Build your professional network on facebook via our app Go to app
 
<< Prev  5 of 17 in Topic  Next >>
Posted in Community :

Business & Strategy

 
Created by : Uma Rama Linga Murthy M, Marketing Executive, RenewAbility  | 02 05 2011 17:20:54 +0000
Activity:  252 views;  last activity : 03 04 2011 17:38:59 +0000
 
 Refer 21
Share
 
 
  Rate : 
 
 
Subsidy grown market Vs Independent
3
 
 
 
 
0
4
0
Support   Support
Top Argument
1
0
I am a solar buff and try to promote green energy choices whenever i get an opportunity. If at all renewable energy in India is not picking up, I will blame the MNRE, IREDA, State Nodal Agencies and rogue renewable energy equipment mfrs. and service providers. Take for example. I applied through Canara Bank in Shoranur a loan under MNRE's scheme to install a 100 LPD domestic solar water heater from V-Guard. The nett cost of the equipment in 2008 was Rs.19,500/-. We spent more than Rs.7,000 for plumbing, extra watertank to store cold water, etc. The bank collected about Rs.3,000/- as the 15% margin money from me. The balance left was Rs.16,500/-. The bank had worked out an EMI of Rs.380/- per month for 5 years i.e. 60 installments. This works out to Rs.22,800/- (the bank charges an overall interest of 37.6%). According to government regulations, the banks are supposed to charge 2% per annum interest for 5 years and the bank has to get the subsidy of Rs.3,000 for the equipment and about Rs.2,500/- for plumbing. This Rs.5,500/- has to be reduced from the loan amount as soon as they receive the subsidy from IREDA or MNRE. The bank has to inform the Nodal agency within 45 days about the loan so that they will come and inspect the installation and give their approval. But in my case the bank not only charged me exorbitant interest of 37.6% for 5 years in place of 10% on the principal amount but they have not done any reporting to Nodal agency (as a result, no subsidy). The bank's failure may result in my paying or suffering a loss of more than Rs.9,000 for the sin that I had committed by installing a solar water heater on my roof!! Whereas the government agencies MNRE & IREDA gets billion of rupees from World Bank and by selling carbon credits to foreign agencies. This is a big racket and scam yet to be exposed. I dare to challenge any government agencies in this regard and I need the public support to raise a hue and cry on such malpractices by the government agencies in hand and gloves with rogues renewable energy equipment mfrs. whose only aim is to rob and steal public's money... There is no place for the SUN in India..and it is a shame... M.R.Menon Energy Writer Tel:0466-2220852/9995081018 E-mail: moothedathramanathan@gmail.com
By Ramanathan Menon, Freelancer, Power  02 07 2011 10:42:26 +0000
 
0
0

I agree with Mr. Ramanathan Menon. There is a play among the Installers, Banks, EDA(Energy Development Agency of state). If you invest money without subsidy, the installer will quote less but, on completion, he will get the subsidy share from the EDA. If you install on subsidy, then the quote will be high & the vendor list is also supplied to you for procurement. He will, obviously, sell at higher rate.


By KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed  | 03 04 2011 17:38:58 +0000
0
0

Lack of interconnectivity between govt depts, clear understanding, clarity in thought, laziness and corruption are the main reasons that are not just affecting renewable energy industry, but also affecting the future growth of the country. Having technologically integrated policy infrastructure, and UID with sincere beaurocratic efforts would to some extent give a permanent solution to the root causes of the problems that we are facing.


By Uma Rama Linga Murthy M, Marketing Executive, RenewAbility  | 02 07 2011 22:43:30 +0000
0
0

I feel that independent markets are good rather than subsidy grown markets, as the markets are very much imperfect especially in countries like India where policy level scams are coming out, such incentives to large projects could mean inapproporiate misutilization of funds.

The brighter side of the coin is that with out subsidies or encouragement the markets cannot be grown. especially in these times where awareness and information matters a lot in determining the weight on demand side.

In solar Industry in India there are both the situations prevailing, there are places where subsidy is being claimed to have a solar system and the electricity is generated through generators or bypassed from grid(A case I over heard in the industry) and sold to Govt at incentivised price, that means the beneficiary of solar power plant is buying grid power for Rs 5 or 6 and selling the same to government as renewable energy for Rs15 or 18 what ever may be the incentive.There are some other cases where there are systems installed in the name of places that do not exist at all and the subsidy is claimed, which is shared both by the concerned parties involved, thus making dark spots in the green and clean industry. 

The practicality on brighter side could be a night mare to the market players but a thing to note as the bueraucrats contribution to those who dwell in darkness after the sunset. There are places in Chhattisgarh where no grid power is available, solar power plants have become the means of lighting homes almost four hours in the evening and four hours in morning, that means a ray of hope to rural India which have no idea what it is like having electricity or a light at the night time.

Though the times are for the fittest to survive, govt. efforts to increase awareness in the markets regarding renewable and most sustainable future energy sources(Especially Solar) are highly laudable.


By Uma Rama Linga Murthy M, Marketing Executive, RenewAbility  | 02 05 2011 17:20:54 +0000
Leading staffing and human resources consulting firm
  • Create a confidential Career Profile and Resume/C.V. online
  • Get advice for planning their career and for marketing of experience and skills
  • Maximize awareness of and access to the best career opportunities
Viewers also viewed
Yes, and why? vs No, and why?
 
49 referals 10 arguments, 707 views
We all are Facing a huge Power Cut at our residences for a number of days, We don't find any...
 
0 referals 3 votes, 434 views
If you want to change the world, you have to think big. Say what you want about the feasibility...
 
173 referals 19 arguments, 346 views
more...  
Recent Knowledge (3)
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 482 views
C vs B
 
0 referals 3 arguments, 51 views
I am associate of prajapati association and i am working for BJP from year 2005 to till date....
 
0 referals 3 arguments, 111 views
more...  
More From Author
Yes this has already started we are in a time span where solar industry initself is going to experience a sea change and is going to be a scalable and user friendly power source that can make our living more green and clean.
Yes this has already started we are in a time span where solar industry initself is going to experience a sea change and is going to be a scalable and user friendly power source that can make our living more green and clean.
True that we are talking about MW and I am answering you in KW as is said that each DROP Can Make an OCEAN, if a thousand people have solar PV Power plant of 2kWp on their homes that can reduce the grid dependence by 2MW it looks small but the impact...
more...