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NSEFI Both Happy and Unhappy about Union Budget 2018

“We as NSEFI are both happy and unhappy about Union Budget 2018” said Pranav R Mehta,Chairman NSEFI whilst commenting on Union Budget 2018 announced by Finance Minister Arun Jaitley.

“We are happy because one of our main suggestion was for generating electricity using solar panels on farms and farmers supplying surplus electricity after that captive use to the grid wherever the grid is available. Where the grid is yet not available a cluster of farms can form a Mini Grid. This will not only benefit the farmers but the country as a whole by distributed solar generation and equitable growth. In this manner the Farmers will contribute their might to the cause of global warming and climate change” said Mehta

However, we as NSEFI are not very happy because many of our suggestions like electricity supply to be brought in the GST network , zero GST rate for Solar Generation, A comprehensive package for solar Manufacturing in India, Restoration of 80% accelerated Depreciation for industrial, commercial and social institutions categorical statement that Anti dumping Duty, Safeguard Duty – if imposed – not to be applicable to already bid out projects, Incentives for State of Art Battery manufacturing for storage,New schemes for technology upgradation and absence of any substantial measure worth mentioning for solar and Renewable Energy in the Union Budget 2018 are indeed, disappointments.

adminNSEFI Both Happy and Unhappy about Union Budget 2018
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Pre – Budget NSEFI Suggestions to Union Government

“In the Union Budget 2018 the Government should re-iterate its strong commitment and push for Renewable Energy with Increased Emphasis on Agricultural Use of Solar”– says NSEFI Chief Pranav R Mehta

NSEFI has already submitted the following suggestions to the Union Government for solar sector growth.

NSEFI Suggestions for Union Budget 2018 – 19

1. Increased Emphasis on Agricultural Use of Solar :

Agricultural use of solar energy should be encouraged with greater emphasis than at present. A separate scheme needs to be evolved whereby farmers not only generate electricity for their own captive use but supply the surplus to the grid through the net metering mechanism. In addition, the use of solar Sheffler and other parabolic dishes for drying applications should be encouraged.

2. Electricity Supply by Solar and RE Companies to be brought in the GST Network :

Electricity Supply by solar and RE companies should be brought in the GST Net with marginal 2 percent rate.

3. GST Rate for Solar Generation plants :

GST Rate for Solar Generation plants, including for solar modules, all Balance of System components for solar use – including inverters, structures, cables, wires, nuts, bolts and services for the same should be reduced to Zero GST Rate.

4. A comprehensive Package for Solar Manufacturing in India :

It has been our long pending demand that there should be a comprehensive package to encourage Solar Manufacturing in India to make Indian solar cells and modules globally competitive both in terms of quality and price. Such a package may include Interest Subvention, Capital Subsidy, Electricity at concessional rates, speedy land acquisition etc.

5. Anti Dumping Duty – if imposed :

If Anti Dumping Duty is to be imposed it should be with prospective effect and should not be made applicable to already bid out and awarded projects.

6. Accelerated Depreciation for an industrial, commercial and social institution to be restored at 80 percent:

Accelerated Depreciation@ 80 percent should be restored for all solar installations, including for Rooftop installations on Commercial and Industrial premises.

7. State of Art Battery Manufacturing to be incentivized :

In view of the anticipated rapid transition to Electrical Vehicles in the country, it will be desirable that large-scale, distributed, State of Art Battery Manufacturing plants consistent with the Prime Minister’s “ Make in India” plans, should be suitably incentivized – with an emphasis on rapid charging Batteries.

8. Some of these measures are already under the consideration of the Govt. of India and should be given a concrete shape by the allocation of proper funds in the Budget.

9. No Import Duty or GST applicability for all the supply items for Solar Manufacturing in India.

10. Skill Development and Employment Generation :

There is further need for increased emphasis on skill development in all areas of Solar development that is for solar plant installation, Manufacturing, Planning, Management, as also Operation and Maintenance.

