The Ministry of New & Renewable Energy (MNRE) has brought out the following schemes for encouraging Public Sector Undertakings (PSUs) to install solar power plants in the country.
Schedule VII of the Companies Act, 2013 enumerates the activities that can be undertaken by companies under their CSR policies. These areas/ subjects are broad based and intended to cover wide range of activities. The Ministry of Corporate Affairs vide General Circular no. 21/2014 dated 18.06.2014 has clarified the CSR activities enumerated in Schedule VII of the Act must be interpreted liberally. S. No. 16 of the annexure to the said General Circular mentions illustrative list of activities and states that “Renewable Energy Projects” may be covered under item no. (iv) of Schedule VII i.e., “ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro forestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the “Clean Ganga Fund‟ set-up by the Central Government for rejuvenation of river Ganga”;
More than 100 GW capacity of renewable energy projects have been installed in the country as it affords multiple benefits including lower tariff.
Indian Renewable Energy Development Agency (IREDA), a CPSE under MNRE, as part of its CSR initiative, has sanctioned an amount of ₹ 17.00 lakhs for setting up 8000 LPD Solar Water Heating System at Jawahar Navodaya Vidyalaya, Sindhudurg, Maharashtra during the financial year 2018-19.
This information was given by Shri R.K Singh, Union Minister for Power and MNRE in a written reply in Lok Sabha today.
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