India Renewables Firms Cry Foul as State Seeks to Renege on Pact
- Gujarat plans to invite fresh bids for 700MW solar project
- Renewables ministry in talks with state to resolve situation
Photographer: Prashanth Vishwanathan/Bloomberg
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India’s federal government has stepped in to mediate a dispute between the state of Gujarat and solar power developers over the province’s plan to backtrack on bids for a 700 megawatt project because of high tariffs and invite fresh ones.
“Certainly it is creating some disturbance in the renewable energy market,” Amitesh Kumar Sinha, joint secretary at the ministry told reporters in New Delhi about the initial discussion the ministry has had with the coastal state. “We will take up this issue further. We’ll handle it.”