A guide to investingin India’s solarenergy sector
www.pwc.in
In partnership with the British High Commission | May–July 2015Abbreviationsp2/ India’s current scenario p4/Financing RE in India p8/Entering the Indian
market p10/Power sale options p13/Manufacturing outlook p17/Establishing manufacturing
operations in India p18/Manpower availability p19/Linksp20
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4 ЩÝ
The past few years have seen increasedawareness on climate change and globalgrowth in RE. India continues to be a partof this growth with its tremendous solarenergy growth plans in the pipeline. Thenation’s supportive policy frameworkand growth enablers have created afavourable investment environment,and unlocked the growth potential thissector has to offer. India’s grid-connectedsolar energy sector has seen exponentialgrowth from around 10 MW in FY 2010 toa current capacity of just over 4 GW, andit targets to establish 100 GW of grid-connected solar installations by FY 2022.
India’s current scenario
As of June 2015, India’s installed powercapacity stands at 274.82 GW, of whichcoal power plants are the major source:they account for over 60% of the totalinstalled capacity in the country.
India’s current scenario
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Historic trends and growthenablers of RE
The driving factors for solar energyprojects in India include demand/supply (low per capita consumption,
improvements, cost reductions, andentry of a large number of players),
policy (targets set under the NAPCC,
other incentives) and other issues (fuel
potential) affecting conventional powergeneration. The Indian growth story canbe seen from the fact that grid connectedsolar energy in India has seen a CAGR of
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Solar installed capacity (MW)
Source: PwC Analysis
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India’s location in the tropical regionhas blessed it with immense solarradiation, leading to a potentialof approximately 50 MWp/km2.Assuming only 3% of India’swasteland is made available for solarenergy installations, this translates toan estimated potential of 748 GW.
As of June, 2015Source: MNRE
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Solar scale-up plan
In focus at the moment is GoI’s recentlylaunched solar scale-up plan, whereinit plans to scale up solar power to acumulative 100 GW by 2022. This willinvolve 60 GW of utility scale projects and40 GW of rooftop solar installations. Aslew of favourable policies and incentiveshave been put into place and furthermore are being planned to realise thistarget. Growth in solar energy of thismagnitude will involve investments to thetune of 49 billion GBP only in the projectdevelopment space as per PwC estimates,thus providing immense opportunities forplayers.
The map alongside depicts the currentinstalled capacity and state-wise break-upof targets as announced by the MNRE,India.
Source: MNRE; PwC Analysis
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Installed capacity as of June 2015Break-up of targets
Source: MNRE
6 ЩÝ
State targets
Apart from state RPO targets, severalstates have set their own solar powercapacity installation targets in theirpolicies, which provide an idea of theinterest shown by these states towardssolar energy. To support the achievementof such targets, such states haveintroduced a slew of favourable statepolicies and incentives. The targetedcapacity addition of several states as perthese has been tabulated alongside.
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Incentives available to REprojects in India
GoI offers various incentives to makethe solar sector lucrative for sectoralplayers, and, eventually, help this sectorattain grid parity at a faster pace. Theincentives offered are a mix of tax andnon-tax incentives involving various
easier clearances to facilitate increasedparticipation in this sector. Apart fromthe major national-level incentivesmentioned below, certain states offerseparate state-level incentives to playersestablishing operations in their regions.
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8 ЩÝ
Financing RE in India
FDI in the RE sector
Hundred per cent FDI in RE ispermitted.
2014 were 7.4 billion USD.1
projects in India, including institutions,banks and registered companies.Institutional investors are state-owned,bilateral or multilateral institutions.Among banks, both private sectorand public sector banks are involved.In addition to registered companies,venture capital and private equityinvestors contribute equity investment.Development banks such as IREDAcontinue to represent a key source offunds for RE investments, particularly in
energy projects may be obtained fromforeign, domestic sources or a mix ofboth. Generally in the current scenario,the debt–equity ratio for solar energyprojects is to the tune of 70:30 of thetotal project cost. This may, however,differ from case to case, mainly as per the
the loan applicant.
For projects that are awarded through theprocess of competitive bidding, loans areawarded to developers after the signingof PPAs. There are minute differencesin the loan application procedures ofdifferent institutions. However, theoverall process is more or less similar.An example of some of the main stepsinvolved and requirements for obtaininga loan have been depicted below byconsidering the process while applying aloan with IREDA.2
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ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 9
Financing initiatives
and support the increased deploymentof RE, particularly solar energy, in India.The main initiatives taken up during thisduration are:
Priority sector lending for renewables
priority sectors for lending in India.Under the priority sector norms,banks are mandated to disburse 40%of their adjusted net bank credit topriority segments. This increases
from both domestic as well as foreignbanks, enabling the sector to growat a much faster rate. Lending willespecially increase more for establishedinternational players in the market.
Rooftop solar as part of housing loan
Rooftop solar power plants on housescan be set up through bank loans, whichwould be part of home loans or homeimprovement loans. Individuals canborrow a maximum of 1 million INR(about 10,000 GBP) under this scheme.The MoUD will further give someconcession for making green buildingsand ensure additional incentives forthem.
India exploring solar bids in dollarterms to bring down tariffs
MNRE plans to introduce dollar-denominated tariff bidding to makeenergy from solar projects affordable.This will make way for more investmentsfrom foreign players, who fear exchangeand currency rate risks.
This type of bidding will allow developersto raise dollar-backed loans withoutbearing the hedging costs, and will, thus,enable them to supply electricity at acheaper rate. This will particularly favourinternational players with access to
enable them to actively participate in theIndian market.
10 ЩÝ
Entering the Indian market
India as a destination to do business hasattracted many countries around theworld and today it is one of the leadingemerging economies. Almost all thesectors in India have grown by and largein the last couple of decades after theliberalisation of the economy in the early’90s. India has long-term and sustainablebusiness possibilities owing to its largedomestic consumption and businessgrowth on an international level in thepast.
The RE sector, predominantly the solarenergy space, is one such area whichfetches the interest of global companiesand entices them to India. Somecompanies have a predetermined way ofentry into this market, owing to their longbusiness relations with India. However, avery clear entry mode should be chosen
by companies from the options availablewhen planning to associate business withIndia. The entry options elucidated forclients are as follows:
Establishment of a 100% wholly-owned Indian subsidiary of theparent company
JV
Strategic acquisition of an existingIndian company
Operating through an agent/representation, distributor/partnerin India
It is important for a company to keepcertain things in mind while choosing
This includes the demographics, rightinfrastructure, tax rules of the state,
proximity to suppliers, human resourceavailability, SEZ, price parity, and exitoptions in case of dissolution. Typically,the framework for setting up industries
and selection of the land. After this,registration of the project with theappropriate authority (ROC) is to becompleted. The next step includes
project. Once the authorities grantthe land clearances and approvals,the developer has to then seek otherclearances for water, electricity,construction and pollution.
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Clearances required for setting up REprojects
India’s regulatory system andimplementing agencies ensure thatenvironmental quality and socialconcerns are not compromised, and anyarising concerns are addressed whileimplementing solar energy projects. To becompliant with these regulations, projectshave to get appropriate clearances.
Consent process– SPCBs grant consent to establish
CTE and CTO to projects.
– CTE is issued to projectsafter evaluating the potentialenvironmental impactsand the design of pollutioncontrol installations and upon
with these conditions. ACTO is issued with emission
standards.
– Some states like Gujarat issueconsolidated consents forair and water pollution andhazardous waste based on CCAs.Others states like Chhattisgarhissue water and air consentsas well as waste managementauthorisations separately.
