News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Tuesday, September 12, 2017 10:06:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 1640 Times
New norms for solar power projects bidding good for sector: ICRA.
Ratings agency ICRA said that new bidding guidelines for solar power projects are positive for the sector and address key concerns such as grid curtailment and termination payments.

The recent notification of bidding guidelines by the government for the award of solar power projects is a positive development for the sector, ICRA said in a statement.

The guidelines address some of the key concerns pertaining to off-taker credit profile, grid curtailment and termination payments, says an ICRA note.

The guidelines require the procurers to provide a payment security through letter of credit equivalent to one-month average billing and a payment security fund to support payment for at least three months of receivables for the projects tied up.

In addition, the procurer may also choose to provide state government guarantee in a legally enforceable form, both for payment of energy charges and termination compensation.

"Barring the Rewa Solar Park bid, where there is a guarantee by the Madhya Pradesh state government to cover for payment delays, the payment security approved in the bidding guidelines has not been seen in power purchase agreements (PPAs) signed directly by the state distribution utilities (discoms) under state policy framework.

"This measure, if implemented in PPAs signed directly by state discoms, is favourable for the solar power developers and improves the bankability of the PPA document," said Sabyasachi Majumdar, Senior Vice President & Group Head, ICRA Ratings in the statement.

The guidelines also provide for compensation to solar power generators in case of off-take constraints arising from the delay in commissioning of transmission infrastructure, grid unavailability and grid back-down, which is favourable for solar power generators.

ET

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Chattisgarh power project still on: D.K. Shivakumar.
Global focus on Kurnool solar park.
Over 1,000 MU hydel energy produced in September-October.
'Kudankulam reactors generate 20,000 mn. units of power'.
500-MW solar power plant to come up at Aruppukottai.
SCCL power plant PLF eighth best.
Power sector's first InvIT IndiGrid acquires 3 more projects at Rs. 1,490 cr.
GE completed first phase of Champa-Kurukshetra power super highway.
Solar power capacity goes up to 2,275 MW.
Vikram Solar commissions 80-MW plant in Gujarat.
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback