Tags: Chinese equipment

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 […]

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PFC, REC likely to restrict funding to projects based on Chinese equipment

The government’s economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday. The practice would first be adopted in the power sector, where state-owned Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Indian Renewable Energy Development Agency (IREDA) propose to […]

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