Monthly RE Update – June 2023

Monthly RE update – June 2023

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Tenders

New RFS Issued

  • In June 2023, 18 new renewable energy (RE) tenders with a cumulative capacity of 22,134 MW were issued.  
  • RUMSL issued 16400 MW of Pumped Storage tender in Madhya Pradesh. A total of 14 sites are on offer to build PHS capacities varying from 600 MW to 2 GW.
  • About 583 MW of Solar tenders (Under KUSUM Scheme Component- C) were issued by Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) in Rajasthan.

Figure 1.1: New RE tenders issued in June 2023

Source: JMK Research

New RFS Issued

Tender NameTechnologyTender ScopeCapacity (MW)Other DetailsMinimum CUFCommissioning timeline from PPA signing (months)Bid Submission Date
RUMSL, 16.4 GW,Pumped Hydro Storage (PHS), Madhya Pradesh, June 2023Pumped Hydro Storage  Project Development  16400EMD- INR 1 million  

PBG- INR 0.2 million/ MW
12th- July- 2023
NHPC, 3000 MW, Solar, Pan India, June 2023Utility Scale SolarProject Development3000EMD- INR 0.5 million/ MW  
PBG- INR 1.1 million/ MW
17%183rd- Aug- 2023
SJVN, 1500 MW, Wind- Solar Hybrid with ESS, Pan India, June 2023Wind- Solar Hybrid with ESSProject Development1500EMD- INR 1.2 million/ MW20th- July-2023
JDVVNL, 583 MW, Solar (under KUSUM Scheme component- C), Rajasthan, June 2023Small scale SolarProject Development583EMD- INR 0.1 million/MW PBG- 0.5 million/MW19%95th- July- 2023 to 24th– July- 2023
Tata Power, 225 MW, Wind- Solar Hybrid, Pan India, June 2023Wind- Solar HybridProject Development225EMD- INR 0.5
million/ MW/ project
PBG- INR 1 million/ MW/ project
30%2431st- July- 2023
PSPCL, 200 MW, Solar, Punjab, June 2023Utility Scale SolarProject Development200EMD- INR 0.4 million/MW PBG- INR 1 million/MW19%1830th- June- 2023
PEDA, 100 MW, Floating Solar, Punjab, June 2023Floating SolarProject Development10028th- July- 2023
AVVNL, 72MW, Solar (under KUSUM Scheme component- C), Rajasthan, June 2023Small scale SolarProject Development72EMD- INR 0.1 million/MW PBG- 0.5 million/MW19%927th- June- 2023
Supplier and disposals department, 30 MW, Rooftop Solar, Haryana, June 2023Rooftop Solar30PBG- INR 0.1 million/ MW15%314th- July-2023
UPNEDA, 12 MW, Rooftop Solar, Uttar Pradesh, June 2023Rooftop Solar12EMD- 2% of the project cost PBG- 10% of the contract value43rd- July- 2023
JREDA, 12 MW, Rooftop Solar, Jharkhand, June 2023Rooftop SolarCAPEX12EMD- INR 1.0 million/MW PBG- 5% of the contract value15%417th- July-2023

PBG: Performance Bank Guarantee

EMD: Earnest Money Deposit Source: JMK Research

Source: JMK Research

In addition, SECI issues a notice for the selection of RE power developers for supply of 500 MW firm and dispatchable power from ISTS-connected RE power projects to PSPCL. The tender will be issued shortly.

Date Extensions

Tender NameTechnologyTender ScopeCapacity (MW)Other DetailsMinimum CUFCommissioning timeline from PPA signing (months)Bid Submission Date
RUVNL, 1200 MW, Solar Power with ESS, Pan India,Mar 2023Energy Storage SystemProject Development1200EMD- INR 1.2 million/MW PBG – INR 1.8 million/MW35%2417th– July- 2023
MPUVNL, 1110 MW, Solar (KUSUM Component-C), Madhya Pradesh, Jan 2023Small Scale SolarProject Development1110EMD- INR 0.1 million/MW PBG – INR 0.5 million/MW15%124th– July- 2023
GUVNL, 700 MW, Solar Phase XI, Gujarat, Mar 2021Utility Scale SolarProject Development700EMD – INR 0.4 million/MW PBG-INR 0.9 million//MW17%155th– July- 2023
GUVNL, 500 MW, RE with 250 MWh ESS Phase (XV), Gujarat, Jun 2022Utility Scale SolarProject Development500EMD – INR 1 million/MW PBG-INR 2.5 million/MWWind- 22% Sola-17% Hybrid-30%186th- July- 2023
UHBVN, 500 MW, Solar, Haryana, Apr 2023Utility Scale SolarProject Development500EMD- INR 0.8 million/MW10th- July- 2023

Source: JMK Research

Auction Completed

About 2000 MW of RE tenders were auctioned in June 2023. Out of which about 1490 MW were allotted in the respective month.

