Cement Energy and Environment

• Customs duty concessions provisions for RE parts/equipments including machinery, instruments, equipments and appliances required for initial set up of PV and solar thermal power generating units which are also exempt from central excise duty; • Liberalization of pricing and payment of technology transfer fees and trademark, brand name, and royalty payments; • Various chambers of commerce and industry associations in India can be approached for providing guidance to the investors in finding appropriate partners; • Foreign investors to set up RE-based power generation projects on build-own-operate basis; • Exemption of industrial clearance for setting up of RE industry. Indian investors • Banks, financial institutions including the Indian Renewable Energy Development Agency (IREDA) to finance for renewable power projects and equipment manufacturing; • Facilities for promotion of export oriented units for RE industry; • To avail benefits of accelerated depreciation, concessional excise , and custom duties; • To develop joint ventures with foreign investors; • Ample opportunity in manufacturing for solar PV cells , module, solar water heaters, solar thermal dishes for steam generation, solar cooking systems, biomass gasifiers, agro residue based briquetting machines, biogas generation related equipment, etc.; • Sales, marketing, and services sectors; • Capacity awareness; building • Consultancy services. i. Essential Steps for Attracting Investment in RE Sector and • Single window facilities to clear all statutory requirements for setting up manufacturing unit or the power projects; • Fast track approvals of Power Purchase Agreements (POA) • Site-wise identification of lands by the States with clear transfer/lease mechanism; • Evacuation facilities on priority at the project sites; • Timely payment of power supplied to the grid to the power producers; • Encouraging Foreign Direct Investments (FDI); • Providing loans to the investors by Indian Banks; • Long-term and stable policies. Courtesy: Akshay Urja, February 2015, Pgs-10-14 GOVERNMENT DISCONTINUES SUBSIDY SCHEME FOR GREEN ENERGY The share of solar power within the renewable energy space was 8% in FY14 and experts feel that the withdrawal of the subsidy may hamper growth. KOLKATA: The Narendra Modi government may be quite vocal when it comes to its commitment towards clean energy, but when reality bites, it is seen as taking a back seat. The tight finances have forced the government to silently discontinue one of its key subsidy schemes promoting renewable energy. The share of solar power within the renewable energy space was 8% in FY14 and experts feel that the withdrawal of the subsidy may hamper the desired growth in capacity addition in FY16. The scheme was discontinued with effect from March 1. 31