POWER

Budget 2021-22: Decentralized Renewable Energy sector is the key for clean energy

The Union Budget 2021-22 is going to be presented at a critical time in India’s history where the country, along with the rest of the world, is reeling under the economic and healthcare crisis caused by the COVID-19 pandemic. As Finance Minister Nirmala Sitharaman aptly described a few days ago, this Budget is expected to be a never-seen-before one.

The power sector is a critical facilitator of all economic activities and business operations. As the countdown for the Union Budget 2021-22 begins, the sector will be expecting increased financial and policy support to enhance access to reliable, clean, and sustainable energy for the last mile. Rural India has availed increased socio-economic opportunities because of the access to reliable electricity.

This can be further strengthened if India, building on its past achievements, focusses strategically on mitigating energy poverty to create a resilient and sustainable socio-economic model.

Source
ET Energy World
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