SEZs in New and Renewable Energy Sector

Indian Renewable Energy Development Agency (IREDA), a non-banking financial company is envisaging formation of a Special Purpose Vehicle to facilitate setting up a Special Economic Zone (SEZ) for production of renewable energy equipment. IREDA is discussing the issue with interested State Governments and Private Sector.

Maharashtra, Tamil Nadu, Karnataka, Madhya Pradesh and Chhattisgarh have evinced interest to facilitate setting up of such SEZs. However, the final decision to set up a SEZ would depend on various techno-economic considerations of investors.

This information was given by the Minister of State for New And Renewable Energy, Shri Vilas Muttemwar, in a written reply to a question by Shri J.M. Aaron Rashid, Shri Girdhari Lal Bhargava, in the Lok Sabha today.

Source: Press Information Bureau
Date: March 14, 2008