30 Jan '17, 11am

Biggest Indian Solar Project Stalls

Biggest Indian Solar Project Stalls

India’s biggest solar power project has stalled as the state which sought bids from generators says it can’t buy the energy at prices it had agreed upon. Winning developers in India’s Jharkhand state are still waiting to sign power purchase agreements almost a year after the tender. In March, Jharkhand awarded contracts to build 1.2 GW of solar. The state’s power retailer, Jharkhand Bijli Vitran Nigam Ltd., was supposed to sign the power purchase agreements in May 2016. “We have asked for financial assistance of a few hundred crore (a few billion) rupees from the state’s finance department and are awaiting their response," said R.K. Srivastava, chief secretary of the energy department in the state of Jharkhand. The delay underscores the threat from financially strapped state power retailers to Prime Minister Narendra Modi’s ambitious renewable energy goals. State-owned pow...

Full article: http://www.renewableenergyworld.com/articles/2017/01/bigg...

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