The move comes on the backdrop of the deep financial stress being faced by the power industry due to non-payment of dues The Union power ministry has directed electricity generators to snap supplies to state distribution companies which have failed to open or maintain bank guarantees. Following this directive, the states will have no option […]
- Tag "India Business Report"
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
A consultative meeting will be held with CBIC within the next four weeks for the solar power producers to put forward their grievances Solar power developers are hopeful of relief in GST rates after the Delhi High Court’s order directing authorities to redress their grievances. The court last week directed Central Board of Indirect Taxes […]
India may fall short of its 2022 target due to imposition of various taxes and levies on solar products, the cancellation of tenders and tariff renegotiations, research and consultancy firm Wood Mackenzie said 347 gw – installed grid-connected power generation capacity from Jan-Oct 2018 Just 1% – year-on-year solar installed capacity growth expected in 2018 […]
The Supreme Court recently banned plying of 15-year-old petrol and 10-year-old diesel vehicles in the National Capital Region (NCR) to check “very critical” level of pollution, upholding the earlier verdict of National Green Tribunal. This was generally welcomed by vehicle manufacturers as it provided yet another opportunity to improve their sales. But this has opened […]
At the turn of the last year, Union power minister R K Singh announced that from April 1 2019, India would not face any blackouts, except in a couple of sectors like agriculture where electricity is not required 24×7. The minister made the statement in the context of state distribution companies, or discoms, often resorting […]