This policy aims to leverage the state’s natural resources and infrastructural advantages to achieve its renewable energy goals. Below are some key highlights and objectives of the policy:
Following incentives shall be available for projects registered under this Policy
a) Exemption in Electricity Duty and Energy Development Cess:
- As per the provisions of Madhya Pradesh Vidyut Shulk Adhiniyam, 2012 projects shall be entitled to receive hundred percent (100%) exemption from payment of Electricity Duty on generation of electrical energy for period of ten (10) years from the date of COD;
- No energy development cess shall be payable on the power supplied by renewable energy projects for a period of ten (10) years from the COD.
b) Reimbursement of Stamp Duty
50% reimbursement on stamp duty on purchase of private land for the project shall be available to developers.
c) Government Land on concessional rate:
Government land, if available, shall be provided on concessional rate (rebate of 50% on circle rate) to developers.
d) Waiver of wheeling charges:
i. Facility of wheeling will be available to all RE power projects through MPPTCL/ MP Discoms, as case may be, as per wheeling charges specified by MPERC. 50% waiver on wheeling charges shall be applicable or as may be approved by Madhya Pradesh Electricity regulatory Commission from time to time. This waiver shall be applicable for 5 years from COD
Incentive of RE Equipment Manufacturers
The Government of Madhya Pradesh shall promote innovation and manufacturing of RE equipment in the State. The incentives shall be available to all manufacturers, based on the investment size, from start-ups to multinationals, from component designers to system developers, using a host of new technologies from Artificial Intelligence to Information Technology to advance the design and development of RE projects. To foster the concept of green manufacturing, RE equipment manufacturer will be encouraged to use RE power for manufacturing activities.
Investment size < Rs. 50 Cr. | Investment size => Rs. 50 Cr |
Eligible to avail general incentives as per respective policy of Industry/MSME Department based on investment size. | Eligible to avail special incentives earmarked for RE Equipment Manufacturing Sector under Industrial Promotion Policy. Note: A separate section would be carved out in the Industrial Promotion Policy enlisting the incentives for promotion of RE Equipment Manufacturing Sector. |
Incentives For Production of Green Hydrogen
Particular | Investment size < Rs. 50 Cr. |
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Production of “Green Hydrogen” using electrolysis process or any other commercial process that uses RE power | Eligible to avail general incentives as per respective policy of Industry/MSME Department based on investment size |
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Electrolyzer manufacturing units using RE power for manufacturing of Electrolyzer | Eligible to avail general incentives as per respective policy of Industry/MSME Department based on investment size |
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Electrolyzer manufacturing units using non-RE power for manufacturing of Electrolyzer | Eligible to avail general incentives as per respective policy of Industry/ MSME Department based on investment size. | |
Incentives for Energy Storage Projects (ESP)
1. Exemption in Registration Cum Facilitation Fees
- ESPs are exempted from 20% of registration cum facilitation fees.
2. Exemption in Electricity Duty and Reimbursement of Stamp Duty
- Similar exemptions as applicable to RE projects will apply to ESPs.
3. Government Land on Concessional Rates
- Government land, if available, will be provided at a concessional rate (50% rebate on circle rate).
