70% Duty on Solar Panels to Safeguard ?

70% Duty on Solar Panels to Safeguard Adani, Ambai & Tata

January10, 2018 (C) Ravinder Singh progressindia2015@gmail.com

Public & Private sector had invested Rs.6,00,000 Cr* in last 45 months – @ Rs.20,000/KW or 30 cents per watt – India could have 3,00,000 MW of SolarPV Rooftops & SolarFarms. MSMEs producing Invertor, Cables, Meters, Switches and Frames & Trackers –producing 450 BU of Electricity annually. Eliminating Coal Based Generation but for Summer & Winter peak. [*Should have stopped investing in Transmission Lines & Thermal power in 2014]

When SolarPV panels cost just Rs.20,000 per kilowatt and Off Grid Rooftop is to cost only Rs.30,000/Kw and that is to saveRs.750 units per Kw in Delhi means Rs.9,000 saving of electricity every year – Payback in 4 Years [We get 6.5% on Fixed Deposits]– Ambani Adani and Tata has Corrupted GOI to impose 70% duty on Imported Solar panels but there is no such duty on Mobiles or Computers or other electric gadgets. Lifetime generation per kw is expected to be 50,000 Units or cost of Electricity just Rs. 0.50 only. [Frame & Residual Value of System after 25 years]

There was no such duty on Imports of Coal Based thermal power also.

When People of India were hoping for Cheap Rooftop Power, Freedom from Power Cuts and harassment by DISCOM – Reduced tariff,

Corrupt Ministry of Power SABOTAGED Solar Revolution in India and with it Cleaner Cities.

Debt of these three Groups alone is Rs.6,50,000 Crores.  

10 Yrs Borrowings Rs. Crore Fortune In500

Owner Family

2008

2017

Growth

ADANI GROUP [Ahmedabad]

9,307

110,122

11.8x

TATA GROUP

123,080

369,823

3.0x

RELIANCE ADA GROUP

54,801

170,138

3.1x

10 GROUPS – 9 FAMILIES

3,75,394

16,81,540

4.5x

Rs.2,900 Cr Losses of 4 Pvt Power Comp, Debt Rs.1,60,781 Cr

Item

Adani Power

R.Infra

R.Power

Tata Power

Net Profit

(-) Rs.6,174 Cr

Rs.1,425 Cr

Rs.1,104 Cr

Rs.745 Cr

Gross Debt

Rs.52,484 Cr

Rs.26,557 Cr

Rs.32,925 Cr

Rs.48,815 Cr

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s