Read the passage below and evaluate the following statement:
In October 2025, the Ministry of New and Renewable Energy introduced the Offshore Wind Micro-Grid Initiative (OWMGI). Under OWMGI, coastal state governments receive a central grant covering up to 50% of installation costs for offshore wind turbines, provided that at least 40% of the generated power is supplied directly to local desalination facilities. Furthermore, private energy developers are eligible for tax concessions only if their projects maintain an operational capacity of no less than 100 megawatts and allocate 15% of annual power production to low-income rural households.
Statement: Under the Offshore Wind Micro-Grid Initiative (OWMGI), private energy developers qualify for tax concessions provided their projects maintain an operational capacity of at least 100 megawatts and supply 15% of annual power output to low-income rural households.
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