Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. Mumbai: Tata Sons and its estranged minority shareholder Shapoorji Pallonji (SP) Group have clashed once again with the former […]
Covid-19 could stop new Australia wind and solar projects, wipe out global growth
The global Covid-19 pandemic is expected to hit planned wind and solar projects in Australia and other countries particularly hard, and wipe out any anticipated growth in renewables deployment in 2020, according to a new study. The Norway-based Rystad Energy says it had expected global solar additions to grow 15% to 140 gigawatts in 2020, […]
Covid lockdown to impact electricity demand, cash flows for discoms: ICRA
The lockdown has resulted in a shutdown of the industrial and commercial establishments and stoppage of passenger railway services. This has adversely impacted the all India electricity demand, given that these segments constitute about 40% of the all India electricity demand, a statement issued by the ratings firm said. New Delhi: The lockdown announced by […]
Power minister approves major relief measures for power sector
Union Power Ministry committed to ensure 24×7 electricity supply during lockdown Payment security to be reduced by 50 percent Directions issued to CERC to provide three months’ moratorium on Discoms to make payment to Gencos and transmission and no penalty on late payment; States requested to issue similar directions to SERCs New Delhi: Despite the […]