Right after winning India’s largest solar cell manufacturing tender this month, Gautam Adani, chairman of Adani Enterprises, was reported to have said he would edge out Chinese solar products in 3-5 years. This would be an uphill task, given the fact that Chinese firms supply equipment for 78 per cent of India’s solar power project market.
Owing to a robust supply chain and remarkably low prices, China has been fuelling the power sector's growth in India for about two decades now — from coal powered units to solar power.
Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed