Panel pulls up govt. for diverting coal cess:UPSC
The 42nd standing committee on energy in its report on stressed gas-based power plants tabled in Parliament earlier this month has pulled up the government for diverting coal cess to compensate States for revenue loss post-GST, and recommended financial support to the stressed gas-based power projects in the country from National Clean Energy Fund (NCEF).
- Coal cess is imposed at Rs. 400 per tonne of coal extracted. However, there has been diversion of coal cess to compensate the states for shortfall in GST revenue.
- Gas based power plants are operating below their installed capacity due to shortage of funds.
- The coal cess collected goes to the National Clean Energy Fund. This fund goes to the Public Accounts of India.