Power-Grid Bottleneck May Be Tackled in Indian Budget Next Week
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Indian clean-energy companies said the government’s budget next week may provide funding for extending electricity lines to plug an infrastructure gap that threatens to isolate new wind farms and solar plants.
“What the entire renewable sector expects from the budget is some sort of relief on how they’ll evacuate power,” said Sunil Jain, chief operating officer of Green Infra Ltd., which acquired BP Plc’s India wind-energy assets in 2009 and is developing solar, hydropower and biomass projects. “It’s the biggest obstacle to growth of renewable energy.”