sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing
 Taxman should move towards limited scrutiny
  Government likely to withdraw tax notice on free banking services
 GST Council may bring natural gas, aviation turbine fuel under its purview at next meeting
 IT department cautions TDS deductors against quarterly filing default
 The notification said start-ups approved by an inter-ministerial panel are exempted from the tax which is levied on firms issuing shares to investors above their fair value, treating it as income from other sources
 Why you need to sort out your tax-residency status
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004

ICRA expects 15% annual growth in wind energy capacity addition
January, 11th 2012

ICRA expects wind energy capacity to clock annual growth of 15% in 2012-13 and beyond, driven by growing demand from independent power producer (IPP) segment.

The rating agency pegs the wind energy capacity addition in 2011-12 at around 2,800 megawatts as against 2,350 mw added a year ago.

"The commencement of trading of renewable energy certificates (REC) on power exchanges since March 2011 as well as long-term certainty over the floor/cap pricing mechanism of REC are key positive developments for the renewable energy sector," ICRA said in a statement on Tuesday.

Also rising cost of conventional energy sources and persistent domestic fuel shortages would make wind energy more cost-competitive.

"The share of the IPP segment in the overall installations remained muted in the past but improved to about 20% in FY 2011. ICRA expects the share to increase to about 40-50% over the period of next three year period," the rating agency said.

The increase in the share of IPPs can be attributed to larger project size undertaken by them, ranging above 50 mw. Also, the share of retail and corporate investors is likely to reduce when the accelerated depreciation benefit available to them goes away after the implementation of the Direct Tax Code.

"The new wind-based projects/IPPs are likely to prefer the REC route against the preferential tariff route, and within the REC route, many IPPs would prefer to sign their power purchase agreements (PPAs) with discoms at their average power purchase cost instead of selling on merchant/short-term basis," Sabyasachi Majumdar, senior vice president and co-head corporate sector ratings, was quoted as saying in the ICRA statement.

"This is due to open-access and banking facility constraints and volatility in merchant tariffs, although the merchant option under the REC route is the most remunerative option available", he added.

Although ICRA maintains a favourable long-term demand outlook for wind energy sector aided by regulatory and fiscal support, it says that capacity addition could be affected by weak financial position of state utilities. Also implementation of renewable energy portfolio obligation norms and strengthening of the intra-state transmission network would also impact the capacity addition.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions