The recent report, “State Finances: A Study of State Budgets 2018” by the Reserve Bank of India (RBI) confirms what has been observed for a while; that the state of state finances is in “deep trouble” territory.
Lack of clarity on whether the 25 per cent safeguard duty (SGD) on imported cells and modules will apply to solar manufacturing plants in special economic zones (SEZs), which account for 70 per cent of domestic capacity, have got major domestic players worried over the future of their investments in such units.
State-owned power generation utility Maharashtra State Power Generation Company Ltd. (Mahagenco) has missed its power generation target by at least 30 per cent, and consumers are bearing the brunt by having to pay 30 paise more per unit.
The installed power generation capacity in India has risen to 344 GigaWatts (GW) and its energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than one per cent in 2018, an official release said on Wednesday.
With less than four years left to meet its target of installing 40,000 megawatt (MW) of rooftop solar power capacity by 2022, India has installed just about 2,538 MW as of March 2018, a full 94 per cent short of target.
India will soon call bids to set up a 25,000 mega watt (MW) solar power project in the Ladakh region as part of efforts to make the economy greener, Union power minister R.K. Singh said.
The Narendra Modi-led government has announced that domestic private firms will be given a major share in all upcoming nuclear power plant projects in the country, thereby increasing the share of nationally made content in the nuclear reactors.
The NITI Aayog on Wednesday entered into a three-year partnership with the Confederation of Indian Industry (CII) to develop vision and action agenda for the industry to contribute towards sustainable development goals (SDGs).
Adani Green Energy has got shareholders approval to raise funds up to Rs 5,000 crore by issuance of equity shares, GDR, ADR or debentures in its annual general meeting held yesterday.
With India’s power sector expected to account for 98 per cent of additional water withdrawals and 95 per cent of additional consumption between 2010 and 2035
Continuous rain have disrupted power generation in three major hydroelectricity power projects — 1,500-megawatt Nathpa-Jhakri, 1,091-megawatt Karcham-Wangtoo and 412 megawatt Rampur hydro power plants.
Saudi Arabia is ready to meet India’s need for additional oil supplies should the US sanctions on Iran hit energy imports, the Saudi ambassador said on Wednesday.
Sudan’s Minister of Oil and Gas Azhari Abdel-Gadir Tuesday said his ministry has settled debt issues with India’s Oil and Natural Gas Corp’s (ONGC) saying the latter withdrew a claim it has filed against Sudan in this regard.
State-run Bharat Petroleum Corp Ltd (BPCL) shut a hydrocracker unit at its Mumbai refinery on Wednesday evening following a fire that left more than 40 people injured, said a top company official.
