It has been over 12 months since the we have received a payment from our energy consumer, Ajmer DISCOM – owned by BJP led Rajasthan government. The outstanding payments (now) add up to 20% of what we paid for the asset!Luckily my investors paid in full for the asset so there weren’t any loans to […]Read More A Holocaust of Renewable Energy Investors in India
The recent brouhaha over Sun Edison’s record low bid of selling solar power at Rs. 4.63 per kWh has shaken up the entire solar universe (which just 3 GW in size… by the way) in India. On November 9th an article in the Business Standard mentioned that “there is nervousness among investors in the segment […]Read More Decoding Sun Edison’s Record Bid for Selling Solar Power in India – Realistic or Wildly Optimistic? (Part 1)
The verb “cross subsidize” as defined by the Oxford dictionary is “Subsidize (a business or activity) out of the profits of another business or activity.” But what happens if that industry is facing the awesome prospect of losing $27 billion per year from 2017 onwards as reported by the World Bank? To put the number […]Read More Cross Subsidy Surcharge: A Dacoit in Robinhood’s Clothing
A perfect storm for electricity consumers that was created by the policy paralysis of UPA-II, high interest rates and the slow pace of development of power plants as developers faced innumerable headaches and delays in securing 143 licenses and filing 1982 compliance reports. This storm will reach devastating strength as the states of Delhi, Punjab, […]Read More Electricity Prices Set to Increase by 35 Percent!