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Central

Extension of the Scheme for continuation of Generation Based Incentive (GBI) for Grid Interactive Wind Power Projects for the 12th Plan Period

Last IREEED Review: 25 March 2014
Program Overview
State: Central
Technology : Wind
Date of Issue : 04 sept 2013
Nodal Agency : Indian Renewable Energy Development (IREDA)
 
Summary
Extension of the Scheme for continuation of Generation Based Incentive (GBI) for Grid Interactive Wind Power Projects for the 12th Plan Period was announced by MNRE on 04 Sep 2013. The broad objectives of this scheme are to broaden the investor base, to incentivize actual generation with the help of a generation/outcome based incentive and to facilitate entry of large IPPs and FDIs to thw wind power sector. IREDA is responsible for the implementation of this scheme. Under this scheme, GBI would be provided to wind electricity producers @Rs0.50 per unit of electricity fed into the grid for a period of not less than 4 years and a maximum period of 10 years with a cap of Rs 100lakhs per MW. GBI would be available to for wind turbines commissioned on or after 01.04.2012 and for the entire 12th Plan Period and would be governed by the Guidelines. GBI would be implemented in parallel with the existing fiscal incentive for grid connected wind power projects.
 
 
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