Govt mulls pass-through in power tariff to awarded projects before duty rollout
New Delhi: To help protect solar project developers, India plans to allow a pass through in power tariffs for awarded projects before the basic customs duty (BCD) on imported solar cells, modules and inverters is imposed from 1 August, said two people aware of the development.
While this may increase the electricity tariffs, it is being done to help facilitate developers setting up these projects and maintain the country’s clean energy trajectory as India tightens its economic squeeze on China.
Power and renewable energy minister Raj Kumar Singh had earlier said that an Indian is willing to pay more for power, provided the equipment is made in India.
