NSEFI Representations

Inclusion for Grant of GST exemption for energy Storage System (ESS) – request - Regarding

In this representation, NSEFI explains how RE integration with ESS can meet future energy needs sustainably and deliver the “Lowest Cost Schedulable, Firm, Clean RE Power” to the Indian grid and end users with several benefits like as Wind & Solar Integration, Reduce cost of power, Support Decarbonised Industrialization, Optimal thermal capacity utilization etc. And how developer /owner of ESS may sell/ lease / rent out the storage space in whole or in part to any utility engaged in generation or transmission or distribution; or to Load Dispatch Centre. NSEFI believes that this type of low-cost ESS solutions would enhance the acceptability of RE as a sustainable supply solution to meet evolving power demand by distribution licensees and would support growth of RE and country’s industrial development.Read More

Rationalisation and extension of concessional Goods & Service Tax rate of 5% for all supply of goods and services for setting up of Energy Storage System (ESS) – Request – Regarding.

NSEFI Requests Ministry for Rationalisation and extension of concessional Goods & Service Tax rate of 5% for all supply of goods and services for setting up of Energy Storage System (ESS). In this representation, NSEFI explains about RE integration with ESS can meet future energy needs sustainably and deliver the “Lowest Cost Schedulable, Firm, Clean RE Power” to the Indian grid and end users. And what are the negative impact of Higher rates of GST on Grid Scale Energy Storage Projects. NSEFI has apprehensive that the standalone storage capacity is at disadvantage from the perspective of applicability of GST. Any applicability of GST on the storage service will adversely impact the viability of energy storage and may discourage the investment in the energy storage assets in India. Read More

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