11. R&D and Technology Demonstration Budget to be generously increased to at least three times the present Budget.

12. New Scheme and Funds for Technology Up gradation and Expansion of Solar Industry :

A suitable scheme for Technology Upgradation and Expansion of Solar Industry should be announced with an initial fund allocation of Rs. 2500 Crores and the unutilized portion of this budgeted amount to be carried forward to the next year.

adminPre – Budget NSEFI Suggestions to Union Government
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India set new benchmarks for Energy Storage, Electric vehicles, 24×7 Electricity access to all and Renewable at Energy Storage India 2018

  • Policy makers, World-renowned experts, thought leaders and industry stakeholders discussed the roadmap to accelerate adoption of energy storage in India
  • Addressed the key drivers to implement the country’s ambitious National Energy Storage Mission
  • New Delhi: Addressing the larger issues, challenges, emerging trends and wide array of opportunities for Energy Storage, Micro-grids and Electric Vehicle solutions in India Energy Storage India (ESI) 2018 today started with a big bang. Shri Suresh Prabhu, Minister of Commerce & Industry of India delivered a special welcome address emphasizing a need for Energy Storage for greener, cleaner and more stable grid in India.

    ESI 2018 is organized by India Energy Storage Alliance and is supported by Ministry of Electronics and Information Technology, Ministry of science and technology, Government bodies including Invest India, Start-up India, Skill Council and other industry pioneers such as Fluence, EnerBlu and Delta Electronics. ESI 2018 showcases new avenues, ideas, and advanced technologies in Energy Storage space to implement the awaited National Energy Storage mission. This event opened new doors to accelerate Make in India, EV transformation and much-anticipated dream of electricity to all by developing the country as a global manufacturing hub for advanced energy storage technologies.

    Addressing ESI 2018, Honourable Minister of Commerce & Industry, Shri Suresh Prabhu said, “Energy storage can change the dynamics of energy profile of the world and thus energy storage is a critical component in global energy strategy. We should be the leaders, we should invest in R&D.” He encouraged participants to work together globally for R&D considering local needs. He hoped that ESI 2018 will help in addressing various issues related to energy storage ecosystem.

    Mr. RV Deshpande, Minister of Large and Medium Scale Industries and Infrastructure Development, Govt. of Karnataka (First state to release electric vehicle and energy storage policy in India) was the keynote speaker for electric vehicle session. Other eminent dignitaries including Pankaj Batra, Member, Planning, CEA, Reji Pillai, President, India Smart Grid Forum, Karthick Athmanathan, Head-EV & eMobility, Ashok Leyland, Daniel Elliot, President & CEO, EnerBlu and Ajay Goel, COO, Sun Mobility, shared their valuable insights on the critical role of energy storage infrastructure in mass scale shift to electrification of Indian railways and electric vehicles (EVs). Addressed by Saurabh Kumar, MD, EESL, Naveen Munjal, MD, Hero Electric, Anil Chutani, Vice President, ACME CleanTech Solutions, Pramod Kulkarni, Customized Energy Solutions-USA and other key players, Electric Vehicles session paved new hope to accelerate India’s ambitious target of EV transformation.

    In its endeavour to make India a global investment and manufacturing hub for energy storage, the Make in India session created an impactful ideas exchange platform for veterans such as Manuj Khurana, AVP, Invest India, Daniel Elliot, President & CEO, EnerBlu, Hiren Shah, Sr. Director, Energy Storage, Delta Electronics India Pvt Ltd, Anant Nahata, MD, Exicom Tele Systems, Arun Tripathy, Head, Energy Storage, Hero Future Energies and Subodh Kumar, CGM, India Oil.

    An interesting session on Renewable integration was attended by Dr. P. C. Maithani, Director, MNRE, Pranav Mehta, Chairman, NSEFI, Dr. K. Balaraman, Director General, NIWE, Dr. O. S. Shastri, Programme Director, ISA, S. K. Soonee, Former CEO, POSOCO, Vishwanathan Iyer, Sterling & Wilson, Naresh Panchal, Suzlon and highlighted the significance of energy storage innovation in enabling RE integration in the country.

    Highlighting the impact of ESI 2018 with respect to advanced need for advance energy storage technologies in current promising scenario and positive policy framework, Dr. Rahul Walawalkar, Executive Director, Indian Energy Storage Alliance (IESA) said, “ESI 2018 has proved itself as the largest transformation platform by setting right expectation for India’s ambition to become a global pioneer in renewable, micro grids and electric vehicles. This event has gained global attention and recognition with participation from more than 1000+ industry experts, 100+ speakers, 50+ exhibitors and partners participating from over 25 countries. With the fifth edition of Energy Storage India, we are confident that 2018 will be the year of the action, where we will start seeing the large scale deployments of energy storage technologies.”

