Renewable Energy
FSNL is setting up 21 MW Wind Farm to generate electricity from wind energy.The wind farm shall be installed in two phases of 9MW and 12MW.The first phase has been planned for completion by 2011-12 and accordingly action is being taken.
India has been pursuing a three-fold strategy for promotion of renewable sources of energy a) providing budgetary support for research, development and demonstration of technologies; b) facilitating institutional finance through various financial institutions; and c) promoting private investment through fiscal incentives, tax holidays, depreciation allowance and remunerative returns for power fed into the grid. Indian renewable energy programme is primarily private sector driven. It offers significant investment and business opportunities. A large domestic manufacturing base has been established in the country for renewable energy systems and products. Companies investing in these technologies are eligible for fiscal incentives, tax holidays and depreciation allowance apart from the remunerative returns for power fed into the grid. Further, the government is encouraging foreign investors to setup renewable power projects on Build-Own and operate (BOO) basis and in the renewable energy sector with 100 percent foreign direct investment.
Renewable energy has been given the central place in India's National Action Plan on Climate Change being finalized by the PM's Council on Climate Change. Renewable energy technologies have been identified as one of the key mitigation technologies for energy supply, transport, buildings, agriculture and waste management.
For further queries please contact
Mr P.K.Dutta /MR P.D.Swarnkar
Ph.9826166090/9926116795