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Cabinet approves revised cost estimate of North Eastern Region Power System Improvement Project for six States for strengthening of the Intra-State Transmission and Distribution Systems

By : Sustainability ..., Dec 17, 2020

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised Cost Estimate (RCE) of North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs. 6,700 crore. This...

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Central govt plans three power gear production zones

By : Sustainability ..., Dec 15, 2020

The government plans to set up three large manufacturing zones for power and clean energy equipment by offering companies incentives such as land and electricity at attractive prices, power and new and renewable energy minister Raj Kumar Singh...

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Subject Tags: PLI , power sector

Moody's maintains negative outlook for India's power sector

By : Sustainability ..., Dec 10, 2020

The chief reasons for the unfavourable forecast were uncertainty about demand revival and delayed payments from State-owned distribution companies. Agencies Talking about the renewable energy sector, Moody's Investor Service said that India will...

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Power Exchange India starts real-time market for electricity transactions

By : Sustainability ..., Jun 2, 2020

Power Exchange India Ltd (PXIL) on Monday said it has kick-started Real Time Market (RTM) for electricity transactions. The RTM enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery. "The first...

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Govt may lower tariffs to bail out power sector

By : Sustainability ..., May 13, 2020

India will shortly announce a power sector package that may involve a temporary tariff reduction, concessional finance, and payment of around ₹1 trillion dues of electricity distribution companies (discoms), two government officials said, as part of the stimulus plan...

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COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors

By : Sustainability ..., May 1, 2020

The COVID-19 pandemic has pushed the country under an extended lockdown creating a cascading effect on economic growth but the labour migration caused by it is posing serious challenges for the power and renewable energy industries. The exodus of migrant labourers from major...

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Power from non-coal sources on rise in India

By : Sustainability ..., Nov 6, 2019

When economies stumble, slackening electricity demand is a very common symptom, and in India's case, the current rapid decline is quite specific to coal, an international researcher said on Tuesday. Collectively, power from all non-coal sources grew by about 24,000 gigawatt...

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Corporate tax cut to lead to Rs 2,500 cr power discoms savings

By : Sustainability ..., Oct 1, 2019

The Centre's recent move to lower the corporate tax rate is a positive development for the power sector as it is expected to save Rs 2500 crore a year for the state distribution companies, ratings firms Icra said on Monday.

The move would allow power generators with...

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Telangana to go for 1,000 Mw solar power, one-time settlement of power dues

By : Sustainability ..., Aug 1, 2019

The Telangana government on Wednesday said it would go for one-time settlement of dues of panchayats and municipalities to state-run electricity organisations and warned that henceforth heads of...

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Govt’s 100-day plan aims to re-energize India's power sector

By : Sustainability ..., Jun 12, 2019

The Union power ministry has proposed a “power sector council" to address issues between the Union and state governments as part of the ministry’s 100-day action plan for the second term of the...

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