Loading...

Blogs


Coronavirus damage impossible to assess

31 March 2020 | BRIDGE TO INDIA

Coronavirus damage impossible to assess India has been in a near complete lockdown since 22 March 2020. The current three week lockdown is due to last until 14 April 2020. All commercial and social activity including all...

Read more...


Management of cooling load favourable to renewables

20 March 2020 | Mridul Chadha

Power demand for cooling applications accounts for about 17% (210 TWh in 2017-18) of India’s total electricity requirement. As per a projection by the Ministry of Environment, Forests and Climate Change (MOEF&CC), this demand could increase to 985 TWh by 2037-38 in the business-as-usual scenario. But the Ministry’s

Read more...


Waiving bank guarantees not desirable

20 March 2020 | BRIDGE TO INDIA

MNRE is understood to be in advanced stages of waiving requirements for bank guarantees by project bidders. As per a news report, MNRE is proposing that instead of bank guarantees, the developers may provide letters of...

Read more...


Safeguard duty redux

16 March 2020 | BRIDGE TO INDIA

The Directorate General of Trade Remedies, under the Ministry of Commerce & Industry, has opened a 

Read more...


Bridge To India

Coronavirus disruption highlights risk of external dependence

28 February 2020 | BRIDGE TO INDIA

The Ministry of Finance has clarified that projects affected by the Coronavirus breakout would be given relief by way of extensions in project completion timelines under Force Majeure provisions. The announcement is not a surprise as the resultant business disruption, clearly outside the control of the...

Read more...


India takes one more step in integration of RE

25 February 2020 | Mridul Chadha

Eight of the proposed 11 Renewable Energy Management Centres (REMCs) have commenced operations. REMCs were proposed to be set up by the Ministry of Power back in 2017 to aggregate renewable energy forecasts and dispatch schedules. They are expected to help optimise scheduling of conventional power plants and maintain grid balance. In late-2018, 11 REMC contracts were awarded by Power Grid...

Read more...


Weak power demand an under appreciated risk

24 February 2020 | BRIDGE TO INDIA

India added 2,770 MW of renewable capacity in Q4 2019. For the year 2019, total capacity addition is estimated at 11,403 MW comprising 7,140 MW utility scale solar, 1,896 MW rooftop solar and 2,367 MW wind. The total figure is up marginally over 10,683 MW capacity addition in 2018 but substantially lower than 14,031 MW in 2017.   Capacity addition numbers are stuck at levels far below...

Read more...


Bridge To India

No dearth of equity

06 February 2020 | BRIDGE TO INDIA

Singapore’s sovereign wealth fund, Temasek, and Swedish PE fund, EQT, have announced entry in the Indian renewable power sector with a corpus of USD 500 million. They have set up a new renewable IPP platform, O2 Power, as a 50:50 joint-venture. The venture...

Read more...


Government passing the buck to project developers

31 January 2020 | BRIDGE TO INDIA

Last week, we wrote about the proposed MNRE scheme to procure round-the-clock renewable power with blending with thermal power. As we noted, the need for firm, predictable power is all too clear. But it is odd that the government is asking the project developers to provide a solution for this. Not only is the scheme...

Read more...


Complex tender designs on the way

24 January 2020 | BRIDGE TO INDIA

MNRE has issued a draft scheme for procuring renewable power, blended with thermal power, on a round-the-clock basis with 80% overall availability. The scheme is technology agnostic. Minimum 51% of power outcome is required to come from renewable sources – with or without storage solutions. Thermal power may be supplied from existing power plants. Bidders are expected to quote a composite...

Read more...


To top