The Ministry of Power has directed the state governments and the governments of union territories (UT) to provide relaxation in performance security

Ministry Asks States to Relax Performance and Bid Security for Power Project Bids

The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements for power project bids. It has ...
/ / Markets & Policy, Solar
Five More States Become Eligible for Power Sector's Reform-Linked Borrowings

Five More States Become Eligible for Power Sector’s Reform-Linked Borrowings

Reform-linked borrowings have provided the necessary impetus for reforms in the power sector in many states in the country. According to the latest figures released by the Ministry of Finance, ...
/ / AT&C, Grid
MNRE Stops Processing Concessional Customs Duty Certificates for Solar Projects

MNRE Stops Processing Concessional Customs Duty Certificates for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has stopped processing all applications seeking concessional customs duty certificates for setting up solar power projects from February 2, 2021. The move ...
DGTR Imposes Countervailing Duty of 9.71% on Solar Glass Imports from Malaysia

DGTR Imposes Countervailing Duty of 9.71% on Solar Glass Imports from Malaysia

The Directorate General of Trade Remedies (DGTR), Ministry of Commerce and Industry, has imposed a countervailing duty at 9.71% of the cost, insurance, and freight (CIF) value for five years ...
/ / Manufacturing, Solar
PGCIL Reduces Bank Guarantee for its Power Transmission Projects from 10% to 3%

PGCIL Reduces Bank Guarantee for its Power Transmission Projects from 10% to 3%

The Power Grid Corporation of India Limited (PGCIL), a government-owned company engaged mainly in the transmission of Power, has issued new performance security guidelines. According to the existing guidelines, the ...
/ / Grid, Market & Policy
MNRE Asks Solar Manufacturers for List of Goods for Exemption from Basic Customs Duty

MNRE Asks Solar Manufacturers for List of Goods for Exemption from Basic Customs Duty

The Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers and associations to provide the list of machinery and capital goods required for the ...
/ / Markets & Policy, Solar
MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

MNRE Clarifies Stand on Releasing Performance Bank Guarantees to Solar Developers

The Ministry of New and Renewable Energy (MNRE) has clarified its stand on the release of performance bank guarantees (PBGs) to developers. The government earlier announced that the supply chain ...
India Extends Imposition of Safeguard Duty on Solar Imports by Another Year

India Extends Imposition of Safeguard Duty on Solar Imports by Another Year

The Department of Revenue under the Ministry of Finance (MoF) has issued a notification imposing safeguard duty (SGD) on the import of solar cells and modules to India for another ...
Power Generators Get More Time to File Tariff Petitions Amid COVID-19 Outbreak

Power Generators Get More Time to File Tariff Petitions Amid COVID-19 Outbreak

The Central Electricity Regulatory Commission (CERC) is allowing additional time for the power generators to file tariff petitions as refipef from the disruption caused bo the Coronavirus pandemic. The Commission ...
Madhya Pradesh Asks Ministry of Power Not to Take Action for Payment Delays

Madhya Pradesh Asks Ministry of Power Not to Take Action for Payment Delays

The Coronavirus outbreak has created an unprecedented situation with the country in a state of complete lockdown declared by the National Disaster Management Authority (NDMA) from March 24, 2020, to ...
/ / Grid, Market & Policy
Staff at Renewable Generating Stations Allowed to Work During COVID-19 Lockdown

Staff at Renewable Generating Stations Allowed to Work During COVID-19 Lockdown

According to the order issued by the Ministry of Home Affairs, all offices of the government of India, its autonomous and subordinate offices, and pubic corporations will remain closed except ...
/ / Markets & Policy, Other
Renewable Supply Chain Disruption Due to Coronavirus to Be Treated As Force Majeure

Renewable Supply Chain Disruption Due to Coronavirus to Be Treated As Force Majeure

Considering the adverse impact of the Coronavirus pandemic on the global economy, the Ministry of New and Renewable Energy (MNRE) has issued an official memorandum which states that the time ...
/ / Other, Renewable Energy
Coronavirus to be Covered Under Force Majeure Clause, Says Ministry of Finance

