The Cabinet Committee on Economic Affairs (CCEA) Thursday approved the proposal to amend the guidelines for appraisal and approval of projects eligible for financing under the National Clean Energy Funds (NCEF).
By these amendments, existing appraised and approved schemes and programmes for the new and renewable energy sector that are found eligible will get financing from the NCEF.
This approval for the finance ministry's proposal allows two new and renewable energy ministry programmes - Grid Interactive and Distributed Renewable Power and Research Design, Development in Renewable Energy - to be financed from NCEF in 2013-14, an official statement said here.