Government auditor CAG today slammed state-owned REC and PFCfor not following internal guidelines and RBI rules in sanctioning loans to independent powerproducers that led to surge in bad loans.
Lanco Infratech’s effort to rescue its Amarkantak power project in Madhya Pradesh might go nowhere, with insolvency proceedings initiated by one of its lenders, IDBI Bank.
State-run Energy Efficiency Services (EESL) plans to invest around Rs 200 crore to make nearly 1,500 buildings of the Public Works Department of the Maharashtra government energy efficient, a company official said.
The mammoth coal-fired Cheyyur electrical station was first imagined by bankers at India’s Power Finance Corporation and senior engineers across town at the Central Electric Authority
Union Power Minister Piyush Goyal has issued a stern warning to officials in Uttar Pradesh and asked them to either ensure zero corruption or resign immediately.
Lenders led by Power Finance Corporation (PFC) and private equity firm Guggenheim Partners have seized control of Mukul Kasliwal’s 400 MW Shree Maheshwar Hydel Power Project on the Narmada river after the company defaulted on its loans.
State-run Power Finance Corporation on Monday said it has sanctioned Rs 9128 crore financial assistance to power utilities of Tamil Nadu.
The Public Enterprises Selection has recommended Naveen Bhushan Gupta’s name for the post of director finance at Power Finance Corporation.
Last Opportunity For States to Join UDAY, Goyal expects all states to give an in-principle decision to come on board by Nov’16 to be able to complete formalities of joining UDAY by March 2017
Union Minister Piyush Goyal announces the next two State Power Ministers’ Conferences to be held in Vishakhapatnam (Andhra Pradesh) and subsequently in Rajgir (Bihar).
Consensus on major issues emerged between the Centre and States As The Two Day Power Ministers Conference Comes To An End in Vadodara.
In a major change aimed at infusing transparency in the infrastructure sector, the Modi government will conduct its first-ever bidding of power transmission projects through reverse auction on an electronic platform and award six mega contracts worth Rs 4,697 crore through the novel initiative.