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A World Solar Bank and India’s Solar Ambitions.

In the past week, talk of a World Solar Bank, midwifed by the International Solar Alliance (ISA), Prime Minister Modi’s biggest foreign policy initiative has picked pace again. The ISA, whose overarching mandate can be considered the raising of 1 trillion dollars to build, spread and sustain  solar energy worldwide, with special attention to the […]

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PFC, REC may Restrict Funding for Projects Using Chinese Equipment

The government’s economic response against China may see public-sector financiers like PFC, REC restricting funding of projects that use equipment from the country The government’s economic response against China may see public sector financiers restricting funding of projects that use equipment from the neighbouring country. The practice would first be adopted in the power sector, […]

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With Phased Duties on Solar Imports, Government Hopes for Orderly Transition

At his press conference today, Power Minister R.K. Singh confirmed that duties, possibly starting at 25 percent, will be imposed on module imports from August 1. He wasn’t absolutely certain on duties for cell imports, but indicated they would be treated at a lower rate, possibly 15 percent. It is also not clear if customs […]

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India Short Circuits Power Sector Imports, As China Shadow Looms

With material from China practically stuck at ports, ever since last week, when a border skirmish went out of control leading to fatalities on a hitherto ‘peaceful’ border, Power Minister R.K. Singh formally outlined a series of steps today, to combat the ‘risks’ of imports in the ‘strategic’ power sector. The measures, while stopping short […]

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Need to Reduce Dependence on Power Sector Import: RK Singh

In order to protect the safety and security of our country, there is a need to reduce the dependency on import in the power sector, said RK Singh on Tuesday. The Minister also emphasized that power is a critical infrastructure for the development of our country, and everything, including, communication, data services, health services, logistics, […]

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With Focus On Chinese Imports, Familiar Tussle Returns For Solar Sector

Imports in the solar sector, where Chinese origin equipment is said to account for anything between 78 percent to 85 percent of equipment used, are back in focus. Reports quoting sources say that the government has sought product-wise details of cheap imports, comparison with domestic prices and tax disadvantage, if any, from industry to curb […]

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