India’s state-controlled National Thermal Power Corporation (NTPC) has barred overseas companies from bidding for three new solarpower projects with a combined generation capacity of 750MW, thereby leaving the scope open only for domestic manufacturers.
The reason behind the NTPC decision has not been disclosed yet.
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Reuters cited a NTPC spokeswoman as saying that Indian subsidiaries of foreign manufacturers will, however, be free to take part in solar projects in the future.
US President Barack Obama, during his visit last weekend, had approved solar power plans proposed by Indian Prime Minister Narendra Modi.
According to Obama’s offer, the US is likely to finance solar power expansions in India, reports Reuters.
The Indian Government intends to raise solar power generation capacity nearly 33 times to 100,000MW by 2022.
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By GlobalDataThe country seeks investments worth $100bn for solar project developments, offering scope to US firms such as First Solar and SunEdison.
Meanwhile, US and India are at mutual disagreement over state support for solar power at the World Trade Organisation.
Previously, the US claimed that the domestic content requirements (DCR) for Indian national solar programme were not in compliance with WTO regulations.
NTPC, which is chiefly a thermal power producer, wants to commission renewable power projects in India, with a combined generation capacity of more than 11,500MW by 2032, reports Reuters.
