UP to announce Biomass Energy Policy 2015
The government is mulling providing 100% stamp duty on acquiring private land for setting up biomass power plant.
If such plant is set up under a joint venture with state nodal agency UP New and Renewable Energy Development Agency (NEDA), the latter would provide land as its equity share.
The draft policy is ready and now NEDA is soliciting suggestions from experts and general public before the government implements it. The policy would be effective for the next 10 years and be subject to amendments.
The dual purpose of the policy would be to meet a part of energy demand-supply gap in UP and to encourage renewable energy resources.
Biomass fuel is derived from organic material. It is renewable and sustainable source of energy to generate power. Examples of materials that make up biomass fuel are scrap lumber, bagasse, cattle dung etc.
Those eligible to set up biomass power plants under the policy includes government agencies, private companies, joint ventures, local bodies (both urban and village panchayat) etc.
Under the policy, maximum 2 acres of land per mw capacity could be acquired for setting up biomass power plant.