Hon’ble Minister of MNRE addresses Stakeholders Today Morning on ALMM, BCD, Grandfathering, etc…
Hon’ble Minister – Order to ALMM will be effective only 30 days after its finalisation. All bids before that ALMM will not apply; Custom duty – any duty after bid is finalised will be grandfathered – be a pass thru as per formula given by SECI; Developers are requesting that they are exempted – but Minister forcing tariff revision applicable to all bids by general order. Minister – Pass thru should be made as automatic & easy as possible as it’s a right of the developer – will write to states also. Also an interest cost on such blocked capital should also be pass thru
– Minister – BCD from 1st Aug; If Bank refuses to fund – write to Minister and ministry will take it up with the bank chairman
– ALMM list not ready and testing of all equipment not done
– On paper manufacturing is 12-13 GW but 2-3 GW Is lower quality with lower efficiency. Additional cap of 4 GW already being set up and bid for 3 GW also being set. On cells only 2.5 GW cap right now, 3 GW bids done and looking for another 4 GW cell bids
Grandfathering by open access – may not be relevant – send a memorandum to minister and will be examined
- Minister – BCD from 1st Aug; If Bank refuses to fund – write to Minister and ministry will take it up with the bank chairman
- ALMM list not ready and testing of all equipment not done
- On paper manufacturing is 12-13 GW but 2-3 GW Is lower quality with lower efficiency. Additional cap of 4 GW already being set up and bids for 3 GW also being set. On cells only 2.5 GW cap right now, 3 GW bids done and looking for another 4 GW cell bids
- Grandfathering by open access – may not be relevant – send a memorandum to minister and will be examined
- Order to ALMM will be effective only 30 days after its finalisation. All bids before that ALMM will not apply; Custom duty – any duty after bid is finalised will be grandfathered
- Safeguard duty not relevant ,will discuss to finance minister regarding this
