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MOP reliefs ISTS charges for Solar and Wind Projects

Ministry of Power has relieved interstate transmission system (ISTS) charges and losses on the transmission of electricity generated from solar and wind energy projects and shall be waived as long as they are commissioned before December 31, 2022, earlier deadline was before March 31, 2022. For projects won under competitive bidding and those supplying power to discoms to meeting their RPO, for such projects ISTS charges would be waived for a period of 25 years. Following this move by MoP to waive ISTS charges, recent solar tenders have received excellent response. Government must also mull over other issues like regulatory clearances, transmission bottlenecks, stable regulatory regime to build investor's faith in the solar segment which was drifted away due to Andhra Pradesh move to revise renewable PPA's.