The Climate Parliament India, a group of young Parliamentarians, will write to the Prime Minister, seeking a review of the policy on usage of the National Clean Energy Fund (NCEF). The NCEF has an estimated corpus of Rs 3,000 crore and a large part of it remains unutilised.
Since “at least 80 per cent of the corpus currently remains unutilised” the Group wants creation of a corpus under NCEF focused on providing risk guarantees for all renewable energy projects, irrespective of the technology used and supported by the Centre and States. The Prime Minister may also be asked to consider viability gap funding for clean energy projects.