Winners in the latest RE auctions

Source: JMK Research

Tender NameCapacity Tendered (MW)Capacity Allotted (MW)Minimum CUFCommissioning timeline from PPA signing (months)Winner Details
SECI, 1200 MW, Wind (Tranche XIV), Pan India, Feb 2023  120069022%24EverGreen Power (Green Prairie Energy Pvt. Ltd.)- 190 MW (INR- 3.18/kWh)Apraava Energy Private Limited- 300 MW (INR 3.24/kWH)SJVN – 200 MW (INR 3.24/kWh)
GUVNL, 800 MW, Solar (Phase XX), Gujarat, May 202380080017%15KPI Green Energy – 100 MW (2.70/kWh)SAEL – 400 MW (2.71/kWh)NLC India – 300 MW (2.71/kWh)

Source: JMK Research

Installed Capacity

In May 2023, a combined total of 1074 MW of solar and wind capacity was added, taking the cumulative RE capacity to 126.7 GW.

Source: MNRE, JMK Research
Note: Solar includes utility scale solar, rooftop solar and off grid/distributed solar segments

State wise solar and wind installed capacity in May 2023

In May 2023, Gujarat installed the maximum solar capacity of 368 MW followed by Karnataka (236 MW), Tamil Nadu (65 MW), Rajasthan (32 MW) and Kerala (10 MW). Gujarat added the maximum wind capacity of 272 MW in the country in May 2023.

State wise solar and wind installed capacity in May 2023

Source: MNRE, JMK Research

Recently Commissioned RE projects

DeveloperTechnologyCapacity    ConsumerState
TATA Power Renewable Energy Ltd.  Solar110Kerala State Electricity BoardRajasthan


ReNew Power
Wind and Solar70Toyota Kirloskar Motor- 27.2 MWSandur Manganese & Iron Ores- 43 MWKarnataka
Wind- Solar Hybrid18.34Meghmani finechemGujarat

NTPC Green Energy  
Solar300 (50)Third PartyRajasthan
Solar10SECIGujarat
First Energy Pvt Ltd. (Thermax)  Wind- Solar Hybrid45.8CaptiveGujarat
Sandur Manganese & Iron Ores  Solar & Wind42.9CaptiveKarnataka
Gaurs Group  Solar15CaptiveMadhya Pradesh
BHEL  Solar5CaptiveMadhya Pradesh
Indian Army  Solar1CaptiveAssam
NVVN  Rooftop Solar1IIT JodhpurRajasthan

Source: Industry news articles, JMK Research

Other key announcements that were made during the month were:

