Madhya Pradesh cabinet recently endorsed State’s new Wind Energy Project Policy .The new policy will accelerate the pace of establishment of 1200 MWs wind energy projects. Provisions for allotment and development of projects have been simplified in the new policy .
Developers will be able to invest about Rs.7200 crores under the policy .The policy specially encourages medium-level wind energy projects.So far , power generation projects of non conventional sources of energy used to be set under the Energy Policy of 2006 which expired in October 2011.
The projects will be sanctioned for 25 years .A developer will have to execute wind energy power development MoU within 60 days of receiving the allotment letter.He will have to start commercial production from the plant in 36 months .Wind energy projects will be given Industry status.
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