'Safeguard duty won't endanger India's clean energy mission'
24 Jan 2018 5:18 PM GMT
New Delhi: Allaying fears over adverse impact of proposed safeguard duty on solar equipment, Power and New & Renewable Minister R K Singh said that nothing can jeopardise India's renewable energy target of 175 GW by 2022.
The minister has also assured that the projects already bid out before implementation of the proposed duty would not be affected during the installation phase.
Besides, he also expressed hope that the government would bring out policy for boosting domestic solar equipment manufacturing with higher financial assistance than proposed Rs 11,000 crore.
"Nothing will be done which will jeopardise achievement of the target set by the Prime Minister for establishing the 175 GW renewable energy... but as far as this (safeguard duty) is concerned, we are going to have discussions," Singh told reporters on the sidelines of the a conference here.
Elaborating further the minister said, "The duty regime which prevails at the time of bid will be duty regime for entire installation. The duty would be for new projects if at all imposed. Both are questions, whether it would be imposed and what is the quantum (of duty)."
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