Indian Government set's ambitious targets of 15,000MW of Wind Power during the 12th Plan Period

Monday, March 4, 2013 0 comments

The Indian Government has initiated a new plan through which the country is planning to install 15000 MW of wind power during the 12th Plan period.

Also the government has also announced that the country's Wind installed Capacity has reached 18,551 MW, which is about 9% of the Total installed Power Capacity and the average capital expenditure for setting up one MW wind power project is approximately Rs.6 crores.

The Government has been promoting wind power projects through private sector investment by providing fiscal and promotional incentives such as 80% Accelerated Depreciation, concessional import duty on certain components of wind electric generators, excise duty exemption to manufacturers. 10 years tax holiday on income generated from wind power projects is also available. 

Loans for installing windmills are available from Indian Renewable Energy Development Agency (IREDA) and other Financial Institutions. Technical support including wind resource assessment is provided by the Centre for Wind Energy Technology (C-WET), Chennai. This apart, preferential tariff is being provided in potential states. A Generation Based Incentives (GBI) was available from December 2009 to 31st March 2012, under which Rs. 0.50/unit generated from wind power projects was provided to the projects which did not avail Accelerated Depreciation (AD) benefit.  

The Centre for Wind Energy Technology (C-WET), Chennai, the Government has undertaken an extensive wind resource survey programme to identify the potential sites for wind power projects.  A total 701 wind monitoring stations have so far been established in the country.  The data collected is available with C-WET, which is used by various stake holders in wind sector. 

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