Sector seeing investments, eyeing 1500MW orders: Inox Wind
With the government reintroducing generation-based incentives, environment for renewable energy sector has improved. Devansh Jain, Director, Inox Wind speaks about the wind energy business in India which is seeing investments from government companies and independent power producers.
Jain says Inox Winds expect incremental orders worth 1,000-1,500 MW in the coming days. As of March 2015, the company’s order book stood at 1,400 MW.
Below is the transcript of Devansh Jain’s interview with Latha Venkatesh & Sonia Shenoy on CNBC-TV18.
Latha: One hears about multiple tailwinds but is that the business environment has gotten better for wind energy companies like yours? If yes, in what way?
A: The environment has improved. I think this government has put a huge thrust on the renewable sector. Having said that there are couple of things that the government has done to boost prospects for companies like us. We have seen an age old policy initiative which is accelerated depreciation benefit was withdrawn after being around for about 15 years come back; that was a sizeable and historically the entire wind sector depended on the market. That has been re-introduced….