  • KPI Green Energy has received a letter of intent (LoI) from a private player to develop a 40 MW (21.50 MW wind and 18.5 MW solar) project in Gujarat. The power will be used under the ‘Captive Power Producer (CPP)’ business segment of the company.
  • SJVN has received permission to develop a second hydropower project of 669 MW in Nepal on a build-own-operate-transfer (BOOT) basis for 25 years. Currently, SJVN is developing a 900 MW Arun-3 hydroelectric project, a run-of-river located on the Arun River in eastern Nepal, which is scheduled to be completed in 2024.
  • Archtech bagged the latest contracts from Sterling & Wilson and Torrent Power for 662 MW of tracker supply deals for solar projects in India following a 2.8 GW mega project last year. The 242 MW project with Sterling & Wilson is located in Rajasthan and the other 420 MW project with Torrent Power in Surat, India.
  • Tata Power Renewable Energy (TPREL) has received a Letter of Award (LoA), through its subsidiary TP Vardhaman Surya, to set up 966 MW (379 MW solar and 587 MW wind) round-the-clock hybrid renewable power for Tata Steel. Tata Steel will invest 26% equity in the project, which will be commissioned by 1 June 2025.
  • NHPC and Torrent Power have signed a MoU with the Government of Maharashtra to develop pumped storage hydro projects. Torrent Power will develop three projects (Karjat- 3 GW, Maval- 1.2 GW, and Junnar- 1.5 GW) aggregating to 5.7 GW capacity with an investment of INR 27,000 crore. NHPC will develop four projects (Kalu- 1.15 GW, Savitri- 2.25 GW, Jalond- 2.4 GW, and Kengadi- 1.55 G) aggregating to 7.35 GW capacity with an investment of INR 44,000 crore. The projects are planned to provide a minimum of six hours of energy storage daily.
  • Narmada Hydro Development corporation (NHDC) Ltd will construct a 525 MW pumped storage project near Indira Sagar Dam in the Khandwa district of Madhya Pradesh with an estimated cost of INR 4200 crore. It is expected to supply 1,226.93 million units of energy during peak hours.
  • Avaada Energy has received the LoI from Gujarat Urja Vikas Nigam Ltd (GUVNL) to set up a 400 MW (200 MW- @INR 2.75/kWh and 200 MW under green shoe option- @INR 2.71/kWh) solar project and power will be supplied for 25 years. The project will be commissioned within 18 months.
  • Serentica Renewables has partnered with Envision Energy for a 350 MW wind turbine project in Maharashtra. The project is expected to be commissioned by December 2024 and it is projected to generate 1.25 billion units annually.

Monthly RE Generation

In June 2023, Renewable energy sources generated 20525 MU, which is 16.4% higher than the RE generation in May 2023. Solar generation decreased by 10% while wind generation increased by 57% on month-on-month basis in June 2023.

Source-wise Renewable Energy Generation (MU) – India

Source: CEA, JMK Research

Investments/ Deals

In June 2023, about $2.25 billion was invested in the RE sector in India. The key investments during the month were:

  • Avaada has closed $1.3 billion in financing for its green energy ventures (green hydrogen, green methanol, green ammonia, solar manufacturing, and renewable power generation). The funding included $1 billion from Brookfield Renewables and $301 million from Global Power Synergy Public Co (GPSC).
  • CleanMax Enviro Energy Solutions has closed an equity fund raise of $360 million from Brookfield Renewable as it targets 5 GW capacity. The funding would enable it to pursue its growth plans of becoming a >5 GW platform over the next three to four years.
  • Serentica Renewables has bagged contracts worth INR 10,000 crore for its upcoming projects to develop 2.5 GW of RE capacity in India. Serentica Renewables will raise fund of around $250 million from KKR in this agreement.
Company NameDeal Type  SectorInvestorDeal ValueOther Details
AvaadaEquity  RenewableBrookfieldGlobal Power Synergy public company$1.3 billion
CleanMax SolarEquityRenewableBrookfield$360 million
Serentica RenewablesEquityRenewableKKR$250 million
Amp EnergyEquity        RenewableSMBC bank- JapanIntermediate capital groupAsian Infrastructure investment bank$250 million      –
Enel Green PowerEquity and Debt      WindNorfund & KLP$80 millionThe funds will be used for 168 MW wind project developed by Enel Green Power
NewtraceEquity  RenewableSequoia Capital IndiaAavishkaar Capital$5.65 million  –
SafEarthEquityRenewableAnthil VenturesThird DerivativeMumbai Angles$0.42 million  –

Source: Industry news articles, JMK Research

Other important announcements that were made during the month were:

  • JSW Group is planning to sell a minority stake value of $500 million in JSW Neo energy. The group has appointed Standard Charted Bank as a selling advisor for the transaction.
  • BrightNight is planning to develop 2 GW of renewable energy (Wind Solar with ESS) capacity in India in the next 4-5 years that will require a total investment of $1 billion and the company will deploy $250 million equity capital.
  • IREDA is planning to raise up to 10 billion rupees through the sale of bonds maturing in 10 years and bids are likely to be invited in June 2023. The bonds are rated AAA by ICRA.
  • Goldi Solar is planning to invest over INR 5,000 crore to increase module manufacturing from 2.5 GW to 6 GW by 2025. The firm has two module manufacturing plants in Pipodara and Navsari districts in Gujarat.
  • ACME Solar is in discussions with REC, PFC, State Bank of India and middle eastern banks to secure debt amounting to INR 4000 crore to fund the green ammonia & green hydrogen projects in Tamil Nadu and Onam.
  • American financial company GQG Partners (GQG), along with other investors, acquired shares worth $1 billion (INR 8,200 crore) from Adani Enterprises Limited (AEL) and Adani Green Energy Limited (AGEL) via block deals. About 48 million shares, or 3% of the total equity of AGEL, and a 1.6% stake, or 18 million shares, in AEL, were sold via block deals to GQG.

