FDI into Manufacturing Electronics in India

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India Briefing is a magazine and daily news service about doing business in India. We cover topics relating to the Indian economy, the market in India, foreign direct investment and Indian law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

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India to Provide Subsidies for Wind Power Projects

Posted on December 18, 2009 by India Briefing

Dec. 18 – The government will offer Rs3.8 billion (US$81 million) in generation-based subsidies for wind power projects contributing power into the national grid until 2012.

The Ministry of New and Renewable Energy said wind power projects will be paid 0.5 rupee (US$0.010) per unit of power fed into the power grid with a limit of Rs 6.2 million (US$132,234) per MW for at least 4 years and maximum 10 years. Projects of up to 4,000 MW will be qualified for the subsidies reports Press Trust of India.