SUBSCRIBE NEWS LETTER

viability gap funding

Central Government should renew its focus on the DBFOT framework: Simarpreet Singh, Head – Strategy, Hartek Power

Hartek Power Pvt Ltd is one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies with expertise in executing high-voltage substation turnkey, rooftop solar projects and manufacturing a complete range of power distribution equipment/solutions to the needs of the industry and utilities. The company has four strategic business units—Power Systems, Rooftop Solar, Power Distribution […]

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Centre using VGF tool to woo states like West Bengal for its solar mission

Centre is trying to woo states like West Bengal offering viability gap funding to put national solar mission on fast track. Ministry of New Renewable Energy (MNRE) joint Secretary Tarun Kapoor speaking to PTI said “We will offer viability gap funding to the state governments. We will give subsidy to bring down the tariff to […]

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Adani Group bags bid to set up a 100 MW solar unit in Chhattisgarh

Parampujya Solar Energy, an arm of Adani Green Energy has bagged a bid to set up a 100 MW solar power unit in Chhattisgarh. Parampujya Solar Energy sought the lowest viability gap funding (VGF) of Rs 59 lakh per MW among other bidders in the auction lead by SECI reports the ET. SECI’s reverse auction […]

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SolaireDirect bags 75MW solar power project in Uttar Pradesh

French multinational electric utility company ENGIE through its subsidiary Solairedirect has won a 75 MW solar power project in Uttar Pradesh. The firm has quoted viability gap funding (VGF) of Rs.7.435 million/MW. Last week Solar Energy Corporation of India (SECI) awarded a 50MW project to Indian conglomerate RattanIndia Power in Allahabad, Uttar Pradesh with VGF […]

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Govt likely to announce incentives to boost manufacturing of solar panels

Government may announce inducements in the upcoming Budget to boost manufacturing of solar panels and achieve its objective of establishing 100 gigawatts of solar capacity by 2022. So far, solar t Finance minister Arun Jaitley may announce incentives, such as Viability Gap Funding (VGF) to help sprout manufacturing plants in the country and vow long-term […]

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Solar Power Tariffs to witness Legitimate Fall – Study

Despite aggressive bidding, debt viability of projects with low execution and counterparty risks — especially those under the Jawaharlal Nehru National Solar Mission scheme and Solar Park scheme, is likely to remain intact,” said a recent report of India Ratings and Research, or Ind-Ra. Solar power tariffs—which hit a low of Rs 4.34 per unit […]

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