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Assistance for power projects

According to reports, the Ministry of New and Renewable Energy (MNRE) is providing Central Financial Assistance (CFA) for setting up of renewable energy based power generation projects in the country.

A statement issued by the union government states that with a view to develop new technologies and to bring down prices, MNRE has a comprehensive scheme to support Research and Development (R&D) in all areas of renewable energy (RE). It provides financial support for the R&D projects taken up by National Research Institutions, Academic Institutions & Universities, Autonomous bodies and Industry. Apart from supporting basic research, the Ministry also supports design, development, field demonstration and performance evaluation of RE systems/devices.

Emphasis is laid on involvement of industry with research institutions for commercialization of RE products and systems. MNRE also provides core support to strengthen R&D in renewable energy Sector to the institutions/organizations. MNRE has established Specialized Centers namely National Institute of Solar Energy (NISE), Centre for Wind Energy Technology (C-WET), National Institute of Renewable Energy (NIRE) and Alternate Hydro Energy Center (AHEC) for carrying out research, development and testing in Solar, Wind, Bio-energy and Small Hydro Power technologies respectively.The government has been encouraging the setting up of solar power plants for feeding power to grid, with fiscal / financial incentives available under MNRE schemes (including JNNSM), backed by facilitating policies of state governments. PSUs are also eligible to set up such plants under these schemes.

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