Renewable Energy Programmes gets a New Impetus; Focus on Development of Energy Infrastructure

摘要

Giving a fillip to the country's renewable energy programme, the new government led by Narendra Modi has taken a slew of decisions in a span of six months to boost "Clean Energy" in the country. These include providing support to Rs 1000 crore to Central Public Sector units to set up over 1,000 MW grid connected solar photovoltaic power projects, setting up of 25 solar parks each with a capacity of 500 MW requiring financial support from the centre of Rs 4050 crore and setting up of over 300 MW of solar power projects by Defence and Para military establishments. With these decisions, India will emerge as a major solar power producing country as nowhere in the world are solar parks are being developed on such a large scale. The Government restored Accelerated Depreciation benefit in the Union Budget 2014 to give much-needed relief to wind power developers and to ensure ramp-up of production. This will enable to kick start & ramp up wind capacity addition expeditiously. The Government amicably resolved the anti-dumping duty dispute. A whole host of measures have been undertaken to make India "Solar manufacturing" hub with priority for domestic players in line with 'Make in India' programme. With these initiatives, domestic manufacturers will have greater visibility on order books, have an opportunity to upgrade technologically and be able to reduce costs.