Kerala and Maharashtra to allot funds to promote renewable energy
POWER & RENEWABLE ENERGY

Kerala and Maharashtra to allot funds to promote renewable energy

In the recent state budget notifications, Kerala and Maharashtra took the lead to assign finances to boost renewable energy and electric vehicle (EV) progress in the state.

While the budget included several state development factors, the renewable energy-related reports have followed the trend the recent union budget has set to encourage the improvement of the non-conventional energy source at state levels.

Kerala Finance Minister KN Balagopal said that as part of eco-friendly transport initiatives, a sum of Rs 500 million would be rendered for the conversion of compressed natural gas (CNG), high speed diesel, and liquefied natural gas (LNG) buses into electric buses.

A viability gap fund (VGF) of Rs 320 million will be rolled out to enhance household non-conventional green energy production, comprising solar power.

A total of Rs 330 million is allocated for the Kerala Institute of Local Administration (KILA) to complete projects comprising survey works related to decentralisation, which began in 2020-21.

A sum of Rs 240 million is set apart for the State Water Transport Department to improve the ferry 82 system and purchase passenger-cum-tourist vessels, solar vessels, and new passenger vessels with adequate safety standards. Additionally, 50% of ferry boats will be transformed to run on solar power in the coming five years. An interest subsidy will be provided to loans availed by consumers for establishing residential rooftop solar in Kerala.

An amount of Rs 150 million is allocated for giving interest subsidy for a total loan amount of Rs 5 billion. The minister declared that a 25 kW capacity hydrokinetic turbine project would be established in Moolathara left bank canal under the Chittoor Irrigation Project. The capacity of this will be improved to 3 MW in the future. For the activities including this, an allocation of Rs 91.4 million is set apart for EMC.

Maharashtra Finance Minister Ajit Pawar announced an outlay proposal of Rs 2.53 billion for program expenditure for the Environment and Climate Change Department. The minister also declared that 577 MW of solar power projects would be set up in Maharashtra.

Apart from this 2.5 GW capacity solar energy park will be established in the state. Solar Energy Fencing Program would be implemented in all sensitive villages to avoid the loss of crops by wild animals, said Pawar.

The Government’s Draft EV Policy, 2021, aims to support sustainable and clean mobility solutions in Maharashtra.

Image Source

Also read: India adds record 1.7 GW solar rooftop capacity in 2021

In the recent state budget notifications, Kerala and Maharashtra took the lead to assign finances to boost renewable energy and electric vehicle (EV) progress in the state. While the budget included several state development factors, the renewable energy-related reports have followed the trend the recent union budget has set to encourage the improvement of the non-conventional energy source at state levels. Kerala Finance Minister KN Balagopal said that as part of eco-friendly transport initiatives, a sum of Rs 500 million would be rendered for the conversion of compressed natural gas (CNG), high speed diesel, and liquefied natural gas (LNG) buses into electric buses. A viability gap fund (VGF) of Rs 320 million will be rolled out to enhance household non-conventional green energy production, comprising solar power. A total of Rs 330 million is allocated for the Kerala Institute of Local Administration (KILA) to complete projects comprising survey works related to decentralisation, which began in 2020-21. A sum of Rs 240 million is set apart for the State Water Transport Department to improve the ferry 82 system and purchase passenger-cum-tourist vessels, solar vessels, and new passenger vessels with adequate safety standards. Additionally, 50% of ferry boats will be transformed to run on solar power in the coming five years. An interest subsidy will be provided to loans availed by consumers for establishing residential rooftop solar in Kerala. An amount of Rs 150 million is allocated for giving interest subsidy for a total loan amount of Rs 5 billion. The minister declared that a 25 kW capacity hydrokinetic turbine project would be established in Moolathara left bank canal under the Chittoor Irrigation Project. The capacity of this will be improved to 3 MW in the future. For the activities including this, an allocation of Rs 91.4 million is set apart for EMC. Maharashtra Finance Minister Ajit Pawar announced an outlay proposal of Rs 2.53 billion for program expenditure for the Environment and Climate Change Department. The minister also declared that 577 MW of solar power projects would be set up in Maharashtra. Apart from this 2.5 GW capacity solar energy park will be established in the state. Solar Energy Fencing Program would be implemented in all sensitive villages to avoid the loss of crops by wild animals, said Pawar. The Government’s Draft EV Policy, 2021, aims to support sustainable and clean mobility solutions in Maharashtra. Image Source Also read: India adds record 1.7 GW solar rooftop capacity in 2021

Next Story
Real Estate

BDA Lists 133 Plots For E-Auction, Bidding Opens 21 July

The Bangalore Development Authority (BDA) has invited online bids for 133 corner and intermediate residential plots spread across several of its layouts, including Anjanapura Township, JP Nagar Ninth Phase, Sir M Visvesvaraya, BTM Fourth Stage, Banashankari Third Stage, Nagarabhavi Second Stage, HBR First Stage Second Block, Austin Town and Arkavathi Layout Seventh Block at Jakkur. Plot sizes range from about 600 square feet to 4,500 square feet and will be sold on an “as-is-where-is” basis.Prospective buyers must register for the e-auction by 19 July, with live bidding to run from 21 July..

Next Story
Infrastructure Urban

Rajasthan Plots Leasing Model for Sitapura Plug-And-Play Park

The Rajasthan government is weighing three allotment formats—fixed monthly rent, fixed long- or short-term lease and e-auction—for its new plug-and-play industrial complex at Sitapura SEZ-II, Jaipur. The three-storey “flatted factory” scheme, built by Rajasthan State Industrial Development and Investment Corporation (RIICO), offers 33 pre-built units of 1,030 sq ft, 1,260 sq ft and 1,360 sq ft complete with power, water, internet and shared amenities such as parking, a conference hall, bank, canteen and reception.Officials say leases will run for at least 30 years with scope for extens..

Next Story
Infrastructure Urban

Incuspaze Buys TRIOS To Boost Revenue and Pune Presence

Managed-workspace provider Incuspaze has acquired smaller rival TRIOS in a cash-and-stock transaction, strengthening its foothold in Pune at a time when flexible-office operators eye the next wave of demand in non-metropolitan markets. The deal supports Incuspaze’s plan to lift operating revenue to between Rs 3.5 billion and Rs 4 billion in the year to March 2026 as global capability centres and multinational firms expand.Founded in 2015 by Pratik and Tejasa Potnis, TRIOS runs ten coworking hubs in Pune and two in Gurugram, serving more than 125 clients. Incuspaze, launched a year later by S..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?