News Detail

<p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri"><span style="color:rgb(59, 58, 57)">Even as countries worldwide are trying to reach a consensus on curbing greenhouse gas emissions at the ongoing Paris climate conference, the CAG has pulled up the government, noting that it did not reach targets for the purchase of electricity from renewable energy sources.</span></span></span><br /> <span style="font-size:10px"><span style="color:rgb(59, 58, 57); font-family:calibri; line-height:1.6em">Source: Business Line</span></span></p> <p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri"><span style="color:rgb(59, 58, 57)">SNP Insight:</span></span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">Falling below the&nbsp;target for the purchase of electricity from renewable energy sources may indicate that SEB&#39;s are not ready to switch to renewable energy sources even though the price of solar power has reduced quite low. This may signal red to the investor in recovering fixed cost and might question project viability.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></p>