Waste-to-energy projects get a “Big Boost”
Finance Minister, P Chidambaram exploring the Budget: 2013 with a promise to give incentive for waste-to-energy projects that would come up through public private partnership mode with city municipalities and are neutral to different technologies. Government will support municipalities that will implement waste-to-energy projects through different instruments such as viability gap funding, repayable grant and low cost capital.
According to the survey conducted by CPCB, Metro cities like-Delhi contributes 62% share in generating the municipal solid waste in India and by 2021 it will contribute 87%. Impetus given to waste-to-energy projects undertaken by municipalities by giving them viability gap funding will encourage more cities to adopt waste-to-energy projects. This will further boost more schemes to allow the cities and municipalities to take up waste-to-energy projects.
Er. Sheelam Khare
Source- The Economics Times