Solar Energy – JNNSM, Solar Cities, Solar Pumps, etc.

Budget’s impact on Solar Energy

  1. Outlay: Govt has allocated an outlay of above Rs.10,000 crore for 2016-17
  2. This includes Rs.5,000 crore from the National Clean Energy Fund (NCEF) & remaining from Internal & Extra Budgetary Resource (IEBR)
  3. Finance: A significant part of viability gap funding for solar power projects
  4. Diversification of sources of power for long-term stability
  5. Taxation: Clean environment cess on coal, lignite and peat has been doubled from Rs.200 to Rs.400 per tonne
  6. This would encourage the use of renewable sources of energy
  1. Outlay: Govt has allocated an outlay of above Rs.10,000 crore for 2016-17
  2. This includes Rs.5,000 crore from the National Clean Energy Fund (NCEF) & remaining from Internal & Extra Budgetary Resource (IEBR)
  3. Finance: A significant part of viability gap funding for solar power projects
  4. Diversification of sources of power for long-term stability
  5. Taxation: Clean environment cess on coal, lignite and peat has been doubled from Rs.200 to Rs.400 per tonne
  6. This would encourage the use of renewable sources of energy
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