Daily News Wrap-Up: MNRE Allocates ₹2 Billion for Green Hydrogen Testing

ENGIE signs ₹14.6 billion loan agreement with ADB for 400 MW solar project

July 5, 2024


The Ministry of New and Renewable Energy has issued guidelines to implement the program on funding testing facilities, infrastructure, and institutional support to develop standards and a regulatory framework under the National Green Hydrogen Mission. The program will be operational until 2026 with a total outlay of ₹2 billion (~$23.95 million). The program’s objectives are to identify the gaps in the existing testing facilities for components, technologies, and processes in the green hydrogen value chain. It aims to create new testing facilities/infrastructure to test, validate, and certify components, technologies, and processes used in the green hydrogen value chain.

ENGIE group has signed a loan agreement with the Asian Development Bank (ADB) for a 400 MW solar photovoltaic power project in Surendranagar District, Gujarat. ADB was the lead arranger for the loan of ₹14.6 billion (~$175.9 million), with ADB and Asian Infrastructure Investment Bank providing ₹7.3 billion (~$87.42 million) each. This is the second project that ADB has financed for ENGIE  in India, following the financing of the group’s main project in 2020. Enren Energy, a special-purpose vehicle of the ENGIE group, will implement the 400 MW project, and Gujarat Urja Vikas Nigam will be the sole off-taker.

The Ministry of New and Renewable Energy has amended the criteria for micro-siting onshore wind power to focus on optimized output rather than the minimum distance between turbines. The new guidelines allow developers to leverage advanced wind flow modeling and optimization tools to determine the most efficient placement of wind turbine generators within their allocated land. The guidelines also stipulate a minimum distance from public infrastructure and a 500-meter buffer zone between turbines and clusters of dwellings, which is defined as at least 15 inhabited buildings, to mitigate noise concerns.

State power distribution companies (DISCOMs) owed power generators ₹722.44 billion (~$8.64 billion) in total dues for the monthly billing cycle in June 2024, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The current outstanding dues, excluding the latest monthly dues, are ₹292.23 billion (~$3.49 billion). The overdue before the trigger date is ₹289.07 billion (~$3.45 billion), after which the amount will increase by ₹3.16 billion (~$37.82 million) as the late payment surcharge would apply. Uttar Pradesh DISCOMs had the highest dues at ₹98.89 billion (~$1.18 million), followed by Maharashtra at ₹94.94 billion (~$1.13 billion) and Tamil Nadu at ₹88.48 billion (~$1.05 billion).

The Solar Energy Corporation of India has invited bids to develop a 7.5 MW solar photovoltaic power project in Badi Sid, Rajasthan. Bids must be submitted by July 24, 2024, along with an earnest money deposit of ₹8.4 million (~$100,000). The scope of work includes design, engineering, supply, construction, erection, testing and commissioning. The project also includes ten years of operation and maintenance. The tender requires that both solar cells and modules be made in India. They must meet the specifications and testing requirements set by the Ministry of New and Renewable Energy. The solar modules must come from manufacturers listed in the Approved List of Models and Manufacturers.


Get the most relevant India solar and clean energy news.