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Title: Incentives for wind power producers to be simplified
Source:Business Standard
Date:2 July 2014

Ahead of the Union Budget next week, the ministry of new and renewable energy has taken up the issue of accelerated depreciation (AD) benefit with the ministry of finance.The issue of providing additional funding for generation-based incentive (GBI) and wind activities would also be taken up with the finance ministry, power and coal minister Piyush Goyal said on July 01 2014.Goyal held an interactive meeting with all the stakeholders in the wind sector here. In order to increase the corpus under National Clean Energy Fund (NCEF), the issue of higher cess on coal also came up for discussion. It was proposed the cess be increased from Rs 50 to Rs 100 a tonne. It was suggested there should be a long-term sustainable regulatory framework so that bigger projects could be planned.




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