MNRE receives Rs 102390 million from NCEF since FY’15

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The Ministry of New and Renewable Energy (MNRE) has received Rs 102390 million from the National Clean Energy Fund in the three fiscals to 2016-17.

MNRE, NCEF, renewables, Piyush Goyal, india
“From FY 2014-15 up to the current financial year, i.E 2016-17, Rs 102390 million was allocated from the National Clean Energy Fund (NCEF) to the Ministry of New and Renewable Energy,” Union Power Minister Piyush Goyal said in a written reply to the
Rajya Sabha.

In addition to NCEF support, Rs 7875.3 million was received as Gross Budgetary Support in 2014-15 and 2015-16, he said.

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In 2014-15 and 2015-16, the allocation was fully utilised, Goyal said.

During 2016-17, Rs 42720 million was provided from NCEF to the ministry. Of this an expenditure of Rs 328230 million has been incurred till March 15, 2017.

For the next fiscal, the minister said, a budgetary allocation of Rs 534170 million has been made for the MNRE which will be sourced from NCEF.

By Baishakhi Dutta

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