Renewable Energy
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HIGHLIGHTS |
Nodal Agency |
Jharkhand Renewable Energy Development Agency (JREDA) |
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Applicable Technologies |
Solar PV, solar off-grid systems, solar thermal, canal-top solar PV, solar cooling, solar dryers |
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Targets under Policy |
2650 MW by 2020
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Must Run Status |
Injection from SPPs shall be considered deemed scheduled |
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Eligibility Conditions |
Registered companies/firms/societies, govt. entities, consumers of DISCOM(s) and individuals |
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Tax Exemptions |
Equipments purchased for solar power projects shall be exempted from payment of VAT. |
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Evacuation Arrangement |
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OTHER PROVISIONS |
Distribution losses |
Shall be exempted for projects injecting at 33kV or below irrespective of voltage level at delivery point |
Incentives |
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Security Deposit for OA, REC |
Developer shall deposit, as bank guarantee, a security amount of Rs. 30 lakh/MW, within one month of issue of approval from JREDA. |
Performance bank guarantee |
Developers availing policy benefits shall submit bank guarantee @Rs.5 lakhs/MW to JREDA, valid for a period of 24 months for solar PV projects, and 40 months for solar thermal projects. |
Tax/Duty exemptions |
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Provision for policy review |
Mid-term review of policy after a period of two years or as and when need arises. |
Links |
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References |
http://mnre.gov.in/file-manager/UserFiles/state-power-policies/Jharkhand-Solar-Power-Policy-2015.pdf |
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