguard duty on imported solar products, which can raise capital costs for solar plant developers.


Other Latest News
Yes Bank board meeting advanced to 13 December amid crisis
Posted on 21st November 2018
Mumbai: Yes Bank Ltd on Wednesday said its board will meet on 13 December to consider appointment of a new chairman, two independent directors to replace departing directors, and the CEO search panel’s recommendation to appoint a successor to the current MD and CEO Rana Kapoor. The bank also said that its promoters are seeking a mutual resolution to ensure better support and coordination for outstanding issues.

Sensex falls over 200 points on weak global cues
Posted on 21st November 2018
The BSE benchmark Sensex fell over 200 points in early trade on Wednesday following weak global cues amid fresh foreign fund outflows.

The 30-share was trading 215.44 points, or 0.61 per cent, lower at 35,259.07 points. The gauge had lost 300.37 points Tuesday.


L&T, Kotak, NBCC, two others submit EoI for JIL
Posted on 21st November 2018
State-owned NBCC, Cube Highways & Infrastructure, L&T Infrastructure, Kotak Investment Advisors and Suraksha Asset Reconstruction along with Lakshdeep Investments and Finance and Suraksha Realty have submitted their expression of interest for the bankrupt Jaypee Infratech (JIL). These firms have been provisionally shortlisted by the resolution professional and will subsequently be asked to submit their resolution plans.

Reserve Bank of India: Banks may get Rs 13,400 crore capital exemption
Posted on 21st November 2018
Indian banks may get a reprieve of about Rs 13,400 crore in capital exemption, as announced by the Reserve Bank of India board on Monday. The biggest beneficiary of this would be the government, because the RBI decision would lessen the burden on it to bridge a capital shortage at several state-run banks.

Reliance Jio launches international roaming services in India
Posted on 21st November 2018
Reliance Jio on Monday launched VoLTE-based inbound international roaming services between India and Japan, whereby international travellers visiting the country will be able to enjoy its high speed LTE network.

Japan-based KDDI Corporation is the first international mobile service provider to avail of Jio’s VoLTE calling and LTE data international roaming service.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Andhra Pradesh solar park in Kadapa: Lowest bid at Rs 2.7 per unit
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Andhra Pradesh solar park in Kadapa: Lowest bid at Rs 2.7 per unit

Most Read News

Sensex, Nifty end higher for 2nd session on strong fund inflow, firm rupee

GVK Power gets approval to raise Rs 8,000 crore for debt repayment

Markets post third straight weekly gain; YES Bank stock declines 7%

Coal India share sale to employees receives a lukewarm response

NPA burden on power sector

More India News

Photo Gallery

Ranveer Singh(10 Images) Ranveer Singh
Tesla Model 3(12 Images)Tesla Model 3
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement