AP solar policy worries industry experts

The Andhra Pradesh solar policy announced a few days ago has generally been hailed as a very investor-friendly policy and one that has the scope to make the State “another Gujarat.”

But nevertheless, some experts see red in the details.

Higher feed-in tariff

The policy does not provide a higher feed-in tariff, instead gives project developers a host of concessions, such as exemptions from several charge and tax credits on inputs, and encourages them to avail themselves of the tradeable renewable energy certificates.

The RECs can be traded in one of the two energy exchanges in India (IEX or PXIL) and the prescribed minimum price is Rs 9.3 a unit of electricity.

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