Investor Presentaiton
Advantages of Implementing FITS NOW
As there have not been any major projects harnessing renewable
energy in the past two decades due to lack of incentives and
support mechanisms prior to the RE Act, the country is already on a
"catch-up" mode in the development of RE.
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In 2010, RE accounted for around 50% of new electricity
capacity added globally and investment was estimated at US$
211 billion.
Commercial wind power is now utilized in 83 countries and solar
in more than 100 countries.
Worldwide, jobs created in RE industries exceeded 3.5 million in
2010.
Now is the most appropriate time to approve the FITS when the
country's demand for electricity is increasing annually and supply is
limited, thus giving RE developers in the country ample room to
participate in the energy industry and provide much needed
supply.View entire presentation