Sterlite energy pays Rs 34 cr to environment protection fund
Sterlite Energy Ltd (SEL), a Vedanta group firm, has so far paid Rs 33.6 crore to the state Environment Management Fund in two tranches.
It deposited Rs 19.22 crore in August for the previous year charges and recently submitted a demand draft of Rs 14.39 crore towards the fund for the six month period between April to October 2012. According to the government policy, the Independent Power Producers (IPPs) must have to contribute six paise per unit every year to the fund for the power sold outside the state. The fund will act as an agency to reduce the carbon emission in the state.