The Union Ministry of New and Renewable Energy (MNRE) has announced an
incentive of 50 paise per unit of wind power fed by independent power producers
into the grid.
The generation-based incentive (GBI) by the MNRE is intended at attracting
investment in the wind energy sector and increasing the quantum of
grid-interactive renewable power.
The concession, to be continued till the end of the current Plan period
(2007-12), is likely to be provided to companies through the Indian Renewable
Energy Development Agency. The incentive, however, is to be limited to power
plants with a maximum installed capacity of 4,000 MW.