The government on September 20 slashed the income tax rate for companies by almost 10 percentage points to 25.17 percent and offered a lower rate to 17.01 percent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs. The corporate tax cut is a positive […]
Directive on payment security mechanism and favourable regulatory orders positive for IPPs: ICRA
ICRA’s projection is based on improved growth to 6.7% on a Y-o-Y basis from a low of 1.5% in Q4 FY2019. KOLKATA: ICRANSE 0.02 % expects thermal capacity utilization to improve to 64% in FY2021, led by sustained demand growth coupled with a slowdown in addition of new capacities and decommissioning of older units. ICRA’s […]
Discoms’ altering PPAs is bad move for power sector, says ICRA
The report was in context of Andhra Pradesh government constituting a high-level committee to review the cost of wind and solar PPAs tied-up by the discoms The receivable position for wind and solar power IPPs in Andhra Pradesh has worsened Attempts by state power distribution companies (discoms) to renegotiate power purchase agreements (PPAs) will bode […]
Higher receivables for renewable IPPs in a few states a credit concern: ICRA
On the positive side however, payments from the state utility in Maharashtra have seen a significant improvement with the overdue receivable position of about 4-5 month as on date for majority of the wind IPPs. Renewable IPPs, especially wind and solar energy plants, are facing a mixed trend with respect to collection pattern from state […]