MNRE will receive Rs.1521 crore for funding renewable energy activities during 2013-14

Tuesday, April 23, 2013 1 comments

A Gross Budgetary Support (GBS) of Rs.1521 crore has been provided to the Ministry of New and Renewable Energy (MNRE) during 2013-14, in comparison to GBS of Rs. 1385 crore and Revised Estimates of Rs. 1150 crore during 2012-13, for development and promotion of renewable energy activities. 

An expenditure of Rs.1106.79 crore was incurred by MNRE for development and promotion of renewable energy sources, which is about 80% of the GBS and over 96% of the Revised Estimates for the year 2012-13. Against the target of 4125 MW grid connected capacity and 126 MW off-grid applications, the achievements have been 3163 MW and 147 MW respectively during 2012-13. 

The Government is continuing various incentive schemes to promote the new and renewable energy sector generation based incentives, viable gap funding etc. to further support the Renewable Energy sector.  

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