New Delhi: The government will launch a scheme to bring in global firms for setting up mega manufacturing plants in India for solar cells, batteries and solar charging infrastructure through auction and provide tax benefits on these investments. The scheme was proposed in the General Budget presented by Finance Minister Nirmala Sitharaman on Friday. “Government […]
Govt must focus on supply as it has on generation, transmission
The results of a coordinated approach have already been demonstrated in the Saubhagya programme All this would need stronger coordination between the central government and the states The new government’s 100-day action plan proposes a power sector council. Given power is a concurrent subject, and its interlinkages with other sectors, it would need a coordinated […]
Govt bars defaulting discoms from short-term power purchases in open market
Letter of Credit to be mandatorily used as payment security mechanism for long-term PPAs signed by loss-making discoms The Centre in a bold move to discipline the state-owned loss making power distribution companies (discoms) announced that the ‘Letter of Credit’ should be mandatorily followed as a payment security mechanism. At the same time, it also […]
Govt invites technical bids for 4,000 MW Deoghar UMPP
The UMPP policy was launched in 2005-06 by the government to provide power at a competitive cost to consumers by achieving economies of scale. PFC Consulting, the consultancy arm of Power Finance Corporation (PFC), has invited bids to appoint a technical consultant for its 4,000 MW UMPP in Deoghar, Jharkhand. After a gap of four […]
Govt tells EV makers to localize manufacturing to qualify for subsidies
Despite the scheme’s accent on localization, the guidelines allow imports of key battery parts to manage costs All electric vehicle and hybrid manufacturers must localize manufacturing of wheel rims integrated with hub motor from 1 October 2019 Control units, chargers and AC units are among a slew of components that electric and hybrid vehicle manufacturers […]
Govt, ADB sign $169 min loan to provide water, sanitation services in TN
New Delhi: The Centre and the Asian Development Bank on Friday signed a 169 million dollars loan as the first tranche of a 500 million dollars multi-tranche financing to develop climate-resilient water supply, sewerage and drainage infrastructure in at least 10 cities in Tamil Nadu. The loan was signed by Department of Economic Affairs Additional […]