In the letter, the ministry said the power ministry has recently issued instructions providing for a moratorium to distribution companies or discoms for making payments to electricity generating companies in the wake of COVID-19 outbreak and the following nationwide lockdown.
Some state discoms had invoked the ‘force majeure’ clause in their PPAs in recent days asking generating companies not to supply electricity nor expect any payment till further notice because the nationwide lockdown is preventing them from collecting payments from consumers.
Among the 300 projects that were approved, 35 are onshore wind projects with a total capacity of 750 megawatts, while the rest are solar.
While the power regulator has exempted the rooftop units from Grid Support Charges (GSC) till the cumulative installation of 2000 MW, the association has said the decision will give a breather to the rooftop solar industry.
Europe's largest wind turbine makers on Wednesday said they had shut down more factories in Spain, a major hub for the continent's renewables sector, in response to an almost total lockdown in the country to contain the coronavirus outbreak.
State power minister Srikant Sharma on Wednesday extended the payment period to April 30 for bills generated generated between March 1 and April 14. He also waived surcharge on late payments.
UP power minister Srikant Sharma said that the decision has been taken to offer the sop to industries which were hit by the lockdown in the wake of coronavirus pandemic.
Firstly, a joint venture will be incorporated by Adani Green Energy and, subsequently, the direct and indirect subsidiaries of Adani Green will be transferred to the joint venture. The second step involves direct or indirect acquisition of 50 per cent of the equity share capital of the joint venture by Total S.A
Power companies say distribution companies have misinterpreted a statement issued by the Union power ministry last week invoking its special powers to direct the central power regulator to provide three-month moratorium to make payments to generating companies and transmission licensees and not to levy penal rates of late payment surcharge.
The Tata group’s power utility has announced in September that it will exit its investment in Cennergi by selling its stake to the joint venture partner.
The move takes the number of idled wind power factories in Europe to 15, as the impact of the pandemic reaches the renewables sector.
The utility supplements its generating capacity, which is mainly derived from coal, by buying power from solar and wind farms under contracts signed as part of the government's renewable energy programme.
Solar and wind companies are pleading with Congress to extend deadlines for projects to qualify for sunsetting federal tax credits.
Wind turbine manufacturer Siemens Gamesa on Wednesday said it has bagged a contract to supply its next generation turbines for 312 MW project to AES in Brazil.
At present, only one or two thermal units of Tangedco run because power demand has dropped. The peak demand on Monday night was only 11,000MW.
The commission in its recent order stated that the total capacity of solar rooftop in the MSEDCL area is 460MW. This is way behind the target set by the state government.
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