Govt expects Rs 3,864.20 cr this fiscal from clean energy cess

The government today said it expects to rake in Rs 3,864.20 crore tax revenues by way of clean energy cess this fiscal, higher than the amount received in 2011-12.

"The total tax revenue generated through 'Clean Energy Cess' was Rs 1,066.46 crore (actual) for the financial year 2010-11 and Rs 3,249.40 crore (revised estimates) for financial year 2011-12.

"In respect of the current financial year (2012-13), the budgetary estimates are of Rs 3,864.20 crore," Finance Minister P Chidambaram informed the Rajya Sabha in a written reply.

He was replying to a query regarding the National Clean Energy Fund (NCEF).

Till date, 15 projects envisaging total support of Rs 1,974.16 crore out of the NCEF have been recommended by the Inter Ministerial Group (IMG), Chidambaram said.

"During the financial year 2011-12, the IMG recommended 10 projects for NCEF support of Rs 573.05 crore, while during the current financial year, as on date, five projects have been recommended for NCEF funding of Rs 1,401.11 crore," he said.

NCEF is for funding research and innovative projects in clean energy technologies.

"The fund is neither an adjunct to the General Budget nor is it being misutilised," Chidambaram noted.

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