The Finance Ministry’s proposal to raise Rs 14,000 crore through the merger of Power Finance Corporation (PFC) and Rural Electrification Corporation (REP) has left the Ministry of Power worried about the financial health
The power ministry would soon bring an electric vehicle (EV) charging infrastructure policy, which will also allow individuals to set up charging station for commercial use to boost e-mobility, said Power and New & Renewable Energy Minister R K Singh Sunday.
The Power Ministry Friday launched an ambitious programme on energy efficiency in chillers that consume more than 40 per cent of total energy in commercial buildings.
The Power Ministry Friday gave a detailed presentation to a high-level empowered committee on measures to deal with problems of struggling power assets, a source said.
The Power Ministry has sought comments on a revised draft of the Electricity Amendment Bill which seeks to separate carriage and content businesses to enable consumers to switch their power suppliers as they do for telecom services.
Good News For Electricity Consumers: India To Have Oversupply Of Power After Missing Targets For 2 Years
India forecast for a third year that it will be able to supply more electricity than its distribution companies require as generation and transmission capacity rises.
Stressed power assets have got a major boost as the power ministry has strongly recommended substantial changes to the RBI’s controversial Feb 12 circular on loan defaults that industry says will send capacity of 30,000 megawatts into liquidation, while the coal ministry has assured higher fuel supply to thermal plants with the help of auctions.
Power Minister RK Singh said Coal India has given assurances of meeting the power ministry’s coal demands, and said he was in regular touch with the ministry of coal and ministry of railways, regarding the shortage of coal.
From electrification of villages to making India a power surplus country, the power ministry has been unwavering in its endeavour to light up the nation. As Modi government completes its four years, it would not be wrong to say that power ministry, which was under Piyush Goyal till recently, has been one of the top performing ministries.
In a first-of-its-kind initiative in the energy sector, the government has started work on a plan to create a mammoth database of all the power generating units in the country, whether operational or being planned.