To ensure stricter UDAY-target compliance by discoms, the government will mandate via a new law that their losses due to pilferage/theft exceeding 15 percent can’t be considered for tariff determination.
Existing solar energy projects and bidders for new ones must be insulated from the uncertainty of antidumping duties on import of cheap cells and modules to keep their cost calculations intact, minister of power, new and renewable energy RK Singh said.
A few hiccups notwithstanding, India’s renewable energy sector seems poised for massive growth in the next four years. India is confident it will exceed its renewable energy target of 175 GW by 2022 as it plans to award 100 GW of solar and wind contracts by 2020 and surpass 200 GW by 2022 according to the power ministry.
Renewable energy minister Raj Kumar Singh has complained to finance minister Arun Jaitley that customs officials are demanding duty on imported solar equipment, which has led to ports getting jammed with shipments and jeopardised the prime minister’s flagship programme of accelerating renewable energy projects.
Prepaid and smart meters are going to get greater thrust from the government as India moves towards the target of achieving universal household electrification as part of the Saubhagya scheme by end of next year.