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Tripartite Agreement for Solar Power May Ramp up the Installation

News:

In a move that could encourage private solar power developers to sign power supply agreements with state-run NTPC, the government has decided to extend a tripartite agreement that provides payment security to the country’s largest thermal power producer by fifteen years from the current end-date of October 2016.
Source: Financial Express

SNP Insight:

Tripartite agreement for solar would certainly boost the confidence of the investor and may in turn ramp up the solar power installation in the country. This may further likely reduce the tariff due to increased competition and surety of return.


Source: SNP Infra Research