In Short : Rajasthan Chief Minister Sharma stated that the former Congress government put power companies in debt. In Detail : Jaipur : Rajasthan Chief Minister Bhajanlal Sharma on Wednesday accused the former Congress government of putting the power companies in debt. He said that whenever the Congress government came to power in Rajasthan, it […]
PSU banks agree to back stressed power companies – EQ Mag Pro
Government-owned banks have agreed to finance distressed power companies present process insolvency proceedings after being nudged by the finance ministry, so as to assist enhance electrical energy provides, stated two individuals conscious of the event. Lenders will present working capital loans primarily to buy imported coal and function crops at most capability as states wrestle […]
Rs 90,000 crore scheme in offing for power companies
The loans are sought to be made available to Power Finance Corp (PFC) and REC Ltd, the two sectoral lending institutions in Indian power sector, for onward concessional lending to state electricity distribution utilities to help them clear bills of power generating companies. The power ministry has sought bonds mainly normal as well as a […]
CERC to fix provisional tariff hike
However, lenders and power companies have said that most projects have not placed orders for the equipment and hence it was not possible for them to complete retrofitting these equipment by 2022 NEW DELHI: Power regulator Central Electricity Regulatory Commission (CERC) will chart out a mechanism to determine provisional increase in electricity tariff from power […]
Haryana govt to give 44K tube well, 50K solar connections
The Haryana government Thursday said about 44,000 tube well connections pending since January 1, 2014, will be issued to farmers of the state in the next six months. Chief Minister Manohar Lal Khattar said the government will issue demand notices for the pending tube well connections by March 31, 2019. The move is seen as […]