Budget 2017 gives big boost to renewable energy

Budget 2017 gives big boost to renewable energy
03/02/2017 , by , in ALLIED

The Budget has given a boost to renewable energy, announcing another 20,000 mw of solar park development in phase II and a slew of duty reductions on components for fuel cell-based power generating and biogas systems, as well as wind energy equipment.

The Budget has given a boost to renewable energy, announcing another 20,000 mw of solar park development in phase II and a slew of duty reductions on components for fuel cell-based power generating and biogas systems, as well as wind energy equipment.

“Work will be taken up for 2,000 railway stations as part of the 1000 MW solar mission.”

Power, coal, renewable energy and mines minister Piyush Goyal was pleased with the proposals.

“Through honest and transparent bidding, we have been able to bring down cost of renewable energy. The power sector is fast moving towards profitability and self-sufficiency with the UDAY programme. Power and mining sectors have received all that we had requested,” he said.

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