The recent announcement regarding the Amendment to the Electricity (Rights of Consumers) Rules, 2020 is a clear misdirect at the behest of discoms to embellish the real update – the reduction of the net metering cap.
“Making EVs more affordable is a positive move but policy has to also account for the ecosystem that enables EVs. Charging infrastructure development requires a significant boost in the country through government support and intelligent power technologies. If the country is to achieve its 30 per cent EV adoption target by the end of the decade, it will have to operationalize a nationwide network of accessible charging infrastructure.”
“We welcome and appreciate the Government’s announcement on the PLI Scheme. The Government has taken this step to push manufacturing in India, which is certainly the need for the country’s solar sector today.
“Vikram Solar welcomes the MNRE’s latest guidelines for the production-linked incentive (PLI) scheme, which is a great and decisive step towards making India “Aatmanirbhar”. As a domestic solar manufacturer we have high hopes from the PLI scheme as it promises to promote solar manufacturing in the country. This would solve the energy crisis, create jobs, increase investment, and bring technological innovation in the sector. It would also help India to achieve the Renewable Energy target set at the Paris Agreement well within the timeline.
“The climatic crisis is the next biggest catastrophe that the world will face in the coming years. We should start looking at implementing environmentally friendly practices at household and industrial levels to safeguard our planet.
With carriage and content separation in power distribution, we foresee carriage (wires) will continue to be owned by the government but we will foresee good number of competition on content side (units or kwh) from private players. Eventually there could be competition from carriage also.
“We have delivered a steady performance for the quarter, amidst global uncertainties. Our Railway and Civil businesses continue their growth momentum as they expand their portfolio in new and emerging segments. Despite the challenging environment, we have been successful in maintaining our profitability at the same level as the corresponding quarter. With a robust and diversified order book + L1 of around Rs 24,000 crore, we are confident of concluding the year with a good growth, despite the challenging circumstances.”
“2020 has been an unprecedented year that released massive unpredictability into the power sector. Power demand had weakened and DISCOM health turned even more delicate. Delay in project execution led to a hefty inventory buildup across the value chain. Businesses had to reconceptualize ways to keep their people safe, ensure business continuity and adapt to a rapidly evolving situation to restore demand. It seemed we had to take one day at a time and commit to making the right decisions that helped India build back better when normalcy returned.
Green stimulus programmes after the Global Financial Crisis stimulated GDP growth of between 0.1 per cent and 0.5 per cent for two years— even in the midst of a deep recession, where most countries’ GDP declined by 3 per cent to 5 per cent.
“The fact that renewable power will transition into becoming the world’s cleanest and most economical fuel is a foregone conclusion and the Adani Group intends to play a leading role in this journey. This award is yet another step in our nation’s climate change promise to the world as well as enabling our nation’s Atma Nirbhar Bharat Abhiyan (Self Reliant India Program). It is another step towards fulfilling our Group’s Nation Building vision,”
(On winning the SECI’s mega manufacturing-linked solar tender)