India signed contracts to purchase
solar power from companies building 700 megawatts of capacity
awarded in a national solar mission auction.
The government is waiting to sign purchase agreements for
the remaining 50 megawatts from the auction in February, Tarun
Kapoor, joint secretary at the Ministry of New and Renewable
Energy, said today in an interview in New Delhi. The agreements,
which lock in rates for the power generated for 25 years, bind
developers to complete the plants within 13 months.
Two developers dropped out after winning bids, including
St. Peters, Missouri-based SunEdison Inc. (SUNE), which said last week
it gave up a 20-megawatt project because local equipment
shortages and prices make it unviable. The other developer that
Kapoor didn’t identify forfeited its project after failing to
get permission from its parent to proceed, he said.
Kapoor ruled out extending the 13-month commissioning
deadline after an industry lobby requested more time this month
amid a dispute between developers and local equipment suppliers.
Via Bloomberg
No comments:
Post a Comment