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
Latest posts by mercomindia.com (see all)
- ADB to Invest $155 Million in B.Grimm Power’s Green Bonds for Solar Projects in Thailand - December 13, 2018
- GCF Pledges $27 Million to Install Solar Mini Grids For 100 Villages In Burkina Faso - December 13, 2018
- World Bank and AFD to Launch Solar Risk Mitigation Initiative in Emerging Economies - December 13, 2018