AgenciesThe Centre’s decision to remove safeguard duty on the solar panels will make the modules cheaper by 14.1% and restart project implementation at a full speed. Solar power developers in the state said that due to the increase in prices, there was a slowdown in the implementation of the projects.
An executive member of Rajasthan Solar Association said, “Many projects were going slow because of the 30-40% hike in panel prices. Projects are bid at a certain price keeping in investments and margins. A small variation in panel prices are absorbed by the developers. But when the difference is as high as 40% in panel prices, it becomes unstainable. Hope the withdrawal of safegurad duty will expedite project implementation.”
Similarly, projects implementation suffered during the lockdown period.
An executive member of Rajasthan Solar Association said, “Many projects were going slow because of the 30-40% hike in panel prices. Projects are bid at a certain price keeping in investments and margins. A small variation in panel prices are absorbed by the developers. But when the difference is as high as 40% in panel prices, it becomes unstainable. Hope the withdrawal of safegurad duty will expedite project implementation.”
Similarly, projects implementation suffered during the lockdown period.
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