The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations New Delhi: India and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve reliability, capacity and security of the power transmission network in the northeastern state. […]
Infrastructure – Steady provisioning to soften impact of slow credit resolution: ICRA
While infrastructure credit grew 7 per cent in FY2020 (19 per cent in FY2019) to Rs 22.5 lakh crore as on March 31, 2020, it increased marginally to Rs 22.6 lakh crore as on September 30, 2020. New Delhi: Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance […]
NABARD, Agri Infra Fund Loans to be made available for PM-KUSUM scheme
PM-KUSUM or Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan Scheme is a flagship scheme of the central government to solarise agricultural areas and irrigation activities Giving a push to enhanced use of clean energy in the agriculture sector, the Union Minister for Power, New and Renewable Energy, R K Singh, said loans from NABARD […]
Solar and wind power costs in India will be comparable to coal in 2025: Moody’s
The shift would occur if the Levelized Cost of Electricity (LCoE) from solar and wind projects declines annually by a high single digit to mid-teen percentage between the first half of 2020 and 2025-30. New Delhi: Power generation from solar and wind projects will likely be cost-competitive relative to coal-based power in India in 2025-2030 […]
Congress seeks CBI probe into ‘multi-crore scams’ in Meghalaya Power Department
He criticised the Conrad Sangma government in the state for its “adamant attitude” in addressing the issue SHILLONG: The opposition Congress has demanded a CBI inquiry into the alleged multi-crore scams in the Meghalaya Power Department. It alleged there have been many irregularities and anomalies in the implementation of various projects that include the Asian […]
Odisha becomes power surplus state, makes progress on green energy: Officials
The average annual power demand of the state comes around 3,200 MW, while GRIDCO is all set to generate around 4,300 MW of electricity during 2020-21 fiscal Bhubaneswar: Odisha has become a power surplus state as it has been making significant strides towards green energy generation, officials said on Tuesday. The average annual power demand […]
OPINION: Leveraging international capital flows for India’s green recovery and clean energy transition
The finance sector needs to better integrate long-term climate risks into investment decisions, and work with governments and development partners to design suitable financing vehicles to help scale private capital flows for clean energy New Delhi: COVID-19 induced economic recession in India has created an urgent need to ramp up investments and create much-needed jobs. […]
OPINION: Why climate adaptation should be top priority in India’s climate agenda
Along with growth & recovery, we should aspire to make India more sustainable and resilient. First step is to prioritize climate adaptation in our national climate agenda as Plan A. New Delhi: COVID-19 has caused unprecedented damage to our economy – mass unemployment, disruptions in key socio-economic systems and economic contractions. Its impact on vulnerable […]
India has attained status of One Nation, One Grid, One Frequency: Power Secy
He was speaking in a webinar organised by PHD Chamber of Commerce and Industry on ‘Innovations in Renewable Energy’. New Delhi: India has already attained the status of ‘One Nation, One Grid, One Frequency’ and there are now no constraints in inter-regional transfer of power, said Sanjiv Nandan Sahai, Secretary, Ministry of Power, on Saturday. […]
UP withdraws discom privatisation plan
As per the agreement signed after the meeting held by state power minister and its finance minister, Uttar Pradesh agreed to take back the privatisation proposal of Purvanchal Vidyut Vitaran Nigam NEW DELHI: The Uttar Pradesh government on Tuesday decided to withdraw a privatisation plan for electricity distribution companies, after nearly five hour meeting with […]