ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Rakesh Jhunjhunwala portfolio's net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market
  • Zomato-Blinkit Deal: Food aggregator accused of not sharing information about deal on time; Investors file complaint with SEBI
  • Delhi government monsoon session commences today; salary hike of ministers, MLAs on the cards
  • National Pharmaceutical Pricing Authority fixes retail prices of 84 drug formulations
  • Twitter Blue users on Android can now customise navigation bar
Read in App
Business News » India News

IWTMA demands 5-year policy framework to develop 50GW wind capacity

Indian Wind Turbine Manufacturers Association (IWTMA) has urged the government to implement feed-in-tariff (FiT) based bidding for large capacities and set up a five year policy framework to develop 50GW of wind projects and save this struggling industry. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
IWTMA demands 5-year policy framework to develop 50GW wind capacity
IWTMA in a meeting with the ministry of new and renewable energy made certain recommendations including waiver of interstate transmission system (ISTS) charges. Reuters

Indian Wind Turbine Manufacturers Association (IWTMA) has urged the government to implement feed-in-tariff (FiT) based bidding for large capacities and set up a five year policy framework to develop 50GW of wind projects and save this struggling industry. IWTMA in a meeting with the ministry of new and renewable energy made certain recommendations including waiver of interstate transmission system (ISTS) charges for captive consumers and FiT policy for less than 25 MW for small domestic investors in states, among others. "The wind energy sector has been reeling under tremendous pressure and struggling with the transition from FiT to reverse bidding with tariff cap regime resulting in to very low tariff. The tariff discovered is so low that it is neither bankable nor sustainable. Due to this, irrespective of bidding of 17GW, actual installation is around 700MW," IWTMA chairman Tulsi Tanti said in a statement here.

The recommendations include implementation of FiT and setting up a five years firm policy framework to develop 50GW of wind capacity, which will include National Institute of Wind Energy certified three wind zones. IWTMA has suggested that the tariffs for each zone for the five years will be fixed by the CERC as per the national tariff policy, which will reduce yearly by five paise. Also, the SECI will have to provide power purchase agreements based on the CERC tariff.

"In last two years, against countrys annual installed manufacturing capacity of 10GW, only 15 percent capacity is utilized. This low capacity utilization is not sustainable by the sector and has severely affected 4,000 SMEs and 2 million jobs. At this rate, achieving national target of 175Gw by 2022 will be a big challenge," Tanti said. He further noted that wind sector with up to 90 percent localization is truly 'Make in India' and FiT is more suitable for its sustained growth. "We need to unlock small and medium size investments at state level and promote export to fully utilize manufacturing capacity and be global hub for manufacturing wind power solutions," Tanti added.

IWTMA has also recommended waiver of ISTS charges for captive consumers under open access, uniform wheeling and banking policy for captive power consumers in the states, RPO enforcement in states and encouraging manufacturing with 30 per cent capital subsidy (from carbon cess), uniform 5 percent GST, 5 percent IGST and export incentive of 10 percent. "We are confident that with these initiatives, we will be able to provide affordable, sustainable and reliable energy to our nation. Also, it will create new jobs, provide energy security to the nation and support achieve 175GW by 2022," he added. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
wind energy
Written By: PTI
Updated: Tue, May 07, 2019
09:57 pm
Mumbai, PTI
RELATED NEWS
Suzlon Energy, associates commission offshore met station in Arabian Sea Suzlon Energy, associates commission offshore met station in Arabian Sea
India to get electricity from offshore wind energy in 5 years India to get electricity from offshore wind energy in 5 years
Inox Wind bags orders for 40MW projects from Gujarat’s Malpani Group Inox Wind bags orders for 40MW projects from Gujarat’s Malpani Group
Google largest buyer of renewable energy in the US Google largest buyer of renewable energy in the US
Renewable Energy Ministry to set up 1000 MW wind power projects Renewable Energy Ministry to set up 1000 MW wind power projects

LATEST NEWS

Apple AirPods Pro 2 likely to come with USB Type-C charging case - Check details

Noise ColorFit Pro 4, ColorFit Pro 4 Max smartwatches launched; price starts at Rs 3,499

Money Guru: How To Take Care Of Your CIBIL Score For Better Financial Planning? Expert decodes

Windfall tax impact likely to continue on oil refining firms, says Anil Singhvi; believes RIL may see revenue, profit contraction

Will recession hit Indian shores in six months? Zee Business Managing Editor Anil Singhvi decodes

Indian Railway opens sleeping pod hotel at CSMT

Solv raises USD 40 mn from Japan's SBI Holdings, others

National Apprenticeship Promotion Scheme Latest News: DBT - Govt to directly transfer Rs 1500 per month

Stocks to buy: Sanjiv Bhasin picks SBI, IDFC First Bank, Eicher Motors for gains today; check why

Stocks to buy today: Sigachi Industries, Sun Pharma, NFL and Federal Bank among list of 20 stocks for profitable trade on July 4

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV