New Delhi: Insurance bonuses for renewable energy and hydro power projects are likely to increase when the tension between India and Pakistan, which increases the total costs of these projects.
Several solar and wind projects that are not covered against cylinder or conflict are trying to get further coverage, said an executive worker in the renewable energy company.
This hike in the bonus is expected to be against the background of increased air activity, with attempts at missile attacks and shelling in parts of Pandjab, Rajasthan and Jammu and Kashmir.
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The projects of water and green energy in the border countries are already in high readiness with increased safety. Rajasthan and Gujarat have large ground land along the western border that contribute more than 35% or 39 GW Indian installed solar capacity of 105.65 GW.
Similarly, Jammu and Kashmir and Himachal Pradesh have a significant potential of hydropower with a combined installed capacity of almost 15 GW and several projects in construction.
Ak Singh, CEO, National Thermal Power Corporation, Hydro Headquarters said: “There would be several solar and wind projects in the current scenario and about eight water projects in Jammu and Kashmir. Coverage, if it were covered, if it were covered if it was covered if it was covered if it were covered if it was covered if it was covered.
The main hikes in the bonuses were last observed in 2021 after the pandemic and in 2022 during the height of the Russian-Ukrainian War.
According to Vikram V, head of the Vice President and Group of the Company, Enterprise Evaluation, Investment Information and LTD rating agencies, given that a large number of real estate developers do not have coverage of war in its Green Power projects.
AMIT AGARWAL, CEO and CEO, Howden Insurance Brokers India PVT. LTD, noted that although rates have not yet been made, changes may occur due to the situation in the border areas.
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“In the case of ground property risk of the clause, they clearly exclude the coverage of war risks and war situations. However, the projects will not be affected, but the annual operational policy, especially operating, may be stored in the area of seizure. He added that the conditions would be uniform in war and war situations, although there may be more increase in the selection of risks.
Azeem Kanjiani, a member, the Executive Board, the security, the cautious insurance brokers, said that projects currently have an annual policy for riots, strikes and harmful damage, and there is a separate policy to cover terrorism and sabotage.
“Current projects are therefore largely indifferent. After saying that war coverage is looking for most projects and the risks of infrastructure attract significant bonuses if the war cover is actually available. Projects up to 200 km from the border would be uncertain for war.
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With the renewable energy capacity of 231.81 GW, India is one of the highest goals for investment in sustainability and new energy space. By 2030, India is expected to require an investment of approximately $ 200 billion to introduce real estate by 2030, according to Nomur, because the eyes reach a cumulative informative capacity of 500 GW.
(Tagstotranslate) water energy
