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Fourth Partner Energy on BUDGET 2021

Fourth Partner Energy on BUDGET 2021

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“Finance Minister Nirmala Sitharaman has delivered a balanced budget for the Renewables sector. It reflects the government’s commitment to accelerate decarbonization. The solar industry welcomes the announcement of 20% BCD on inverters and 15% on lanterns; the FM has indicated ramping up domestic manufacturing of cells and panels in a phased manner – which is the right approach. It reflects the growing maturity of the Renewables sector and the need to be AatmaNirbhar for key components across the value chain.

 

Power connection portability is an encouraging announcement. Creating the enabling framework to provide consumers an option to choose their power distribution company will take time to implement, but it will undoubtedly strengthen India’s energy sector. Green hydrogen is a nascent and emerging technology, but it is important for the country to be future-ready to achieve our energy transition goals. We look forward to the launch of the National Hydrogen mission next fiscal.”

 

Saif Dhorajiwala, Co-Founder & ED, Fourth Partner Energy

Anand Gupta Editor - EQ Int'l Media Network