NEW DELHI: The government has collected Rs 40,000 crore as cess on coal through the National Clean Energy Fund, but even as intended beneficiaries continue to wait for disbursement, it has allocated just over 1 per cent of this amount to the ministry of new and renewable energy (MNRE), the nodal department for developing clean energy in the country.
Worse, of the Rs 500 crore of the NCEF amount disbursed to it, the ministry has spent just Rs 1.6 crore on clean energy projects over the past three years. Replying to an application filed by ET under the Right to Information Act, the ministry further disclosed that it had spent just Rs 57 lakh since 2011 on grid-connected projects that are supposed to be priority for the government's clean energy initiatives.
The NCEF was set up in 2010-11 for promoting clean energy in the country. The lack of inter-ministerial coordination and delay in allocation have resulted in stalling of projects worth Rs 10,000 crore for want of allocation of funds from the NCEF, the ministry officials said.
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http://economictimes.indiatimes.com/industry/energy/power/of-rs-40k-crore-national-clean-energy-fund-only-rs-1-6-crore-spent-on-projects-in-last-3-years/articleshow/36453603.cms
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