• The Dedicated Freight Corridor Corporation of India (DFCCIL) will soon launch the world’s second-largest Operation Control Centre at Prayagraj, Uttar Pradesh. The state-of-the-art Operation Control Centre will act as the command centre for the entire route length of 1,856 km of the Eastern Dedicated Freight Corridor (EDFC).
  • The latest reverse auction for 1,200 MW of solar capacity, conducted by the Solar Energy Corporation of India (SECI), will see the tariff drop to Rs 2.5 per unit. Though this is higher than the all-time low rate of Rs 2.44/unit, it is much lower than Rs 2.71/unit in the last auction during October, 2019.
  • According to sources, SoftBank Group’s SB Energy, Canadian energy firm AMP Energy’s India unit and New York-based Eden Renewables’ Indian arm have been awarded 600 MW, 100 MW and 250 MW, respectively, all at Rs 2.50/unit. ReNew Power, the country’s largest renewable energy generator, was awarded 200 MW at Rs 2.51/unit.
  • Emerging solar markets such as Saudi Arabia, Pakistan and Malaysia are set to join the gigawatt (GW) club in the next five years, according to research firm Wood Mackenzie.
  • It said emerging markets would offer opportunities beyond traditional grid-connected plants, off-grid solar PV-based installations for those currently without power supply will offer a different opportunity set. Managing the risks associated with doing business in emerging power markets will be a key challenge for investors to negotiate,” the research firm said in a statement.
  • In a major setback to Tangedco and the Tamil Nadu government, the Union ministry for renewable power (MNRE) has cancelled the proposal for a solar park at Kadaladi in Ramanathapuram district. The decision was made at a meeting convened by the MNRE secretary recently to assess the performance of solar parks. The reason for cancellation, sources said, was tardy progress in its implementation.
  • It was in 2017 that the government announced that a 500 MW solar photovoltaic park would come up at Kadaladi. Former CM J Jayalalithaa had in 2016 announced a 4,000MW thermal power plant at the same site.
  • Global emerging market fund Actis has acquired solar energy assets of 600 megawatt capacity from Acme Cleantech Solutions in a deal worth Rs 3,000 crore, said two people aware of the development. Actis outbid Canadian fund Brookfield to strike a deal with one of the largest solar power producers in India, they said.
  • The deal, signed on February 26, 2020, is subject to regulatory approvals, The equity value of the deal is pegged at Rs 900 crore, he added.

  • India and Myanmar on Thursday exchanged 10 agreements, four of which focus on the construction of water supply systems, distribution of electricity by solar power, as well as construction of roads and schools in Rakhine state, located on the western coast of the South Asian country.
  • The deals were signed in the presence of Prime Minister Narendra Modi and Myanmar President U Win Myint at the Hyderabad House on February 27, 2020.