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Budget 2021-22: Power & RE

09renewable energy
  • 139 Giga Watts of installed capacity and 1.41 lakh circuit km of transmission lines added, and additional 2.8 crore households connected in past 6 years

● Consumers to have alternatives to choose the Distribution Company for enhancing competitiveness

● Rs. 3,05,984 crore over 5 years for a revamped, reforms-based and result-linked new power distribution sector scheme

● A comprehensive National Hydrogen Energy Mission 2021-22 to be launched

● To give a further boost to the non-conventional energy sector, I propose to provide additional capital infusion of `1,000 crores to Solar Energy Corporation of India and `1,500 crores to Indian Renewable Energy Development Agency.

● In Part A, we have already acknowledged that solar energy has huge promise for India. To build up domestic capacity, we will notify a phased manufacturing plan for solar cells and solar panels. At present, to encourage domestic production, we are raising duty on solar invertors from 5% to 20%, and on solar lanterns from 5% to 15%.

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