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Govt initiates new scheme to tap wind energy

Aug 17, 2008 - Asia Pulse Data Source

New Delhi - Government today said it has initiated a new scheme for wind power generation in a bid to tap the 45,000 mega watt power potential of the non-conventional resource.

The present wind power production stands at 8,760 mw and the Ministry of New and Renewable Energy has set a target of 10,500 mw for the 11th Five Year Plan plan.

"The ministry has initiated new scheme of Generation Based Incentive (GBI) scheme for wind power generation," an official statement said here today.

The objective of the scheme is to attract new and large independent power producers to wind sector, it said.

The GBI would be paid only to Grid Interactive plants with a capacity of 5 mw or more. The rate of GBI be 50 paise per unit of electricity and would be paid for a period of 10 years, the statement added.