26-April-2024
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Economy News
 
Renewable Energy Projects Received $505 Million in Central Financial Assistance
18-Feb-2019

In a question and answer session in Rajya Sabha, the Minister of Power and New and Renewable Energy, R.K Singh declared the state-wise central financial assistance (CFA) that was released in 2018-19 (until February 5, 2019).According to Singh, in total the government has released around Rs.35 billion ($505 million) in CFA for renewable energy projects across India.Approximately Rs.23 billion ($327 million) was released to the Ministry of New and Renewable Energy (MNRE). Gujarat Rs.2.8 billion ($39 million), Andhra Pradesh – Rs.1.3 billion ($18 million) and Telangana – Rs.989 million ($14 million) were the top three CFA recipients of the year.

News Source:- https://mercomindia.com/renewable-505-million-central-financial-assistance/
 
 
 
 
 

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