Power News We love to talk!

DEC 19 2014

Clean energy cess mop-up in FY15 nearly doubles to Rs 6,857 crore

  • Economic Times, ET Bureau / Hyderabad
  • Created: Fri 19th DEC 2014

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.


Finance Coal Coal India Limited Clean Energy Energy Inflation Budget CIL Power

Related News

  • Govt to review the status of 72 coal mines  Read more
  • How electricity reforms boosted Indias stellar performance on Ease of Doing Business  Read more
  • Numaligarh Refinery unveils Diesel Hydro Treater Plant  Read more
  • IL&FS Engineering gets Rs 150-cr rural electrification project  Read more
  • Coal auction: First batch to go under the hammer in Jan  Read more
  • Lenders put Meenakshi Energys 1,000-mw plant on sale  Read more
  • CIL coal price tweak to impact power tariff: Sources  Read more
  • Cheap power for industry to push Make in India: Piyush Goyal  Read more
  • Bharat Heavy Electricals in big trouble: Powered down by poor order flows  Read more
  • Queensland invites Indian industry to invest in coal  Read more