CPI(M) General Secretary Sitaram Yechury Monday alleged that the BJP government at the Centre has been resorting to “illegal diversion” of clean energy funds to pay the states their share of Goods and Services Tax (GST).
The National Bank for Agriculture and Rural Development (Nabard) Saturday signed an agreement with Green Climate Fund (GCF) to infuse $100 million into the project designed to unlock private sector initiatives for the creation of rooftop solar power capacity across India.
India witnessed record installation of 1,538 MW of solar rooftop in the year ended September 30, taking the total capacity in the category to 3,399 MW, according to a report.
Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government’s 52.63 per cent stake in the company as it is a related party transaction, an official said.
The Uttar Pradesh government seeks private investments worth Rs 55 billion in the proposed Bundelkhand green energy corridor that is expected to generate 4,000 megawatt (MW) solar power, said a minister on Friday.
Maharashtra Energy Minister Chandrashekhar Bawankule Friday said the state government has directed the MERC to look into the issue of ‘increased’ electricity bills of Adani Electricity’s consumers in Mumbai.
The Centre’s plan to sell its stake in SJVN to the National Thermal Power Corporation (NTPC) is stuck for clearance from the Himachal Pradesh state government. The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2Gw of hydropower projects.
The world’s leaders have come to recognise water and the climate as major global risks. However, significant actions to tackle them haven’t been taken, according to a new report by China Water Risk (CWR), a non-profit organisation, that addresses business and environmental risks arising from China’s urgent water crisis.
Shares of Power Finance Corporation (PFC) fell as much as 4.76 per cent to Rs 85.95 per share on the BSE in morning trade on Friday after the Cabinet Committee on Economic Affairs (CCEA) Thursday gave an in-principle approval to the strategic sale of the Centre’s 52.63 per cent holding in Rural Electrification (REC) to…
Power company NTPC is likely to acquire the Central government’s stake in SJVN, an official said.