Sikhism’s most Holy Shrine the Golden Temple situated in Amritsar,Punjab will be now a part of the Green Energy Movement.The Punjab Energy Development Agency (PEDA) has awarded a project to retrofit 5 prominent places in the Punjab state with solar PV panels.The award for these projects has gone to Punj Lloyd one of the biggest […]
he valuation of this ETF is quite expensive given that Large Cap Nature of these Stocks.There are also some picks that I would avoid .It would make much more sense to invest in individual high quality infrastructure stocks especially since India has recently liberalized foreign investing in Indian stocks.I would advise someone to rather invest in NiftyBees which is listed on the Indian Stock Market.
While L&T and BHEL,the two Largest Capital Equipment Companies have won a lot of orders,the sheer scale of Demand requires Huge Imports as well.Low cost Chinese equipment providers like Shanghai Electric and Dongfang Electric have won almost half of the power equipment orders raising concerns amongst the Indian administrators.The relations between the 2 countries has always been testy with a major war being fought in 1962.Recently India banned Chinese telecom equipment providers Huawei and ZTE over Security Concerns.
UN’s CDM panel which decides on the eligibility of projects under this scheme has come under criticism for being too lenient in approving projects.It has been said that these projects sometimes lead to more emissions defeating the very purpose of this scheme.The Panel has become more discerning and has rejected around 50 Wind Projects in China because they were thought to be profitable even without these credits.
The competition has been extremely high for these projects leading to zero to negative returns for investors.This is due to a) low electricity rates on offer b) Aggressive bidding leading to even lower rates.This new phase of projects seems to be repeat of the old program.Giant state utilities can easily bid to win even if they lose money in the process.
The new law will impose a $2000 annual via fee for companies with more than 50% of its employees in the US who are working on visas.The law is specifically targeted at Indian IT companies from the letter and spirit of the law.It remains to be seen how this affects the growing closeness in India-USA relations.Though India has shown maturity by not coming out with a sharp retaliatory action,it will sour relations.