MNRE modifies power procurement guidelines from hybrid projects

23 Mar 2022 CW Team

The Ministry of New and Renewable Energy (MNRE) has revised the guidelines for a tariff-based competitive bidding procedure for power procurement from grid-connected solar-wind hybrid projects.

The guideline has been revised to include intermediary procurer as an alternative term for the procurer.The last version read the term procurer as distribution licensee or their authorised representative.

According to the new guidelines, during the bidding procedure, in cases where the distribution licensee approves a separate agency to conduct the tendering or bidding procedure on its behalf, then the authorised agency would be accountable for fulfilling all the obligations imposed on the procurer.

The scheduled commissioning date (SCD) for the hybrid projects has been shifted to 24 months from the execution date of the power purchase agreement (PPA) or Power Sale Agreement (PSA), whichever is later.

The extension of the project is seen as a relief by some industry players for hybrid project developers who are having trouble finding wind turbines and are seeing costs rise. Others point to the rise in interest during construction (IDC) as a result of the projects' six-month delay in commissioning.

The increase in IDC might have an impact on project expenses, which, if not covered by the developers, could be added to the output tariff.To put up hybrid projects, unlike pure solar or wind projects, developers must find a place with maximum irradiation and wind currents in the same region. The project's timetable extension might give developers more time to choose the best site for hybrid projects.

Image Source

Also read: India adds a record 1.7 GW of rooftop solar in CY 2021

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..