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In Depth

SOFARSOLAR Battery Inverters Keep Your Electricity Supply Stable Even During Grid Failure

20 June 2019

Whether during the day or at night, when you are enjoying a convenient life brought by all kinds of appliances, there is a sudden power outage, when the high monthly electricity bill is placed in front of you, how do you feel?

Solar Energy, Storage, Electricity Distribution & Projections

19 June 2019
Solar Energy, Storage, Electricity Distribution & Projections

Past: It has been an incredible journey for Solar PV industry during the last decade.

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

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Coal India, Neyveli sign MoU for stepping up solar power generation

Coal India Limited and NLC India Limited, formerly Neyveli Lignite Corporation Limited, on Monday signed a Memorandum of Understanding for formation of a joint venture company for solar power generation of 3,000 MW and thermal power projects of 2,000 MW capacity.

CIL is tasked to become a net zero energy company by Ministry of Coal, a move which entails the company to generate 3,000 MW of solar power.

The MoU, also extends for 2,000MW of thermal power generation across CIL's subsidiaries. Solar power projects will be set up in the identified barren and reclaimed free land of the coal miner and also across the country where land is available, requiring around 15,000 acres.

The estimated cost for CIL's solar power generation is pegged at Rs 12,000 crore, a Coal India official said.

The JV company to come up on equal equity participation of 50:50 has a time line of 15 months for completion of solar power projects and 60-month period for TPPs.

The projects will be financed through debt equity ratio of 70:30 as per the CERC norms. A concept paper has been initiated by both the companies to get clearance from their respective boards.

"This is a synergistic step, combining the resources of both the companies for a common goal. CIL will be riding the core technical expertise of NLCIL in thermal power generation and solar PV power," said a coal India official.

The miner's Director (Technical) Binay Dayal signed the MoU on behalf of CIL while N.N. Maheswar Rao, Director, Technical (Projects & Planning) inked the pact on behalf of NLCIL in the presence of miner's Chairman Anil Kumar Jha, and Rakesh Kumar Chairman, NLCIL.

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