The multi-party Parliamentarians meet, organised recently by Climate Parliament, viewed that India has a huge potential of wind energy and MNRE should step up its effort to provide an enabling framework for the wind energy investors.
It has asked the government for immediate implementation of Generation Based Incentive (GBI) and reintroduction of Accelerated Depreciation (AD).
Also Read
It has also suggested the government to chalk out a long-term policy vision and implementation mission, alignment of national renewable energy deployment targets as per National Action Plan on Climate Change recommendations, enforcement of Renewable Purchase Obligation (RPO) targets and finalisation of a strong off-shore wind energy policy.
Addressing the conference held in Bangalore, Minister of State for Finance, J D Seelam, promised that his Ministry would extend its support in promoting Wind Energy.
The MPs Jhansi Lakshmi Botcha, Govardhan Reddy, Ratna Bai, Dhruvnarayan Rangaswamy (Congress), Gundu Sudharani (Telugu Desam), Vasanthi Stanley, K P Ramalingam (DMK), Mansukh Mandaviya (BJP), Vandana Chavan (NCP) and Anup Kumar Saha (CPI (M) attended the meeting, a Climate Parliament official said.
The meeting assessed that wind energy sector has been undergoing some critical issues after key financial incentives were withdrawn from the sector.
The investments in the year 2012-13 were almost half of the investments in 2011-12, they said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)