A host of Indian companies, including Reliance Industries (RIL), Videocon, Moser Baer, Titan Energy, KSK Energy Ventures and Signet Solar, have submitted proposals worth over Rs 60,000 crore to the government for manufacturing wafers, polysilicon, solar cells, solar photovoltaic modules (SPV) and liquid crystal display (LCD) for semiconductor devices.
To tackle increasing demand, the Union Ministry of Power has urged central and state public-sector power-generating companies (gencos) and state power and energy departments to pick projects that are undergoing insolvency proceedings. The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply. Increasing demand is pushing states to scout for more power sources. "It is requested that state-owned gencos may be encouraged to participate in the corporate insolvency resolution process (CIRP) of stressed power assets, which are of strategic and commercial significance to the capacity addition plans of the states concerned.
