Rating agency ICRA believes current high spot power tariffs are likely to moderate as generation from wind and hydro sources rise in June.
Due to rising prices of pet coke, coal and diesel, cement firms in India may face pressure on their profit margins in the near term, PTI reported citing ICRA report.
ICRA Ratings today said the wind power capacity addition will improve to 3 GW this fiscal, backed by project awards by Solar Energy Corporation of India (SECI) and state utilities.
Projects under Sagarmala worth INR 8000 billion put in motion, however, mobilization of funding will continue to remain a challenge: Under the Sagarmala project, the government had set ambitious targets under the four pillars – port modernization (including new port development),
The power ministry’s latest scheme for procurement of power from 2,500 Megawatt (Mw) of coal-based capacity for three years from operational coal-based projects without long-term Power Purchase Agreements (PPAs) provides only a partial relief to generators, according to ratings agency ICRA.
The possibility of resolution of issues of 60 giga watt of stressed thermal power capacity is expected to remain weak due to concerns including absence of fresh-long term power purchase agreements, unviable tariffs amidst rising fuel costs, escalation in capital costs and uncertainty on domestic gas availability feels
The possibility of resolution of issues of 60 Gigawatt of stressed thermal power capacity is expected to remain weak due to concerns including absence of fresh-long term power purchase agreements, unviable tariffs amidst rising fuel costs, escalation in capital costs and uncertainty on domestic gas availability, research and ratings agency ICRA said.
The latest amendment in the solar project bidding norms is positive for solar developers but uncertainty remains over the pending decision on safeguard duty, says a report by Icra.
The prevailing uncertainty over the quantum and timelines related to imposition of safeguards duty and anti-dumping duty on imported solar cells and modules will impact tendering activity in the solar power sector, research and ratings agency ICRA said.
The imposition of a 10 percent tariff on import of aluminium into the U.S. is unlikely to have any major impact on the current dynamics of the global aluminium industry.