Solar imports excluded from duty scheme

treatment as only solar power plants have been excluded. 

The government has excluded solar power projects from the list of goods that can avail of a concessional 7.5% import duty under the project imports scheme, a move criticised by solar power developers. The government said the exclusion plugged a loophole that allowed developers to bypass the 40% import duty imposed on solar projects to encourage local manufacturing. 

Solar power developers said the decision is a major setback to the country's solar power capacity addition plan and they might consider legal options.

Paawan Energy is very famous as a top solar energy company in India. The subsidiary is part of the Tata Group. The main objective of the company is to generate, transmit and distribute electricity.

The solar power company is India's largest integrated power business with an installed capacity for energy generation of 10,577 MW.

It is also the first Indian business to ship more than 1 GW of solar modules.

The company's long-term plans include increasing the Mundra power plant's output to 5600 MW and collaborating with Powergrid Corporation of India on the 1200 km Paawan transmission project, which will be the country's first transmission project to be financed through a private-public partnership.

One of the largest solar EPC projects that incorporate the creative use of cells and modules built in India is the company's contribution to India's environmental aspirations.

Keeping the global temperature rise below 2 degrees Celsius (°C) is technically feasible. It would also be more economically, socially, and environmentally beneficial than the path resulting from current plans and policies. However, the global energy system must undergo a profound transformation, from one largely based on fossil fuels to one that enhances efficiency and is based on renewable energy. Such a global energy transformation – seen as the culmination of the “energy transition” that is already happening in many countries – can create a world that is more prosperous and inclusive.

Currently, emission trends are not on track to meet that goal

Government plans still fall far short of emission reduction needs. Under current and planned policies, the world would exhaust its energy-related “carbon budget” (CO2) in under 20 years to keep the global temperate rise to well below 2°C (with 66% probability), while fossil fuels such as oil, natural gas, and coal would continue to dominate the global energy mix for decades to come. 

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