Blogs
Positive surprise on DISCOM dues
27 February 2023 | BRIDGE TO INDIA
In an unexpected positive development for the renewable sector, DISCOM dues have been coming down steadily over the last seven months. PRAAPTI portal, maintained by the Ministry of Power, reports DISCOM overdues (amounts outstanding past their due date) coming down from INR 1,367 billion in July 2022 to INR 288 billion at present, a fall of 79%. The fall is seen...
Government blinks on ALMM
20 February 2023 | BRIDGE TO INDIA
The Power Minister has announced that the government is planning to waive ALMM requirement for two years because of lack of sufficient domestic manufacturing capacity. A final notification is expected shortly. It is not clear as yet if the requirement will be waived for all projects or only projects tendered by government...
Non-solar power dominates exchange trading
13 February 2023 | BRIDGE TO INDIA
Renewable power trading on the exchanges grew strongly in 2022 with total volume up 60% YOY to 7,397 GWh. One clear trend in the market was increasing preference for non-solar power, which accounted for 72% of total volume and bulk of total growth. Non-solar power also enjoyed a 28% price premium over solar power – average price of INR 6.35/ kWh vs INR 4.98/ kWh respectively – on the Green...
Wind OEMs passing risks to project developers
06 February 2023 | BRIDGE TO INDIA
Slowing growth and mounting execution risks have had a disastrous impact on financial health of wind turbine manufacturers. FY 2022 operational income for Inox Wind and Suzlon, two of India’s biggest OEMs, was down by 86% and 31% respectively in comparison to FY 2016 numbers. Both companies have been consistently reporting losses since FY 2018. Alongside other smaller OEMs, they have had to...
BRIDGE TO INDIA – India RE Policies Update – December 2022
03 February 2023 | BRIDGE TO INDIA
This video presents a summary of major policy and regulatory developments in December 2022.
BRIDGE TO INDIA – India RE Tenders Update – December 2022
03 February 2023 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance and auctions in December 2022.
Peak power tenders gaining traction
30 January 2023 | BRIDGE TO INDIA
MSEDCL recently concluded auction for its 250 MW peak power tender issued in August 2022. Tariff for daytime power (10 AM-6 PM) was fixed at INR 2.42/ kWh and bidders were required to quote a tariff for supply during remaining hours (6 PM-10 AM). There were four bidders – Ayana (150 MW) and NTPC (250 MW) quoted the lowest tariff...
New deviation penalty regime bites the sector
23 January 2023 | BRIDGE TO INDIA
CERC, the central power sector regulator, has issued an order capping base penalty rate under Deviation Settlement Mechanism (DSM) at INR 12/ kWh for both power producers and consumers. Earlier, the base rate was set at maximum of weighted average price discovered on power exchanges and weighted average ancillary service charge. The change came in response to reports of around 20% increase in...
Green hydrogen ambition needs more tangible support
18 January 2023 | BRIDGE TO INDIA
MNRE has finally released the much-anticipated National Green Hydrogen Mission document. As expected, the target is to build 5 MMTPA green hydrogen production capacity fuelled by 125 GW renewable power capacity by FY 2030 for domestic consumption. The document sets out an additional aspiration of becoming a global hydrogen hub with...
2023, the turnaround year?
09 January 2023 | BRIDGE TO INDIA
Best wishes for a very happy new year to all our subscribers! 2022 was the year when renewable power sector proved its resilience in the face of extreme cost pressures, BCD, ALMM, shortage of modules and transmission system hold ups. Our estimates suggest a record capacity addition of 16.4 GW, up 31%, split 88:12 between solar and wind respectively. The new year has started on a good note...
India Renewable Sector Update – November 2022
01 January 2023 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in November...
India Renewable Sector Update – November 2022
31 December 2022 | BRIDGE TO INDIA
This video presents a summary of major sector developments including tender issuance, auctions, policy and regulatory developments, financial deals and related market trends in November...
