“Stressed assets remain a key concern for power sector in India. Out of the 24 stressed projects having capacity of 41.81 GW, 8,300 MWs are without any power purchase agreements (PPA), 9500 MW capacity are having partial PPAs.
Apex industry body ASSOCHAM has urged the Centre to fix Goods and Services Tax (GST) rates for hydropower at par with wind and solar so that value added cost and tax are commensurate for all renewable power projects.
Industry body Assocham has urged the Centre to fix Goods and Services Tax (GST)rate for hydropower at par with wind and solar so that value added cost and tax commensurate for all renewable power projects.
In the wake of some distribution companies dishonouring their power purchase agreements, the power ministry plans to “codify laws” so that such pacts are honoured,including stricter penalties for delinquencies, the government said.
Commerce and Industry Minister Suresh Prabhu will hold a meeting with industry bodies on September 26 to discuss issues pertaining to industrial growth and the interventions required to resolve them, a government official said.
As per the latest policy changes incorporated in June this year, the shipyards, to which the contract is awarded are required to furnish performance cum Warranty Bank Guarantee (PWBG) of 10 percent of the value of the contract.