We are waiting to source solar panels from Reliance: JSW Energy
June 27, 2021
Prashant Jain, MD×
Spike in solar panel prices will have an impact on power tariffs in future bids, says Prashant Jain, Joint Managing Director, JSW Energy
After reducing debt substantially, JSW Energy has hit the growth button with a Rs 75,000-crore investment plan. The company has reduced receivables from power distribution companies by 38 per cent to Rs 1,300 crore as of March-end. With the revival in demand, the company is focusing on green energy for future expansion. Joint Managing Director, JSW Energy, Prashant Jain, spoke to
BusinessLine on its future plans. Excerpts:
Solar Tariff to rise as custom duty on gear to kick in
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Synopsis
The announcement to impose the duty on solar cells and modules does not have any grandfathering provision, which would have allowed projects already auctioned to import equipment under existing rules without paying the customs duty.
ANI
India will levy customs duty of 40% on solar modules and 25% on solar cells beginning April 2022.
Mumbai: The days of solar tariff bids at Rs 2 a unit may be over, as project cost is set to rise after the government announced the much-awaited customs duty on key equipment, aimed at boosting local manufacturing.
Bids for solar power projects have seen aggression by developers keen to grab a larger share of the pie. But the solar power generation capacity addition has primarily been driven by Chinese equipment, which hurt local manufacturers.
Govt, IPPs accord to lower power tariff
Top Story
January 10, 2021
ISLAMABAD: The process towards signing the Master Agreements by independent power producers (IPPs) that earlier signed memorandums of understanding (MoUs) in August 2020 has begun as the government negotiation team and solar-based IPPs have reached an agreement.
To this effect, one solar IPP namely Harappa Solar Power Private Limited (HSL) having a capacity to generate 18MW electricity here on Saturday initiated the agreement with Central Power Purchasing Agency (CPPA).
However, the management of Harappa Solar Power Private Limited will sign the formal agreement after it managed to get the go ahead from the board of directors. The cabinet will then approve the agreement, and after that it will be sent to National Electric Power Regulatory Authority (Nepra) for determining the discount in tariff as per the amended power purchase agreement (PPA). Harappa Solar Power Private Limited is included among the 47 IPPs w
Govt, IPPs reach accord for bringing down power tariff
Top Story
January 10, 2021
ISLAMABAD: The process towards signing the Master Agreements by independent power producers (IPPs) that earlier signed memorandums of understanding (MoUs) in August 2020 has begun as the government negotiation team and solar-based IPPs have reached an agreement.
To this effect, one solar IPP namely Harappa Solar Power Private Limited (HSL) having a capacity to generate 18MW electricity here on Saturday initiated the agreement with Central Power Purchasing Agency (CPPA). However, the management of Harappa Solar Power Private Limited will sign the formal agreement after it managed to get the go ahead from the board of directors. The cabinet will then approve the agreement, and after that it will be sent to National Electric Power Regulatory Authority (Nepra) for determining the discount in tariff as per the amended power purchase agreement (PPA). Harappa Solar Power Private Limited is included among