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Malaviya Energy Consultancy

India: MNRE Assures Quicker Subsidy Disbursement

Submitted by Baerbel Epp on March 15, 2013

Tarun Kapoor, Joint Secretary of the Ministry of New and Renewable Energy in India, had invited all channel partners of the federal incentive programme to a meeting in New Delhi on 31 January 2013. Out of the 68 partners, 42 followed the invitation to discuss the pending subsidy payments and the targets in fiscal year 2013/2014. Kapoor assured that all subsidy claims would be settled as soon as possible. He set the target for 2013-2014 at a newly installed collector area of 2 million m² (see the attached report). “This ambitious target will generate a sense of confidence for future business activities in the Indian solar thermal sector,” the Joint Secretary said at the meeting.

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