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 Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..