The renewable energy sector is elated that the benefit will come to them, given no future pipeline of any thermal power projects
Infrastructure sector on Friday urged the government to bring captive renewable policy and exempt from cross subsidy and transmission charges to make renewable energy more viable for those willing to set up clean energy plants beyond factory boundaries. The infrastructure companies raised these issues during a pre-budget consultation with Finance Minister Nirmala Sitharaman and top officials from finance, new & renewable, road transport and environment ministries. They also asked to make finance available for real estate and affordable housing to boost consumption of cement and other inputs like steel. Besides, they were of the view that government should release stuck up funds meant for infrastructure sectors as soon as possible for bringing in buoyancy in the economy. "We asked government to see, how can finance be made available for real estate and affordable housing. We also asked to release funds withheld at different levels in the government. "Cement and other Core ...
The YSR Congress government in Andhra Pradesh in July formed a high-level negotiation committee (HLNC) to "review, negotiate and bring down" the tariff of all renewable power projects
This assumes significance in view of India's resolve to reach 175 GW of clean energy capacity by 2022
Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry
Along with tariff reduction, the discoms have also urged the regulator to reduce the PPA period to 5-6 years from the current 25 years
CEA started the portal to collate data for dues in the renewable sector last week
Solar & wind firms called project cancellation 'illegal, unconstitutional'
Many discoms have openly voiced their reservations in honouring the power purchase agreements (PPAs)
Over the next three years alone, the sector can generate jobs for about 80,000 Indians
The state would now have the freedom to back down from renewable projects whenever it wishes to