West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report.
The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, West Bengal Green Energy Development Corporation Ltd (WBGEDCL), which has not taken any serious initiative in this direction, the Comptroller and Auditor General of India (CAG) said.
“GEF was to be created with equity contribution of the West Bengal government and contributions from international donor agencies. However, the WBGEDCL did not take any initiative to create the fund,” it observed in the March 2017 audit report.
Citing the example of Maharashtra, the CAG noted that the Green Cess Fund created by the western state has generated Rs 2,315 crore between 2008 and 2015. Read More
Latest posts by Moneycontrol.com (see all)
- Saudi Aramco partnering RIL has no impact on West Coast Refinery: HPCL - August 22, 2019
- India’s July petrol imports hit highest in at least eight years - August 22, 2019
- Gujarat govt allots land for India’s first Railway university - August 22, 2019