Saturday, September 14, 2013

Generation-based sops announced for struggling wind power sector

After a hiatus of one and a half year without any subsidy or incentive scheme, the wind power sector would now be able to avail GBI with a retrospective effect. All the wind power projects launched after April 1, 2012 are eligible for GBI. The government would pay the producers Rs 0.50 for every unit of wind power generated. The maximum amount of incentive that could be availed has been increased to Rs 1 crore from Rs 62 lakh during 2011-12.

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