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Auctioned capacity cancellation: Sending the wrong signals
Sep 17: The fact that 3.9GW of auctioned solar capacity was cancelled during the year is sending out the wrong signals to the market.
8SECI cancelled 2.4GW out of a total of 3GW Interstate Transmission System (ISTS) connected solar auction held in July 2018.
8Then again, Uttar Pradesh New and Renewable Energy Development Agency cancelled 1GW of grid-connected project in the same month.
8Gujarat Urja Vikas Nigam Ltd cancelled 500 MW of grid-connected solar capacity.
8Agencies stated high tariff and wide gap between winning bids for cancellation of auctions.
8But all of that is not sending the write message to potential investors.
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