Sunday, June 20, 2010

Milestone in Wind Power Projet - Indian Government offers 3.8 billion subsidy for Wind Power .

The government would offer 3.8 billion rupees in generation-based subsidies to wind power projects feeding power into the national grid, Ministry of New and Renewable Energy said.

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

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