Hi Romit, happy new year! Glad to get the newsletter back in my inbox. To your third point, I still remain sceptical of the progress renewable energy can make in India. The demand is there, but widespread project delays, a policy that fluctuates every six months, companies waiting for government incentives in perpetuity while lobbying more than manufacturing, overreliance on China, and the States not paying their dues have and will plague its growth, even in the coming decade. Global investors are already pulling out, and banks are worried about defaults. We still can't get users to adopt smart or pre-paid metering, and as a result, theft and poor billing are far too common.
I do hope that your optimism works out for the sector, but the private sector and the government are in a wild west standoff. Everyone has ideas, nobody wants to invest money to get them to fruition.
Hi Romit, happy new year! Glad to get the newsletter back in my inbox. To your third point, I still remain sceptical of the progress renewable energy can make in India. The demand is there, but widespread project delays, a policy that fluctuates every six months, companies waiting for government incentives in perpetuity while lobbying more than manufacturing, overreliance on China, and the States not paying their dues have and will plague its growth, even in the coming decade. Global investors are already pulling out, and banks are worried about defaults. We still can't get users to adopt smart or pre-paid metering, and as a result, theft and poor billing are far too common.
I do hope that your optimism works out for the sector, but the private sector and the government are in a wild west standoff. Everyone has ideas, nobody wants to invest money to get them to fruition.