The ‘tariff reduction’ order is seen making the financial procedures of the wind power generators a cumbersome process.
Coming as a relief for the clean energy players, Andhra Pradesh High Court has stayed an Andhra Pradesh Electricity Regulatory Commission’s order reducing tariffs of the wind power projects that received generation based incentives (GBI) from the Centre.
The ‘tariff reduction’ order is seen making the financial procedures of the wind energy generators a cumbersome process.
Moreover, the order by the state’s electricity commission APERC is expected to cost the 2000 MW wind power industry Rs. 2,000 crore as the generators have already assumed works with previously rolled out generation based incentives in their financial paperwork.
Additionally, with the HC’s stay order, the wind power industry in Andhra Pradesh expects the continuation of much favoring GBI.
The state with huge potential in wind energy generation has been a role model for other states with extensive wind power generation.
Harnessing renewable energy at its best, Andhra Pradesh has powered 3,526 tribal houses in the remote inborn villages of Vishakhapatnam. The power has been solely provided on the basis of solar energy with 3,526 solar rooftop panels for each family.