CCEA

CCEA approves proposal for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister, Shri Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Central Public Sector Undertaking (CPSU) Scheme Phase-llfor setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects, by the Government Producers with Viability Gap Funding (VGF) support […]

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CCEA Approves Sale of Govt’s 52.63% Stake in REC to PFC

It may also allow for cheaper fund raising with increase in bargaining power for the combined entity. The Cabinet has provided its ‘In Principle’ approval for the strategic sale of the government’s existing 52.63 percent total paid-up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC). The government said in a notification […]

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Cabinet Okays Continuation of Off-grid, Decentralised Solar PV Applications Programme

The total project of the 3 components included under the phase-III is Rs 1,895 crore of which Rs 637 crore will be provided as central financial assistance. The government has provided its consent for implementing phase-III of off-grid and decentralized solar PV application programme to achieve additional 118 MWp (Mega Watt peak) off-grid solar PV […]

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