The government had commissioned waiver which was available to solar and wind projects till 31 December 2019 and 31 March 2019. This waiver was available for a period 25 years from the date of commissioning.
The government has extended the waiver of inter-state power transmission charges and losses for the solar and wind power projects commissioned till 31 March 2022, with a view to give a boost to clean energy sources. Now the waiver will be available to the projects for 25 years from the date of commissioning provided the developers sign power purchase agreements with entities, including discoms, for sale of power for compliance of their renewable purchase obligation.
The waiver would be available to only those projects which are awarded through competitive bidding process as per the guidelines issued by the central government. The incentive was not available to firms other than power distribution companies earlier. Other entities procuring clean energy from these projects were at disadvantageous position but now they can also avail the benefit.
The order plays significant role in view of India’s ambitious target of having 175GW of renewable energy capacities including 100GW of solar and 60GW of wind energy. At present, India’s installed renewable generation capacity is 62.84GW excluding large hydro projects above 25MW. The central government has planned to auction 40GW of solar energy capacities and 20GW of wind projects in 2018-19 and 2019-20 to meet the tall order.
New conditions for wavier of transmission charges and losses irrespective of purchasing entity will be applicable prospectively, the order dated 13 February 2018.
Source: Live Mint
A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility