AHMEDABAD: In view of the weak financial conditions of the electricity distribution companies, the Ministry of New and Renewable Energy (MNRE) is trying ensure timely payments to the renewable energy project developers. It is already started discussions with the SERCs to figure out the modalities and soon going to write them to ensure first priority to the renewable power producers when it comes to payments.
Meanwhile, the ministry also plans to float new venture to promote electricity generation from biomass on the lines of recently formed Solar Power Corporation of India. Read more
Source : economictimes.indiatimes.com