GTAM Traded Volume

The IEX traded a total of 66.69 MUs in GTAM in June 2023, which is 28.72% lower than the volume traded in May 2023. The average trade price in IEX-GTAM for June 2023 was INR 5.79/kWh. This is about 13.52% higher than the previous month’s price.

GTAM traded volume and average traded price trend

Source: IEX, JMK Research

Key Market Updates

Solar Manufacturing

Insolation Energy plans a 600 MW solar cell manufacturing facility

Insolation Energy Ltd is setting up a 600 MW PV cell production facility in Rajasthan and the new module and cell facilities are to start production by the end of FY 2024-25. It is also expanding its PV module production capacity to 1.2 GW with the addition of a new 500 MW line.

Waaree signs 10 GW module line deal with Jinchen

Waaree has placed the order for a 10 GW high-efficiency module automation production line with Jinchen. The two companies signed the deal during the Smart Energy conference and Exhibition (SNEC) PV Power Expo, June 2023 recently held in Shanghai.

Storage

ONGC sign JV agreement for a 250 MW battery storage project in Assam

ONGC Tripura Power Co. (OTPC) has signed an agreement with Assam Power Distribution Co. Ltd (APDCL) to form a joint venture company to build, own and operate a 250 MW/500 MWh battery energy storage system in Assam. The project will be developed with an estimated investment of INR 2,000 crore.

NHPC exploring pumped storage development in six states in India

NHPC is exploring the development of pumped storage projects in the states of Andhra Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, and Odisha. The firm has completed the pre-feasibility report of the Indira Sagar Omkareshwar (525 MW) Pumped Storage and Tekwa-2 Pumped Storage Scheme (800 MW) in the state.

Arcedo Systems introduces integrated BESS and Solar PV Plant

Arcedo Systems launched 3.5 MWh integrated Battery Energy Storage System (BESS) and 3.6 MW Solar Photovoltaic plant at Airoli, Maharashtra.

Green Hydrogen

Jindal Stainless to switch to green hydrogen at the Odisha plant

Jindal Stainless has become the country’s first stainless steel company to install a green hydrogen plant. The company plans to set up its second green hydrogen plant in Odisha after its pilot project at Hisar, Haryana.

L&T to create renewable energy infra for the world’s largest green hydrogen plant in NEOM

Larsen & Toubro (L&T) has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company (NGHC). The value of the packages awarded to L&T aggregate to $2.779 billion. NGHC is setting up a mega plant to produce green hydrogen at scale for global export in the form of green ammonia with a total investment of $8.4 billion.

IH2A submits $5-bn plan for national green hydrogen hub to government

Indian hydrogen alliance (IH2A) has submitted a national green hydrogen hub economic viability and development plan. The Plan has the potential to create five large national green hydrogen corporations worth $5 billion by 2030, through public-private partnerships. The plant will be developed in Gujarat, Maharashtra, Karnataka, Tamil Nadu, and Andhra Pradesh.

BPCL collaborates with BARC to scale up alkaline electrolyzer technology

Bharat Petroleum Corp (BPCL) is planning to build about 1 MW electrolyzer manufacturing capacity in the country by 2025 using the Bhabha Atomic Research Centre’s (BARC) technology for green hydrogen.

NHPC has initiated the bidding process for a pilot project for establishing a green hydrogen-based mobility station in Kargil, Ladakh

NHPC’s project requires the installation of two units of electrolyzer technology, with each unit having a capacity of 30 Nm3/hour with the targeted daily hydrogen production set at 40 kg, with a minimum purity level of 99.97%. Interested bidders must submit their proposals by July 19, 2023. Applicants are required to submit an EMD of INR 4 million and PBG of 5% of the project cost.