Coronavirus to be Covered Under Force Majeure Clause, Says Ministry of Finance

Amid the increasing doubt on the supply chains due to the spread of deadly coronavirus in China, the Ministry of Finance (Department of Expenditure Procurement Policy Division) has issued a ...
/ / Markets & Policy, Solar
MNRE Asks Solar Manufacturers to List Items for Basic Customs Duty Exemption

MNRE Asks Solar Manufacturers to List Items for Basic Customs Duty Exemption

Amid ongoing confusion in the solar industry over the imposition of basic customs duty, the Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers ...
/ / Markets & Policy, Solar
MNRE Takes Stock of Insurance Products in Domestic Solar Market

MNRE Takes Stock of Insurance Products in Domestic Solar Market

The Ministry of New and Renewable Energy (MNRE) has issued a circular stating it has held talks with the Department of Financial Services, Ministry of Finance, and the Insurance Regulatory ...
/ / Markets & Policy, Solar
Madhya Pradesh Proposes EV Charging Tariff of ₹6 and ₹5.90 for LT and HT consumers

Ministry of Finance Gets 15 EVs, 28 Charging Stations Installed in Delhi’s North Block

The Energy Efficiency Services Limited (EESL) has signed an agreement to deliver 15 electric vehicles (EVs) to the Department of Economic Affairs that comes under the Ministry of Finance. With ...
Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

It has been almost 6 months since the imposition of safeguard duty on solar imports to India. However, the industry is still clamoring for clarity amid a plethora of problems ...
GST Rate 5% or 18%? Solar Sector Continues to Live with Uncertainty

GST Rate 5% or 18%? Solar Sector Continues to Live with Uncertainty

Passed on 1st July 2017, India’s Goods and Services Tax (GST) is an indirect tax imposed on goods and services, and replaces existing state and central taxes of a similar ...
/ / Markets & Policy, Solar
Supreme Court Allows Government to Levy 25% Safeguard Duty on Solar Imports

Supreme Court Allows Government to Levy 25% Safeguard Duty on Solar Imports

India will soon begin with the imposition of safeguard duty on solar cells and modules which had been put on hold by the government. In a significant order, the Supreme ...
/ / Markets & Policy, Solar
SECI, Solar, PV, Grid-Connected, Standalone

Orissa High Court Sets Next Hearing for Solar Safeguard Duty Case on August 27, 2018

The Orissa High Court today heard the petition filed against the levy of safeguard duty and fixed August 27, 2018, as the next date of hearing for the case. When ...
/ / Markets & Policy, Solar
No Safeguard Duty on Solar Imports for Now, Says Ministry of Finance

No Safeguard Duty on Solar Imports for Now, Says Ministry of Finance

Considering the recent stay order put in force by the Orissa on the safeguard duty notification, the Ministry of Finance has now announced that the government will, for the time ...
FAME India II Likely to Have ₹40 Billion as Subsidy for EVs and Charging Infrastructure

FAME India II Likely to Have ₹40 Billion Subsidy Outlay for EVs & Charging Infrastructure

The Ministry of Finance is expected to approve a corpus of ₹40 billion (~$0.58 billion) as subsidy to be disbursed under the second phase of Faster Adoption and Manufacturing of ...
The United States Exempts Bifacial Solar Modules from Safeguard Duty of 25%

India Imposes 25% Safeguard Duty on Imported Solar Panels from China and Malaysia

The government  has levied safeguard duty of 25 percent on solar imports from China and Malaysia. The Ministry of Finance (Department of Revenue) levied the duty based on the final recommendations ...
Renewable Energy Development

ISA and EBRD Enter Partnership to Support Renewable Energy Development

The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed a joint financial partnership declaration that deepens their cooperation in support of renewable energy ...
/ / Markets & Policy, Solar
Govt. of India NTPC 5% Stake

Investors Get to Participate in India Solar Story with Government Sale of 5 Percent Stake in NTPC

The Government of India is selling a five percent stake in the National Thermal Power Corporation (NTPC), a state-owned public utility, and the largest power utility in India, for $1.03 ...
/ / Finance and M&A, Solar