Daily News Wrap-Up: Karnataka Lowers Retail Electricity Tariff for C&I Consumers

SECI invites bids for 300 MW solar project in Andhra Pradesh

March 7, 2024


The Karnataka Electricity Regulatory Commission has reduced the retail electricity tariff for commercial and industrial consumers of high tension categories in the financial year 2024-25 in a bid to retain customers resorting to private power purchases. The retail tariff for industrial consumers was lowered by 6.8% to ₹6.90 (~$0.083)/kWh, while the tariff for industrial consumers was reduced by 13.5% to ₹8 (~$0.096))/kWh. The revised tariff will be applicable from April 1, 2024.

Bharat Heavy Electricals (BHEL) has invited bids for the supply and commissioning of grid-connected power conditioning units for a 300 MW capacity floating solar power project at Rengali, Odisha. The last date for the submission of bids is March 16, 2024. Bids will be opened on the same day. With a portfolio featuring over 1,200 MW in commissioned projects, BHEL proposes to enter the floating and ground-mounted solar power plant business within the CPSU/government Utility segment.

The Solar Energy Corporation of India Limited, a public sector enterprise under the Ministry of New and Renewable Energy, has invited bids to set up a 300 MW ground-mounted solar photovoltaic power project at Ramagiri in Andhra Pradesh. The project is part of the Central Public Sector Undertaking Scheme Phase II, which aims to build 12,000 MW of grid-connected solar projects across the country. Bids for the project must be submitted by March 27, 2024.

Webel Technology Limited, an entity under the Government of West Bengal, has invited bids for grid-connected 20 kW rooftop solar photovoltaic systems with a cumulative capacity of 1.5 MW at 75 district court complexes across the state. Bids must be submitted by March 27, 2024. Bids will be opened on March 29. The scope of work includes design, engineering, procurement, testing, installation, commissioning, and comprehensive maintenance of the solar plants for five years.

California-based electric vehicle (EV) charging firm ChargePoint reported a fourth-quarter (Q4) 2024 revenue that was 24% lower than last year as slowing EV adoption impacted commercial sales. Quarterly revenue fell to $115.8 million from $152.8 million. The decline was driven by a 39% year-over-year drop in networked charging systems revenue to $74 million and lower hardware sales to commercial customers in Europe. High interest rates and macroeconomic uncertainty also impacted revenue.

Maharshi Dayanand University, Rohtak, Haryana, has floated a tender for the design, supply, installation, testing, and commissioning of 1.5 MW of grid-connected rooftop solar power systems on various university buildings. The project will be implemented under the renewable energy service company model. The scope of work includes operations and maintenance of the project. The last date for the submission of bids is March 26, 2024. Bids will be opened the next day.