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Government Creates National Clean Energy Fund for Research and Innovative Projects

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....overnment Creates National Clean Energy Fund for Research and Innovative Projects <br>News and Press Release<br>Dated:- 14-12-2012<br><BR>Press Information Bureau Government of India Ministry of Ne....

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....w and Renewable Energy 14-December-2012 17:04 IST The Minister of New and Renewable Energy, Dr. Farooq Abdullah informed Lok Sabha today that the National Clean Energy Fund (NCEF) is created for fun....

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....ding research and innovative projects in clean energy technologies. Any project/scheme relating to innovative methods to adopt to clean energy technology and research & development shall be eligible f....

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....or funding under the NCEF. The total tax revenue generated through 'Clean Energy Cess' for NCEF was Rs1,066.45 crore (Actual) for the financial year 2010-11 and Rs 3,249.40 crore (Revised Estimates) ....

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....for financial year 2011-12. In respect of the current financial year (2012-13), the budgetary estimates are of Rs. 3,864.20 crore. Guidelines have been laid down for appraisal and approval of the pro....

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....jects/schemes eligible for financing under the Fund. Fifteen projects envisaging total support of Rs 1,974.16 crore, out of the NCEF have already been recommended by the Inter-Ministerial Group (IMG)....

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.... till date. *** UM/KM<BR> News - Press release - PIB....