Government to waive off ISTS charges for Off-Shore Wind Projects

Daily Current Affairs / Government to waive off ISTS charges for Off-Shore Wind Projects

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Category : National Published on: June 02 2023

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The government has exempted offshore wind projects from inter-state transmission charges (ISTS) charges and exempted green hydrogen and green ammonia
The Ministry of Power, a complete waiver of ISTS charges has been given for off-shore wind power projects commissioned on or before 31st December, 2032 for a period of 25 years from the date of commissioning of the Project.
It objective to promote offshore wind power, expand green hydrogen and green ammonia projects, and encourage renewable energy from energy storage system projects
THE ISTS exemption for green hydrogen and green ammonia projects has been extended from June 30, 2025 to December 31, 2030