India's CFA has issued amendments to its policy for supporting biomass-based cogeneration projects, which provides central financial assistance (Ministry of New and Renewable Energy) to projects that have obtained a term loan from a financial institution. The rate of Ministry of New and Renewable Energy is INR2.5m ($34,765) per MW for bagasse cogeneration projects and INR5m per MW for non-bagasse projects. The amendments concern clauses on capacity addition and the sanction of proposals.
India's Ministry of New and Renewable Energy has issued amendments to its policy for supporting biomass-based cogeneration projects, which provides central financial assistance (CFA) to projects that have obtained a term loan from a financial institution. The rate of CFA is INR2.5m ($34,765) per MW for bagasse cogeneration projects and INR5m per MW for non-bagasse projects. The amendments concern clauses on capacity addition and the sanction of proposals.