Power Finance Corporation’s Acquisition of 52% Stake in REC Approved
The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
Power Generators Can Terminate PPA if DISCOM Defaults on Payment: Committee Proposal
The Government of India constituted a High Level Empowered Committee (HLEC) on July 29, 2018 chaired by the Cabinet Secretary to address the issues of stressed thermal power projects. Country’s apex ...
India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report
India’s banking sector is staring at potential dud assets worth $38 billion (~₹2,470 billion) from the power sector, according to a latest report released by the Bank of America and ...
