Rajasthan modifies wind energy policy to draw investment
The Rajasthan government Tuesday cleared amendments to its wind energy policy with an aim to attract investment in the sector.
The decision was taken at a cabinet meeting chaired by Chief Minister Vasundhara Raje.
"With the objective of promoting wind energy generation in the state and attract more investors in this sector, the cabinet gave its nod to the amendments in the wind energy policy," Parliamentary Affairs Minister Rajendra Rathore told media persons.
"The decision would pave the way for setting up projects of 400 MW annual wind power capacity and bring investments of around Rs.2,500 crore," he said.
The cabinet also gave its nod for purchase of wind power by electricity distribution companies at rates set by the State Electricity Regulatory Commission.
The cabinet decided to permit wind energy producers to sell power to other states.
A committee would soon be formed to review the allotment of government land for setting up wind energy plants, the minister said.
(Posted on 17-06-2014)
Free Yearly Horoscope: Select your zodiac sign