Power Sector NPA

He said subsidy under PMSY would be 60% of the total project cost and the balance would be the loan

State-owned Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state's generation, transmission, and distribution projects. Power Finance Corporation (PFC) signed an MoU with the government of Gujarat on January 3, 2024, according to a company statement issued on Wednesday. The MoU was signed by Parminder Chopra, CMD PFC and Jai Prakash Shivhare, MD (GUVNL) in the presence of Bhupendra Patel, Chief Minister of Gujarat. The chief objective of this MoU is to provide comprehensive financial backing for the state's generation, transmission, and distribution projects. The MoU, signed in Gandhinagar, marks a significant step towards bolstering various projects undertaken by the Gujarat Urja Vikas Nigam Limited (GUVNL), Gujarat State Electricity Corporation Limited (GSECL), Gujarat Energy Transmission Corporation Ltd (GETCO), Dakshin Gujarat Vij Company Ltd (DGVCL), Madhya Gujarat Vij Company Ltd (MGVCL), Pasc

Integrating more renewable energy in the power system is crucial for India to meet climate goals, the Institute for Energy Economics and Financial Analysis (IEEFA) said. In its latest report, IEEFA has also suggested various measures to ramp up the share of clean energy in the country's power system. To cut emissions, India needs to increase renewable energy integration/absorption, the report said. "While India has been adding renewable energy capacity at a fast pace to meet its emissions intensity reduction target for 2030, the country needs to ramp up the share of clean energy in its power system. Integrating more renewable energy in the power system is crucial for India to meet climate goals," it noted. For India to meet growing electricity demand while addressing climate concerns, increased integration of clean energy, including variable renewable energy, is essential, IEEFA Energy Analyst and the report's author Charith Konda said. While raising non-fossil fuel power installe

Total income dipped to Rs 1,858.93 crore in the quarter, from Rs 2,006.66 crore in the same period a year ago

Improving earnings prospects led by higher volumes and easing supplies augur well

The decision was taken at the meeting of Jammu and Kashmir Power Corporation Ltd''s board of directors (JKPCL)

At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains

The inherent weaknesses of India's power sector are getting exacerbated in this scenario

Its pre-pandemic crisis is likely to worsen with the prolonged lockdown unless the government offers some vital concessions

Senior officials of the power ministry are meeting all stakeholders, including executives of NTPC, distribution companies, and banks, in New Delhi on Friday to take a call on the new govt scheme

Government sources said that Power and Petroleum Ministries are in the final leg of drafting the new subsidy scheme

The NPA crisis extends far beyond banks