Rs 35K cr for energy transition: Energy sector awaits disbursement details

No decision has been taken on how to utilise this money for green initiatives and the government is yet to come out with any guidelines too

The Rs 35,000-crore Energy Transition Fund announced in the Union Budget has caused a furore in the energy sector as the entire amount has been directed towards the Ministry of Petroleum and Natural Gas (MoPNG), without clear disbursement details. 

Senior officials, however, told Business Standard that the total amount could be distributed among other energy ministries, such as power and new and renewable energy, as well. They also said a clarification is expected from the Ministry of Finance soon on the issue.

According to the expenditure budget of MoPNG, of the entire transition fund amount, Rs 30,000 crore has been