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Fourth Partner Energy on BUDGET 2021

“Finance Minister Nirmala Sitharaman has delivered a balanced budget for the Renewables sector. It reflects the government’s commitment to accelerate decarbonization. The solar industry welcomes the announcement of 20% BCD on inverters and 15% on lanterns; the FM has indicated ramping up domestic manufacturing of cells and panels in a phased manner – which is […]

50 KWp Solar Roof Top Under the IPDS Scheme of Government of India Inaugurated in Solan as Part of ‘Azadi Ka Amrit Mahotsav’

Discom Privatisation Challenged: Insufficient Planning Or Tactical Move?

On May 16, 2020, the Minister of Finance, Nirmala Sitharaman, announced that electricity distribution companies or distribution licensees in the Union Territories would be privatised, stating that consumers should not be burdened with the cost of the discoms’ inefficiencies. This was announced as part of the Government of India’s economic stimulus package as a response […]

GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year

Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package

In May, Finance Minister Nirmala Sitharaman had announced Rs 90,000 crore liquidity infusion into cash-strapped discoms facing demand slump due to the COVID-19 crisis. New Delhi: Loans worth Rs 1.18 lakh crore have been sanctioned so far by state-run non-banking finance firms Power Finance Corporation and REC Ltd under the liquidity package for stressed power […]

50 KWp Solar Roof Top Under the IPDS Scheme of Government of India Inaugurated in Solan as Part of ‘Azadi Ka Amrit Mahotsav’

Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission

Officials of the power ministry discussed the need to restructure the power system to make states responsible for the financial health of their power distributions companies (discoms), with the NK Singh-led FC Power minister RK Singh proposed a new scheme for the power sector amounting to Rs 3 lakh crore spanning five years, in his […]

GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year

Power demand perks up as mercury soars, industrial activities rise

In the first fortnight of the month, the peak power demand met was recorded at 141.87 GW on May 15, registering a slump of over 22 per cent compared to the highest level in the same period of May 2019 NEW DELHI: Heat wave coupled with higher commercial and industrial activities under lockdown 4.0 has […]

50 KWp Solar Roof Top Under the IPDS Scheme of Government of India Inaugurated in Solan as Part of ‘Azadi Ka Amrit Mahotsav’

Liquidity support provides temporary lifeline to discoms: S&P

The agency noted that many discoms in India have weak financial health owing to excess debt, loss-making operations, and high transmission and distribution (T&D) losses of more than 15 per cent Mumbai: The government’s stimulus measures will only provide a temporary lifeline to state-owned power distribution companies as the coronavirus pandemic has increased liquidity pressure […]

50 KWp Solar Roof Top Under the IPDS Scheme of Government of India Inaugurated in Solan as Part of ‘Azadi Ka Amrit Mahotsav’

Discoms to get loans at cheaper rate to pay dues to Gencos: Minister

“PFC and REC provide loan to distribution and generation sector with a spread of 2.5 to 3 per cent. Under the present scheme, they have agreed to take lower 1.5 per cent spread that will lower the interest rate,” he said New Delhi: Financially stressed discoms will be offered loans at cheaper rates of 8.5 […]

50 KWp Solar Roof Top Under the IPDS Scheme of Government of India Inaugurated in Solan as Part of ‘Azadi Ka Amrit Mahotsav’

Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh

The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]

GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year

Energy sector players cheer stimulus, says steps towards self-reliance

Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]

GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year

Power Package: ₹45,000 cr liquidity for NBFCs; ₹90,000 cr for discoms

  FM Sitharaman announced ₹30,000 cr liquidity facility for NBFCs, housing finance companies and MFIs Among other big bang announements, Finance Minister Nirmala Sitharaman on Wednesday announced collateral free automatic loans for businesses, including MSMEs, up to ₹3 lakh crore. She also said ₹45,000 crore liquidity will be infused into NBFCs through partial credit guarantee […]

GoodWe’s New Manufacturing Facility to Boost Production Capacity to one Million Units Per Year