Home Featured Hon’ble Minister of MNRE addresses Stakeholders Today Morning on ALMM, BCD, Grandfathering, etc…
Hon’ble Minister of MNRE addresses Stakeholders Today Morning on ALMM, BCD, Grandfathering, etc…

Hon’ble Minister of MNRE addresses Stakeholders Today Morning on ALMM, BCD, Grandfathering, etc…

0
0

Hon’ble Minister – Order to ALMM will be effective only 30 days after its finalisation. All bids before that ALMM will not apply; Custom duty – any duty after bid is finalised will be grandfathered –  be a pass thru as per formula given by SECI; Developers are requesting that they are exempted – but Minister forcing tariff revision applicable to all bids by general order. Minister – Pass thru should be made as automatic & easy as possible as it’s a right of the developer – will write to states also. Also an interest cost on such blocked capital should also be pass thru

– Minister – BCD from 1st Aug; If Bank refuses to fund – write to Minister and ministry will take it up with the bank chairman

– ALMM list not ready and testing of all equipment not done

– On paper manufacturing is 12-13 GW but 2-3 GW Is lower quality with lower efficiency. Additional cap of 4 GW already being set up and bid for 3 GW also being set. On cells only 2.5 GW cap right now, 3 GW bids done and looking for another 4 GW cell bids

Grandfathering by open access – may not be relevant – send a memorandum to minister and will be examined

  • Minister – BCD from 1st Aug; If Bank refuses to fund – write to Minister and ministry will take it up with the bank chairman
  • ALMM list not ready and testing of all equipment not done
  • On paper manufacturing is 12-13 GW but 2-3 GW Is lower quality with lower efficiency. Additional cap of 4 GW already being set up and bids for 3 GW also being set. On cells only 2.5 GW cap right now, 3 GW bids done and looking for another 4 GW cell bids
  • Grandfathering by open access – may not be relevant – send a memorandum to minister and will be examined
  • Order to ALMM will be effective only 30 days after its finalisation. All bids before that ALMM will not apply; Custom duty – any duty after bid is finalised will be grandfathered
  • Safeguard duty not relevant ,will discuss to finance minister regarding this
tags:
Anand Gupta Editor - EQ Int'l Media Network
Open chat