A Total Installed Capacity Of Over 10 400 Mw Has Been Added From Various Renewable Power Generation Projects

Clean EnergyThere has been a rapid growth in deployment of clean/ renewable energy projects in the country attracting major investments, domestic as well as foreign. A total installed capacity of over 10,400 MW has been added from various renewable power generation projects during the last three years viz. 2009-10, 2010-11 ">The renewable energy sectors which have progressed well are wind power, bio-power, small hydro power and solar power. The Government has taken several steps to encourage development of renewable energy sector. These include the following: o Private sector companies are partnering with government and co-investing in R">o Fiscal and financial incentives, such as, capital / interest subsidies, accelerated depreciation, nil/ concessional excise and customs duties; o Preferential tariff for grid interactive renewable power in most potential States following the provisions made under the National Electricity Policy 2005 and National Tariff Policy 2006; Uniform guidelines by CERC for fixation of such preferential tariffs being issued every year; o Jawaharlal Nehru National Solar Mission launched to facilitate large scale capital investment in solar energy sector; Payment Security Mechanism for grid connected Solar Power Projects under the Mission. The Government also has a policy to encourage transfer of foreign technologies, including those in renewable energy sector. FDI up to 100% under the automatic route is permitted in Renewable Energy Generation and Distribution projects subject to provisions of Electricity Act, 2003. This information was given by the Minister of New and Renewable Energy Dr. Farooq Abdullah in a written reply to a question in Lok Sabha today.

Reference: green-energy-technologies.blogspot.com