The Powernomics of GST
Finally, Goods and Services Tax (GST) has arrived on July 1, 2017, and the first batch of filing of monthly returns is underway in August 2017. Like any other changeover, GST is also facing its initial pangs.
The Indian pump industry is growing at an annual CAGR of ~10 per cent - which is higher than the international CAGR average of ~6 per cent - due to the surge in infrastructure development, growth in agriculture and other water intensive industries.
The Union Budget is full of sops for solar - in terms of investment, village electrification and taxes. But, it calls for building renewable power compatible T&D infrastructure on a war footing.
Budgeting in Disruptive Times
We do live in unusual times, where some of us may be justifiably inclined to call them disruptive times. Technologically, we may be close to achieving disruptions in IoT and AI; but politically, 2016 has been a year of black swans, what with BREXIT, US elections, and back home in India we see the curious case of an economy purportedly growing at the fastest clip in the world, but failing to create jobs.
The Long Shot
Wind energy has been identified as a potential response to India´s crucial power challenges since the 1990s. The sector has undergone a major shift in India, and even after a good 25 years, we still await the full potential of this renewable source to be realised.
Dubai Witnesses World´s Biggest Power Event
Low oil prices have failed to dent the global power industrys confidence in the region, and the record-breaking 2016 edition of MEE validates the opportunities in the regions power markets despite the low oil price environment.
Slowdown in generation had positive impact on DG sets
DG sets are predominantly used as stand-by power solutions as backup against main electricity board power failures, as such the solar power availability has not had any direct impact on the demand for DG sets
Suzlon bags 105-MW contracts from SMEs, PSUs
Wind turbine manufacturer Suzlon today said it has bagged contracts from SMEs and public sector undertakings (PSU) to supply 50 turbines of 2.1 MW each in various parts of the country.