CRZ clearanceCRZ clearance regulatesdevelopment in areas located alongthe Indian coast. Coastal areas areconsidered sensitive zones and
and IV for regulating developmentactivities in the coastal stretcheswithin 500 metres of HTL. Variousactivities are allowed in the differentzones and rapid EIA is used as atool for CRZ clearance. The projectproponent has to ensure thatCRZ clearance has been obtainedand the project is not located inenvironmentally sensitive zones as
Forest clearanceSolar projects being set up onforested land have to obtain atwo-stage approval from the MoEF.This two-stage process involvesapprovals by the divisional forest
as per MoEF rules, developershave to identify land contiguous toforestland for afforestation. Thiscompensatory afforestation activityis also permitted in private land.
Environmental assessment forexternally funded projectsSolar projects funded by bilateraland multilateral agencies have tomeet additional environmentaland social performance standardsprescribed by the respective fundingagency.
International acts and treatiesProjects should not violate anyregional/multilateral treaty Indiais signatory to. Solar proponentsand regulators have to ensurethat environmental conservationand biodiversity preservation isnot compromised due to projectactivities. These treaties includeUN’s CBD, CITES and Convention onConservation of Migratory Species(CMS).
Social governance clearancesProjects have to comply with actsaddressing social concerns such asthe 73rd Constitutional AmendmentAct, 1992, Tribal Rights Act,2006, India’s Resettlement andRehabilitation (R&R) Policy 2007and Land Acquisition Act, 1894.Furthermore, these projects shouldbe compliant with local laws andget approvals from the local bodies/institutions. Two major clearances inthis regard are:
Local governments– Projects are subject to local laws
and have to get approvals fromlocal bodies.
– As per the 73rd Constitutionalamendment, rural local bodiesor Panchayati Raj institutions(PRIs) are to decide on clearingdevelopmental projects byproviding them legal status.
– Under the Panchayat Act, thePRIs or gram sabha at the villagelevel has to be consulted bythe project proponent beforeestablishing a project in areasfalling under its jurisdiction.This gives villagers/localsthe right to raise their projectdevelopment concerns.
Land acquisition– Solar projects are established on
private, revenue or forestland,for which different states havedifferent policies for landpurchase/allotment. Apart fromthe major clearances, otherclearances such as an NOC fromthe energy department and anNOC from the district collectorare also required.
Land availability for REprojects
Land is a vital component for solar energyinstallations and land requirements
Various state governments in India haveannounced favourable land policiesthat have been instrumental in reducingthe capital cost for solar projects. Forinstance, Rajasthan, under its solar policy,has announced availability of land todevelopers at a low cost. Madhya Pradeshhas announced investor-friendly landallocation measures that have resulted inthe increase of solar installations.
Renewable power projects are establishedon private, revenue or forestland.Different states have different policies forland purchase/allotment.
12 ЩÝ
Private land
Most of the acquisition of private land forRE projects occurs through mediationsdirectly with the landowners.
1. Certain states allow purchase ofland without any conditions. TamilNadu has the most investor- friendlypolicy, wherein agricultural landcan be directly purchased for settingup RE projects. In Rajasthan too, asper their recently announced solarpolicy, landowners are permittedto set up solar power projects ontheir land, or sublet their land forthe establishment of such projectswithout any land conversionrequirements.
2. Other states require that private/agricultural land be converted tonon-agricultural land for industriesto purchase the land. States have aset procedure for this conversion.In Karnataka, this requires anamendment in the Karnataka LandReforms Act, 1961, sections 79Aand 79B. In Maharashtra, beforepurchasing private land, permissionfrom the DIC has to be obtained, forwhich the survey/gut numbers of the
locations have to be submitted. Theseprocedures consume additionaltime in the gestation periods of theprojects.
Revenue land
1. Certain states such as Gujaratand Rajasthan have developer-friendly procedures in acquiring
Gujarat are cleared at the DC level,whereas in Rajasthan, governmentland is allotted by the DC on therecommendations of the RRECL at aconcessional rate.
2. Certain other states requireclearances by higher authorities,thus involving additional time.
3. Other states such as Maharashtra donot have any clear-cut policies forexecution of RE projects on revenueland.
Forestland
India’s Land acquisition Act, 1894 (asamended in 1985), allows the use offorestland for developmental purposes.However, this land can be acquired onlyon lease and is subject to clearances from
the forest department. Furthermore,India’s R&R Policy, 2007, ensuresthat minimum displacement takesplace in large-scale projects. Of all theproject options, the one with the leastdisplacement is selected and an adequateresettlement package is decided tocompensate the displaced communities.
