Policy and Regulations

Webinar Insights: Impact of Basic Custom Duties (BCDs) on Indian Solar Sector

Webinar Insights: Impact of Basic Custom Duties (BCDs) on Indian Solar Sector As India is bracing to achieve its target of 100 GW of solar energy by 2022, there are issues related to increasing import bills due to solar photovoltaics. India’s module and cell manufacturing remains below par when compared to its Chinese counterparts. In wake of promoting the domestic manufacturing, the government-imposed safeguard duty in July 2018 which is due to expire this month. The government now plans to…

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Next wave of growth in the renewable sector to be fueled by UMREPPs

Next wave of growth in the renewable sector to be fueled by UMREPPs In December 2014, MNRE rolled out its scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” with an objective to facilitate the solar project developers to set up projects in a plug and play model. The scheme proposed to set up at least 25 solar parks and ultra mega solar power projects across various locations. India houses multiple ultra-mega solar parks with a capacity of…

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Summary of Draft Electricity Amendment Act – 2020

Summary of Draft Electricity Amendment Act – 2020 Ministry of Power has issued a draft for the amendment of Electricity Act 2003 and advised stakeholders to submit their comments, suggestions and objections till the deadline June 5, 2020. The highlights of the amendments proposed to include in the Electricity Act, 2003 are as follows, This Act may be called the Electricity (Amendment) Act, 2020. As per sub-section (2) of section 1 Act shall be extended to whole India, removing earlier…

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Policy updates- Jan 2020

RE Policy updates- Jan 2020 MNRE notifies list of Insurance Providers for Solar Power Plants To insure and protect the interest of solar energy industry stakeholders, MNRE has released a list of insurers offering products covering various risks associated with the solar power plants.  The insurance providers include IFFCO Tokio GICL, HDFC Ergo GICL, The New India Assurance Co. Ltd., ICICI Lombard GICL, and Cholamandalam MS GICL offering various products for the solar plants. The various policies offered by the…

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