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Indian Renewable Energy Industry 2015 Aarkstore

1127 words - 5 pages

 Indian Renewable Energy Industry 2015
Category : Renewable Energy
Price : PDF $ 1300

EXECUTIVE SUMMARY:
India is the fourth largest importer of oil and the sixth largest importer of petroleum products and LNG globally. The increased use of indigenous renewable resources is expected to reduce India’s dependence on expensive imported fossil fuels. The government is playing an active role in promoting the adoption of renewable energy resources by offering various incentives, such as generation- based incentives (GBIs), capital and interest subsidies, viability gap funding, concessional finance, fiscal ...view middle of the document...

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KEY PROVISIONS IN BUDGET 2014-15:
- Allocation of INR 5 Billion towards the proposed ultra-mega solar power projects in Rajasthan, Gujarat, Tamil Nadu and Ladakh in J&K which includes an allocation of INR 4 Billion for launching a scheme for solar power driven agricultural pump sets and water pumping stations for energizing 100,000 pumps and a future allocation of INR 1 Billion for the development of 1 MW solar parks on the banks of canals.
- Excise duty is being reduced from 12% to NIL on forged steel rings used in the manufacture of bearings of wind-operated electricity generators.
- Full exemption from excise duty is being provided for solar tempered glass used in the manufacture of solar photovoltaic cells/modules, solar power generating equipment/system and flat plate solar collectors.
- Full exemption from excise duty is being granted in respect of machinery, equipments etc. required for setting up of solar energy production projects. Full exemption from excise duty is being provided to backsheet and EVA sheet used in the manufacture of photovoltaic cells/modules and specified raw materials used in their manufacture.
- Full exemption from excise duty is being provided to parts consumed within the factory of production for the manufacture of non-conventional energy devices.
- Full exemption from excise duty is being provided on flat copper wire used in the manufacture of PV ribbons (timed copper interconnect) for use in the manufacture of solar cells/modules.
- Full exemption from excise duty is being provided on machinery, equipment etc. required for the setting up of compressed biogas plants (Bio-CNG).
- Basic customs duty is being reduced from 10% to 5% on forged steel rings used in the manufacture of bearings of wind-operated electricity generators.
- Full exemption from SAD is being provided on parts and components required for the manufacture of wind-operated electricity generators.
- Basic customs duty on machinery, equipments etc. required for the setting up of solar energy production projects is being reduced to 5%.
- Full exemption from basic customs duty is being provided on specified raw materials used in the manufacture of solar back sheet and EVA sheet.
- Full exemption from basic customs duty is being provided on flat copper wire used in the manufacture of PV ribbons (timed copper interconnect) for solar PV cells/modules.
- Concessional customs duty of 5% is being provided on machinery, equipment etc. required for the setting up of compressed biogas plants.

INCENTIVES OFFERED BY THE GOVERNMENT FOR THE DEVELOPMENT OF THE SOLAR ENERGY SECTOR INCLUDE:

- Exemption from excise duties and concession on import duties on...

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