PPAs signed for first Wind Auction totalling 1050 MW
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal presided over the signing of Power Purchase Agreements (PPAs) for purchase of 1050 MW of wind power under Ministry of New and Renewable Energy (MNRE)’s first Wind Auction Scheme on Friday.
National Investment and Infrastructure Fund (NIIF), India’s first sovereign fund to promote infra development, on Friday assured Finance Minister Arun Jaitley of strong investment pipeline for the roads, ports, aviation and power sectors.
The British oil and gas company found that while energy consumption grew by just 1%—compared with a 10-year average of 1.8%—this growth was almost entirely sustained by developing countries, especially India and China.
The National Democratic Alliance (NDA) government is considering an asset reconstruction company of sorts to address the problem of stressed assets in the power sector, according to three people familiar with the thinking.
Son of late Ved Prakash Goyal who had served as a Union Minister for shipping in the Atal Bihari Vajpayee cabinet, Piyush Goyal, the Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, has in the past three years completely transformed the power and energy scenario in the country.