Govt offers 3.8 bn in subsidy for wind power

Govt offers 3.8 bn in subsidy for wind power

The subsidies are earmarked for developers till 2012, the ministry said in a statement put on its website.

Wind power projects will be given 0.5 rupees per unit of power fed into the power grid with a ceiling of 6.2 million rupees per mega watt for a minimum 4 years and maximum 10 years, the ministry added.

The subsidies will be applicable to projects of up to 4,000 MW and detailed guidelines will be issued later, it added.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry