HPCL Invites Bids for 4.03 MW Solar Power Plants; Steel Industry Seeks Funding and Subsidies for Green Transition and More...

Hindustan Petroleum Corporation Limited (HPCL) has announced a tender inviting bids for the supply of 4.03 MW solar power plants at various HPCL locations. The bid, with a deadline of July 26, 2024, at 15:00 IST for submission, will be followed by bid opening at 15:30 IST on the same day. The validity of the bid offers extends for 120 days from the bid end date.

At the Conclave on Green Steel organized by PHDCCI, key stakeholders from India’s steel industry pressed for governmental backing to accelerate the nation’s path towards low carbon steel production. Representatives advocated for Viability Gap Funding (VGF) and subsidies to facilitate green transition projects, aiming to achieve India’s net zero emissions target by 2070.

Viraj Profiles PVT and Avaada have achieved a significant milestone with the commissioning of their joint venture, a 130 MW DC Solar Power Plant located in Soyagaon, Maharashtra. The project, initiated in March 2023, aimed to transition 40% of Viraj Profiles’ energy consumption to solar power by mid-2024, reflecting their commitment to sustainability and renewable energy.

The Gujarat Electricity Regulatory Commission recently heard a petition from a power-generating company, a wholly-owned subsidiary of Aditya Birla Renewable Limited, which has set up a 120 MW solar PV power plant. The petition, filed under relevant sections of the Electricity Act, 2003, and specific articles of the Power Purchase Agreement (PPA) signed on January 30, 2021, addresses the imposition of a 40% Basic Customs Duty (BCD) on solar PV modules, effective from April 1, 2022, as well as an increase in Goods and Services Tax (GST) from 5% to 12% on various parts and equipment for solar plants, effective from October 1, 2021.

THDC India Limited has announced a call for bids through e-tendering from eligible bidders for the empanelment of technical consulting agencies. This initiative focuses on the preparation of feasibility reports for floating solar power projects at various locations across India over the next three years. The tender follows a two-part bid system: Part-1 for PQ and techno-commercial bids, and Part-2 for price bids.

In a recent development, the Telangana Electricity Regulatory Commission (TERC) deliberated on proposals put forth by the Telangana State Load Despatch Centre (TGSLDC) regarding remuneration and charges under Regulation No. 7 of 2022. This regulation mandates obligated entities to purchase renewable energy or Renewable Energy Certificates (RECs). The TGSLDC, tasked with collecting fees for its role akin to REC accreditation, proposed charges including a one-time fee of ?30,000 and an annual fee of ?10,000 per obligated entity, with taxes applicable as per norms.