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-Basant Jain, CEO, Mahindra Susten Private Limited

Basant Jain, CEO, Mahindra Susten

  The RPO will make it imperative for discoms and industries to go for solar energy for their power needs since under the policy 8 per cent of the electricity consumption will be from solar by March 2022. The discoms will be required to either buy certain proportion of their purchases from renewable sources or buy RPO certificates. Similarly, the RGO obligation will mandate the generating companies to invest in solar energy and bundle it with their conventional power production. The inter-state transmission and wheeling charges have been removed which will be a huge impetus for investment in solar rich regions in India, as they are selling power under open access across states.
The impact of uncertainties in market and taxation has been removed, as all the changes in duties, levies cess etc. will be passed through, in competitive bidding process. This will augment the investment by international bidders, as the risks associated with these uncertainties have been negated.

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