Maharashtra Energy Development For Green Cess Of 5 Paise

Mumbai, Nov 13: | Updated: Nov 14 2003, 05:30am hrs
The Maharashtra Energy Development Agency (MEDA) has proposed to the state government imposition of green cess of 5 paise per unit to leverage financing of renewable energy projects in the state. MEDA, which is the nodal agency for promotion of renewable energy projects in the state, hopes collect annually Rs 80 crore through such cess.

MEDA director general GM Pillai, at the sidelines of Power India 2003 meet organised by the India Tech Foundation, told reporters on Thursday that the proposal was under consideration of the state government. He said the green cess could be imposed on the lines of diesel/petrol cess charged to fund the Prime Ministers Golden Quadrilateral project.

Mr Pillai said MEDA had approached the Maharashtra Electricity Regulatory Comm-ission (MERC) for the establishment of Energy Conservation Fund (ECF) through a contribution of 0.5 per cent of collections of utilities including MSEB. The initial size could be Rs 50 crore.

According to Mr Pillai, MEDA has also roped in National Productivity Council for the establishment of ECF. MEDA has proposed for energy conservation of 1,000 mw by MSEB in the next 10 years.

MEDA has also sought MERCs directives on the imposition of renewable portfolio standards applicable in Texas and Denmark.