Govt mulling payment security mechanism to tackle solar power dues


Govt mulling payment security mechanism to tackle solar power dues

Power and new and renewable energy minister R K Singh today said the government is building a payment security mechanism under Solar Energy Corporation of India (SECI) to tackle the issues of delayed payment for solar power developers.

“Even if there is a disruption somewhere, we will ensure the payments will be made. For ensuring that the payments will happen on time we are coming up with some policy changes,” the minister said in a press briefing today.

A recent report by a consultancy firm had said that discoms in Andhra Pradesh, Telangana, and Karnataka owe NTPC Rs 18.84 billion ($262.6 million) in dues for solar power supplied by projects under the National Solar Mission.

Singh said that the government is confident of achieving the 175 Gw target for green energy capacity by 2022. “We are not rigid about the energy mix. Read More

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