CHENNAI: Centre is considering removing a cap of 49 mw for private units in the area of wind power generation for providing them incentives and attra ct more players to the sector, a top official said today.
Deepak Gupta, Union Secretary for Ministry of New and Renewable Energy, told reporters here on the sidelines of the International Congress on Renewable Energy (ICORE) 2008 that a proposal in this regard was pending before the Planning Commission. Centre wants to remove the cap of 49 mw to ensure that any private player in the windpower generation sector obtained the incentives, he said but did not elaborate. Statistics show thatprivate investments on renewable energy had clocked USD 100 billion in 2007, with a chunk of it invested in wind energy. Further, the Government has appointed a consultant to prepare the draft for the Renewable Energy Law, he said adding the draft was expected to be submitted by the consultant in six months. He did not specify a timeframe as to when the law would be enacted. Earlier, speaking at the inauguration of ICORE 2008, Gupta said that the growth of renewable energy sector depended on the private sector and hoped the "robust growth" of the latter would ensure growth of this form of energy. "India is the third most preferred destination attracting investments on renewable energy," he added. On solar energy, Gupta said that it held `centrestage' and added India was looking forward to generate "thousands of megawatt" of solar power in the next decade in a "financially sustainable manner". Later, Lalitha Balakrishnan of All India Women's Conference was awarded the Solar Energy Society of India (SESI) Lifetime Achievement Award. N.Sukumar Research Analyst www.kences1.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
