Coronavirus company news summary – Senegal exempts electrification equipment from VAT – SGRE receives 301MW turbine order in Morocco

3 September 2020 (Last Updated September 3rd, 2020 09:18)

3 September

The Indonesian government has told state-owned power company PLN to temporarily lower electricity rates for all lower-power homes and businesses, in order to revive the pandemic-hit economy. The power company will cut its electricity rate by 1.5%, the Jakarta Post reported.

Senegal has decided to exempt renewable energy production equipment from value-added tax (VAT) to promote rural electrification. The list of 22 VAT-exempted appliances includes solar panels, inverters, solar thermal collectors, batteries, solar lamp kits, solar water heaters kits, and charge regulators. It also includes biogas equipment.

Siemens Gamesa Renewable Energy has won a contract to supply wind turbines for the 301MW Boujdour wind farm project in Morocco. The contract covers the supply, transport, installation, commissioning and testing of 87 units of the SG 3.4-132 wind turbine, and a five-year service agreement.

During the Covid-19 pandemic, the difference between the share of renewables and coal-fired power in India has lessened. The share of renewables jumped from 17% just before the pandemic to approximately 24%, and coal-fired power declined from 76% to 66% in India, according to International Energy Agency (IEA) data.