OLIVE EARTH

Indian clean energy sector has received investments worth 4993 crore between 2008-09 till 2012-12 (june). This is slowly emerging as long term bet for foreign investors, where FDI is aloowed upto 100% subject to electricity act provisions. Farukh Abdullah mentioned that REC, amendment of national tariff policy, generation based incentives for wind power are some of the initiatives that the government has taken to improve investments in this sector.  It is estimated that a renewable power generation capacity of 3400 MW (grid) and upto 130 mw (offgrid) will be added requiring an investment of INR 30000 crores.