RENEWABLE ENERGY

ISTS waiver extension welcomed by renewable energy industry

The government’s decision to extend the waiver on clean energy-based inter-state transmission (ISTS) projects which are commissioned before June 30, 2023 has been met with relief by the industry, after covid-19 heavily set projects back.

“No inter-state transmission charges and losses will be levied on transmission of the electricity generated by power plants using solar and wind sources of energy, including solar-wind hybrid power plants with or without storage commissioned till 30th June, 2023,” said the Ministry of Power’s notification. The waivers will apply for 25 years after the commencement of the project.

“This extension will provide much-needed relief to the renewable Industry players whose project timelines have been affected by COVID-19 and its induced lockdown,” National Solar Energy Federation of India (NSEFI) chairman Pranav R Mehta told ET.

Source
ET Energy World
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