With green energy tariffs achieving grid parity, the Survey also pitched for revisiting the subsidies and incentives given to the renewable energy sector. Photo: MintNew Delhi: India’s quest for low clean energy tariffs “possibly contributed” to the demands for renegotiation of the already signed power purchase agreements (PPAs), the Economic Survey said on Monday. “The discovery of very low tariffs through the auctioning process, though a welcome news, possibly contributed to some demands for renegotiation of the already signed PPAs,” the Survey said. With green energy tariffs achieving grid parity, the Survey also pitched for revisiting the subsidies and incentives given to the renewable energy sector. “Some discoms have hinted at the possibility of renegotiating the PPAs signed by them at tariffs higher than those in the recent bids.

Source: Mint January 29, 2018 12:45 UTC