Renewable energy projects in Solar Power sanctioned by NTPC (which itself runs 60 GW of Coal based generating capacity, 75% of India's total coal generating capacity) had to be penalised with invocation of bank guarantees of INR 20 mln each in 14 cases. 4 of which had EPC contracts and equity with Lanco.

The JN National Solar Mission plans 20 GW in Solar Capacity by 2013. the 12th plan also cut down Coal based genrating capacity targets with Coal India first signing distribution eagreements with existing projects incl the ADA group Reliance Power. A single bidder was maximum eligible for 105 MW including 5 MW PVC capacity and 100 solar thermal, 166 GW out of India's 186 GW generating capacity 60% of which is operative currently is fron non renewable sources.

Posted via email from The India Investment Post