Allocation for Renewable Energy

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.

This information was given by Minister for New & Renewable Energy, Dr. Farooq Abdullah in the Rajya Sabha today.

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AL/BD/BM