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The Government has recently approved Generation Based Incentive (GBI) scheme for wind power projects. As per the scheme, the Central Government would give incentive of Rs. 0.50 per unit of electricity fed into the grid with a maximum of Rupees one crore per MW over and above the feed in tariff provided by the States. This GBI scheme is applicable only for wind power projects.

Grid connected wind power projects of all capacities, set up after 1st April 2012, are eligible under the GBI scheme. The GBI amount is to be claimed in not less than 4 years and not more than 10 years. The wind power projects will have to be registered with Indian Renewable Energy Development Agency to claim incentives under the scheme.

This information was given by the Minister of New and Renewable Energy Dr Farooq Abdullah in the Lok Sabha today.