Generation Based Incentive is back; Ministry to get Rs.800-crore

One of the major gainers of the Union budget is the wind energy sector, with Finance Minister P. Chidambaram announcing the reintroduction of the Generation Based Incentive (GBI). A sum of Rs. 800 crore is to be provided to the Ministry of New and Renewable Energy (MNRE) for this purpose.

“The non-conventional wind energy sector deserves incentives,” he said.