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Tuesday, 15 March 2016 17:21

Funds allocated by MNRE for R&D of New and Renewable Energy Technology

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 15/03/2016

Against the budget of Rs. 513.28 crore allocated by Ministry of New and Renewable Energy for research and development (R&D) of new and renewable energy technology, a total expenditure of Rs. 435.95 crore was incurred  during the last three years and the current year. This was stated by Sh. Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Rajya Sabha.

 

Year wise and subject-wise budget allocated and expenditure incurred is given below:-

 

Sl No.

Subject Area

Year-wise expenditure(release) in Rs.(crores)

2012-13

2013-14

2014-15

2015-16(up to Feb2016)

Funds Allocated

Expenditure

Funds Allocated

Expenditure

Funds Allocated

Expenditure

Funds Allocated

Expenditure

1.

Solar

47.50

47.50

54.80

54.80

44.80

44.80

33.90

33.25

2.

Biogas R&D/Biogas Bottling

2.00

1.42

3.00

3.20

10.00

8.02

1.00

0.86

3.

Biofuel

3.0

0.398

6.50

6.38

8.00

1.104

5.00

1.00

4.

Hydrogen and Fuel Cells

20.00

12.35

2.00

15.85

19.00

10.80

5.90

2.80

5.

Wind-Hybrid

2.0

2.0

6.00

6.0

2.00

2.0

2.94

2.94

6.

SHP

8.00

8.0

8.50

8.22

1.00

1.00

0.50

0.50

7.

Institutions

(a) NISE

(b) NIWE

(c) NIBE

16.00

20.00

15.00

16.17

16.58

3.91

27.000

14.00

20.25

27.14

19.52

6.50

40.00

12.64

10.55

49.36

10.96

4.39

20.00

5.00

15.50

6.23

 

Total

133.5

108.328

142.05

147.61

147.99

132.434

89.74

47.58

 

Total Funds Allocated – Rs. 513.28 crore

Total Expenditure – Rs. 435.95 crore

 

The Ministry of New and Renewable Energy released Central Financial Assistance including subsidy totalling Rs.8293.31 crore during the last three years and the current year for promoting new and renewable energy.  

 

 

The Minister further stated that details of step taken to promote use of renewable energy among public include the government policy initiatives   involving R&D, academic, industry and financial institutions for technology demonstration, training, resource assessment, publicity and awareness. Other steps taken to give impetus to use of renewable energy, include, providing various fiscal and financial incentives, such as capital/interest subsidy, generation based incentives, accelerated depreciation, concessional excise and customs duties, preferential tariff for purchase of power generated from renewable sources. A separate financing institution, namely, the Indian Renewable Energy Development Agency (IREDA) has been set up as a public sector undertaking for market development and financing of renewable energy projects. In addition, the Ministry organized the Global Renewable Energy Investors Promotion Meet (RE-INVEST 2015) on 15-17th February 2015 at New Delhi as an attempt exploring proliferating public/private sector investment to give boost to use of renewable energy.

Additional Info

  • News Section: Technology
  • Month: March
  • Year: 2016
Read 300 times Last modified on Tuesday, 15 March 2016 17:25

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