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• Government was working on an investment infrastructure fund for financing renewable energy and other power sectors, a top official of Indian Renewable Energy Development Agency (IREDA) said today. The Government was "seized" of the issue of creating a financial instrument for financing renewable energy and other power sectors, IREDA Chairman and Managing Director Debashish Majumdar said at two-day conference "RENERGY 2012" here. The request for the fund was made by IREDA, established under the Ministry of New and Renewable Energy, he said. "It is for the government to take steps. Creation of investment infrastrucutre fund is required. That is one of our wishlists", he said chairing a session on "Renewable Energy Financing-Showing you the Money".

• Majumdar said creation of investment infrastructure fund was not related to new and renewable energy alone but also to other sectors. "It is not only for Renewable energy but also required for other sectors", he said. To a question about subsidy to certain sectors, he said subsidies should not be continued on a long term point of view. "Subsidy is something that makes a project viable. But it is also important that subsidies get disappear over a period of time." Tamil Nadu Energy Development Agency, organising the two-day conference, said a proposal to set up an offshore facility to generate wind energy near Dhanushkodi in Tamil Nadu was being studied by the Centre for Wind Engergy Technology (C-WET). TEDA Chairman Sudeep Jain said C-WET has set up the high rise mast and added it would take at least one year for getting a result.

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