Jan 29, 2018 - H1B reform Bill seeks to expand annual quota; move may hurt Indian IT firms

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

Proposed safeguard duty on solar cells to increase tariffs to Rs 3.30/unit from lowest bid tariffs of Rs 2.44/unit
Around 3000 MW - 4000 MW of projects auctioned in 2017 to be impacted negatively.

Indian government's proposal to impose a 70% safeguard duty on solar cells and modules from China and Malaysia is likely to increase power tariffs to Rs 3.30 per kWh, an increase of 35% from the lowest bid value of Rs 2.44/kWh. The increase will have a negative impact on power producers who have signed low cost power purchase agreements and may further stall under-construction projects for which all the required solar panels were not imported. Experts believe around 3000 MW to 4000 MW of new capacity, auctioned in 2017 will be impacted due to the proposed safeguard duty as solar cells and modules account for 60% of the total project cost. Read More

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