Sat, Jul 22, 2017 | updated 12:44 AM IST

Solar sector needs new debt instruments to bring down cost of capital, says Rajya Ghei

Updated: Sep 25, 2016 11:16 IST      
Solar sector needs new debt instruments to bring down cost of capital, says Rajya Ghei

New Delhi [India], Sep 25 (ANI): The Regulators and Policymakers Retreat (RPR) hosted by IPPAI with an overarching theme of 'India meeting the Aspiration' focused on the 360 degrees of the Indian power sector, both the challenges and its solutions.

Eminent panelists like Rajya wardhan Ghei, CEO, Domestic Solar Hindustan Power; Kasi Viswanathan Director, Solon GmbH; Monika Rathi, Head - Business Development Products, Mahindra Susten with the moderator Parag Sharma, COO ReNew Wind Power, debated various points that were impeding the growth of Renewables in India.

Rajya W Ghei, CEO, Hindustan Clean Energy Ltd, said that that there is an urgent need to bring in new debt instruments to reduce the cost of raising capital for setting up solar projects.

The Government has set an ambitious renewable energy target of 175 GW by 2022, of which 100 GW is for solar power.

According to Ghei, while this is an ambitious target, it is still achievable. Further, the tariffs have been falling year on year basis and have now becoming competitive to conventional power and this has brought in lot of acceptance from the discoms.

There has been a delay and reluctance on behalf of states in signing the Purchase Power Agreements (PPAs) which is a cause of concern for the developers.

"Today the power sector is in a state of flux. While the Government has been taking various proactive steps, there are still issues that need to be addressed. Through this conference, we have tried to bring all stakeholders under one roof to deliberate and chalk out a roadmap to make the entire power ecosystem in sync with each other. We are hopeful that through this conference, we would be able to examine the key challenges and discuss possible solutions which can be beneficial to the nation," said Director General IPPAI, Harry Dhaul.

According to Parag Sharma, COO, ReNew Wind Power Pvt. Ltd., who was the moderator of the session, "There has been lot of positives as far as development of renewable power in India is concerned. However, questions need to be asked if the ambitious target of 175 GW by 2022 is possible and how. It is important to address concerns of all stakeholders- developers, sellers as well as regulators." (ANI)

Return on PMVVY scheme exempted from GST: Jaitley

Updated: Jul 21, 2017 20:18 IST     

New Delhi [India], July 21 (ANI): Union Finance Minister Arun Jaitley on Friday said that rate of return being provided to senior citizens under the Life Insurance Corporation of India's (LIC) new scheme will be exempted under the new Goods and Services Tax (GST) regime, and will be free from fluctuation, thus ensuring more stability to the aged.

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New Delhi [India], July 21 (ANI): Bank of Baroda on Friday announced entering into a Memorandum of Understanding (MoU) with the Directorate General of Supplies and Disposal (DGS&D) for extending various banking services to the Government e-Marketplace (GeM) initiative.

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Mercedes-Benz India launches new AMG GLC 43 4MATIC Coupe

Updated: Jul 21, 2017 17:34 IST     

New Delhi [India], July 21 (ANI): Commemorating the completion of 50 years of its performance brand-AMG, luxury car maker Mercedes-Benz India on Friday launched the all new Mercedes-AMG GLC 43 4MATIC Coupe, an SUV Coupe which embodies superlative driving performance and agility.

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Uber launches UPI-linked payment services on Android

Updated: Jul 21, 2017 17:34 IST     

New Delhi [India], July 21 (ANI): Taxi aggregator Uber on Thursday announced third payment option for their Android app users, apart from cash, e-wallet and credit/debit card with the integration of the Unified Payment Interface (UPI) payments platform.

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New Delhi [India], July 21 (ANI): While addressing shareholders at 40th annual general meeting (AGM) of Reliance Industries Chairman Mukesh Ambani announced a bonus issue of 1:1, which means that shareholders will get one bonus share for every one share held by an investor.

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New Delhi [India], July 21 (ANI-NewsVoir): EO Gurgaon organised conversation with Vikram Oberoi, the third generation scion of India's best-known luxury hospitality chain. He is the most successful purveyor of luxury hospitality in the country. Over the 10 years, when he stepped into a mainstream management role as General Manager of the Oberoi Rajvilas in Jaipur, he has relentlessly focused on quality and succeeded.

