This is the third tranche loan for the ongoing Assam Power Sector Investment Program, which was approved by the ADB board in July 2014 New Delhi: The Asian Development Bank (ADB) will provide a USD 231-million loan to augment electricity generation capacity in Assam through construction of a 120-megawatt (MW) hydroelectric power plant. ADB and […]
Tripura Regulator determines levelised tariff at Rs. 3.31 /kwh for a period of 25 years
In the Matter Of: Petition for determination of prefixed levelised tariff for purchase of Solar Power by Tripura State Electricity Corporation Limited from decentralized Solar Power Plants and other Renewable Energy Generating Plant of Farmer / Developer having capacity of 500 kw to 2000 kw in the vicinity of Rural grid Sub-Station under Component-A of […]
NHPC Board approves merger of Lanco Teesta Hydro Power with it
The Board of Directors of state-run hydro power major NHPC on Tuesday approved the proposal to merge Lanco Teesta Hydro Power Ltd with it. New Delhi: The Board of Directors of state-run hydro power major NHPC on Tuesday approved the proposal to merge Lanco Teesta Hydro Power Ltd with it. Lanco Teesta Hydro Power is […]
Advisory on the Draft Rules proposed by the Ministry of Power, Government of India
EESL Appoints Rajat Sud as its new Managing Director
Mr Sud has more than 29 years of experience in the energy sector New Delhi: Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, Government of India, today announced the appointment of Mr Rajat Sud as its Managing Director. Mr Sud takes over from Mr. S. Gopal Director (Commercial), who […]
Govt extends Central Electronics bid deadline to June 15
Govt extends Central Electronics bid deadline to June 15, 2020 Corrigendum for extension of last date of EOI for strategic disinvestment of CEL extended upto 15.06.2020 For more information please see below link:
Indu Shekhar Chaturvedi assumes charge as new MNRE Secretary
He is a 1987 Batch IAS officer belonging to Jharkhand cadre and had succeeded Anand Kumar in the ministry who has been shifted to the Ministry of Culture as its new Secretary. New Delhi: Indu Shekhar Chaturvedi, the new Secretary of the Ministry of New and Renewable Energy (MNRE), assumed charge on Monday, the ministry […]
Review of FDI policy for curbing opportunistic takeovers of Indian companies due to the current COVID-19 pandemic
To avoid takeover acquisitions of Indian firms by Chinese giants GoI has notified changes in FDI policy. Now investments from any country which shares border with India will be routed through Govt Approval route and not through Automatic Route Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to […]
Board of REC approves incorporation of SPVs for executing seven transmission projects
At meeting held on 25 March 2020 The Board of REC at its meeting held on 25 March 2020 has approved the proposal for incorporation of seven (7) Project Specific Special Purpose Vehicles (SPVs) as Wholly Owned Subsidiaries of REC Transmission Projects Company (RECTPCL), a wholly owned subsidiary of REC, for development of following transmission […]
CCI approves acquisition of Teesta Urja Limited by Greenko Mauritius
The Competition Commision of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002. The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination). Acquirer is a wholly-owned subsidiary […]