Delay in sourcing of PV modules from China can cause project cost and time overruns, inviting penalties for missing the commissioning date.
The state-owned engineer has specified the dimensions of the devices required and the bid window will close on Friday.
Having bagged orders for 470 chargers in pilot stage itself, Bengaluru based electric scooter startup FAE Bikes plans to aggressively expand its IOT enabled EV charging network. The chargers—costing just Rs 10,000—can be set up anywhere including small shops and homes with standard power supply.
The winning startups will receive lab-to-market incubation support at the Clean Energy International Incubation Centre (CEIIC), which has been set up by the not-for-profit platform Social Alpha with support from Government of India and Tata Trusts in Delhi.
WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.
With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.
The total QIA investment in AEML is Rs 3220 crore (US$ 452 million), which includes equity consideration of Rs 1210 crore (US$ 170 million) and shareholder subordinated debt of Rs 2010 crore (US$ 282 million).
China, Hong Kong and Vietnam are the top three nations exporting batteries to India. Chinese imports were worth $773 million in the last fiscal year with Hong Kong shipping $267 million worth and Vietnam $114 million, according to the Ministry of Commerce.
Solar cells and modules will continue to attract zero basic customs duty unless exemption notification 24/2005, dated March 1, 2005 is amended to reflect the 20% increase by Ministry of Finance, said the lobby group.
While the stake sale in solar portfolio will allow Adani to carry out its contracted pipeline efficiently, it could also mean commercial & industrial (C&I) rooftop as a growth opportunity for both the companies—according to Wood Mackenzie analysts.
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