7,591.99 MW renewable energy commissioned in 2019-20

07 Feb 2020 CW Staff

Notably, most of the grid connected renewable energy projects in the country are being implemented by private sector developers selected through a transparent competitive bidding process. Capital investment made by these developers is their privileged information. However, based on standard capital costs per MW, an investment of Rs 404.59 billion is estimated to have been made in the renewable energy sector in 2018-19. And, an investment of Rs 367.29 billion is estimated to have been made in 2019-20 up to December 2019.

Singh further elaborated on the steps being taken by the government to boost investment in the renewable energy sector which, as per the release, include: Permitting Foreign Direct Investment (FDI) up to 100 per cent under the automatic route, strengthening of power purchase agreements (PPAs), mandating requirement of Letter of Credit (LC) as payment security mechanism by distribution licensees for ensuring timely payments to renewable energy generators, setting up of ultra mega renewable energy parks (UMREPs) to provide land and transmission on plug and play basis to investors, waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned by December 31, 2022, notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in a cost-effective manner, declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022, laying of transmission lines under Green Energy Corridor Scheme for evacuation of power in renewable rich states, finalisation of manufacturing-linked tender for setting up domestic manufacturing capacity, launching of new schemes such as Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase-II, 12,000 MW CPSU Scheme Phase-II, among others.

Singh further enumerated that the government has undertaken several financial, policy and regulatory measures for incentivising deployment of renewable energy in the country.

Renewable energy capacity of 7,591.99 MW has been commissioned in 2019-20 (up to December 2019), while another 34,160 MW is under various stages of implementation, informed Minister of State (I/C) For New & Renewable Energy, Power and MoS for Skill Development and Entrepreneurship RK Singh, as per a PIB release. Further, renewable energy capacity addition in 2019-20 is expected to exceed the capacity addition of 8,532.22 MW achieved in 2018-19.Notably, most of the grid connected renewable energy projects in the country are being implemented by private sector developers selected through a transparent competitive bidding process. Capital investment made by these developers is their privileged information. However, based on standard capital costs per MW, an investment of Rs 404.59 billion is estimated to have been made in the renewable energy sector in 2018-19. And, an investment of Rs 367.29 billion is estimated to have been made in 2019-20 up to December 2019.Singh further elaborated on the steps being taken by the government to boost investment in the renewable energy sector which, as per the release, include: Permitting Foreign Direct Investment (FDI) up to 100 per cent under the automatic route, strengthening of power purchase agreements (PPAs), mandating requirement of Letter of Credit (LC) as payment security mechanism by distribution licensees for ensuring timely payments to renewable energy generators, setting up of ultra mega renewable energy parks (UMREPs) to provide land and transmission on plug and play basis to investors, waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned by December 31, 2022, notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in a cost-effective manner, declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022, laying of transmission lines under Green Energy Corridor Scheme for evacuation of power in renewable rich states, finalisation of manufacturing-linked tender for setting up domestic manufacturing capacity, launching of new schemes such as Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM), Solar Rooftop Phase-II, 12,000 MW CPSU Scheme Phase-II, among others.Singh further enumerated that the government has undertaken several financial, policy and regulatory measures for incentivising deployment of renewable energy in the country.

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..