Budget 2017 expectations. – Mr. Rajeshwara Bhat, Managing Director, Juwi India Renewable Energies Pvt Ltd.
Considering the tremendous potential for renewable energy demand in the country, and with the capacity boost up of 175GW plan by 2022, every renewable energy player in the country is geared upto present India as the pivotel player in fulfilling the energy demands.As the union budget is fast approaching for the year 2017-18 the expectations from the industry is also mounting. Few expectations which can be addressed on topmost priority to fulfill the ambitious target can be :
1. Investments under make in India to achieve ambitious plans of NSM 100GW by 2020 and 175 GW by 2022 with good benefits for investors attracting FDI (Tax, incentives faster ECB clearances)
2 Infrastructure changes : creating technology by bringing in world class EPC equipment’s to facilitate large scale project building for quality and timely implementation of projects.
3 R & D efforts in renewable energy : We drastically lag behind in R&D efforts which must invest appropriately, free of administrative hurdles, encourage innovations, which requires dedicated efforts to take RE forward as the present efforts are diffused and lacking focus.
4 Creating provision for financing for renewable energy projects – low cost funding – guidelines
5 To address the challenge of Grid integration by enhancing the grid capacities to accept the renewable power. Towards this we need to encourage hybridization of wind and solar with proper backing up of policies.
6 GST guidelines to address the uncertainties – Tax exemptions on certain renewable products, relook at feed-in tariff & solar power equipment should be considered under the 0% duty category. This would ensure there is no adverse impact on the procurements made for generation of solar energy due to increase in tax costs. clarity on how the likely additional costs as input taxes in the upcoming GST regime would be allowed as a pass-through by the regulators has put the potential bidders for solar power projects in a bind. MNRE CERC should come out with a mechanism or formula that would be used for passing through the resultant increase in input cost when GST is implemented;
7 Manufacturing capacity boost up under make in India initiative
8 State wise prioritization of availability of skilled resource
9 Single window clearance for all clearances for land, transmission related permissions,