Return of incentive boosts Indian wind energy sector

The Indian government’s decision to re-introduce the Generation Based Incentive (GBI) has been welcomed by the wind power sector in the country.

“We are happy that wind energy sector has been recognized as a significant contributor to the power scenario of the country in the Budget 2013 proposals announced by the Union Finance Minister, Mr.P. Chidambaram”, said Mr. Ramesh Kymal, Chairman of the Indian Wind Turbine Manufacturers’ Association (IWTMA).

Wind power
“The re-introduction of Generation Based Incentive (GBI) is a timely intervention for the wind industry which was suffering for more than one year. Reintroduction of GBI assumes greater significance as the industry has an ambitious plan of capacity addition in the current Plan Period.

à‚ I am confident that the industry would bounce back by 2014-15 and may be able to cross the set target of 5000 MW capacity every year,” he added.

For more Asian power generation news

No posts to display