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Gujarat Electricity Regulatory Commission revises solar power tariff

Gujarat Electricity Regulatory Commission (GERC) has revised solar power tariff and thermal power tariff as Rs.14 for solar power per unit and Rs.10 for thermal power generation. The tariff will be valid for the first twelve years of operation from the commissioning of the unit and it will be Rs.4 per unit after the 13th year to 25th year. It has asked for comments and views from stakeholders and a final decision will be taken in due course. According to experts, cost of generating solar power systems will be in the range of Rs.13 to Rs.18 depending upon the location and technology.

Solar Power Industry attracts more players

According to industry sources, more player are foraying into solar power now . Solar Semiconductor (Rs 11,821 crore), Reliance Industries (Rs 11,631 crore), Moser Baer PV Technologies (Rs 6,000 crore), Signet Solar (Rs 9,672 crore), Titan Energy Systems (Rs 5,880 crore), KSK Energy Ventures (Rs 3,211 crore) and Tata BP Solar India (Rs 1,693 crore) are some of the projects that are happening now. Besides this, the government has received similar applications from companies such as EPV Solar, Vavasi Telegence and Lanco Solar.

Indian Solar Power players brings focus on domestic market

India’s Rs 4,800-crore solar power industry, which exports around 60 to 70 per cent of its wares to Europe, North America and China is bringing its focus on domestic market. India, where most regions enjoy nearly 300 sunny days a year, is an ideal market for solar power companies. However, the high cost of light-to-electricity conversion prohibits many. It costs around — at Rs 12 to Rs 20 per kWh (kilowatt-hour). Currently, India has around 60 companies assembling and supplying solar photovoltaic systems, nine companies manufacturing solar cells and 19 companies manufacturing photovoltaic modules or panels. Central Govt also has recently approved 12 proposals under the Special Incentives Package Scheme (SIPS). Under this scheme, the government provides an incentive of 20 per cent of the capital expenditure during the first 10 years to a unit located in a special economic zone (SEZ). Units based outside get a 25 per cent incentive. Incentives could be in the form of capital subsidy or equity participation.

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