The sudden imposition of the safeguard duty on solar cell and module imports from China and Malaysia has caught the domestic project developers off-guard.
However, in a positive development for the developers, considering the imposition of 25 percent safeguard duty, the National Thermal Power Corporation (NTPC) has now provided bidders until August 13, 2018, to revise and resubmit their bids for the 2 GW interstate transmission system (ISTS)-connected solar photovoltaic (PV) tender.
When contacted, an NTPC official said, “The bidders had approached us after the levy of the safeguard duty, so we have provided them with time to resubmit their bids.”
NTPC’s 2 GW ISTS-connected solar PV tender was oversubscribed three times over. Bids amounting to 6,200 MW were submitted in response to the tender. Read More