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Just days after two Indian states were forced to delay a 2.
2 GW solar tender, the federal government has given new assurances to alleviate some of the concerns of developers
.
The Minister of New and Renewable Energy, RK Singh, clarified that the tender rules will soon be amended so that future tariffs
can be passed during the tender process.
If tariffs are imposed on solar equipment after completing the tender, the developer will charge a higher tax rate
.
With developers' main concern about enforcing a 70% safeguard duty on imported solar cells, the 2.
2 GW solar tender in two Indian states received only a few hundred megawatts of tenders
.
More than 90 percent of the solar modules used in Indian projects are imported, creating a major problem
for Indian manufacturers.
While Indian Customs and Central Customs have proposed a 70 per cent temporary safeguard duty on imported solar cells, the parliamentary panel said there was no reason to impose such a liability
.
Indian developers are currently paying a 7.
5 percent import duty on solar equipment and are likely to take this
into account when bidding for projects.
However, the 70% safeguard tax completely changed the rules
.
Indian authorities are also investigating whether to impose anti-dumping duties
on imported solar panels.
The Ministry of New and Renewable Energy can make direct amendments to the tender documents for federal-level tenders and can issue advisories to the states to follow suit in their respective tenders
.
RK Singh promised to make prompt and appropriate changes to the tender documents to address the developer's concerns
.
Just days after two Indian states were forced to delay a 2.
2 GW solar tender, the federal government has given new assurances to alleviate some of the concerns of developers
.
The Minister of New and Renewable Energy, RK Singh, clarified that the tender rules will soon be amended so that future tariffs
can be passed during the tender process.
If tariffs are imposed on solar equipment after completing the tender, the developer will charge a higher tax rate
.
With developers' main concern about enforcing a 70% safeguard duty on imported solar cells, the 2.
2 GW solar tender in two Indian states received only a few hundred megawatts of tenders
.
More than 90 percent of the solar modules used in Indian projects are imported, creating a major problem
for Indian manufacturers.
While Indian Customs and Central Customs have proposed a 70 per cent temporary safeguard duty on imported solar cells, the parliamentary panel said there was no reason to impose such a liability
.
Indian developers are currently paying a 7.
5 percent import duty on solar equipment and are likely to take this
into account when bidding for projects.
However, the 70% safeguard tax completely changed the rules
.
Indian authorities are also investigating whether to impose anti-dumping duties
on imported solar panels.
The Ministry of New and Renewable Energy can make direct amendments to the tender documents for federal-level tenders and can issue advisories to the states to follow suit in their respective tenders
.
RK Singh promised to make prompt and appropriate changes to the tender documents to address the developer's concerns
.
