India has added 9.7GW of power generation capacity this fiscal till Feb end
India has added 9.7GW of power generation capacity this financial year until the 28th of February. Of the 9.7GW, 3.8GW was conventional energy capacity while 5.9GW was renewable energy capacity. This was intimated to the Rajya Sabha in a written reply by Power and New & Renewable Energy Minister R K Singh.
Comparatively, India had added 15.8GW of generation capacity, of which 7.1GW was conventional sources and 8.8 was renewable sources, in fiscal 2019-20.
Solar tariffs could rise up to 40-45p/unit on the addition of customs duty
The tariffs for solar power could rise by 25-45 paise per unit (kWh) due to the Basic Customs Duty (BCD) that is about to be imposed on imported solar cells and modules, according to CARE Rating.
Solar power prices could rise between 25-30 paise per unit if only cells are imported, while the cost will further increase to 40-45 paise more if modules are imported.