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With eye on tariffs, ministry tweaks eligibility for solar tender

The government has scaled down the componentmanufacturing requirement under its first such solar tender where developers must also agree to locally produce equipment to win projects. The manufacturing component of the tender has been cut to 3-gigawatt capacity from 5GW, as fears persist over developers quoting higher tariffs citing manufacturing cost. The maximum permissible tariff […]

Fitch Ratings affirms Clean Renewable Power’s USD 363 mn notes ‘BB-‘ rating with stable outlook – EQ