Power News We love to talk!
Government has collected Rs 6,857.50 crore in clean energy cess this fiscal, nearly the double the amount it garnered in the previous year.
Finance Minister Arun Jaitley in Budget 2014-15 has raised the cess rate from Rs 50 per tonne to Rs 100 per tonne to promote and finance clean environment initiatives and fund research in this area. The cess is presently levied on coal, peat and lignite.
In a written reply in Lok Sabha, Coal and Power Minister Piyush Goyal said Rs 3,527.75 crore was collected in the last fiscal as clean energy cess. In FY 2013, the amount was Rs 3,053.19 crore, while 2011-12 it was Rs 2,579.55 crore.
The country began imposing clean energy cess on raw coal and lignite in 2010.
Replying to a separate question, the minister said at present Coal Indiahas not initiated any proposal for price hike.
However, CIL may consider revision of the price of coal at a subsequent stage if there is any substantial increase or decrease in the input costs and the inflation indices.
- Coal linkages: captive power segment comes to CILs rescue Read more
- CIL may revise Rs 60,000-crore capex: Coal India chairman Sutirtha Bhattacharya Read more
- New norms for solar power bids to enhance transparency: MNRE Read more
- Tata Power posts Rs 115-cr loss Read more
- Can solar power hold the cheapest electricity tag? Read more
- Can PGCIL prevent grid collapse? Read more
- Delhi discoms seek to end contracts with state-run companies Read more
- Power exchanges begin trading of solar energy certificates Read more
- India, US set the ball rolling for Westinghouses nuclear plants Read more
- Nod for ONGCs HPCL acquisition sets in motion merger of govt oil companies Read more