Other Market Updates

India’s Renewable energy installed capacity is to reach 336 GW by 2026-27 and 596 GW by 2031-32

According to the National electricity plan (NEP), India’s RE capacity is expected to reach 336.5 GW by 2026-27 which contributes 35% to the total energy mix and to reach 596 GW by 2031-32 which contributes 44% in the total energy mix. The project capacity addition requirement would be 211 GW (31.8 GW- conventional and 179.9 GW- RE capacity) for the period of 2022-27 to meet the peak demand. The likely installed capacity till 2031-32 is 900 GW (304 GW- conventional and 596 GW- RE capacity). The NEP also estimated that the total fund of INR 19,06,406 crore is required for the period of 2027-32.

SECI signed a PSA with GRIDCO for 600 MW of wind power

SECI has signed Power Sale Agreement (PSA) with GRIDCO (Odisha state utility) to supply 600 MW of wind power.  SECI will supply power under tranche- XIII of ISTS-connected wind power.

Tata Group to set up 20 GWh lithium-ion cell plant in Gujarat

Tata Group has signed a MoU with the state government of Gujarat to set up a 20 GWh lithium-ion cell manufacturing factory in Gujarat. It will build the proposed facility with an estimated investment of INR 13,000 crore in the initial phase.

WattPower signs agreement with ReNew Power to supply 1.2 GW of string inverters by Dec 2023

Watt Power announced the deal with ReNew Power and the agreement entails the supply of 1.2 GW of string inverters, making it one of the largest deals in the solar inverter industry. With a contract value of close to INR 200 crores, this collaboration marks a significant milestone in advancing India’s transition to clean energy.

GE Vernova to supply turbines for Amplus 108-MW wind energy project

GE Vernova has been selected by Amplus as the onshore wind turbine supplier for its 108 MW wind power project which will be installed in Tamil Nadu. The wind farm will be commissioned by August 2024.

India installed 1.07 GW renewable energy capacity in May 2023

As per the monthly installed report released by the CEA, India installed a total of 1.07 GW of RE in May, excluding hydro. The table below mentions that the RE capacities were added in April & May.

SourceAdditions
Solar743 MW
Wind330 MW
Small Hydro0
Biomass/cogeneration0
Waste to Energy2.5 MW

Government plans INR 3760 crore incentives for batteries

Government will offer Rs 3,760 crore in incentives to companies setting up battery storage projects totaling 4,000 MWh under the PLI scheme. The government will provide so-called viability gap funding – incentives to cover risks of developers of critical infrastructure projects that are or may turn out to be economically unviable – in the form of grants for three years. It also expects private investments worth 56 billion rupees through the scheme.

Comparing on m-o-m basis, price for global mono PERC modules have decreased by 4.76% in June 2023.

Solar modules price trends

Source: PVInfoLink, JMK Research

Average prices for domestic modules

JMK Research carried out price survey from domestic suppliers for June 2023 and as per the responses received, the all-inclusive domestic module prices till project site (including freight charges, GST etc) for various categories are:

  • The price for mono PERC 440 Wp modules was INR 24.7/Wp which is less than 1.2% than the price of modules in May.
  • The June price of mono PERC 500 Wp modules was INR 26.3/Wp, down by 2.6% as compared to the price of modules in May.
  • The price for Polycrystalline 330 Wp modules was INR 24/Wp, which is about 2% less than the previous month’s price.
  • The price for Bifacial modules was INR 28.5/Wp in June, which is around 1.7% less than the price of modules in May.

Source: JMK Research

Note: Domestic module prices are all inclusive prices till project site including freight charges, GST, etc.

