State-run Bharat Heavy Electricals Ltd on Monday said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh highway. The project is covered under the Department of Heavy Industry’s FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India). “The establishment of electric vehicle (EV) chargers at […]
Category: Power
Power
Govt okays Adani Power’s Rs 14,000-crore SEZ project in Jharkhand
The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh, an official said. The project was approved by highest decision-making body on SEZ – Board of Approval – chaired by the commerce secretary, in its meeting on February 25, the […]
ICICI-Videocon case: ED raids offices, homes of Chanda Kochhar, Dhoot
The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations. The […]
NIIF to invest in CDC’s renewable energy platform Ayana
The National Investment and Infrastructure Fund of India (NIIF) and Eversource Capital,a joint venture between Everstone Capital and Lightsource BP, have decided to invest in Ayana, the renewable energy platform founded by UK’s development finance institution CDC. Along with EverSource Capital, a joint venture between Everstone Capital and Lightsource BP, the two partners will cumulatively […]
Solar energy installations drop 15%, tariff caps biggest concern
Solar energy installations in the calendar year 2018 dropped 15.5 per cent to 8,263 megawatt (MW) due to a safeguard duty regime, GST and land and transmission issues, says Mercom India’s new research. In 2018, investments in the Indian solar sector totalled over $9.84 billion, 15 per cent lower compared to the previous year. Rooftop […]
Private power producers sulk over priority to PSUs in coal allocation
Private power generators are peeved over the skewed priorities in allocation of coal. They alleged that public sector players are prioritized in coal supplies, leaving their private counterparts in a quandary. What’s more, private thermal power producers claim coal distress is growing as Coal India Ltd (CIL) and its flagship subsidiary South Eastern Coalfields (SECL) […]
Next goal 24/7 power for all; agri exempted from round the clock supply
Union minister of state for power R K Singh on Tuesday said the country was on path to achieve 100% household electrification by March 31, 2019 and the next goal would be for 24/7 power for all households. The agriculture sector has been exempted from supplying 24/7 supply as it may lead to water wastage […]
After household electrification, Centre to focus on power for agriculture
The Union government’s approval for solar-powered agriculture pumps last week is just a small part of its programme to provide power for agriculture. While the Centre’s emphasis was on household electrification, power for agriculture had so far not been pushed with much enthusiasm. The reasons range from it being more capital-intensive to power supply for […]
NCLAT asks Monnet Power Resolution Professional to consider BHEL’s claims
The National Company Law Appellate Tribunal (NCLAT) on Tuesday asked the Resolution Professional (RP) of Monnet Power Company to consider the claims of Bharat Heavy Electricals Limited (BHEL) in entirety if the latter was able to prove the same on the basis of “accounts and evidence”. The RP of Monnet Power had rejected BHEL’s claim […]
Lenders expect resolution of Essar Steel, Bhushan Power by end of March
By the end of next month, lenders expect to close the resolution of at least two names in the Reserve Bank of India’s (RBI’s) first list of major non-performing assets. These two are Essar Steel and Bhushan Power & Steel. Not enough to fulfill the central government’s earlier target of closing the remaining eight cases […]
Congress to put former Chhattisgarh govt’s zero power cut status under lens
Chhattisgarh’s much-publicized zero power cut claim had come under the lens of new Congress government which says it plans to examine the status. The previous Bharatiya Janata Party (BJP) government had showcased the zero power cut claim as one of its biggest feats during its 15-year rule. The then Chief Minister Raman Singh had asserted […]
REC must obtain consent from at least 50% of lenders for PFC deal
State-owned REC will have to obtain consent of at least 50 per cent of the foreign lenders before the company could be acquired by PFC as part of the disinvestment plans approved by the Cabinet. REC’s cumulative foreign debt stands at around USD 1.85 billion which will mature in phases till 2028 and the state-owned […]