India added 8,800MW of coal based power last year: IEEFA
India added 8,800MW on coal based power generation capacity last year that was funded by state owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), according to the Institute for Energy Economics and Financial Analysis (IEEFA).
The total amount of finance was around Rs. 40,223 crores. PFC-REC’s exposure to coal fired projects is 54% of their total loan book.
India’s solar tariff stabilises, is now lower than thermal tariff
The solar tariffs in the country have been hovering around Rs. 2.50 to Rs. 2.87 per kWh and have stabilised at rates 20% to 30% lower than existing thermal tariffs, and up to 50% lower than new thermal power. This, according to a new study by the Institute of Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics.
The study also found that Solar Energy Corporation of India (SECI) and NTPC played a key role in building investor confidence with contractual certainty in place with counter party and payment risk assurance from these central government agencies.