Upcoming, coal-fired and hydropower stations and transmission lines will have to purchase equipment locally, as per new guidelines issued by the central government.
India issued a tender on Tuesday to build 7.5-gigawatt of solar power projects in the insurgency-hit state of Jammu and Kashmir, state-run Solar Energy Corporation of India said on its website.
The Asian Development Bank (ADB) on Friday signed three loan agreements with the government to provide debt of USD 574 million for on-lending, electricity transmission and water supply infrastructure projects.
Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to approach the Supreme Court on Tuesday
As part of its Power System Master Plan (PSMP) 2016, the government is going to implement 10 mega projects of about 15,000 MW of capacity by 2030, reports UNB.
Additional 180 days could be provided for resolution of 34 stressed power projects with a view to avoiding potential value erosion of operating plants, according to a government report.
Thyssenkrupp today said it has bagged a contract worth around USD 115 million from Doosan Power Systems India (DPSI) to supply material handling plants for two thermal power projects in Uttar Pradesh.
Bidders will have to use locally manufactured equipment for a portion of all future bids to set up solar power projects in the country.
Banking secretary Rajiv Kumar will hold a meeting with banks, power companies, and senior officials of Reserve Bank of India and related ministries on June 21 to discuss the banking regulator’s new norms on stressed assets in relation with power projects, as directed by the Allahabad High Court.
Banking secretary Rajiv Kumar will shortly hold a meeting with banks, power companies, Reserve Bank of India (RBI) and the power ministry to discuss ways to address issues facing stressed power plants, as directed by the Allahabad High Court, railways and coal minister Piyush Goyal said on Monday.