Ahead of the Budget, the Ministry of New and Renewable Energy is planning to approach Finance Ministry to seek its permission for raising Rs.10,000 crore through issuance of tax free bonds in order to fund the clean energy projects in the country.
Category: Power & New and Renewable Energy
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Cabinet clears VGF for 5,000 MW solar projects
In the wake of falling solar tariffs and increasing capacity addition, the Union Cabinet approved setting up 5,000 MW of grid-connected solar photovoltaic power projects on a build, own and operate basis.
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Maharashtra govt to unveil off-grid policy
Maharashtra government will soon bring in an off-grid energy policy to promote rooftop solar power generation and provide subsidy to cooperative housing societies and government buildings to encourage electricity generation through the non-conventional method.
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Low solar radiation intensity in state hits power output
Tamil Nadu Generation and Distribution Corporation (Tangedco) has so far commissioned projects generating 418.9 MW of solar power after signing MoUs with several companies to generate 1200 MW.
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Reliance Infrastructure Q3 net up 2 per cent at Rs.463 cr
Reliance Infrastructure´s consolidated net profit increased by mere 2 per cent to Rs.463 crore for the quarter ended December 31, 2015 against Rs.452 crore in Q3 FY15. The company´s cement business and Mumbai Metro continue to incur loss at Rs.44 crore and Rs.49 crore respectively.
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India taking steps to address infra woes: Jaitley
Emphasising that India is taking steps to address problems in the infrastructure sector, Finance Minister Arun Jaitley said multiple institutions are required to meet the funding requirements in this space. Arun Jaitley
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No power cut in Odisha till April end
The state government has ruled out any power cut till the end of April this year, hoping to tide over any possible deficit through conserved hydro power and power banking. Odisha would be drawing 400 MW power from Delhi and Punjab through the power banking mode.
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Cabinet okays 9.938 ha to NTPCs Gadarwara Thermal Power Project
The State Cabinet decided to allot 9.938 hectare Government land to NTPC´s Gadarwara super thermal power project for various purposes.
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Cabinet nod to National Tariff Policy
The Union Cabinet approved the ´National Tariff Policy for Electricity´ aimed at tightening regulations for setting power rates and promotion of clean energy.
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Chandigarh electricity dept proposes steep tariff hike
City residents should brace to shell out more for using electricity. The Chandigarh electricity department has proposed a hike of up to 40 per cent - in different slabs of both domestic and commercial categories - under the multi-year tariff system which will come into force from April 1.