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Atmanirbhar Bharat

Govt Exploring New Lending Institutions to Support Small Enterprises: Gadkari

The government is exploring new financial lending institutions to support small-scale units to provide financial support, said Nitin Gadkari, the Union Minister for Micro, Small and Medium Enterprises (MSME) and Road Transport and Highways (MORTH). The Minister assured the industry stakeholders that the government is working towards strengthening the NBFCs which will help small businesses […]

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Govt to Offer Rebate to Discoms for Covid-19 Lockdown Period

With an aim to provide relief to cash strapped power distribution companies (Discoms), the government has taken a slew of measures to help them, including providing a rebate for the lockdown period amidst the coronavirus pandemic. The power ministry’s move is in line with the Finance Minister Nirmala Sitharaman’s announcement on May 13, 2020, under […]

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Discoms to get Loans at low Rates to pay Back Gencos: RK Singh

Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […]

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Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA

Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […]

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5 Upcoming Trends that will dominate the power sector in the new fiscal

The world faced numerous challenges in the last fiscal due to pandemic and consequent lockdown. Almost every sector felt the heat but they also indicated the signs of recovery; they are on the path of continuous rise. The new financial year stimulates hopes and aspirations across the sectors to reach the expected targets. The power […]

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Discoms Could Save ~Rs 22K Cr due to Indexed RE Tariff: IEEFA & CEEW

“Our modelling shows that the Discoms could save up to Rs 21,880 crore over the next five-year period under a partially indexed tariff structure” The inflation indexation of tariffs for future solar capacity could provide much-needed financial respite to the distressed power distribution sector (Discoms) and help India move away from coal-fired power, according to […]

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Apparel Brand Dollar Industries Inaugurates 4 MW Solar Plant in Tirupur

Dollar Industries Limited, one of the leading apparel brands in India, has commissioned a 4 MW solar power plant at its manufacturing facility in Tirupur. Dollar Industries Limited, one of the leading apparel brands in India, has announced that it has commissioned a 4 MW solar power plant at its manufacturing facility in Tirupur. The […]

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CEL Tenders for 2.28 MW Rooftop Solar System at GBPUA&T, Uttarakhand

CEL, on behalf of GBPUA&T, has invited online bids for setting up of 2.285 MW rooftop solar power system under the RESCO model on the campus in Uttarakhand. Central Electronics Limited (CEL), on behalf of GB Pant University of Agriculture and Technology (GBPUA&T), has invited online bids from eligible bidders for setting up of 2.285 […]

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Nearly Rs 12,000 Crore Spent on RE Projects Over Last 3 Fiscals: RK Singh

RK Singh has confirmed that nearly Rs 12,000 crore has been utilised for the development of RE projects in the country between 2017-18 and 2019-20. Union Minister for Power and New & Renewable Energy RK Singh has confirmed that nearly Rs 12,000 crore (Rs 11,787.69 crore) has been utilised for the development of renewable energy […]

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