REC Releases Details for Bailing Out Distribution Companies Amid Coronavirus Crisis

REC Releases Details for Bailing Out Power Distribution Companies Amid Coronavirus Crisis

The Rural Electrification Corporation Limited (REC) has announced an opportunity for the distribution companies (DISCOMs) to avail loans to clear their dues. The loans under this program will be co-funded ...
BlackRock Raises $5.1 Billion for Renewable Energy

BlackRock Raises $5.1 Billion for Renewable Energy

BlackRock’s Global Energy and Power Infrastructure Fund has achieved a $5.1 billion fundraise for Global Energy & Power Infrastructure Fund III (GEPIF III), making it the most substantial alternative fundraise ...
/ / Finance and M&A, Other
Committee on Energy Expresses Disappointment Over Budgetary Cuts for Ministry of Power

Committee on Energy Expresses Disappointment Over Budgetary Cuts for Ministry of Power

The Standing Committee on Energy recently presented its fourth report on the Demands for Grants of the Ministry of Power for the year 2020-21. The report shows a budgetary provision ...
/ / Markets & Policy, Other
Privatizing DISCOMs the Way Out of their Financial Mess

Privatizing DISCOMs the Way Out of their Financial Mess

The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the Sustainable Energy ...
Need for Green Energy Corridors Grows as Over 64 GW of Renewables are Connected to the Grid

India Needs to Spend $39 Billion on Transmission Infrastructure Revamp

India is one of the fastest growing economies in the world with increasing power demand in the coming years. Historically, the country has also been a power deficit with millions ...
/ / Grid, Grid Optimization
NITI Aayog Releases Proposal to Develop Electric Vehicle Charging Infrastructure in Delhi

Government Proposes $700 Million Plan for EV Infrastructure Revamp in the Next 5 Years

Recently, the Ministry of Power (MoP) in a meeting with the Fifteenth Finance Commission in New Delhi, proposed measures to support the development of Flue Gas Desulfurization (FGD) infrastructure and ...
Madhya Pradesh Proposes EV Charging Tariff of ₹6 and ₹5.90 for LT and HT consumers

Government Proposes EV Charging Stations at Every 25 Kms on Roads

The Town and Country Planning Organization, Ministry of Housing, and Ministry of Urban Affairs have released amendments to Model Building By-Laws (MBBL) to provide for electric vehicle (EV) charging infrastructure ...
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

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 ...
/ / Markets & Policy, Solar
CEA Charts Transmission Infrastructure Plan for 4,950 MW of Wind Projects

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 ...
/ / Grid, Grid Optimization
India’s Banks Grapple with $38 Billion in Bad Loans from Power Sector: Report

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 ...