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Govt invokes Electricity Act

Govt invokes Electricity Act

The Union Ministry of Power has told the Central Electricity Regulatory Commission (CERC) to ensure the rates for power produced from auctioned coal blocks won by power producers do not exceed what was concluded in power purchase agreements (PPAs).

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Gazing into the Big Budget

Gazing into the Big Budget

The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.

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Racks of investment

Racks of investment

At present, India is not yet ready with the concept of third party involvement for building up rail infrastructure for coal linkages. Now with the positivity which the present government has got along, investors are optimistic about fast-track solutions for coal linkage issues.

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