India Solar Policy : Too Little :
Too Late ?
----------------------------------------------
The Ministry of New and Renewable Energy
( MNRE ) , has released a concept note
of a proposal to build India’s manufacturing supply chain covering
poly-silicon, wafers / ingots , cells and modules, to accelerate the growth of
the solar photo-voltaic sector
{ source : Indian
solar cells and modules manufacture 'obsolete', says MNRE
http://www.thehindubusinessline.com/economy/macro-economy/indian-solar-cells-and-modules-manufacture-obsolete-says-mnre/article9995814.ece
}
Broadly speaking , this note considers :
·
Direct Financial Support ( Rs11,000
Crore )
·
Technology Up-gradation Fund ( Capital Subsidy for technology
up-gradation projects )
·
Domestic Content Requirement – DCR – Scheme ( adjudged violative by WTO
)
·
For
manufacture of Cells and Modules ,
# Modified Special Incentive
Package Scheme ( available to all electronic goods manufacturers ( there
have been few takers )
This is a case of :
·
Too Little / Too Late
·
Tinkering
·
Incremental
This way , we will never manage to add 1.5 GW of Solar Power Installations per month ( 85 GW in next 60 months , in order
to achieve 100 GW by 2022 )
To achieve this tall target , we need some OUT OF THE BOX thinking , as explained in :
=======================================================
=======================================================
Sahaj
Bijli Har Ghar Yojana
=======================================================
Tony
Seba stands vindicated !
=======================================================
How
Cheap can it get ?
=======================================================
Dear Shri
R K Singhji :
I urge you to consider these suggestions
before releasing the policy
19 Dec 2017
www.hemenparekh.in
/ blogs
Warm Regards,
Hemen Parekh
+91 98675 50808
From: Hemen Parekh
[mailto:hcp@recruitguru.com]
Sent: 14 December 2017 11:23
To: Cabinet Ministers
Cc: ssbhalla@gmail.com; bibek.debroy@gov.in; ashima@igidr.ac.in; rr1@nipfp.org.in; ratanp.watal@gov.in; ceo-niti@nic.in; cm@maharashtra.gov.in; cmbihar@nic.in; Indian Think Tanks; hcp@recruitguru.com
Subject: ONLY WAY OUT ?
Sent: 14 December 2017 11:23
To: Cabinet Ministers
Cc: ssbhalla@gmail.com; bibek.debroy@gov.in; ashima@igidr.ac.in; rr1@nipfp.org.in; ratanp.watal@gov.in; ceo-niti@nic.in; cm@maharashtra.gov.in; cmbihar@nic.in; Indian Think Tanks; hcp@recruitguru.com
Subject: ONLY WAY OUT ?
Solar Power :
GigaWatt or GigaFlop ?
=========================
Government has set a target of achieving
installed capacity of 100 GW of solar
power by 2022
Of this , by end June 2017 , we have reached 15
GW , leaving a balance of 85 GW
to be achieved by 2022
In simple terms , this would amount to
installing 85 GW in next 60 months ( 1.4 GW /
month )
During second
quarter ( June / July / Aug ) , only 2,505
MW of capacity was auctioned (
against tenders for 3,408 MW )
During third
quarter ( Sept / Oct / Nov ) , only 1,232
MW of capacity was auctioned (
against tenders for 1,456 MW )
{ Source : Mercom Capital / Times
of India / 14 Dec }
So , in past 6 months , we auctioned 3,737 MW ( 3.7
GW ) of solar power capacity ( against tenders for 4,864 MW - no idea
how much got “ installed / commissioned ! )
Whereas , to reach that 85 GW in 60 months , we should have “
installed “ , 8.5 GW in 6 months !
This trend is ominous !
But I believe , worst is in store !
Installing 1.5
GW per month requires a capital of $ 1.5
Billion ( Rs 10,000 Crore ) per month
Private sector just does not have,
either that kind of funds , or that kind
of “ Risk Appetite “
And with all the accumulated NPAs , banks are unlikely to fund ANY business
venture , where its “ Selling Prices “ are dropping at 19 %
per year !
And where , State Discoms are renegading on already signed Power Purchase
Agreements , and demanding renegotiation on lower
prices !
To know , what is the ONLY WAY OUT , read :
I hope it is not too late to copy the Indonesian Experiment !
14 Dec 2017
www.hemenparekh.in
/ blogs
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