Addressing a national symposium on renewal energy, christened ‘Re-Powering Bihar: Energising Access and Opportunities’, organised by Centre for Environment and Energy Development (CEED) here, R Lakshmanan, director of Bihar Renewable Energy Development agency (BREDA), the nodal agency to facilitate implementation of the projects, said the incentives include reimbursement of stamp duty and registration costs, 100% reimbursement of land conversion fee in land use and interest subvention (grant of money from government) to all eligible units on the term loan availed by the unit from a scheduled nationalised bank or financial institution approved by RBI or SEBI.
As mentioned in the PPBNRES, if the promoters do not avail any term loan for the unit, they would not be eligible for interest subvention incentive.
Participants at the symposium included prospective investors, promoters, researchers, and representatives of industry bodies. CEO of CEED Ramapati Kumar dwelt at length on the solar energy scenario in the state.
Lakshmanan said Bihar’s stress on promotion of renewable energy is in sync with the Centre’s policy framework, and accordingly, any project proposal when implemented would get 25% subsidy each from the Centre and the state government on the project cost, with the remaining 50% cost to be borne by the promoter.