Atlas and GIS maps, and alternatives haveto be considered to minimise forestlanduse during this process. Allocation of thisland on lease for RE projects takes placethrough a detailed two-stage process bythe MoEF.
Stage-I: DFO assesses the NPV ofthe current forested area to makerecommendations for forestlanddiversion and determines the areas forcompensatory afforestation.
reviews the document and gives a go-ahead for the project.
As per MoEF rules, the developer has toidentify the land contiguous to forestlandfor afforestation and undertakecompensatory afforestation.
ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 13
Power sale options
The RE sector has witnessed the evolutionof several market models pursuant to thetimely policy and regulatory frameworkformulated at the central and state level.The provisions of the National ElectricityPolicy and National Tariff Policy onpreferential tariff and preferentialtreatment of non-conventional sources ofenergy have led to a feed-in-tariff regime,
capacity addition in the country. Thecurrent policy and regulatory frameworkoffers the promising market model ofREC-based off-take models which providea pan-nation market for solar energy.
PPA allotment via reversebidding
Most of the solar capacity additionin India is taking place via this route,wherein developers bid against tendersreleased for the procurement of power
by state agencies or central agencies suchas the NTPC and SECI. There is a set ofqualifying criteria that all developershave to meet, after which the developerswith the lowest quoted tariff against thecapacity put forward are issued letters ofintent and awarded PPAs. According tothe nature of the bid, these PPAs may be
Generally, the PPAs awarded are for aperiod of 25 years and have clauses forextensions post this period of 25 years.
Cases of some recent bids are providedbelow to serve as an indication of thetariffs currently being bid in the Indianmarket. A decline in solar electricitygeneration tariffs over the past two yearsis evident from this graph. Owing tothe targets of installation of 100 GW ofsolar energy, India has recently seen anincrease in the number of PPAs beingawarded and tenders being released.
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14 ЩÝ
Sale to third party underopen access regime
The model involves sale of energyto an open access consumer of thesame DISCOM area within which thegenerator is located, or to a differentDISCOM within the state. The networkof DISCOMs or transmission companiesis used to wheel power from the point ofinjection to point of usage. Such a marketmodel of third-party sale is largely madefeasible with the introduction of theprovisions for open access transactions
and through the subsequent regulationsframed by the SERC. The Electricity Act,
2(47), reproduced as under.
‘Open access’ means the non-discriminatory provision for the use oftransmission lines or distribution systemor associated facilities with such linesor system by any licensee or consumeror a person engaged in generation in
by the appropriate commission
According to the framework developedby the appropriate commission, openaccess allows a bulk consumer to contractdirectly with the generation company orwith any other source of supply (otherthan the incumbent distribution licenseein whose area the consumer is situated).The open access framework also offersfreedom to the generating company tosupply power to consumers who areeligible to avail of open access.
Sale through group captiveunder open access regime
This model is very similar to that of thethird-party sale model discussed in theabove section. However, in this model,consumers need to have a minimum levelof stakeholding in the renewable powerplant set-up. Hence, in case a developerwants to set up power projects and sellpower through the group captive route,then the shareholding/capital structureof the power plant should be such that
generation plant. In accordance with the
for any power plant to qualify as a captivepower plant, it needs to abide by twomajor conditions:
Not less than 26% of the ownershipis held by the captive user(s), and
Not less than 51% of the aggregateelectricity generated in such a plantis consumed for captive use on anannual basis. Provided that in thecase of a power plant set up by aregistered cooperative society, theconditions mentioned above shall be
of the cooperative society.
Structure of this power sale option:The developer/captive users maywheel the power generated to thepoint of consumption throughdedicated lines or through thenetwork of the transmission and/orthe distribution licensee after payingnecessary transmission and wheelingcharges.
