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The Indian Express State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated a long term plan to become a 130 GW company by 2032 with 30 per cent non-fossil fuel or renewable energy capacity. “The company will complete tendering of 2,300 MW of solar energy capacity by the end of this fiscal. Thereafter it has planned to add 4GW each in 2020-21 and 2021-22. “The company is open to any borrowing option in the market, which is economical. However, the company would mainly rely on green bonds which are offered for pure clean energy projects. The company wants to raise money through domestic as well as overseas green bonds,” the source said. The NTPC’s plans to add 10GW solar energy capacity assumes significan...

Financial Express Samrat Sharma Two-thirds of the total power capacity added this year came from renewable sources. On the back of the Modi government’s aim of achieving 175 GW renewable energy generation capacity by 2022, two-thirds of the total power capacity added this year came from renewable sources. 5.8 GW of new capacity has been added during the first half of the current fiscal year, primarily including solar and wind energy, said a  Care Ratings  report.  This is almost double the capacity added during the corresponding period last year. “Renewable energy capacity addition is expected to peak over the next 3-4 quarters on the back of execution of strong order book pipeline. Solar Project developers would also be looking to take benefit of moderation of safeguard duty on the imported solar panel,” said Madan Sabnavis, Chief Economist, Care Ratings. However, renewable energy generation growth moderat ed and recorded 5.7 per cent growth in H1 FY20. T...

Business Line, Twesh Mishra, May 07, 2019 Outcome of brainstorming meet held by MNRE to form the base for policy tweaks Players in the country’s renewable energy sector have collectively red-flagged delays in land acquisition, ramping down of power and transmission constraints among other issues at the first ‘ Chintan Baithak’  called by the Ministry of New and Renewable Energy (MNRE). “The outcome of this meeting will form the bedrock for policy changes that will be highlighted before the coming government to help boost the renewable energy sector,” an MNRE official conducting the stakeholder discussion told  BusinessLine . Last Tuesday, MNRE Secretary Anand Kumar tweeted that a  ‘Chintan Baithak’  (a brainstorming session) is being held with all stakeholders to review the progress made in the sector so far and to deliberate upon new and innovative ideas for catalysing the growth of this sector. Payment issues Stakeholders present in the meeting said ...

 FE Online | New Delhi | August 13, 2018  The central government has raised customs duty on a whopping 400 items in last two years, according to Indian Express report. The items like mobile phones, almonds, cell phone parts, apple, solar panels etc. However, the centre’s move has marked clear cut departure from the policy of lowering import duty that has been followed by previous governments. Prior to this, customs duty on non-agriculture products had decreased from 150 per cent in 1991-92 to 40 per cent in 1997-98 and subsequently, to 20 per cent in 2004-05 and 10 per cent in 2007-08, the report says. While allegations were raised that tariff hike is “protectionist” in nature, the Union Ministry of Commerce has rejected all charges. The government had reportedly imposed customs duty on 29 US products on June 20 this year but later postponed. Experts say this would have a bearing on the WTO-mandated “bound rates”. Bound rates are the customs duty rates committed by a...

NEW DELHI, JAN 18 India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the countrys grid by 2022, a top government official told  Reuters , underlining the immense financing challenge ahead. India is one of the world's most important growth markets for renewable energy. Millions of Indians are not yet linked up to the power grid but as the country of more than a billion people prospers, it is experiencing surging demand. To put India's $125 billion requirement in context, global corporate funding for the solar industry - the world's fastest-growing electricity source was a tenth of that amount in 2017 at $12.8 billion, research firm Mercom says. In 2015, India said investment of $100 billion in the seven years to 2022 would be needed to meet its renewable energy goals. Installed renewable power capacity is currently about 60 gigawats (GW), and India plans to complete the bidding process by the end of...

The Hindu December 7, 2017 Following up on the resolution passed in the December 1 Cabinet meeting, the government on Wednesday issued an order allowing the AP-Genco to take up the execution of the 12 X 80 MW Polavaram hydro electric project subject to certain conditions. The project is to be awarded as per the AP-Genco Board’s recommendation. As per GO MS. No. 34, the AP-Genco has to appoint a Project Management Agency (PMA) and an internal management team, which should review the project regularly and own up responsibility of completing the project in time without any cost and time overruns and bear the additional cost, if any, due to delay in the completion and not pass it on to the Discoms. The other conditions are: AP-Genco should reduce the Operations and Maintenance cost norm of 2% to 1.5% per annum in order to reduce the tariff further; make efforts to avail the ‘Interest Subvention Scheme’ being formulated by Government of India by completing the project within...