Government to promote and create new markets in renewable energy sector

22 Dec 2022 CW Team

Government have taken several initiatives for promotion and creation of new markets in the renewable energy sector. These include :

Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route.

Waiver of Inter-State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by June 30, 2025.

Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2029-30.

Setting up of Ultra Mega Renewable Energy Parks to provide land and transmission to RE developers on a plug and play basis. Schemes such as Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM- KUSUM), Solar Rooftop Phase II, and 12,000 MW CPSU Scheme Phase II.

Laying of new transmission lines and creating new sub-station capacity under the Green Energy Corridor Scheme for evacuation of renewable power.

Setting up of Project Development Cell for attracting and facilitating investments.

Standard Bidding Guidelines for tariff-based competitive bidding process for procurement of Power from Grid Connected Solar PV and Wind Projects.

The government has issued orders that power shall be dispatched against a Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to RE generators.

Implementation of a Production Linked Incentive (PLI) scheme for solar PV manufacturers for Rs. 240 billion.

Imposing Basic Customs Duty on cells and modules to encourage domestic manufacturing.

Notified the National Bioenergy Energy Programme with an outlay of Rs 8.58 billion under Phase I to promote waste to energy, biomass and biogas programmes.

Promulgated the Green Open Access Rules to enable the commercial and industrial sector to generate and procure energy for their own consumption.

Also read:
Shyam Metalics acquires Mittal Corp
NHIDCL signs MoU with NIT Manipur for highways construction

Infrastructure Transport

24 Dec 2025

Modi Inaugurates Guwahati’s Nature-Themed Airport Terminal

Prime Minister Narendra Modi on Saturday inaugurated the new terminal building at Lokapriya Gopinath Bardoloi International Airport in Guwahati, Assam, marking the launch of the country’s first nature-themed airport terminal. Built at a cost of Rs 40 billion, the terminal is designed to significantly enhance aviation infrastructure in the Northeast. Following the inauguration, the Prime Minister toured the facility and unveiled an 80-foot statue of Lokapriya Gopinath Bardoloi, Assam’s first chief minister, after whom the airport is named. Addressing the gathering, Modi said modern airport ..

Shree Cement To Invest Rs 20 Billion In Maharashtra Plant

Shree Cement Ltd has announced an investment of Rs 20 billion to set up a new cement plant in Maharashtra, the country’s third-largest cement maker said on Friday at the World Hindu Economic Forum (WHEF) 2025. The letter of intent for the proposed investment was signed in the presence of Maharashtra Chief Minister Devendra Fadnavis in Mumbai. Shree Cement chairman Hari Mohan Bangur said the company will establish a 2 million tonnes per annum plant in Chandrapur district, where land has already been acquired. He added that the project is awaiting environmental clearance and, once approved, is..

Institutional Realty Investments Hit Record $10.4bn In 2025

Institutional investments in India’s real estate sector rose to a record $10.4 billion in 2025 across 77 transactions, marking the second consecutive year of all-time highs and a 17 per cent increase over $8.9 billion in 2024, according to property consultant JLL. In addition to completed transactions, the year also saw platform commitments worth $11.43 billion, earmarked for phased deployment over the next three to seven years. Nearly the entire commitment value, around $11 billion, was linked to a single platform deal by Digital Connexion, a strategic joint venture between Reliance Industr..