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>> Guide
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Untitled Document
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CENTRAL GOVERNMENT
INCENTIVES /FINANCES AVAILABLE |
Ministry
of Non-Conventional Energy Sources, Govt of India. |
In order to provide
a greater thrust for speedy development of hydro power sector, the
new hydro power policy was announced by Govt. of India (Ministry
of Power) in August, 1998, which recognized the role of Ministry
of Non-conventional Energy Sources (MNES), Govt. of India in this
sector. Accordingly the subject matter of SHP projects upto 25 MWs
has been transferred to MNES from Ministry of Power w.e.f. 29th
November, 1999. The incentives provided by MNES Govt. of India under
its SHP policy 2002-03, interalia, are as under : |
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Detailed
Survey & Investigation and preparation of Detailed Project Report
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1.75
lacs INR
(upto 1 MW) |
3
lacs INR
(1-10 MW) |
5
lacs INR
(10-25 MW) |
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Subsidy scheme for setting up of commercial
SHP Projects upto 25 MW station capacity by Private, Joint Sector
and others.
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| Upto
100 KW |
101
KW-999KW |
1 MW-25
MW |
45%
of project cost limited to 30,000 INR/KW |
45%
of project cost limited to 30 lacs INR + 21625 INR/KW
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45%
of project cost limited to 2.25 Cr. INR + 37.5 lacs
INR/MW |
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Indian Renewable Energy Development Agency
(IREDA)
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In addition to
the above, IREDA which is the financial arm of the MNES, Govt. of
India established to promote, develop and finance renewable energy
technologies and provides funding for development of SHP for setting
up commercial SHP projects upto 25 MW station capacity by Private,
Joint Sector & others on the following financial terms : |
Term Loan
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Upto 75% of project cost (upto
1 MW capacity) |
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Upto 70% of project cost (1-25 MW capacity)
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| Interest Rate |
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11.25% upto 1 MW |
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11.50% above 1 MW upto 5 MW |
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11.75% above 5 MW upto 15 MW |
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12.00% above 15 MW upto 25 MW |
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| Repayment Period |
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Maximum 10 years repayment |
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Maximum 3 years grace period |
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Quarterly installments |
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