Fresh Bid­ding Is Sen­si­ble

The Economic Times - - Companies: Pursuit Of Profit -

Things seem to be in a state of flux, and it would make sense to opt for fresh bid­ding. Look­ing ahead, the auc­tion needs to re­flect cur­rent state of af­fairs and fu­ture prices in the off­ing. Also, we need to dif­fer­en­ti­ate sup­ply-side pol­icy from the de­mand side in re­new­able power. While up­front sup­ply-side sub­ven­tions can be phased out, given fall­ing costs of hard­ware, we do need to en­cour­age and step-up de­mand for re­new­ables with ded­i­cated line ca­pac­ity and the like. It would be for the greater good.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.