- Category: Industry Overview
Though there exists large renewable energy potentials, private sector is not keen as selling the same to grid is not economical. So to overcome this, many states are revising the purchase tariff of renewable energy. TN government has announced a hike in purchase rate from Rs. 2.90 to Rs.3.40 for wind power, similarly Gujarat govt. too increased wind power tariff from Rs.3.37 to Rs.3.50, MP govt. from Rs.3.97 to Rs.4.03. Central Electricity Regulatory Commission is currently looking at options to standardize this tariff across all states. It is also considering to make it mandatory to produce a percentage of power from renewable energy sources.