Last month, the DGS had recommended safeguard duty to be imposed for a period of 200 days in order to control imports of solar cells and panels and give a fillip to domestic manufacturers. According to Icra, Madras High Court had put a temporary stay on implementation of safeguard duty and the timeline for the final decision is also not clear. “As a result, uncertainty prevails both over the timeline and the quantum of safeguard duty proposed. In 2017, around 4 gw of solar projects were auctioned and these would be under implementation now. These projects were auctioned at low tariffs, so any rise in equipment cost after the safeguard duty would crimp the cushion that developers have to service debt.

Source: dna April 02, 2018 00:22 UTC