The government is planning to set up an independent operator to manage common carrier capacity for all natural gas pipelines, which would give all gas marketers a level playing field going forward. “An independent gas transport system operator will be set up for facilitation and coordination of booking of common carrier capacity in all natural […]
Day: February 1, 2021
Solar cell, modules manufacturing plan to boost domestic firms
Finance minister Nirmala Sitharaman has announced a phased manufacturing plan for solar cells and modules, which is expected to boost domestic manufacturing capacity. Currently, nearly 80% of solar cells and modules are imported from China. Sitharaman said solar energy has a “huge promise” in India as her budget speech focused on sustainable power sources. She […]
Renew Power eyes merger with clean energy SPACs for US listing
Indian solar and wind power producer ReNew Power is exploring merger with one of the US-listed blank cheque financiers to capitalise on the growing frenzy of such vehicles that created with the sole purpose of acquiring an existing company. The Goldman Sachs Group-backed company has already held preliminary discussions with some blank cheque financiers, also […]
Power connection portability, Rs three lakh crore reform schemes in Budget 2021-22
The government will enable electricity connections portability to consumers by introducing competition in the power distribution space and kickstart a Rs 3 lakh crore reforms scheme for state power distribution companies, finance minister Nirmala Sitharaman announced on Monday. “The distribution companies across the country are monopolies, either government or private. There is a need to […]
Framework soon for electricity consumers to choose service provider: FM
Finance Minister Nirmala Sitharaman on Monday announced that the government will soon put in place a framework to allow electricity consumers choose service providers or discoms. At present, a large number of power distribution utilities (discoms) across the country are state-owned. They are unable to ensure 24-hour ‘power for all’ as envisaged by the central […]
India’s power consumption grows at 3-month high rate of 10.2% in January
India’s power consumption grew at a three-month high rate of 10.2 per cent at 111.43 billion units (BU) in January 2021, showing spurt in economic activities, according to official data. Power consumption in January 2020 was 101.15 BU. Besides, peak power demand also recorded a double digit growth of nearly 11 per cent at 189.64 […]
Tata Power gets LoI from OERC to operate power distribution system in north-eastern Odisha
Tata Power on Monday said that it has received a letter of intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in the north eastern part of the state. The company has received the LOI from OERC for Odisha’s five circles of NESCO constituting the areas of […]
Adani Green arm commissions 100 MW solar power plant in Jalalabad
Adani Green Energy on Monday said that its arm ASE4PL has commissioned a 100 MW solar power project at Jalalabad in Uttar Pradesh. “ASE4PL (Adani Solar Energy Four Private Ltd), a subsidiary of Adani Green Energy Ltd (AGEL), commissioned 100 MW (2×50 MW) Solar Power Plants at Jalalabad in Shahjahanpur district and Sahaswan in Budaun […]
Govt to launch national monetisation pipeline for potential brownfield infra assets
Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets. Sitharaman announced this while presenting 2021-22 Budget in Parliament. “National monetisation pipeline for potential brownfield infrastructure assets will be launched,” Sitharaman said. Last month Road Transport, Highways and MSMEs Minister Gadkari has said that National Highways Authority of India […]
8,500 km of highway projects to be awarded in FY22; Rs 25K cr earmarked for WB: FM Nirmala Sitharaman
Expressing commitment to augment the country’s infrastructure, Finance Minister Nirmala Sitharaman on Monday said projects for building 8,500 km of highways will be awarded by March 2022. While presenting the Union Budget 2021-22 in Parliament, the finance minister said poll-bound West Bengal will see highway projects worth Rs 25,000 crore. “To further augment road infrastructure, […]
Road & highway construction firms rally up to 13% on infra push in Budget
Shares of infrastructure firms, mainly engaged in the business of roads and highways construction rallied up to 13 per cent on the BSE in Monday’s intra-day trade after Finance Minister Nirmala Sitharaman announced a mega national highway project in poll-bound Tamil Nadu, West Bengal, Assam and Kerala. The Finance Minister announced an allocation of Rs […]
Road Min gets ‘highest ever’ allocation of Rs 1.18 trn in Budget 2021-22
Pinning hopes on infrastructure for job creation amid economic downturn, Finance Minister Nirmala Sitharaman announced an allocation of Rs 1.18 trillion for the Ministry of Road Transport and Highways. FM said that this is the ‘highest ever’ allocation for the department. The states of Tamil Nadu, Kerala, West Bengal and Assam will get highways worth […]