Budget 2016: Jaitley allocates Rs 5036 crore for renewable energy sector - Feedback

Finance minister Arun Jaitley has allocated Rs 5036 crore for the renewable energy sector in Budget 2016. The finance minister in Budget 2015-16 had revised the target of renewable energy capacity to 1,75,000 MW till 2022, comprising 1,00,000 MW solar, 60,000 MW wind, 10,000 MW biomass and 5,000 MW small hydro.

As on December 31, 2015, cumulative capacity of about 38,820 MW off grid-interactive renewable energy capacity has been installed in the country which includes 25,088 MW from wind power, 4,878 MW from solar power, 4,177 MW from small hydro power and 4,677 MW from bio-power. The Ministry of New and Renewable Energy (MNRE) Joint Secretary Tarun Kapoor had recently said that while the one lakh MW target is ambitious, it’s achievable.


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