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Pushed by factors like declining tariffs and higher costs, significant changes have happened over the past decade in the engineering, procurement and construction (EPC) sector pertaining to the solar power industry, says Sunil Rathi, Director, Waaree Energies.

The share of hydroelectric segment in the energy basket is a matter of concern. Hydropower stakeholders demand concentrated efforts from the government in terms of policy and incentives to enhance capacity addition.

Last year was challenging as the wind industry witnessed slowdown due to the transition from feed-in tariff (FiT) to competitive bidding. This impacted margins and created temporary uncertainty in terms of volumes.

The government's thrust in the last couple of years has been on renewables, and India has done quite well in strengthening this portfolio, especially in solar power.

It is a tough question to answer. At present we, from the hydropower fraternity, have requested the Government of India to come up with a new hydropower policy.

Although India's current power generation landscape is largely dominated by coal-based generation, the government recognises the need to reduce high dependency on coal, given the impact on the environment and our INDC commitments.

India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.

The state governments in aggregate were expected to revert to well below 3 per cent fiscal deficit in financial year 2018, anal, analysts say they may not have.