Government extends waiver of ISTS charges for solar, wind developers
POWER & RENEWABLE ENERGY

Government extends waiver of ISTS charges for solar, wind developers

The Ministry of Power has announced that the inter-state transmission system (ISTS) charges waiver will be extended until June 30, 2025, for solar and wind energy projects that have been completed.The waiver only applies to ISTS charges, not losses, and the order takes effect right away. The mi...

The Ministry of Power has announced that the inter-state transmission system (ISTS) charges waiver will be extended until June 30, 2025, for solar and wind energy projects that have been completed.The waiver only applies to ISTS charges, not losses, and the order takes effect right away. The ministry waived ISTS charges and losses on all solar and wind projects completed before June 30, 2023, in August 2020. Pumped hydro storage projects and battery energy storage systems (BESS) that are completed by June 30, 2025, are also eligible for the waiver, provided they meet the requirements. According to the terms, solar and or wind power must meet at least 70 per cent of the annual electricity requirement for pumping water in the pumped hydropower project.Contact: Ministry of Power.Website: www.powermin.gov.in

Next Story
Infrastructure Transport

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Next Story
Infrastructure Transport

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Next Story
Infrastructure Urban

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?