Govt Issues Clarification on Tariff Based Bidding Process for Solar PV Projects

The move will allow solar power developers to pass on the burden of any increase in duties on solar equipment to discoms.

solar auction

The Ministry of New & Renewable Energy (MNRE) has issued a notification with respect to ‘Clarification to guidelines for the tariff based competitive bidding process for procurement of power from grid connected solar PV power projects’.

According to the clause 5.7.2 of the said guidelines, the term ‘Change in Law’ includes any change in the rates of any taxes which have a direct effect on the project.

The Ministry clarifies that, “In order to bring more clarity and remove uncertainty, it is hereby clarified that the term ‘change in the rates of any taxes’ as mentioned in clause 5.7.2 of ‘Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects’ notified on 03.08.2017, includes ‘change in rates of taxes, duties and cess’.”

The move will allow solar power developers to pass on the burden of any increase in duties on solar equipment to discoms.

It will help in reducing the solar power developers’ uncertainty up to some extent about likely impact of possible anti-dumping and safeguard duties on imported equipment.

Get more information by clicking here.

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
Manu Tayal

Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

      SUBSCRIBE NEWS LETTER
Scroll