Sale to distribution licenseeunder feed-in-tariff regime
The model essentially involves sale ofpower generated by a solar power plant tothe distribution utility at a rate approvedby the SERC. Under this power off-takeoption, the utility will have to enterinto a PPA with the purchaser or thedistribution utility. Such a model is a timetested and comparatively less complexone. However, the lesser complexity ofthis power sale model comes at a price asit involves dependence on the willingnessof the utilities to procure solar powerand their creditworthiness to pay for thepower purchase.
Sale under the RECmechanism
Under the REC mechanism, one RECwill be issued to the RE generator forevery 1 MWh of electrical energy fedinto the grid. The RE generator may sellelectricity to the distribution companyat the regulated price equivalent to theaverage pooled cost of power purchaseby the utility from all sources excludingRE sources. Further, its RECs can then besold to obligated entities at the marketprice through a transparent exchangemechanism. The RE generator may sell
to obligated entities who have to meetwith their RPO target. The purchase ofRECs will be deemed as a purchase of
power generated from renewable sourcesand accordingly will be allowed forcompliance with the RPO target. The RECmechanism enables obligated entities in astate to procure RECs generated from anyof the states in India and to surrender the
ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 15
CERC regulations in 2015
years
India’s CERC has established guidingprinciples for SERCs to deal with mattersrelated to energy generation from REsources.
Salient features of tariff regulations forsolar energy projects are mentionedalongside.
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Ý¿°·¬¿´ ½±¬ êðëòèë ´¿µ¸ ×ÒÎñÓÉ ø¢ðòêî ³·´ ·́±² ÙÞÐñÓÉ÷
Ü»¾¬æ »¯«·¬§ éðæíð
ײ¬»®»¬ ®¿¬» ïíû
묫®² ±² »¯«·¬§ ø°®»ó¬¿¨÷
묫®² ±² »¯«·¬§ º®±³ ¬¸» ïטּ §»¿® ±²©¿®¼æ îìû
Ü»°®»½·¿¬·±²
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ß°° ·́½¿¾´» ¬¿®·ºº É·¬¸±«¬ ßÜæ éòðì ×ÒÎñµÉ¸ ø¢ðòðéî ÙÞÐñµÉ¸÷
É·¬¸ ßÜæ êòíë ×ÒÎñµÉ¸ ø¢ðòðêë ÙÞÐñµÉ¸÷
CERC tariff order on solarpower for 2015–16
The RE tariff order 2015–16, which
determining the tariff of solar powerprojects commissioned during 2015–16,has been provided below.
Assumptions of the CERC tariff orderon solar PV for 2015–16 are tabulatedalongside.
16 ЩÝ
Sale to third party underopen access regime
capital cost norms for solar powerprojects that enter into PPAs after 31March 2011. The table below presents
commission for the projects proposedto be commissioned during different
the benchmark capital cost norm and
tariff applicable for solar PV and thermalprojects commissioned during therespective years is also mentioned.
Ý¿°·¬¿´ ½±¬ Ì¿®·ºº
Ý®±®» ×ÒÎñÓÉ Ó·́ ´·±² ÙÞÐñÓÉ ×ÒÎñµÉ¸ ÙÞÐñµÉ¸
îððç�ïð ïé îòîì ïèòìì ðòîì
îðïð�ïï ïêòç îòíè ïéòçï ðòîë
îðïï�ïî ïìòìî ïòèè ïëòíç ðòîð
îðïî�ïí ïð ïòïé ïðòíç ðòïî
îðïí�ïì è ðòèí èòéë ðòðç
îðïì�ïë êòçï ðòéð éòéî ðòðè
îðïë�ïê êòðê ðòêî éòðì ðòðé
Source: CERC
ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 17
Manufacturing outlook
India’s manufacturing policy recognisessolar manufacturing as an industrywith ‘strategic importance’. Solarmanufacturing can also create directemployment of more than 50,000 in
manufacturing captures 50% of thedomestic market share and 10% of theglobal market share. Another at least1,25,000 indirect jobs will be createdin the supply chain. The crystallinesilicon (c-Si) production capacity inIndia is currently 2,348 MW. The marketcurrently consists of 20 companiesengaged in the business of productionof solar PV modules, while 15 are in the
solar manufacturing capacity in Indiais almost negligible: Moser Baer Solaris the lone player and has 50 MW of
module manufacturing capacity. A fewother players were operational in themarket a few years ago (HHV, Shurjo,etc.), but most of these capacities now lieabandoned.
