POWER

Power ministry extends timeline for transmission charges waiver for RE by 2 years

The power ministry on Friday announced the extension of the timeline by two years for waiver on inter-state transmission charge for electricity generated from solar and wind sources.

Now, the waiver would be available till June 30, 2025. Earlier, it was applicable till June 30, 2023. Besides, the waiver would now be available for Hydro Pumped Storage Plant (PSP) and Battery Energy Storage System (BESS) projects also.

“The Ministry of Power has issued an order today for the extension of the waiver of Inter-State Transmission system (ISTS) charges on the transmission of electricity generated from solar and wind sources for projects to be commissioned up to 30th June 2025,” a power ministry statement said.

Further, it said that the order promotes the development of solar, wind, Hydro Pumped Storage Plant and Battery Energy Storage System, trading of RE in the power exchanges, and seamless transmission of REpower across the states.

According to the statement, the waiver of inter-state transmission charges on the transmission of the electricity generated from solar and wind sources of energy that was available to solar and wind projects commissioned up to June 30, 2023, has now been extended till June 30, 2025.

The waiver of ISTS charges has also been allowed for Hydro PSP and BESS projects to be commissioned up to June 30, 2025, it said.

Source
ET Energy World
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