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News Brief | April 2016

Doubling of coal cess welcomed by SPD

Solar power developers (SPD) have welcomed Finance Minister Arun Jaitley┬┤s budget announcement of increasing the cess on coal from Rs.200 to Rs.400 per tonne, as it is likely to make solar power an even more competitive alternative.

The increase in cess would translate to an increase in coal power costs by `0.20 per unit. As such, the price of solar power has dropped well below `5 per unit, which compares well with the new coal price. It is also estimated that the move might enhance the corpus of National Clean Environment Fund by around Rs.14,000 crore a year.

Contact: Ministry of Finance
Tel: 011-23094595
Website: http://finmin.nic.in/

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