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Key budget announcements in the energy sector last year: A recap

It is that time of the year again when the industry eagerly awaits the government to announce reforms and policies that will not only shape up their next year of operations but also affect their respective sectors.With the Union Budget round the corner, ETEnergyWorld takes a look back at the announcements made in the energy sector last year by Finance Minister Arun Jaitley.The biggest announcement that left the coal sector worried after the budget was the doubling of clean energy cess on coal, lignite and peat to Rs 400 a tonne from Rs 200.The government has been focussing to promote renewable energy and cut down the usage of coal. However, the cess was seen raising power generation cost, especially of merchant power producers who do not ha.....

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