The government’s first tender for 3Gw of solar panel manufacturing, along with 10Gw of power plant, has received no bids. The tender was first issued in May this year and extended several times owing to resistance from the industry over tender specifications.
Officials in the Solar Energy Corporation of India (SECI) — the nodal agency for renewable project tenders said the deadline has been extended “at the request of the industry.” He further said that there is no case of failure of tender, as 15 days have been offered to the companies for submitting their bids.
Sources said major players shied away from this bid, citing that there is no funding push from the Centre, which reduces the viability of solar manufacturing in the country. “Governments across the globe, including China, support solar manufacturing through subsidy. In India, there is market uncertainty due to high import coupled with high interest and capital cost,” said a sector executive. Read more
Latest posts by Business-Standard.com (see all)
- Kashmir to get additional 100 MW power - January 19, 2019
- Bangladesh bound Bhutanese coal stranded in India following SC order - January 18, 2019
- Oil prices set for third weekly increase on OPEC curbs, demand hopes - January 18, 2019