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New Delhi [India], July 21 (ANI): Government think-tank NITI Aayog on Friday approved investments worth Rs. 18,000 crore for high-speed rail projects for major routes of Delhi-Mumbai and Delhi-Kolkata, Union Minister for Railways Suresh Prabhu said at an ASSOCHAM event here today.

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ShopClues appoints Deepak Sharma as new CFO

Updated: Jul 21, 2017 15:23 IST     

New Delhi [India], July 21 (ANI): India's first and largest managed online marketplace ShopClues on Friday announced appointment of Deepak Sharma as CFO.

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Mumbai (Maharashtra) [India], July 21 (ANI): Reliance Industries Chairman and Managing Director (CMD) Mukesh Ambani on Friday launched its VoLTE feature phone, JioPhone, in India at an 'effective price' of Rs 0.

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New Delhi [India], July 20 (ANI): Paytm now enables customers to get their cashback as Paytm Gold. This will combine the spending and saving experience with an asset that is close to the hearts of Indians.

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Reliance Industries announces Q1 profit at Rs. 9108 crore

Updated: Jul 20, 2017 18:46 IST     

New Delhi [India], July 20 (ANI): Reliance Industries' on Thursday announced its earnings with a consolidated profit at Rs. 9,108 crore, partly driven by one-time gain of Rs. 1,087 crore.

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New Delhi [India], July 20 (ANI-NewsVoir): Created with an objective to deliver striking blow to counterfeiting, LetsVeriFy, an innovative and cutting-edge application by ThinkCurve is witnessing a high growth in popularity amongst customers and manufacturers in India.

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New Delhi [India], July 20 (ANI-NewsVoir): Preethi Kitchen Appliances, an inseparable brand of any Indian kitchen, entered Global Book of World Records, Asia Book of Records and India Book of Records recently for the demonstration of its mixer grinder's grinding prowess by organising the Longest Mixer Grinder Grinding Marathon-the first brand across the globe to achieve such a feat.

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New Delhi [India], July 20 (ANI-BusinessWireIndia): Been into the news since its inception, Applancer has become a renowned name in IT industry. After continuous enhancements, Applancer has become world's first decentralized software development outsourcing platform. We all are pretty aware that mobile apps are ruling the digital industry currently.

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Voonik TV brings Video Commerce to India

Updated: Jul 20, 2017 15:36 IST     

New Delhi [India], July 20 (ANI): India's leading personalization-based fashion marketplace Voonik has announced the launch of Voonik TV, where one can watch exciting short-form videos and shop from them, all within the Voonik App.

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Ducati launches the all new Scrambler Desert Sled in India

Updated: Jul 20, 2017 15:28 IST     

New Delhi [India], July 20 (ANI): Ducati India on Thursday announced the launch of the Scrambler Desert Sled. Drawing its inspiration from the off-road bikes of the '60s and '70s that made US motorcycling history in the mountains and deserts of California, the Scrambler Desert Sled offers a unique incomparable style.

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New Delhi [India], July 20 (ANI-NewsVoir): ALE, operating under the Alcatel-Lucent Enterprise brand, today announced it is working with PGi, the world's largest dedicated provider of collaboration solutions, to deliver integrated high-definition (HD) audio conferencing for its collaborative communications platform, Rainbow.

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Revival of holistic Ayurveda in post-pregnancy treatments

Updated: Jul 20, 2017 13:31 IST     

New Delhi [India], July 20 (ANI-NewsVoir): Soothika, a Global Prodice brand in Maternal and New Born Baby Care, recognized by the Government of India under Startup India programme (DIPP:1917) and seed funded by KSIDC (Kerala State Industrial Development Corporation) is providing Holistic Pregnancy Care to both the mother and the child by offering Ayurvedic products to heal the post pregnancy problems.

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New Delhi [India], July 20 (ANI-NewsVoir): Federation of Indian Chambers of Commerce & Industry (FICCI) in association with The New India Assurance Company Limited (NIA), Besso Limited (London Insurance Brokers) and JB Boda Reinsurance Brokers Pvt. Ltd. (JBBRIB), Mumbai today launched an Insurance Policy on ATA Carnet for the benefit of Start-Ups and Small & Medium Enterprises (SMEs) in India.

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Cabinet for tax agreement between India, BRICS nations

Updated: Jul 19, 2017 22:33 IST     

New Delhi [India], July 19 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Cooperation (MoC) with respect to tax matters between India and the revenue administrations of the BRICS countries, namely, Brazil, Russian Federation, China and South Africa.

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