    “From being the industry awareness generator and knowledge hub to the successful draft roadmap announced in 2015-16 for energy storage and micro-grids, now IESA’s honest efforts can expect the actual Energy Storage Mission to be announced within the next three to six months,” he further added.

    With the boom in EV and energy storage start-up disruption, IESA launched India’s first start-up competition & innovation pavilion with the support of Startup India, Mumbai Angel Network, TiE- Delhi, Sangam ventures & GESA. ESI 2018 also hosted the 2nd IESA Awards recognising the best in Energy storage,, Electric Vehicle and Micro Grid industry. ACME Cleantech Solutions Pvt Ltd. received the award in the Energy Storage Project of the Year category for Electric Vehicles project and EXICOM Tele Systems Ltd. bagged the award in Energy Storage Company of the Year category.

    About India Energy Storage Alliance (IESA):

    IESA was launched in 2012 to assess the market potential of Energy Storage Technologies in India, through an active dialogue and subsequent analysis among the various stakeholders to make the Indian industry and power sector aware of the tremendous need for Energy Storage in the very near future. It aims to make India a global hub for research and manufacturing of advanced energy storage technologies by 2022.

    adminIndia set new benchmarks for Energy Storage, Electric vehicles, 24×7 Electricity access to all and Renewable at Energy Storage India 2018
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    MOU with Spanish Solar Association

    Facilitating Spanish Investment and Technology Transfer in Indian Solar Sector.

    India’s NSEFI signs MOU with the Spanish Photovoltaic Union(UNEF) at Madrid, Spain

    India’s apex solar association National Solar Energy Federation signed a Memorandum of Understanding to facilitate Spanish Investment and Technology transfer at Madrid last week during the Annual Solar Meet known as SOLAR FORUM where over 600 delegates from Spanish Solar industry were present.

    The MOU was signed by the President of the Spanish PV Association (UNEF), Jorge Barredo, from the Spanish side and Founder Chairman of the National Solar Energy Federation of India (NSEFI), Pranav R Mehta from the Indian side, who is also the Chairman-Elect of the Global Solar Council. Also present was Mr. Jose Donoso, General Manager of UNEF and Co-Chairman of the Global Solar Council.

    “India is the third largest solar market and with exponential growth in the last few years achieving 16.2 GW installed capacity, is poised to achieve 100 GW by 2020. India offers very attractive investment and technology transfer opportunities for Spanish solar industry which has a rich experience, thus creating a win-win situation” said Pranav R Mehta on the occasion.

    According to the agreement, the collaboration includes commercial missions, the sharing of best-practice, as well as of technical and policy information. “In India, PV is already more competitive than coal, and it is one of the countries with the most potential to develop PV, with the forecast of reaching 100 GW in 2022. We hope we will implement a fruitful cooperation” said Jorge Barredo of Spanish Solar Union.

    Shri Mehta also met Spain’s Secretary of Energy Daniel Lavia and extended an invitation to the Spanish Government and Renewable Energy industry to participate actively in Global Renewable Energy Investment Summit REINVEST 2018 being organized by the Government of India and the International Solar Alliance (ISA) 19 – 21 April, 2018 at Greater Noida, near New Delhi, India.

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    Part 2/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November

    Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November

    Panellists –

  • Pranav Mehta, Chairman, NSEFI
  • Tanya Singhal, Founder and Director, SolarArise
  • Keshav Prasad, COO, IL&FS Energy Development Company
  • Pankaj Sehgal, Managing Director, SUN Group
  • Goutam Samanta, Head PV Technology, Orange Renewable
  • AK Jain, MD, Rajasthan Electronics and Instruments Limited
  • Pinaki Bhattacharyya, CEO, AMP Solar Group
  • adminPart 2/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November
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    Part 3/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November

    Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November

    Panellists –

  • Pranav Mehta, Chairman, NSEFI
  • Tanya Singhal, Founder and Director, SolarArise
  • Keshav Prasad, COO, IL&FS Energy Development Company
  • Pankaj Sehgal, Managing Director, SUN Group
  • Goutam Samanta, Head PV Technology, Orange Renewable
  • AK Jain, MD, Rajasthan Electronics and Instruments Limited
  • Pinaki Bhattacharyya, CEO, AMP Solar Group
  • adminPart 3/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November
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    Part 4/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi

