The MNRE would move a proposal to the Cabinet to re-instate accelerated depreciation benefit to wind power generators.
“We hope in the next couple of weeks, it will go to the Cabinet. We want to give accelerated depreciation for two years. At the same time, Generation Based Incentive Scheme would continue for a longer period,” said Abdullah.
The scrapping of accelerated depreciation benefit to wind power generators has hit the competitiveness of small and medium enterprises sector, the largest investors in captive wind power projects, according to the Indian Wind Power Association.