In what reinforces bullish outlook on solar energy, India’s renewable power is projected to overtake coal-fired generation capacity in a decade from now.
Indonesian coal price is surging again, as China goes ahead with planned cuts in its coal production capacity, fueling demand for imports.
Retired IAS officer Kusumjit Sidhu has taken over as chairperson of Punjab State Electricity Regulatory Commission (PSERC).
Japan is keen to expand its cooperation with India’s energy sector, especially in areas like technology for coal-fired generation that faces constraints due to climate change concerns.
Maharashtra utilities are REC’s biggest borrowers, with Maharashtra State Power Distribution Company and Maharashtra State Electricity Distribution Company between them owing Rs 23, 441 crore, or 11.28 per cent of loan book, to the state-owned non-banking finance company.
REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.
Tangedco’s 1,320 MW Udangudi and DVC’s 500 MW Bokaro are among major beneficiaries of Rs 33,868 crore loans sanctioned by REC during the quarter ended June.
Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the first quarter of FY’18, while continuing the growth momentum.
Given the company’s credit metrics -- it has 130 billion rupees ($2 billion) of cash on its books and a long-term rating that’s a notch above the government -- the issuance will be bought by investors drawn to one of the world’s fastest growth rates and Prime Minister Narendra Modi’s economic policies.
Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.
State-owned Rural Electrification Corporation (REC) has appointed a consultant to review its business procedures and flag inadequacies and weaknesses therein, company chairman PV Ramesh said on Friday.
Ivanka Trump To Lead Us Delegation At Global Entrepreneurship Summit To Be Held In Hyderabad In November
Ivanka Trump, Advisor to President Donald Trump will lead the delegation at Global Entrepreneurship Summit (GES) which will be will be held November 28-30 in Hyderabad.