Union Minister of State for Energy R K Singh on Tuesday said Uttar Pradesh has made rapid strides in rural electrification in last one year. He said his ministry has so far provided Rs 6,946 crore to UP government for Deen Dayal Gram Jyoti Yojana and Rs 5,320 crore under integrated power development scheme (IDPS).
Rural Electrification Corporation Ltd’s (REC) net non performing assets (NPAs) jumped 1,303.30% in the last four years from Rs 970 crore in the financial year (FY) ending March 2015 to Rs 13,612 crore in FY2018.
With Three Crore Homes Getting Power Connections Every Year, India Is Best On Planet Says World Bank
Days after India announced that all villages in India were given electric connections, the World Bank has said that the statistics are better than what is being claimed by the Centre, reports Mirror Now.
Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen.
State-owned infrastructure financecompany in the power sector – Rural ElectrificationCorporation (REC) – today announced it has raised $300 million through Dollar bonds that are bought and sold outside of the United States.
Why do the lights go out more often in some Indian States than others? While India has recently seen great gains in generation capacity and rural electrification, many utilities are still trapped in a vicious cycle of underpayment, underinvestment, and dismal performance.
There is a big question mark over the impact of rural electrification programmes as many households in ‘electrified’ villages continue to live without power.
Hardarpur, a sleepy village in the Diara or riverine belt of Bihar, was in news last December when it became the last of the 39,073 revenue villages in the state to get electricity access.
Is it the fatigue of being in the business of connecting thousands of villages with electricity for almost five decades? Or is it that banking is oh so sexy? Talk to PV Ramesh of Rural Electrification Corporation
Is it the fatigue of being in the business of connecting thousands of villages with electricity for almost five decades? Or is it that banking is oh so sexy? Talk to PV Ramesh of Rural Electrification Corporation.