Budget Highlights – 2013 on Energy Sector : Courtesy Infraline

 

FY14 Plan expenditure pegged at Rs 5.5 lakh crore

  • Current Account Deficit still high – One of the main reasons is high import of coal
  • CCI to be consulted in taking up decisions in oil/power/coal projects.
  • To seek assistance of World Bank and Asian Development Bank to build roads in north-east Indian states
  • Roads to be connected to Myanmar
  • Wind energy sector to get generation based incentives
  • Rs 8 billion allocated for Ministry of New and Renewable Energy
  • To encourage states to take up waste energy projects via PPP mode
  • 3,000 km of road projects in Gujarat, Maharashtra, Karnataka in first 6 months of 2013-14
  • Oil and Gas policy to be reviewed
  • Shale policy to be announced
  • Oil and Gas blocks under NELP to be cleared this year
  • Coal import in April-December at 100 mn tonnes, to rise to 185 mn tonnes
  • To encourage PPP projects along with Coal India.
  • Natural Gas Pricing Policy to be reviewed – to benefit ONGC, Reliance
  • Government approved discoms restructuring – states to be urged to sign MOU’s
  • Tax holiday for power plants extended to FY14
  • Regulatory authority to be set up for road sector
  • Rs 52.80 billion allocated to Department of Energy
  • Five LNG terminals in Dabhol will be operational in 2013-14
Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*