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Power Purchase Agreement

Azure Power Wins Largest Solar Power Project (75 MWs) in Northeast India

Azure Power wins 75 MWs, highest allocation out of a 100 MW tender, in Assam Azure Power (NYSE: AZRE), one of India’s leading independent solar power producers, announced that it has won the largest (75 MWs) solar power project in the North Eastern region of India. Azure Power will sign a 25 year Power Purchase Agreement […]

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Bescom Eyes Solar Power to Meet Bengaluru’s Surging Demand

The city consumes more than 50 percent of the power generated in Karnataka and the demand is growing by the day. To meet the demand, which is surging sharply, the Bangalore Electricity Supply Company (Bescom) has turned to tap solar energy in a big way. After the world’s largest solar plant in Pavagada was commissioned […]

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SECI Issues 5 GW Tender for Solar PV Power Plants Linked with PPAs

All the development of manufacturing units and the linked solar PV projects will be on the bases of build own operate (BOO) basis. Furthermore, SECI will enter into Power Purchase Agreement (PPA) with the successful Bidders selected based on this request for selection (RfS) for purchase of Solar Power for a period of 25 years […]

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Azure Power Reaches New Milestone; Crosses 2 GW Solar Portfolio

As per the tender terms, the company will sign a 25 year Power Purchase Agreement (PPA) with Mahagenco at a tariff of Rs 3.07 (~US 4.7 cents) per kWh. Yet adding another feather in the cap, Indian solar power producer, Azure Power, has enhanced its portfolio by crossing the 2 GW milestone by winning four […]

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Azure Power Wins 130 MW Solar Power Project in Maharashtra

At the tariff rate of Rs 2.27 per KW Azure Power will sign a Power Purchase Agreement (PPA) with MSEDCL for 25 years. The project is expected to be commissioned in 2019 and will be developed by Azure Power outside a solar park. In a recent auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL), […]

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MSEDCL to Buy Cheapest Solar Power in the Country

MSEDCL issued tenders to buy 1,020 solar power from private producers. The two companies that agreed to supply power are JLTM Energy and Mahoba Solar. Both agreed to supply 20 MW and 200 MW at the rate of Rs 2.71 per unit. Maharashtra State Electricity Distribution Company Limited (MSEDCL) has entered into an agreement with two […]

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NEOEN and GFG Alliance Ink Landmark Clean Energy Agreement

The Memorandum of Understanding (MoU) was signed in order to operate develop and work together in the sector. The main purpose of the agreement is to supply low cost power to the citizenry. In order to reduce the cost of energy in Australia a landmark clean energy agreement was signed between France’s NEOEN and Australia’s […]

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SkyPower to Build Uzbekistan’s First Solar Power Installation; To Pump Largest FDI

“This historic partnership with UzbekEnergo and the government of Uzbekistan will bolster growth in the region and help establish Canadian expertise in this fast-growing sector,” said François-Philippe. Canada-based solar energy producer, SkyPower has signed a pact with Uzbekistan government to invest about $1.3 billion Foreign Direct Investment (FDI) in the country to build 1,000 MW of solar energy generation capacity throughout […]

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Govt Kicks off Pilot Scheme to Procure 2500 MW Power for 3-Yrs

The Ministry of Power said in a statement that, it had recently issued the model bid documents, model PAPP and PPSA on 6th April 2018. The government has launched a pilot scheme for the procurement of aggregate 2500 MW power on a competitive basis for three years under medium term i.e. from generators with commissioned projects […]

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