Energy

Union Budget 2014-15 has focused on policy and taxation reforms to provideimpetus to strengthening of the economy with the energy sector a key component

Renewable Energy Sector• Ultra Mega Solar Power Projects in Rajasthan, Gujarat, Tamil Nadu, and

Ladakh in J&K have been proposed and a sum of Rs. 500 crores has beenallocated

• Rs. 400 crore has been set aside for solar power driven agricultural pump setsand water pumping stations for energising one lakh pumps

• Rs. 100 crore is set aside for the development of 1 MW Solar Parks on the banksof canals

• Announced accelerated implementation of the Green Energy Corridor Project• Proposed expansion of clean energy cess to include financing and promoting

clean environment initiatives and funding research in areas of clean energy• Proposed to extend concessional basic customs duty of 5 per cent to

machinery and equipment required for setting up of a project for solar energyproduction

Renewable Energy Sector To promote domestic manufacture of solar photovoltaic cells and modules

exemption from basic customs duty to specified inputs for use in themanufacture of EVA sheets and back sheets and flat copper wire for themanufacture of PV ribbons. In addition, to the following have been madeexempt from excise duty:o EVA sheets and solar back sheets and specified inputs used in their

manufactureo solar tempered glass used in the manufacture of solar photovoltaic cells

and moduleso flat copper wire for the manufacture of PV ribbons for use in solar cells

and moduleso machinery and equipment required for setting up of a project for solar

energy productiono forged steel rings used in the manufacture of bearings of wind operated

generatorso machinery and equipment required for setting up of compressed biogas

plants (Bio-CNG)

Energy

Union Budget 2014-15 has focused on policy and taxation reforms to provideimpetus to strengthening of the economy with the energy sector a key component

Thermal Power Generation Rs. 100 crore has been allocated for preparatory work for a new scheme "Ultra-

Modern Super Critical Coal Based Thermal Power Technology" Adequate quantity of coal will be provided to power plants which are already

commissioned or would be commissioned by March 2015 An exercise to rationalise coal linkages which will optimise transport of coal

and reduce cost of power is underway 10 year tax holiday extended to the undertakings which are to be

commissioned by March 31 2017 Proposed rationalising duty structure on all non-agglomerated coal (anthracite

coal, bituminous coal, coking coal, steam coal) at 2.5 per cent basic customsduty and 2 per cent CVD

Energy

Union Budget 2014-15 has focused on policy and taxation reforms to provideimpetus to strengthening of the economy with the energy sector a key component

Energy

Union Budget 2014-15 has focused on policy and taxation reforms to provideimpetus to strengthening of the economy with the energy sector a key component

Natural Gas Announced focus on accelerating production and exploitation of Coal Bed

Methane (CBM) reserves Proposed to scale up usage of Piped Natural Gas (PNG) Proposed additional 15,000 km of gas pipelines using appropriate PPP models

Facilitation Implementation of ‘Indian Customs Single Window Project’ to facilitate import

and export Proposed to set up an institution to provide support to mainstreaming PPPs

called 3P India with a corpus of Rs. 500 crores, in order to develop moresophisticated models with quick redressal mechanism in PPP contracts

Energy

Union Budget 2014-15 has focused on policy and taxation reforms to provideimpetus to strengthening of the economy with the energy sector a key component

Distribution Allocated Rs 500 crore for “Deen Dayal Upadhyaya Gram Jyoti Yojana” for

feeder separation will be launched to augment power supply to the rural areasand for strengthening sub-transmission and distribution systems

Allocated Rs 200 crores to strengthen power sector reforms in Delhi

And Increased focus on manufacturing infrastructure (Export Promotion) Solution enabling the introduction of GST expected in the course of this year Proposed to set up of a high level committee to interact with trade and

industry on a regular basis and ascertain areas where clarity in tax laws isrequired

Proposed 16 new port projects to be awarded this year with a focus on portconnectivity. Rs.11,635 crore will be allocated for the development of OuterHarbour Project in Tuticorin for phase I

Proposed to develop SEZs in Kandla and JNPT. A comprehensive policy will beannounced to promote Indian ship building industry in the financial year

Proposed initiatives to encourage long term financing for infrastructure