Legal

Minister advises developers to turn to court to secure clean energy monies owed by electric utilities

The financial failings of India’s electric companies have once again come to the fore as the power minister warned the seven worst offending states the lengthening debts they owe renewables developers could be recovered via the National Company Law Tribunal.

Lithium-ion batteries still set for US tariffs on September 1

The energy storage market is set to be the latest affected by Trump’s trade war as lithium-ion batteries were excluded from the group of Chinese imports for which the U.S. president announced tariffs would be delayed until December 15.

3rd International Electric Vehicle Conclave to kick off tomorrow at Manesar

Jointly organised by India Energy Storage Alliance (IESA) and The International Centre for Automotive Technology (ICAT), the conclave on EV and charging infrastructure will take place on August 9, 2019 at ICAT’s Manesar Campus in Gurugram with over a hundred participating companies.

Discoms still not issuing letters of credit against power purchases – NSEFI

The National Solar Energy Federation of India has warned the Ministry of Power that PV developers may be deterred from participating in state tenders because distribution companies are still not issuing letters of credit as a payment security mechanism.

In SECI and NTPC PPAs, discom profile is integral for counterparty analysis: Ind-Ra

While Solar Energy Corporation of India and NTPC fare better on tariff payment obligations than directly selling to discoms, all other obligations need to be met by them only to the extent they are met on a back-to-back basis by discoms.

NSEFI asks ministry to intervene as Andhra Pradesh curtails renewable power

After High Court’s stay on tariff revision, the state government has resorted to unprecedented curtailment of wind and solar power projects.

NSEFI seeks liquidity fund for utilities to clear solar power dues

The lobby group has written to the Ministry of New and Renewable Energy to create a fund for providing liquidity to State Discoms and thereby clearing the dues to independent solar power producers.

Anti-dumping duty on coated steel will raise solar project costs by 2-4%: Care Ratings

India’s Directorate General of Trade Remedies (DGTR) has determined that flat steel products coated with aluminium and zinc are being dumped by manufacturers in China at dumping margins of 30-50%, South Korea (20-30%) and Vietnam (10-20%). It has proposed anti-dumping duty based on the same to offset material injury to domestic manufacturers.

“Let’s compete on quality and innovation”: Vikram Solar CFO

With India losing major solar markets to stiffer competition from cheaper products, it’s high time to change the game by playing on quality and innovation—according to Vikram Solar Chief Financial Officer Rajendra Kumar Parakh, who spoke to pv magazine on the challenge of shrinking markets before Indian solar manufacturers.

PPA revisit in Andhra Pradesh will impact solar investment: India Ratings

The high-level committee formed by Andhra Pradesh government to review and renegotiate the signed power purchase agreements with wind and solar power developers has the potential to impair the cash flows of projects in the sector.

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