Madhya Pradesh Pumped Hydro Policy – 2022
Objective- Establish Madhya Pradesh as a renewable energy hub and untap the State’s potential in pumped hydro projects.
Policy Period- The Policy shall be applicable for the period of 5 years from April 2023
Incentives for Pumped Hydro Storage (PHS) projects developers
- Government Land shall be provided on concessional rate (rebate of 65% on circle rate) to developers bidding for power procurement by MPPMCL
- 65% reimbursement on stamp duty on purchase of private land for the project shall be available to developers.
- Projects shall be completely exempted from paying the Electricity Duty for period of 10 years.
- Projects shall be completely exempted from Energy Development Cess for power supplied by renewable energy for a period of 10 years from the COD.
- Projects shall be provided 50% waiver on wheeling charges for a period of 5 years shall be extended as approved by MPERC from time to time.
- Projects shall be exempted from payment of 20% of registration cum facilitation fees.
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