    Inaugural Session at 6th EQ Cleantech Finance Summit Delhi, 02-03 November

    Panelists –

  • Pranav Mehta, Chairman, NSEFI
  • Tanya Singhal, Founder, and Director, Solar Arise
  • Keshav Prasad, COO, IL&FS Energy Development Company
  • Pankaj Sehgal, Managing Director, SUN Group
  • Gautam Samanta, Head PV Technology, Orange Renewable
  • AK Jain, MD, Rajasthan Electronics and Instruments Limited
  • Pinaki Bhattacharyya, CEO, AMP Solar Group
  • adminPart 4/4 – Inaugural Session at 6th EQ Cleantech Finance Summit Delhi
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    6th EQCFS Nov 2-3, 2017 at Radisson New Delhi Airport

    Warm Greetings from EQ Magazine !!!

    Kindly take note of upcoming EQ Conference

    6th EQ Cleantech Finance & Investment Summit (EQCFS)
    Nov 02-03, 2017, New Delhi – 9AM to 6PM
    Hotel Radisson near IGIA New Delhi Airport

    For Delegate Registrations, Please Visit

    Event Sponsors/Partners
    Sungrow : Diamond & Diwali Networking Dinner Reception
    Jinko Solar : Lanyard
    First Solar : Session Partner
    Alion Energy : Exhibit Partner
    Waaree Energies : Make in India
    Navitas Solar : PV Module
    Cleantech Solar : RESCO Partner

    For Speaking Slot, Sponsorship, Exhibiting Space, Delegate Registrations,Branding etc…Please Contact Gourav Garg , Stuti Jain , Prasoon Agrawal

    ​​Special Event Highlights – ​​Inaugural Keynote Address ​
    ​Mr. Raman Nanda, CEO, SB Energy (SoftBank)

    Special Technology Presentation ​
    ​Sunil Badesra, Regional Manager, Sungrow India

