After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.
“The finance ministry was earlier reluctant to the idea of raising the cap on individual investors. However, now that the market is maturing, it is reconsidering the proposal and is already taking consultation from the Central Electricity Regulatory Commission,” said a senior official from the finance ministry.
The proposal was raised earlier also but the government was not keen considering low trade volumes and large regulatory compliance. Now that the market is getting bigger, it makes more sense. Read More…
Latest posts by newindianexpress.com (see all)
- Railway Minister Piyush Goyal Makes Announcements To Bolster Uttar Pradesh’s Growth - February 23, 2018
- Hyperloop: A Promise Or A Hype? - February 22, 2018
- Reliance Infrastructure Bags Rs 3,647 Crore Contract For Thermal Power Project In Tamil Nadu - February 22, 2018