Shreya Jai
Shreya Jai
Shreya Jai writes on energy and infrastructure. As the dialogue on economic growth pivots towards sustainability, she channeled her interest in the subject to write for Business Standard on clean energy policies and climate action.
Shreya Jai writes on energy and infrastructure. As the dialogue on economic growth pivots towards sustainability, she channeled her interest in the subject to write for Business Standard on clean energy policies and climate action.
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MNRE removes cap on bids for renewables, industry says decision ill-timed
Industry has been asking for removing caps when market conditions favoured higher tariffs; the govt's move comes when tariff has reduced
 "MNRE removes cap on bids for renewables, industry says decision ill-timed")
'Most of us don't know what happened': Yes Bank customers flock branches
Across branches, the busiest people were the relationship managers, trying to soothe nerves
 "'Most of us don't know what happened': Yes Bank customers flock branches")
IEX to launch trading platform Indian Gas Exchange; norms yet to be framed
IGX will be offering a spot contract for the day ahead market, which means gas will be physically delivered the next day
 "IEX to launch trading platform Indian Gas Exchange; norms yet to be framed")
Non-subsidised LPG price cut by more than Rs 50 with effect from March 1
The government gives subsidy for 12 refills of 14 kg cylinder to those to those with annual income of more than Rs 10 lakh.
 "Non-subsidised LPG price cut by more than Rs 50 with effect from March 1")
Green dreams and harsh realities: Plenty of renewables, little transmission
Under the Paris Climate change accord, India has committed 40 per cent of its total energy production from non-fossil fuel sources by 2040
 "Green dreams and harsh realities: Plenty of renewables, little transmission")
Agra's Taj Mahal goes for speed cleaning ahead of Donald Trump's visit
Trump's daughter and son-in-law are part of the delegation to India
 "Agra's Taj Mahal goes for speed cleaning ahead of Donald Trump's visit")
Economic Survey links infrastructure with social reforms to boost growth
The Survey suggested interlinking electricity supply with health and education
 "Economic Survey links infrastructure with social reforms to boost growth")
ENGIE to reduce share in renewable projects, sell 74% stake to Edelweiss
The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million
Power Finance Corporation raises $750 million through overseas bonds
This is PFC's third international bond issuance in FY20 as well as the largest bond in a single tranche
 "Power Finance Corporation raises $750 million through overseas bonds")
Indian cos may take a hit as BlackRock moves away from coal-based firms
BlackRock's alternatives business will make 'no future direct investments in companies that generate more than 25 per cent of their revenues from thermal coal production'
 "Indian cos may take a hit as BlackRock moves away from coal-based firms")
One must be able to get coal from various sources with ease: Pralhad Joshi
"There is a shortfall and that's why we have opened up the sector. About the SHAKTI Policy… my predecessor Piyush Goyal has done well. But why are all these policies needed?", says Pralhad Joshi
 "One must be able to get coal from various sources with ease: Pralhad Joshi")
Cabinet relaxes norms to mine, sell coal; entry for foreign players eased
The announcement comes four years after the Centre enabled commercial mining and sale of coal by private companies under the CMSP Act, 2015
 "Cabinet relaxes norms to mine, sell coal; entry for foreign players eased")
NCLT route ruled out for Suzlon Energy, lenders to set up escrow account
Barring one bank, all lenders are ready to convert more than 50% of the total debt into new debt
 "NCLT route ruled out for Suzlon Energy, lenders to set up escrow account")
JSPL to focus on Housing and Railways; aims to become debt-free by 2023
Firm is looking at a 50% demand growth coming from housing segment, eyes 25% uptick from Railways
 "JSPL to focus on Housing and Railways; aims to become debt-free by 2023")
Power Exchange bets on renewable energy; to focus on revival of REC market
PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)
 "Power Exchange bets on renewable energy; to focus on revival of REC market")
Andhra agrees to pay renewable projects at average rates till resolution
High Court directs state to pay in four weeks
 "Andhra agrees to pay renewable projects at average rates till resolution")
In a first, NTPC to bid for Avantha's Jhabua thermal plant under IBC
The 1,200-Mw project has been submitted to NCLT by an Axis Bank-led lender consortium
 "In a first, NTPC to bid for Avantha's Jhabua thermal plant under IBC")
Andhra agrees to pay renewable projects at average rates till resolution
The YSR Congress government in Andhra Pradesh in July formed a high-level negotiation committee (HLNC) to "review, negotiate and bring down" the tariff of all renewable power projects
 "Andhra agrees to pay renewable projects at average rates till resolution")
NTPC may acquire NEEPCO through debt; awaits clarity on THDC stake buying
Company executives said they would evaluate several funding streams, including the bond market
Govt to now offer coal mines to private companies only for commercial work
Captive production allowed, companies can sell coal in open market
 "Govt to now offer coal mines to private companies only for commercial work")