Mumbai: In a first, Karnataka has stopped the building of new solar energy projects, balancing its renewable power purchase obligations and concerns on the financial health of the state’s power distribution companies (discoms). Last month, the Karnataka Electricity Regulatory Commission said there will be no further bidding to procure solar energy from large-scale projects till further orders.
The decision was communicated by the commission to the Karnataka Renewable Energy Development Ltd (KREDL) in letter dated 7 March. Mint has seen a copy of the letter.
KREDL is the state government body that issues tenders for bulk renewable energy procurement for Karnataka’s discoms.
