Regulatory Framework For Development Of Offshore Wind Projects In India

1. Overview of Electricity Act, 2003

Overview: Under Indian law, both the Center/ Federal Government and the State Government have the authority to legislate on a matter related to electricity. The principal legislation that governs India's electricity sector is the Electricity Act, 2003 ("Electricity Act"). The Electricity Act consolidates the laws relating to the generation, transmission, distribution, trading, and use of electricity. The Electricity Act also provides for measures towards rationalization of electricity tariff, ensuring transparent policies regarding subsidies, promotion of efficient and environmentally friendly policies.

Generation of Electricity: The generation of electricity does not require any license. Any person may set-up a generating company in order to establish, operate, and maintain an electricity generating station. However, generation stations will need to comply with the technical standards, inter alia, relating to grid