Jaipur: Debt-Laden Rajasthan Vidadan Nigam Ltd.
(Rvunl) has decided to prepare solar energy factories from a capacity of 800 MW and invest around Rs 3,200 Crore regardless of the trend of reading other countries and power procurement entities that prefer third party routes of competitive offerings that have decreased Renewable energy costs up to around RS 2 units.
Financial, Rvunl is also not in a position to contribute to the equity share of 30% in the project even if mobilizing loans from the bank.
Nigam has owed the lender around Rs 24,000 Crore and the flower will pay will not come cheaper considering the credit profile.
Experts in the electricity sector said instead of investing a large number, Rvunl would be better to get cheaper solar power through developer mode in Resco mode (renewable energy service company) and combine them with thermal power that will avoid large loan loads.
Andhra Pradesh is working on a strategy to supply cheaper power to farmers by establishing 10 GW solar energy plants through private investors, instead of making large investments.
Private developers will be selected through the supply and competitive power will be purchased by the government with a much lower level to reduce the burden of their subsidies without investment.
Rajasthan has the highest mounted solar energy capacity of 7737.95MW in this country.
The maximum capacity of IT has been installed by developers or investors and the resulting power is being exported to various disco and power procurement entities including SECI, NTPC, Maharashtra, Haryana, and up.
Power is purchased by these institutions at a cheaper price without making heavy investments unlike the 800MW project proposed by Rvunl.
SIMRAN Grover, Bask Research CEO, said, “There is an opportunity for Rvun to encourage Rajasthan’s clean energy transition through other low-carbon storage and storage.
However, there are careful words.
If the investment is permitted through a regular regime, plus or regulated, it will Being counter-productive for this sector, country, and electricity consumers.
“He said Rvun must participate in free and fair competitive markets to avoid unnecessary inefficiencies in the trips of clean energy transitions.
In the cost-fixing mechanism of the cost-plus price, the seller calculates all costs, remains and variables, which occurs in producing power and then applying the percentage of markup at the cost requested to estimate the price.
In this model, the inefficiency of the power generator is forwarded as a cost of which in competitive offers and third party mechanisms, the costs are much cheaper.
In the latest offers, prices for solar energy have come down to RS 2 units, which are expected to be much higher if there is a cost-plus approach.
Previously, a large investment was made by Rvunl to establish a Giral Lignit Factory, Ramgarh Gas Factory and Dholpur Gas Factory.
But they are not used correctly and the investment made by Rvunl becomes bad debt.
All this unwise financial decision has increased the high power paid by people in Rajasthan.
The infrastructure project development model by government organizations is not cost effective unlike private investors.
Most highway projects, airports, and urban infrastructure projects are developed by private investors or through PPP models for efficiency.