Solar Love
  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls

Solar Love

  • Rooftop Solar
    • Energy Storage
  • Solar Panels
  • Policy
  • Research
    • Science
    • Market Research
    • Solar Perceptions & Polls
Solar Projects

India’s Reliance Power Plans To Sell Coal Mines, Shift To Solar Power

by Saurabh Mahapatra October 15, 2015
written by Saurabh Mahapatra October 15, 2015
India’s Reliance Power Plans To Sell Coal Mines, Shift To Solar Power

Probably tired of the unending petitions with the regulatory bodies to increase tariffs for coal-based power plants, one of India’s largest private power generation companies, has decided to make a major transition to solar power.

Reliance Power owns 3 coal mines in Indonesia through a subsidiary. The mines were supposed to be supply coal for an ultra mega power plant that the company had successfully bid. Work on the 3,960 MW power plant at Krishnapatnam has now stopped as the company expressed its inability to supply power at the low price it had bid during the auction.

The company has stated that coal prices have risen significantly due to policies enacted by the Indonesian government. Power utilities across the country are against revision of the power purchase agreement at a higher cost. Thus, the project lies in shambles, and the company is now planning to sell the mines.

Reliance Power also exited from the Tilaiya UMPP after waiting 5 years for the required approvals.

Meanwhile, the Indian government announced a huge target of 100 GW installed solar power capacity by 2022. Reliance Power is now looking to make a switch to solar power. It signed an agreement with the state government of Rajasthan to set up 6 GW solar power capacity. The company already operates a large solar photovoltaic (PV) power plant and one of the handful concentrated solar thermal power projects in India.

The company will also participate in the scores of competitive auctions lined up under the central and state government policies.

The company seems to have realized that the cost of coal-based power is going to increase and may also remain uncertain as it is heavily dependent on international events and market situation. And it is not easy to convince the power regulators to revise the power price, especially when the utilities are reeling under debts of billions of dollars.

Reliance Power now operates one UMPP at Sasan. However, the company recently asked a government-entity to take over the project after allocation of a coal mine associated with the project was cancelled by the Supreme Court of India as a fallout of the coal mine allocation scam under the previous government.

IndiaIndia Solar PowerIndonesia CoalReliance PowerReliance Power Krishnapatnam UMPPReliance Power Sasan UMPPReliance Power Tilaiya UMPP
0 comment
0
FacebookTwitterPinterest
Saurabh Mahapatra

A young solar enthusiast from India keeping an eye on all regulatory, policy and market updates from one of the fastest emerging solar power markets in the world.

previous post
Indian Coal Mining Company Sets 4 GW Solar Power Target
next post
City Of Bakersfield Urges Congress To Extend Solar Tax Credit

You may also like

Mitsui To Partner With Indian Company For Distributed...

June 10, 2019

India’s NTPC Offers Solar Project Management Services To...

June 9, 2019

Equinor & Scatec Solar Complete 162 Megawatt Brazilian...

November 29, 2018

Gamesa Awarded 400 Megawatt Solar Project In Egypt

November 29, 2018

EDF Renewables Commissions 110 Megawatts Of Solar In...

October 30, 2018

Capital Dynamics Acquires 121 Megawatt Springbok 3 Solar...

September 27, 2018

EnSync Energy Sells CAL FIRE Solar PPA Project...

August 20, 2018

India Shows More & More Appetite For Solar...

June 4, 2018

Invenergy Signs PPA With Georgia Power For 160...

May 14, 2018

Solar+Storage Project Awarded In India’s Andaman Islands

April 23, 2018

Follow Me

Facebook

Recent Posts

  • Meet PVCase: A 3D Solar Design Software That Every PV Designer Should Consider

    June 12, 2019
  • Mitsui To Partner With Indian Company For Distributed Solar Projects

    June 10, 2019
  • India’s NTPC Offers Solar Project Management Services To ISA Members

    June 9, 2019
  • Equinor & Scatec Solar Complete 162 Megawatt Brazilian Solar Plant

    November 29, 2018
  • Gamesa Awarded 400 Megawatt Solar Project In Egypt

    November 29, 2018
  • Facebook

@2019 - All Right Reserved solarlove.org


Back To Top