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India props up wind power
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Tamil Nadu, India – The Government of India is promoting commercial wind power projects across the country, including a large amount in the State of Tamil Nadu. According to the government, it will provide incentives for the development of these projects.
The incentives include a concessional import duty for wind electricity generator sub-systems, excise duty exemption, ten years tax holiday on wind power projects, benefit of accelerated depreciation, term loan from Indian Renewable Energy Development Agency (IREDA) and identification of more potential locations by carrying out wind resource assessment studies.
The incentives include a concessional import duty for wind electricity generator sub-systems, excise duty exemption, ten years tax holiday on wind power projects, benefit of accelerated depreciation and term loans from Indian Renewable Energy Development Agency (IREDA). The government also plans to assist in identification of more potential locations by carrying out wind resource assessment studies.
The State Govt. of Tamil Nadu has a target of installing 2,500 megawatts of wind capacity during its next planning period. The Tamil Nadu plan is part of a wider effort from the Indian Government to to support wind resource assessment and demonstration projects in various States and R&D projects in the country.
March 12, 2008
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