Framework and performance of National Clean Energy Fund (NCEF)

From its inception in July 2010, the National Clean Energy Fund (NCEF) has collected revenues to the tune of Rs 1,066 crore in FY 2010-11, an estimated Rs 3,249 crore in FY 2011-12, and is expected to generate a further Rs 3,864 crore in FY 2012-13. However, little is known of its operational mechanics and performance to date. This brief attempts to demystify the process by evaluating the functioning of the NCEF under its present framework.