Home Tag "power"

Discom collections to be hit amid Lockdown: Ind-Ra

Ind-Ra expects payments to gencos remain uneven even after June 2020, based on the collection ability of the discoms. The overall situation could result in leverage increasing across the sector because of an increase in working capital borrowings Amid lockdown to contain coronavirus infection, bill collections of discoms would have a significant impact and their […]

COVID-19: Odisha govt writes to Centre with suggestions to ease burden of power sector in state

Highlighting the COVID-19 situation across the country, Chief Secretary Asit Tripathy said, “This extraordinary situation demands extraordinary approach in all fronts including the power sector, being the vital enabler for all other essential services” Bhubaneswar: Chief Secretary of Odisha government on Wednesday wrote to the Centre suggesting measures to ease the immediate burden of the […]

REC board okays incorporation of 7 SPVs to facilitate evacuation of renewable energy

The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs) as wholly-owned subsidiaries of REC Transmission Projects Company Ltd New Delhi: State-owned shadow banking firm REC Ltd on Wednesday said its board has approved a proposal […]

SOFARSOLAR leading Gujarat’s PV market

Gujarat,India: Energy demand in Gujarat, India is growing rapidly. To cover it, Gujarat government launched a solar power project for farmers-Suryashakti Kisan Yojana (SKY) (KUSUM YOJANA), enabling them to generate electricity for captive consumption and sell surplus power to grid for extra income. “In 2019, SOFARSOLAR have supplied its technology and more than 150MW solar […]

Punjab reduces power tariff for consumers

The PSPCL will have to bear an additional burden of Rs 350 crore due to the various reliefs announced for the consumers, an official spokesperson said Chandigarh: To further mitigate the hardships faced by the people amid the lockdown, Punjab Chief Minister Amarinder Singh on Tuesday announced a reduction in the fixed charges for electricity […]