Tags: China

Change in Law payments lead to INR 4K crore cash inflow for solar sector: CRISIL

Recent commencement of Change in Law payments by state power distribution companies (discoms) and Solar Energy Corporation of India (SECI) for Goods and Services Tax (GST) to solar power projects, comes as a shot in the arm for the sector. Together with safeguard duty (SFD) reimbursements, which also qualify under ‘Change in Law’, the payments will […]

Read more

Solar equipment imports down 83 percent even before govt checks

The Covid-19 pandemic has dealt a severe blow to India’s solar equipment imports from China, even before various government initiatives to check imports and boost domestic manufacturing set in. As per Commerce Ministry data, Indian imports declined by 83 per cent in the April-June quarter of current fiscal, totalling $69 million (Rs 515 crore) as […]

Read more

To check Chinese imports wind sector too will get Solar-like duty structure

Following curbs on import concessions in the solar energy sector, the government may levy higher taxes on wind turbine components and generators to encourage use of local equipment and give a boost to domestic manufacturing. Government sources said that the tax concessions available to the wind power sector for sourcing certain equipment required for making […]

Read more

India’s World Solar Bank initiative: Here is what you should know

Amid the India, China standoff the Ministry of New and Renewable Energy is planning to set up World Solar Bank, and launch a major funding initiative in a bid to strengthen international solar diplomacy. The ministry will soon propose the government to set up the World Solar Bank. The intention behind setting up this unique […]

Read more

Safeguard duty on import of solar cells and modules to continue

The Director General of Trade Remedies (DGTR) in the commerce ministry has favoured continued imposition of safeguard duty on imports of solar cells, whether or not assembled in modules or panels. The DGTR’s recommendation will now go to the finance ministry that may finally decide and notify the quantum and period of the duty. In […]

Read more

Ladakh solar project bid may see first Indian action against Chinese solar firms

Recent border conflict between India and China in the Ladakh region is now setting the ground for a first set of restrictions that India proposes to impose on imports from the Asian giant. Sources said that efforts were on at the official level to explore ways of denying Chinese firms from participating in the bids […]

Read more

High customs duty on Chinese imports likely to be exempted for PPA solar projects

Music to the ears of solar power producers setting up their projects using Chinese equipment, government proposes to exempt those having power purchase agreements (PPAs) with procuring states from the steeper customs duty levy. Sources in the power ministry said that all solar power projects having valid PPAs as on August 1, 2020 will escape […]

Read more

Coal India, NLC India JV to install 3,000-MW solar power assets

Coal India Ltd (CIL) and NLC India together will develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore, said sources speaking to PTI. The two companies recently announced that they would form a JV to develop 5,000 MW of solar and thermal power assets across the country. They […]

Read more

Climate fund targets USD 2.5 bln in clean energy investment for SE Asia

A new climate fund backed by philanthropic donors is aiming to trigger $2.5 billion of clean energy investment in Southeast Asia and aid the region’s green recovery after the coronavirus. The South East Asia Clean Energy Facility (SEACEF) is managed by Singapore-based Clime Capital, with an initial investment of $10 million and a focus on […]

Read more

Solar equipment imports from China may soon come under double taxation

Solar equipment imports, largely from countries such as China, may soon come under double taxation with the Director General of Trade Remedies (DGTR) looking to consider continued imposition of 15 per cent safeguard duty (SGD) on imports of solar cells and modules beyond the cutoff date of July 29. The DGTR is scheduled to do […]

Read more