ReGen Powertech Pvt., one of India’s top five wind turbine makers, last month shuttered a factory at Udaipur in Rajasthan and laid off workers, signalling challenges roiling the nation’s wind turbine manufacturers as they adjust to an auction system that’s throwing into doubt how much wind energy gets built.
“We all have extra capacity so it was a good decision to restructure to stay lean,” Madhusudan Khemka, managing director at ReGen Powertech, said in a phone interview. “We will only operate from the 1-gigawatt factory in the state of Andhra Pradesh and have reduced staff strength to 1,300 employees from 1,700 and are still at it.”
At the center of the issue is the government’s decision earlier this year to introduce competitive bidding for wind projects instead of offering a feed-in-tariff. That’s creating uncertainty in the industry, with developers and industry representatives saying the government has been slow to release capacity. Read More…
Latest posts by Livemint (see all)
- France’s Total drops out of HPCL’s second LPG cavern project - August 22, 2019
- State electricity discoms won’t get free power, says RK Singh - August 21, 2019
- Andhra govt softens stand on power purchase agreements signed TDP: R K Singh - August 21, 2019