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Home » Solar market » Reversal for India solar project
Reversal for India solar project
Reversal for Gujarat projects (rs.15/kwh), 100 MW reliance solar (rs 17.91), 1 MW IREDA solar pv projects (rs.18.3/kwh) showed some values on papers, but, during execution, the CAPEX was much less, which itself can amount to miss-leading the government and hence Nation. If you include the Tax loss due to the Clause of 80% of solar pv project value as the Accelerated Depreciation, it is a great loss to the Nation...
Jet Etihad deal is being reviewed, why?.. In the interest of the Nation, which was realized bit late, but, ok as we need to save this country from the evils or sharks...
Nuclear Deal MUST be reviewed due to high and unviable Decommissioning costs and additional safety costs (as indicated during Deal) are way beyond sustainability apart from hazard risks (fukushima happened after Nuclear Deal, hence, every right to say no to this deal), just to add only 2% of base load?
Bollywood actors, Jewellers, Milk product manufacturers, potato chips manufacturers, Automotive companies, Textile business owners etc all invested due to a simple fact that 80% Accelerated Depreciation to avoid paying taxes is the key (huge loss of tax collection), along with reduced CAPEX which was clear and the State government was clever is asking in writing from the Developers, who thought INDIANs can be fooled with EXIM bank low cost funding, paper claim of high CAPEX, Tax savings etc in the past will also be acceptable... But, INDIA FIRST CULTURE, if applied, with right documents in hand, in my opinion, PEOPLE FIRST shall be applied and the tariff shall be reversed.
NSM may take corrective action in due course (no choice as SPAIN did too), but, GoG can't as it has been evolving and further needs to evolve a Pro People and Good Governance in solar project award and also project execution as it believes in the Promoters at the first place. But, any mismatch seen shall be challenged for the benefit of the country as few investors can't form (dictate) a large country like INDIA.
How good is asking to increase the tariff by TATA and ADANI for coal fired power? is it not breaking of fixed tariff? The business plan of coal mine acquisition is done by the Management of this company including the promoters. If the local rules in Indonesia or Australia hamper the business, then, shareholders of these listed company shall bear and not the poor common man. Hence, if the price increase is welcome, but, price decrease is not?? Is this fair??
Make no mistake, GoG has already funded TATA NANO at 0.15% interest rate for rs. 2100 crore for 20 year term to create jobs and this will also be viewed or reviews. This means, we have money to allocate to food security bills (lakhs of crores), likewise, we can also get low cost fund from the government and we can mentor new, young, small, first time entrepreneurs to create projects with assured generation by buying the equipments from good EPC companies and sell the power at rs. 5.5/kwh with yearly cost escalation with a transparent business plan and financial number to woo small entrepreneurs with entrepreneurship funding to have stake control from the government or financial institute till the equity and debt is recovered and many entrepreneurs in each taluka are ready...and just we need a State government which believes in COUNTRY FIRST and COMMON MAN FIRST culture has to come forward and we can certainly support with sustainable action plans with Learned business model with JAIL terms for the errants too.
India needs infrastructure at low costs with low cost services with transparent business models as POLICY itself. In future, we must demand the business plan and financial numbers as appendices for the Policy and arrange low cost funding to create new set of Entrepreneurs with mentoring so that projects do not fail and the investment is returned as per the financial numbers assumed.
Jet Etihad deal is being reviewed, why?.. In the interest of the Nation, which was realized bit late, but, ok as we need to save this country from the evils or sharks...
Nuclear Deal MUST be reviewed due to high and unviable Decommissioning costs and additional safety costs (as indicated during Deal) are way beyond sustainability apart from hazard risks (fukushima happened after Nuclear Deal, hence, every right to say no to this deal), just to add only 2% of base load?
Bollywood actors, Jewellers, Milk product manufacturers, potato chips manufacturers, Automotive companies, Textile business owners etc all invested due to a simple fact that 80% Accelerated Depreciation to avoid paying taxes is the key (huge loss of tax collection), along with reduced CAPEX which was clear and the State government was clever is asking in writing from the Developers, who thought INDIANs can be fooled with EXIM bank low cost funding, paper claim of high CAPEX, Tax savings etc in the past will also be acceptable... But, INDIA FIRST CULTURE, if applied, with right documents in hand, in my opinion, PEOPLE FIRST shall be applied and the tariff shall be reversed.
NSM may take corrective action in due course (no choice as SPAIN did too), but, GoG can't as it has been evolving and further needs to evolve a Pro People and Good Governance in solar project award and also project execution as it believes in the Promoters at the first place. But, any mismatch seen shall be challenged for the benefit of the country as few investors can't form (dictate) a large country like INDIA.
How good is asking to increase the tariff by TATA and ADANI for coal fired power? is it not breaking of fixed tariff? The business plan of coal mine acquisition is done by the Management of this company including the promoters. If the local rules in Indonesia or Australia hamper the business, then, shareholders of these listed company shall bear and not the poor common man. Hence, if the price increase is welcome, but, price decrease is not?? Is this fair??
Make no mistake, GoG has already funded TATA NANO at 0.15% interest rate for rs. 2100 crore for 20 year term to create jobs and this will also be viewed or reviews. This means, we have money to allocate to food security bills (lakhs of crores), likewise, we can also get low cost fund from the government and we can mentor new, young, small, first time entrepreneurs to create projects with assured generation by buying the equipments from good EPC companies and sell the power at rs. 5.5/kwh with yearly cost escalation with a transparent business plan and financial number to woo small entrepreneurs with entrepreneurship funding to have stake control from the government or financial institute till the equity and debt is recovered and many entrepreneurs in each taluka are ready...and just we need a State government which believes in COUNTRY FIRST and COMMON MAN FIRST culture has to come forward and we can certainly support with sustainable action plans with Learned business model with JAIL terms for the errants too.
India needs infrastructure at low costs with low cost services with transparent business models as POLICY itself. In future, we must demand the business plan and financial numbers as appendices for the Policy and arrange low cost funding to create new set of Entrepreneurs with mentoring so that projects do not fail and the investment is returned as per the financial numbers assumed.