India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins.
In what will help improve the fortunes of India’s beleaguered power sector, the National Democratic Alliance (NDA) government plans to convert all electricity meters into smart prepaid meters by 2022.
Prime Minister Narendra Modi’s administration is considering a plan to spin off the gas transmission business of GAIL India Ltd., the nation’s largest gas utility, into a separate unit, according to people with knowledge of the matter.
The Andhra Pradesh government’s plan to cancel clean energy contracts signed under the previous government has rattled foreign investors, including sovereign wealth funds and pension funds, said investors, analysts, and chief executives.
Fuel prices have gone up across the country after Budget 2019 levied a cess of ₹1 per litre and an equal amount of excise duty on petrol and diesel. Typically, when fuel prices rise, so does inflation, which not only makes goods and services expensive but also eats into investment returns.
Energy Efficiency Services Ltd (EESL) plans to set up 200 more charging stations in Delhi and National Capital Region (NCR) area in the next three months to cater to shared mobility services.
In what could be Railways going ahead with its 100-day agenda of handing over operations of two of its trains to the private sector, the Delhi-Lucknow Tejas Express would be the first train to be operated by private player
The foreign investors’ interest in India’s emerging green economy continues; with around $1.02 billion equity investment made by them in the current financial year till date, according to data compiled by consulting firm Bridge to India for Mint.
In an effort to ensure financial discipline with the state electricity distribution companies (discoms), the National Demoratic Alliance (NDA) at the Centre wants state power regulators to ensure regular electricity tariff revision and put an end to the practice of creating the so called regulatory assets.
Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU