The government may be pushing for aggressive expansion in renewable energy capacity, but companies face delays in payments, which are sometimes as much as a year, from state-run power distribution companies, said Rahul Shah, chief executive officer and executive director of Tata Power Renewable Energy.
The renewable energy arm of Tata group’s power utility Tata Power Company, which runs over 2,000 mw of renewable energy capacity and has another 500 mw under construction, is bullish on the sector and aims to derive 30%-40% of its total generation from renewable sources by 2025. But the sector’s exponential growth in the past few years has thrown some challenges that need to be addressed soon, Shah said. Read More…
Credit By: The Economic Times
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