Bids for 8 GW Wind Power Finalised: RK Singh

As on date, the bids for setting up of wind power projects of aggregate 8389.90 MW capacity have been finalized through SECI and NTPC.

Taking giant leaps in the renewable energy secto0072, bids for setting up of wind power projects of aggregate 8389.90 MW capacity have been finalised through Solar Energy Corporation of India (SECI) and National Thermal Power Corporation, power minister R K Singh said.

“As on date, the bids for setting up of wind power projects of aggregate 8389.90 MW capacity have been finalized through SECI and NTPC,” Singh said in a written reply in the Lok Sabha.

Besides aforementioned projects, bids of 500 MW each have been finalised by the states of Tamil Nadu, Gujarat and Maharashtra.

The Government has set a target of installing 60 GW of wind power capacity by 2022, against which 35 GW capacity has already been installed

The Government is promoting wind power projects in entire country by providing various fiscal and financial incentives such as Accelerated Depreciation benefit; concessional custom duty exemption on certain components of wind electric generators. Besides, Generation Based Incentive (GBI) is being provided to the wind projects commissioned before 31 March 2017.

In addition to these incentives, various other initiatives have also have been taken to promote installation of wind capacity in the country including Technical support including wind resource assessment and identification of potential sites

In order to facilitate inter-state sale of wind power, the inter-state transmission charges and losses have been waived off for wind and solar projects to be commissioned by March, 2022.

The government has also issued Guidelines for Tariff Based Competitive Bidding Process for procurement of Power from Grid Connected Wind Power Projects. These Guidelines aim to enable the Distribution Licensees to procure wind power at competitive rates in a cost effective manner.