Renewable Energy

Sector Highlights

• Madhya Pradesh is home to Asia's largest solar power plant (135 MW at Neemuch) and soon going to become home to world's largest solar power plant (750 MW at Rewa)
• The state has a very progressive policy framework for Renewable Energy sector which has resulted in tripling of capacity in the last five years (332 MW to 2,567 MW)
• Additionally, about 9,000 MW of projects are under construction in the state, in the sector
• Key players operating in the state include Gamesa Wind, Vikram Solar, Suzlon, Inox Winds and Continuum Wind

Investment Opportunities

• Generation
• Transmission
• Related equipment & machinery

Policy Highlights

• No Electricity Duty for first 10 Years
• Third party/Captive sale is allowed
• Sale outside the state permitted (Solar)
• 100% banking is permitted
• Wheeling charges reduced to 2%
• No VAT and entry tax
• Benefits of Industry Status
• Reduction in contract demand
• 100% CDM benefit to developer
• Bankable document for revenue land (on right to use basis)
• Only application is required in conversion to NA land usage status
• 50% stamp duty exemption on private land purchase