.. Budget 2021-22: Major Focus On Energy Transition, Traditional Reform Areas
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01 Feb 2021

Summary

  • The Union Budget for 2021-22 has laid a major focus on capturing the emerging energy transition trends -- from Renewables to Hydrogen and even Smart Metering. At the same time, it has ramped up focus and outlay for traditional areas of the energy sector -- like discom revival and stressed assets -- where reforms have been long pending.

  • "To give a further boost to the non-conventional energy sector, I propose to provide an additional infusion of Rs 1,000 crore to SECI and Rs 1,500 crore to IREDA," Finance Minister Nirmala Sitharaman said in her Budget speech in Parliament. Sha also said a National Hydrogen Mission will be launched in 2021-22 for generating Hydr......

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