Category: Power

MUMBAI:Power Finance CorporationNSE 1.79 % plans to resolve 20-30% of its stressed assets worth Rs 28,000 crore over the next four months, chairman Rajeev Sharma told ET. The state-run lender to power projects expects the upcoming acquisition of Rural Electrification CorporationNSE 2.67 % (REC) to help in and expedite resolution of some stressed assets. “In […]

BENGALURU: Tariffs in Maharashtra’s latest solar auction for 1,000 MW, held on Monday, remained almost unchanged from the last one conducted eight months ago, with mostly domestic developers participating. Shiv Solar and Acme Solar won 50MW and 300MW respectively at the lowest winning tariff of Rs 2.74 per unit, while ReNew Power and Avaada Energy […]

Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next one and a half years to set up 20,000 charging stations across the country, a senior company official said. The firm, incubated at the Electropreneur Park funded by the Ministry of Electronics and Information Technology, has also tied […]

NEW DELHI: The Centre has exempted industries like steel, cement and metal from mandatory prior environment clearance for setting up a new or expanding the existing captive power plant employing waste heat recovery boilers (WHRB) without using any auxiliary fuel. The exemption to industries having potential for heat recovery has been given to promote energy […]

NEW DELHI: India may be heading for power shortages during summer when the country will go to the polls as private producers have not been paid Rs 14,600 crore by state utilities which has created a shortage of funds, particularly for coal and rail transportation which requires advance payments. Private producers have asked the government […]

BENGALURU: Developers who won solar projects just before safeguard duty on solar panels and modules was imposed on July 30 last year have been greatly relieved by an order passed by Maharashtra’s power regulator on Friday, maintaining that such duty amounted to a “change of law” and that developers should be adequately compensated for it. […]

New Delhi: India must set out a clear policy around energy storage, much like what it has done for renewable energy, for investments to start coming into what could be at least a $15 billionmarket, top executives of US-based AES Corporation and Fluence Energy said. A stable policy that spells out targets for adding storage […]

NEW DELHI: Defence, trade and energy security are expected to be high on the agenda when Saudi Arabia’s Crown Prince and Defence Minister Mohammed bin Salman holds talks with Prime Minister Narendra Modi during his

REC, a highly leveraged Indian lender to electricity projects, plans to ask holders of $1.85 billion of its outstanding dollar bonds for approval to amend terms, in order to avoid possibly having to repay those securities early.

NEW DELHI: Country’s largest power generator NTPCNSE -0.68 % will regulate power supply to Jammu & Kashmir for not clearing Rs 1,985 crore dues. The company has asked to state to clear the pending dues or face blackout.

India and Saudi Arabia are expected to sign mega deals in energy and infrastructure to put meat in strategic partnership when the Gulf kingdom’s Crown Prince, Mohammed bin Salman, visits New Delhi on February 19-20.

NEW DELHI: The government expects a big push to hydropower sector having received clearances for four projects worth about Rs 45,000 crore.