(a) whether any Special Purpose Vehicle has been formulated for the Special Economic Zones
for New and Renewable Energy Sector in the country;
(b) if so, the details thereof ;
(c) whether any proposal has been received in this regard; and
(d) if so, the details thereof?
MINISTER OF STATE OF THE MINISTRY OF NEW AND RENEWABLE ENERGY(SHRI VILAS MUTTEMWAR)
(a)&(b): Indian Renewable Energy Development Agency (IREDA), a non-banking financial
company under the administrative control of this Ministry, is envisaging formation of a Special
Purpose Vehicle to facilitate setting up a Special Economic Zone (SEZ) for production of
renewable energy equipment. Presently, IREDA is in the process of discussing the issue with
interested State Governments and Private Sector parties.
(c)&(d): Maharashtra, Tamil Nadu, Karnataka, Madhya Pradesh and Chhattisgarh have evinced
interest to facilitate setting up of such SEZs. However, the final decision with regard to
setting up a SEZ would depend on various techno-economic considerations of investors.