By Newsgram Staff Writer
The Ministry of New and Renewable Energy is planning to generate 100 megawatt
“A target of 400 megawatt biomass power projects for the 12th Plan period and 100 megawatt during the current financial year i.e. 2014-15 have been set by MNRE,” said Power Minister Piyush Goyal in a written reply to a question in the Rajya Sabha.
The Minister further stated that fiscal incentives such as accelerated depreciation, concessional customs duty, excise duty exemption, income tax holiday for 10 years and preferential tariff are provided for biomass power projects.
In addition, the Central Financial Assistance of Rs.25 lakh per megawatt in special category states and Rs.20 lakh per megawatt for other states with a cap of Rs.1.50 crores per project is being provided by MNRE for setting up of the biomass power projects.
The State-wise details of biomass power projects set up so far is given below:-
State-wise list of commissioned Biomass Power Projects as on 31.01.2015
|S.No.||State||No. of Projects||Biomass Power
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