    Confirmed Speaker List
    1. Karan Mitroo, Partner, Luthra & Luthra
    2. Anuvrat Joshi, Director, Cleantech Solar
    3. Bhanu Mehrotra, IFC Advisor for RUMS, IFC
    4. Raman Nanda, CEO, SB Energy (SoftBank)
    5. *Amit Barve, Vice President – Business Development & Marketing, Enerparc
    6. Ashu Gupta, Vice President – Corporate, Ujaas Energy
    7. *Anchit Gupta, Director – Business Development, Focal Energy
    8. Onkar Kapoor, CEO, SITAC RE
    9. Tejpreet S. Chopra, President & CEO, Bharat Light & Power Group
    10. Satish Gupta, CFO, Tata Power Solar
    11. Brajesh Kumar Sinha, Vice President – Business Development, Fourth Partner Energy
    12. *Roshan Gandhi, CFO, Mahindra
    13. European Investment Bank
    14. Ritesh Pothan, Sr. VP BD, Scorpius Trackers
    15. Nitesh Madan, Regional Head – North, Godrej & Boyce Mfg. Co. Ltd.
    16. Vivek Bhardwaj, North India Sales Director, Jinko Solar
    17. Harish Ahuja, Founder, IndiaGo Solar
    18. ​Rajendra Shrivastav, ​President, AES India
    19. Sabyasachi Majumdar, Senior Vice President, ICRA Ltd
    20. Hiten Parekh, Head, Everest Solar
    21. *Suhas Pansare, Vice President Sales and Marketing, Relyon Solar
    22. Srishti Ahuja, Director – Transaction Advisory Services, Ernst & Young
    23. Pratyush Thakur, COO, BLP Statkraft
    24. Sunil Rathi, Director Sales & Marketing, Waaree
    25. Ritu Lal, VP Business Development, Amplus Solar
    26. Pankaj Sehgal, Managing Director, SUN Group
    27. Randeep Bora, Head – Government Business, CleanMax Solar
    28. Amit Mehta, Assistant Vice President, Greenstone Advisory
    29. Allen Cao, Country Head India, Arctech Solar
    30. Deepak Khare, Vice President Technical, GDF SUEZ ENGIE
    31. Shailendra Bebortha, Managing Director, IBC SOLAR Projects
    32. Kiran Patil, MD, PLG Clean Energy Projects
    33. Abhilakh Singh, GM, IREDA
    34. Vandana Gombar*, BNEF, Bloomberg
    35. Naveen Khandelwal, Head- Investments & Strategy, Hero Future Energies
    36. Pradeep Chauhan, Country Manager – India, Solar Pack (IPP)
    37. Vinay Goyal, MD, Ganges Internationale
    38. Pawan Kumar Agrawal, Sr. President-Corporate Finance, YES BANK Ltd.
    39. Pinaki Bhattacharyya, CEO, AMP Solar Group
    40. Tanya Singhal, Founder and Director, SolarArise
    41. Mukund Santhanam, Capital Markets & Treasury Solutions, Deutsche Bank
    42. Rishi Agarwal, Zonal Head- Project & Structured Finance, Aditya Birla Group
    43. Keshav Prasad, COO, IL&FS Energy Development Company
    44. Sunil Agrawal, Business Head Infra Finance, Reliance Capital
    45. Daanish Varma, Director – Investment Banking, Yes Bank
    46. Sanjeev Gupta, MD, Nexgen Financial Services
    47. Priyanka Gupta, Manager, PTC
    48. Sujoy Ghosh, Country Head-India, First Solar Power India
    49. Kapil Maheshwari*, CEO, Hinduja Renewables Pvt Ltd
    50. Goutam Samanta, Head PV Technology, Orange Renewable
    51. Gaurav D. Joshi, Senior Environment Specialist – Environmental and Natural Resources Global Practice, IBRD-IDA (World Bank)
    52. Amresh Mahajan, AVP Technology, ACME
    53. Brijesh Gupta, CEO Renewable Energy Business, Atha Group
    54. Shekhar Dutt, Director General, Solar Power Developers Association
    55. Kartikeya Narain Sharma, Head – Growth & Strategy, Sunsure Energy
    56. Sunil Singh, CEO, OPG Power
    57. Ruby Ojha, Environmental and Social Development Specialist, International Finance Corporation
    58. *Divyaksh Sehgal, Associate Vice President, Infrastructure Kotak Mahindra Capital
    59. *Archit Chaurasiya, Associate Vice President, Infrastructure, Kotak Mahindra Capital
    60. Pankaj Sindwani, VP, Tata Cleantech Capital Limited
    61. Debal Mitra, Senior Vice President – Risk, SREI
    62. Pranav Mehta, Chairman, NSEFI
    63. AK Jain, MD, Rajasthan Electronics and Instruments Limited
    64. Alipt Sharma,Principal,GEF Advisors India
    65. Chetan Shah,Director,Goldi Green
    66. Balwant Joshi,Managing Director,Idam Infra
    67. Ashish Agnihotri,Business Development Leader – North,Oriano Solar

    admin6th EQCFS Nov 2-3, 2017 at Radisson New Delhi Airport
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    Shri Pranav Mehta Ji Elected Chairman of Global Solar Council

    It is a matter of great pride and pleasure for EQ Group to announce that NSEFI Chairman Pranav R Mehta was unanimously elected as Chairman-elect of Global Solar Council at its board meeting at Las Vegas on 12th September.

    Secretary of MNRE Shri Anand Kumar who was present at Las Vegas addressed the Global Solar Council earlier in the day highlighting the Indian opportunities and inviting the Global solar companies to participate in the forthcoming
    REINVEST 2017 event also warmly congratulated Shri Mehta on this international honor.

    Global Solar Council is an apex international organization formed at Paris during the COP 21 Climate Dialogue as a private sector response to the ISA launched by Prime Minister Narendra Modi and the then French President Francoise Hollande. Global Solar Council represents solar industry from major countries such as USA, France, Germany, China, Spain, Itali, Mexico, Brazil, South Africa, Israel, Middle East countries like UAE, Saudi Arabia etc.

    It is a matter of pride for our country that an Indian will be the Chairman of such a powerful international solar organization.

    On my personal behalf and on behalf of Team EQ I heartily congratulate Shri Pranav Mehta for keeping the Indian Flag flying high in global solar fraternity and bringing this honour to the country. Our Best wishes to Shri Pranavbhai for great success in his new international role.

    When the EQ Team congratulated him, his response was :
    “🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
    Zanda uncha rahe hamara… Shan na uski Jane paye… chahe Jan bhale hi jaye….”

    adminShri Pranav Mehta Ji Elected Chairman of Global Solar Council
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