Budget Reactions: Generation based incentive positive for wind sector: Ushdev

Arvind Prasad
Ushdev International

“Finance Minister’s announcement to reintroduce ‘generation-based incentive’ for wind energy projects is a welcome move for the industry. Also the announcement to provide low interest bearing funds from the National Clean Energy Fund (NCEF) is a good initiative. The scheme, which is for 5 years, will boost investment in the sector and we will see more renewable projects in coming period. Consumers too would be benefited thanks to low cost of finance. However, Channelizing only through IREDA appears restrictive. Allowing all major banks and financial institutions to use this fund would be more beneficial to the industry." Get full Budget coverage