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India mulls exempting some projects from solar import taxes – EQ Mag Pro

‘We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,’ the renewable energy ministry said India’s renewable energy ministry has backed a demand to shield some projects from impending taxes on solar equipment imports, after generators said the added costs will slow the nation’s […]

Adani Green Energy commissions 180 MW solar power project at Jaisalmer -EQ

REC achieves a ‘Perfect’ score on MoU parameters for FY21 – EQ Mag Pro

State-owned Non-Banking Financial Company and a ‘Navratna’ enterprise under administrative control of the Ministry of Power, REC Limited has been evaluated as the highest score of 100 for FY21 for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed […]

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas – EQ

States Committing To Power Sector Reforms Incentivised By Increased Market Borrowings Space – EQ Mag Pro

Almost 20 States Have Already Shown Interest In Taking Benefit Under The Scheme in This Financial Year Ministry of Finance, Government of India, had launched a programme in June 2021 to allow additional borrowing space to State Governments, which is conditional on them undertaking and sustaining specific reforms in the power sector. REC Ltd is […]

Adani Green Energy commissions 180 MW solar power project at Jaisalmer -EQ

Time Extension in Scheduled Commissioning Date of RE Projects considering disruption due to COVID-19: Clarification

Time Extension in Scheduled Commissioning Date of Renewable Energy (RE) Projects considering disruption due to lockdown due to COVID-19: Clarification 1. Reference is invited to this Ministry’s O.M. No. 283/18/2020-GRID SOLAR dated 13.08.2020, providing for a blanket extension for RE projects on account of COVID-19. Vide subsequent clarification of even no. dated 09.02.2021, it was […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ

Special Liquidity Scheme – NBFCs/HFCs

The Union Cabinet, chaired by the Prime Minister Narendra Modi, gave its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs. The direct financial implication for the Government is Rs.5 crore, which […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