Dr.Farooq Abdullah, Minister for New and Renewable Energy, was on 12th June present at the inauguration function of 5MW of Solairedirect. During the function while speaking to the press, Dr.Farooq Abdullah said that the Government is working to increase the % of local content that can be used under JNNSM.
“We want to encourage domestic industry also. The bidding would start in the coming month,” said Farooq Abdullah, Ministry of New & Renewable Energy (MNRE).
On wind power, Dr. Farooq Abdullah said that MNRE is working to re-instate accelerated depreciation benefit to wind power generators.
"We want to give accelerated depreciation for two years. At the same time, Generation Based Incentive Scheme would continue for a longer period,” said Abdullah.