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
Latest posts by The Economic Times (see all)
- Railways To Hire 2 Lakh Workers To Put Safety Back On Track – August 23, 2017
- 91 Uttar Pradesh Petrol Pumps’ Licences Cancelled – August 23, 2017
- States producing wind energy asked to ensure regulatory nod for power purchase agreements – August 23, 2017