Open access allows large users of energy, typically those who consume over 1 megawatt of power, to buy power from the open market, instead of depending on a more expensive grid. Discoms have been discouraging clean energy developers to use their networks to supply electricity to consumers. Ensuring open access will also help attract large […]
Incentives, FAME-II Subsidy May Cut EV Prices by Rs 30,000: ICRA
Under the policy, a demand incentive of Rs 10,000 per kWh is being provided by the state government for e2W, e3W and e4W over and above any subsidies available from the central government. New Delhi: Incentives under the Gujarat government’s electric vehicle (EV) policy, coupled with enhanced subsidy under the Centre’s FAME-II scheme, will lead […]
Hardening of Imported Solar PV Module Price to Moderate Project Returns: Icra
Hardening of imported photovoltaic solar module price will moderate the returns for projects awarded over the last six to nine-month period, rating agency Icra NSE 4.19 % said on Tuesday. The increase in imported photovoltaic (PV) solar module price level by about 15-20 per cent over the last 4-5 months, to around 22-23 cents/watt as […]
Electric 3-Wheelers Likely to Account for 30% of New Sales by 2025: ICRA
Globally, EVs now account for 4.4 per cent of new car sales during CY2020 and their share is likely to cross 5 per cent level this calendar year, as per ICRA. The penetration levels in cars and trucks, however, are likely to remain low in the medium-term The electric two and three-wheelers volume are expected […]
Webinar: ‘New Tenders for Utility Scale Solar Projects by SECI, NTPC and States’
EQ’s webinar on ‘New Tenders for Utility Scale Solar Projects by SECI, NTPC and States’ was conducted on May 19, 2021 at 03:00 PM. Experts in the panel shared their insights on the topic discussed related opportunities and challenges in detail. Pratik Prasun, Manager (Contracts & Procurement), SECI and Pradipta Kumar Roy, Chief Manager, IREDA […]
PLI Scheme for Solar PV Modules is Good for Domestic OEMs: ICRA
The PLI scheme along with imposition of BCD on imported modules and cells from April 2022 will improve the cost competitiveness of domestic manufacturers vis-a-vis imports. New Delhi: The production-linked incentive (PLI) scheme for solar PV modules is a positive for domestic original equipment manufacturers and it would help improve cost competitiveness for the domestic […]
Lockdown constraints amid second wave of Covid-19 a downside risk for electricity demand: ICRA
A large portion of the private IPP capacity (20 GW) is exposed to volume and pricing risks in the short-term market. New Delhi: The proliferation of lockdown restrictions across many states in the country, amid the second wave of Covid-19 infections, could adversely impact the electricity demand growth prospects in FY2022, rating agency ICRA said. […]
BCD on solar PV cells to support OEMs: ICRA
New Delhi: Imposition of basic customs duty (BCD) on imported solar PV cells and modules will support domestic OEMsm, ICRA said in a note. Earlier, the Centre had approved a proposal to impose a BCD of 25 per cent on imported solar PV cells and 40 per cent on imported solar PV modules, with effect […]
Discom debt at Rs 6 trillion; negative outlook on power distribution: ICRA
This is in addition to Rs 1.27 trillion pending discom payables to power generators as of December 2020, 30% higher on a year-on-year basis. Consolidated debt of state power distribution companies is estimated at Rs 6 trillion in FY2022, highest post implementation of debt restructure scheme under Ujwal Discom Assurance Yojna (Uday), ICRA said on […]
Infrastructure – Steady provisioning to soften impact of slow credit resolution: ICRA
While infrastructure credit grew 7 per cent in FY2020 (19 per cent in FY2019) to Rs 22.5 lakh crore as on March 31, 2020, it increased marginally to Rs 22.6 lakh crore as on September 30, 2020. New Delhi: Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance […]