With demonetisation slowing down project completion, several under-construction wind power projects of 2,000 MW capacity may miss the deadline for a generation-based incentive promised by the government.
“These projects are to receive an incentive of 50 paise for every unit of power generated, provided the projects are completed by March 31, 2017,” said Paras Sharma, vice president of Wind Independent Power Producers’ Association (WIPPA). “However, demonetisation has considerably slowed down project implementation and companies are worried they may lose the incentive,” he said. Sharma said completion of some wind power projects in Andhra Pradesh and Gujarat are could be delayed by two to three months. “We have requested the ministry of new and renewable energy to extend the March 2017 deadline by three months so that the projects do not miss the incentive,” he said.