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India's push for solar power hits obstacles
Local developers say that foreign investors are undercutting them with unrealistically low rates
Add BT as a preferred sourcePublished Thu, Oct 1, 2015 · 09:50 PM
New Delhi
INDIA's solar developers are voicing concern that foreign investors are promising to supply clean power at rates that are unrealistically low, threatening to destabilise the industry.
Companies such as SkyPower Global of Toronto have undercut Indian companies in recent auctions for contracts to build solar power plants. Local rivals including Azure Power and CLP India Pvt said that their competitors may never be able to build the capacity that they promise.
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