Would larger scope in terms of capacity in the existing GBI scheme help?
Mr Majumdar: The present GBI scheme is a demonstration project and it therefore has a limited scope of 49 MW only. We have seen a tremendous response in excess of 300 MW from wind power IPPs for the GBI scheme announced. The GBI scheme certainly needs expansion for encouraging serious power sector players to enter the arena of wind power generation. However, the generation based incentive scheme needs to be administered in a simple, foolproof and transparent manner for it to be successful. IWC: From a financers point of view, how do you see the existing policy and regulatory framework and the direction its going in? Mr Majumdar: Policies and regulatory frameworks define market mechanism so that the rules of the game are clear and investors know for a foreseeable period of time in the future what the market scenario is likely to be. To that extent, we are going in the desired direction. Various instruments for creating conducive market mechanisms such as renewable portfolio obligations,
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- Would larger scope in terms of capacity in the existing GBI scheme help?
