WebinarsNew
Deep DiveNew
Explore Business Standard
The draft of National Electricity Policy (NEP), 2026 has been sent to the Union Cabinet for an inter-ministerial discussion, Power Secretary Pankaj Agarwal said on Thursday. The policy aims to achieve financial turnaround and commercial viability of the electricity sector and ensure adequate availability of power with reliable and quality supply, while meeting peak demand and energy requirements. "We have aggregated all the stakeholders comments. We have already moved the Cabinet note for the inter-ministerial consultation and I think it shouldn't be taking very long," Agarwal told reporters on the sidelines of 2nd Indian Power Sector Conference organised by industry body FICCI. The new policy has been designed in line with Viksit Bharat vision 2047. The official said that last NEP was notified in 2005 and then there were different set of challenges like access to electricity and shortages etc, and developing new sources of renewable energy was thought of as a solution, but today
The government has appointed V Packirisamy as Director (Commercial) at Power Finance Corporation Limited (PFC), effective June 2, a statement said on Tuesday. He was serving as Executive Director, Entity Appraisal & IT, PFC, the company said in an exchange filing. Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance. He holds a BE (Mechanical) and an MTech (Management and Systems) from IIT Delhi. The official began his professional career in 1989 and joined PFC in 1997. Over the years, he played a pivotal role in expanding the organisation's operations and strengthening its appraisal and risk management frameworks, significantly contributing to the growth of PFC's loan portfolio. He has been instrumental in several key institutional initiatives, including the development of methodologies for categorising state generation and transmission utilities, formulation of the Integrated Rating Framework for Power Distribution ...