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New & Renewable Energy Development Corporation of Andhra Pradesh Ltd.,

(A State Govt. Company)

(Formerly Non-Conventional Energy Development Corporation of Andhra Pradesh Ltd.,)

Incentives

New & Renewable Energy Development Corporation of Andhra Pradesh Ltd.

Incentives


MNRE is providing capital subsidy to the Bagasse based co-generation power projects. The eligible capital subsidy for projects in private sector is Rs. 15 Lakhs X (capacity in MW.) ? 0.646. For the projects setup in cooperative/ public/ Joint sector the eligible subsidy is as follows,

40 bar & above Rs. 40 Lakhs / MW
60 bar & above Rs. 50 Lakhs / MW
80 bar & above Rs. 60 Lakhs / MW

Maximum support of Rs. 8 Crores per project. For new sugar mills ( which are yet to start production and sugar mills employing backpressure route/ seasonal/incidental cogeneration ) subsidies shall be one half of the level mentioned above.