Manufacturing of solar PV is atechnology-intensive process. Thegovernment promotes the solar PVindustry by giving incentives forsolar manufacturing and its use forelectricity generation. Currently, threekey incentives are offered by the GoI topromote solar PV manufacturing in India.
SEZ Policy, 2005: The SEZ policyof 2005 promises to encouragesolar manufacturing in the country.It encourages 100% FDI in areasearmarked for manufacturing SEZs.Additionally, it provides importduty exemption on products usedfor manufacturing in SEZs and alsopromises to provide single-windowclearance for setting projects in SEZsto be developed under this policy.
MSIPS: Introduced in 2012,this scheme allows for subsidieson capital expenditure acrossinvestments in SEZs established forsolar manufacturing. The subsidy oncapital expenditure for investmentsin SEZs is 20%, while that on capitalexpenditure in non-SEZs is 25%.Incentives are also available forrelocation of units from abroad.Further, incentives are available forunits across the value chain, startingfrom raw materials and includingassembly, testing, packaging andaccessories of solar PV.
Make in India programme: Thegovernment’s Make in India initiativeencourages indigenous productionof solar components. The projectsparticipating under this schemeare exempted from excise duty onmachinery and equipment. Also,
copper wire used in the manufactureof PV ribbons (timed copperinterconnect) for solar PV cells/modules is being offered under thescheme.
GoI has launched the Solar Scale-upPlan, which aims to install 100 GWof solar power generation projects byFY22. In order to achieve this target, itis necessary to create substantial solarmanufacturing capacity in the country.As per PwC estimates, an investmentto the tune of 32.40 billion GBP willbe required in the solar manufacturingsegment. The estimated investment inthe manufacturing segment is shownbelow.
Ç»¿® д¿²²»¼ ±´¿® ½¿°¿½·¬§ ¿¼¼·¬·±² øÓÉ÷ Ó¿®µ»¬ ·¦» ±º ³¿²«º¿½¬«®»¼ ½±³°±²»²¬
Ý®±®» ×ÒÎ Þ·´´·±² ÙÞÐ
îðïë�ïê ìôððð ïêôéíéòðð ïòéî
îðïê�ïé ïðôððð ìðôïêèòèð íòçç
îðïé�ïè ïëôððð ëéôèìíòðé ëòëé
îðïè�ïç ïêôððð ëçôîíïòíï ëòëí
îðïç�îð ïéôððð êðôìïëòçí ëòìé
îðîð�îï ïéôëðð ëçôéðëòïê ëòîì
îðîï�îî ïéôëðð ëéôíïêòçë ìòèè
̱¬¿´ çéôððð íôëïôìïèòîî íîòìð
The incentives offered by GoI to promotesolar manufacturing encourage foreignmanufacturers to form and adopt jointventures and to partner with localmanufacturing industries. There havebeen instances where foreign companieshave entered into MoUs with localentities to establish manufacturing unitsin the country.
Source: PwC Analysis
18 ЩÝ
Establishing manufacturingoperations in India
The process of establishing amanufacturing unit in India starts withseeking industrial approval from theSecretariat of Industrial Approval. Theintended company submits the IndustrialEntrepreneurship Memorandum to theSecretariat of Industrial Approval andafter the relevant clearances have beenobtained, a letter of intent is issued.The company then undertakes businessdevelopment. In this context, the
After obtaining approvals at the centrallevel, the interested company approachesthe state government/state governmentdepartment to seek some more approvals
step is towards securing the land. If theproject proponent is interested in thedevelopment of a manufacturing unit inan industrial estate, it has to approachthe state industrial corporation. On theother hand, if government land is to beacquired, then the respective districtcollector is to be approached.
