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Daily Archives: February 1, 2017

Budget 2017: Arun Jaitley sets aside Rs 5472 cr for renewable ministry

According to reports, in the Union Budget for 2017-18, Finance Minister Arun Jaitley allocated Rs 5,472.84 crore for the Ministry of New and Renewable Energy (MNRE), which is an increase of 25 percent from FY17 revised estimates. Last fiscal year the MNRE was allocated Rs 5,036 crore, an enormous jump of 1822 percent from FY16 revised estimates of Rs 262 crore. In the Budget speech Jaitley said that in solar energy, the government proposes to take up the second phase ... Read More »

Solar power to feed 7,000 railway stations says FM Arun Jaitley

According to reports, announcing the Union Budget for the 2017-18, Finance Minister Arun Jaitley said that around 7,000 railway stations will be fed using solar power and work has already began in 300 stations in that respect. The project is expected to feed at least 7,000 stations with solar power in the medium term. Jaitley also said that regarding this work will be taken up for 2000 stations as part of the government’s 1000 megawatt solar mission. Addressing the House ... Read More »

Budget brings lower indirect levies for clean energy equipment

According to reports, giving a boost to clean energy programme, Finance MinisterArun Jaitley today proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar parkdevelopment for 20 GW capacity. “In solar energy, we now propose to take up the second phase of Solar Park development for additional 20,000 MW capacity,” Jaitley said while presenting the Budget for 2017-18 in the Lok Sabha today. Besides, the minister ... Read More »

India ranks 4th globally in wind power installation: Survey

According to reports, India has attained the fourth position globally in installed wind power capacity after China, U.S. and Germany as a result of various steps in the “right” direction, the Economic Survey said today. With the legal framework in place for the International Solar Alliance (ISA), the brainchild of Prime Minister Narendra Modi and launched during the UN climate summit in Paris, ISA will be a “major” international body headquartered in India, it added. “As a result of various ... Read More »

Fiscal support crucial to enhance the potential of renewables in India

According to reports, in the early 1980’s India set a milestone by becoming the first country to set up unconventional energy resources. As a country with one of the highest potentials for the effective use of renewable energy, India began development of wind energy in the 1990’s, making it the world’s fifth-largest producer of wind power after Denmark, Germany, Spain and the USA. Although most private sector companies with large scale production units have shown propensity and involvement with renewable ... Read More »

Renewable energy sector looking for clarity on policy this budget: CLP India

According to reports, the renewable energy sector, in the upcoming union budget 2017-18, is looking for clarity on policy direction and incentives that will help continue growth across the sector, said Mahesh Makhija, Director, Business Development and Commercial (Renewables), CLP India. “To begin with, first question is whether the GST (Goods and Services Tax) will roll out and whether electricity sector will form part of the GST domain and be taxed at zero per cent under GST, which will allow ... Read More »

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