Centre drops interstate supply charges on solar power projects

Move aims to keep solar power affordable

by Charlene Samuel

The ministry of power decided to exempt solar power projects from interstate transmission charges till 31 December 2019. This decision, taken in consultation with the ministry of new and renewable energy and other stakeholders, aims to keep solar power as affordable as thermal power.

Imposition of interstate charges would have increased the cost of procuring solar power from another state by Rs.1-2.5 per kilo watt hour (kWh). The magnitude of increase depends on the distance it is transmitted and voltage at which it is supplied. Solar tariffs have reached an all-time low of Rs.2.44 per kWh at an auction held in May 2017 which is at par with thermal power.

In its last revised tariff policy announced in January 2016, the Centre had provided exemption from paying interstate supply charges up to 30 June 2017.

References
1. http://economictimes.indiatimes.com/industry/energy/power/centre-removes-interstate-supply-charges-on-solar-power-projects-till-december-2019/articleshow/59209735.cms
CMIE STATISTICS
Unemployment Rate
Per cent
3.5 +0.1
Consumer Sentiments Index
Base September-December 2015
96.5 -0.2
Consumer Expectations Index
Base September-December 2015
96.2 0.0
Current Economic Conditions Index
Base September-December 2015
96.8 -0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 16 Sep 16 Dec 16 Mar 17
New projects 1.46 2.37 1.42 2.92
Completed projects 0.91 2.21 0.91 1.77
Stalled projects 1.40 0.64 1.01 0.35
Revived projects 0.40 0.51 0.17 0.62
Implementation stalled projects 0.50 0.37 0.80 0.27
Updated on: 28 Jun 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Jun 16 Sep 16 Dec 16 Mar 17
All listed Companies
 Income -0.9 2.1 6.2 10.2
 Expenses -0.3 1.9 6.4 11.7
 Net profit -4.0 14.6 38.9 17.8
 PAT margin (%) 6.9 6.9 6.1 6.2
 Count of Cos. 4,519 4,489 4,485 4,305
Non-financial Companies
 Income -2.5 0.6 6.0 11.7
 Expenses -2.9 -0.2 7.4 15.4
 Net profit 9.7 26.7 23.4 -1.5
 PAT margin (%) 7.4 6.9 6.3 6.4
 Net fixed assets -9.2 7.7
 Current assets 8.1 2.4
 Current liabilities 11.6 9.4
 Borrowings 3.1 5.5
 Reserves & surplus 8.4 7.7
 Count of Cos. 3,515 3,491 3,491 3,359
Numbers are net of P&E
Updated on: 28 Jun 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.5 9.9 5.0 1.0
 Expenses 12.8 9.8 5.0 1.1
 Net profit 1.1 -2.1 2.0 -11.6
 PAT margin (%) 3.6 3.2 3.3 3.2
 Assets 14.3 12.2 9.3 8.1
 Net worth 9.6 9.5 8.6 7.4
 RONW (%) 6.8 6.2 6.2 5.6
 Count of Cos. 24,675 22,117 21,242 17,323
Non-financial Companies
 Income 11.8 9.6 4.1 0.0
 Expenses 12.2 9.2 4.2 -0.8
 Net profit -8.5 -2.4 -5.0 12.5
 PAT margin (%) 2.4 2.2 2.2 2.9
 Net fixed assets 12.9 11.6 13.0 12.4
 Net worth 7.8 8.6 7.3 6.7
 RONW (%) 5.5 5.1 4.9 5.9
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 1.9 1.9 2.1
 Net working capital cycle (days) 72 69 66 66
 Count of Cos. 19,170 17,554 16,934 14,134
Numbers are net of P&E
Updated on: 08 Jun 2017 2:48PM

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