After securing the land and getting allnecessary approvals, the next step isacquiring environmental clearances.
for approval from the Ministry ofEnvironment and Forest, followed byobtaining an NOC from the state pollutioncontrol board. Thereafter, it is imperativeto secure water supply for the unit fromthe state water department and powerfrom the state energy department. Withregard to registration of the company, theproject proponent has to seek an approvalfrom the chief inspectorate of industries.
been illustrated below.
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Í»½«®·²¹ ©¿¬»® «°°´§ ¿®®¿²¹»³»²¬ ø©¿¬»® ¼»°¿®¬³»²¬÷ ¿²¼ »½«®·²¹ °±©»® «°°´§ ø°±©»® ¼»°¿®¬³»²¬÷
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ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 19
The solar energy sector in India employssizeable manpower both in the organisedas well as unorganised sector for themanufacturing, installation, operationand maintenance of equipment, andfor the transmission and distributionof energy generated from RE sources.MNRE has been promoting skilldevelopment activities in solar energyby supporting various educational andtraining organisations, including NGOsand private organisations, in conducting
required by the RE industry. In addition,RE as a subject has been incorporatedin the regular syllabus of the two-year
institutes of seven trades (electronics,
sheet metal workers and machinists).
In the past, MNRE has supported theESSCI and PSSC, and is currently workingon creating a separate RenewableEnergy (Green Energy) Skill Council in
Manpower availability
collaboration with the Ministry of SkillDevelopment and Entrepreneurship.
Further, MNRE intends to launch the‘Surya Mitra’ scheme under which50,000 rural unemployed youth with
free training in handling solar powerplants in order to look into the serviceand repair requirements of solar plants.A GPS-enabled mobile application willalso be launched to connect consumerswith the nearest trained Surya Mitra. Thiswill support the targeted installation andmaintenance of 40 GW of rooftop solar.
20 ЩÝ
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Links
ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 21
UKTI is a government department that
helps UK-based companies succeed in
the global economy. In India we do that
through a network of diplomats and local
specialists spanning the entire country.
Our trade, investment and policy experts
are based in the British High Commission
in New Delhi and in our deputy high
commissions in Mumbai, Bangalore,
Chennai, Hyderabad, Kolkata,
To know more, write in to us at:[email protected] / [email protected]
Visit us at: https://www.gov.uk/government/world/india
Follow us on Twitter @UKTI_India:https://twitter.com/UKTI_India
Support by UKTI and Department for InternationalDevelopment (DFID)
Chandigarh, Pune and Ahmedabad.
We provide companies with advice on
policy and advocacy, and will lobby on
behalf of UK business with the Indian
central and state governments. We can
also support companies with their India
launch and can provide introductions
as part of our campaigns to showcase
British capability and connect British
businesses to major opportunities.
22 ЩÝ
Notes
ß ¹«·¼» ¬± ·²ª»¬·²¹ ·² ײ¼·¿� ±´¿® »²»®¹§ »½¬±® 23
About PwCPwC helps organisations and individuals create the value they’re looking for.
are committed to delivering quality in Assurance, Tax and Advisory services. Tell
NCR, Hyderabad, Kolkata, Mumbai and Pune. For more information about PwCIndia’s service offerings, visit www.pwc.com/in
of which is a separate legal entity. Please see www.pwc.com/structure forfurther details.
ContactsDinesh Arya
Senior Trade and Investment Adviser
Energy | UK Trade and Investment
+91 (11) 2419 2285 | +91 9910107985
Email: [email protected]
British High Commission
Shantipath, Chanakyapuri, New Delhi - 110021
Amit Kumar
Partner | PwC | Energy & Utilities
+91 (124) 330 6001 | +91 9899452400
Email: [email protected]
PricewaterhouseCoopers Private limited
Building 10, Tower C, 17th Floor,
DLF Cyber City, Gurgaon - 122002
pwc.in
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