Policies and Regulations

Central

Policy NameIssuing AgencyDate of Issue
CERC ordered SECI to compensate developers following the BCD surge in solar cellsCERC02nd June- 2023
MoP issued an order for the implementation of market coupling on exchangeMoP02nd- June- 2023
CERC rejects relief to solar power producer SBSR power cleantech Eleven for project delayCERC05th- June- 2023
MNRE extended the timeline for the development of solar and ultra mega solar power projectMNRE06th- June- 2023
MNRE issues the order for setting up a dispute resolution mechanismMNRE07th- June- 2023
MoP and MNRE launches scheme to leverage emerging technology in the power sectorMoP and MNRE07th June 2023
CEA introduced fast-track approval mechanism for Pumped storage projectsCEA08th- June- 2023
MoP issues bidding guidelines for renewable energy projects with energy storageMoP09th- June- 2023
CEA issued revised procedure for obtaining prior approval under section 68 and section 164 of the Electricity Act,2003CEA09th- June- 2023
MoP issues an addendum for the waiver of ISTS charges on electricity generated from solar and wind sourcesMoP09th- June- 2023
CERC order on removal of difficulties on sharing of Inter-State Transmission Charges and Losses RegulationsCERC12th- June- 2023
CERC issues the draft regulation for sharing of Inter-State Transmission Charges and Losses Third amendment Regulations 2023CERC12th- June- 2023
MoP issues the amended rule for rights of consumers 2023MoP12th- June- 2023
CEA issues norms for filed efficiency tests for Pumped storage projectsCEA21st- June- 2023
MoP issues an order on the modification of tender documents for ISTS-connected projectsMoP21st- June -2023
MoP has amended the provision of scheme flexibility in the generation and scheduling of thermal/ Hyd2ropower stations through bundling with RE and storage powerMoP21st- June- 2023
CERC orders in favour of CTUIL regarding the transmission charges to AC2ME solarCERC23rd- June- 2023
MNRE issues allocation of physical targets for setting up small biogas plants under Biogas Program during FY 2023-24 (Phase II)MNRE26th- June- 2023
MoEFCC issued a draft notification for Green Credit Programme Implementation Rules, 2023MoEFCC26th- June- 2023
MNRE issues the guidelines for an incentive scheme for Green Hydrogen ProductionMNRE28th- June- 2023
MNRE issues the guidelines for an incentive scheme for Electrolyser manufacturingMNRE28lth- June- 2023
CEA issues the guidelines for Resource Adequacy Planning Framework for the power sectorCEA28th- June- 2023
MoP issues the draft amendment of Electricity rule 2023MoP28th- June- 2023
MoP waived off ISTS charges from offshore wind, Ammonia, and Green Hydrogen ProjectsMoP29th- May- 2023
CERC issues amended regulation on Indian Electricity Grid Code 2023CERC29th- May- 2023
SECI extended SCoD for Adani Solar Energy for its 180 MW and 150 MW solar powerSECI30th- May- 2023
MNRE extended the commissioning date for undergrounding of transmission lines in habitats of GIB in Rajasthan and GujaratMNRE31st- May- 2023
Central Electricity Regulatory Commission (CERC) requested Regional GENCOs to be prepare for Ancillary services during peak demandCERC31st- May- 2023
MNRE updated List- I of ALMM order-2019 based on module efficiencyMNRE31st- May- 2023
CEA issued a National Electricity planCEA31st- May- 2023
Ministry of Steel invites the proposal to set up the pilot project on green HydrogenMoS31st- May- 2023

State

Policy NameIssuing AgencyDate of Issue
KERC issued the order for the determination of tariffs and norms in respect of the Solar Power projects for FY 24KERC01st- June- 2023
PSERC issues the 2nd amendment of terms and conditions for the determination of generation, transmission, wheeling, and retail supply tariff regulation 2023PSERC02nd- June- 2023
PSERC issues the 10th amendment of terms and conditions for intra-state open access regulations- 2023PSERC02nd- June- 2023
KERC increased the average electricity retail tariff by INR 0.70/kWh for FY23KERC05th- June- 2023
APERC issues a draft first amendment for RPO compliance by the purchase of RE power and REC regulation- 2022APERC05th- June- 2023
APERC issues draft grid interactive solar rooftop PV systems under gross/net metering regulation, 2023APERC06th- June- 2023
RERC issues the transmission tariff for FY 23-24RERC08th- June- 2023
KERC issues the order for implementation of open access regulation- 2022KERC08th- June- 2023
MPERC issues the draft regulation on terms and conditions for Intra-State open access in Madhya Pradesh, (Revision-I) 2021 (Third Amendment)MPERC10th- June- 2023
Rajasthan discoms filed the petition for the procurement of power on a short-term basis JVVNL12- June- 2023
RERC issued a draft RPO regulation 2023 and a memorandum for incorporating energy storage from April 2024RERC13th- June- 2023
TNERC issues the draft RPO regulation till FY 30TNERC13- June- 2023
WBERC issues draft regulation for determination of ceiling tariff for procurement of PowerWBERC15th- June- 2023
GERC issues the discussion paper on tariff framework for wind-solar hybrid project 2023GERC17th- June- 2023
CSERC issues draft amendment of Open access regulationCSERC20th- June- 2023
Andhra Pradesh Issues Green Hydrogen and Green Ammonia Policy 2023NREDCAP20th- June- 2023
GERC issues the draft green open access regulation 2023GERC23rd- June- 2023

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