Budget should focus on higher funds allocation to infrastructure and improving domestic macroeconomic fundamentals
The priority of the Budget should be to improve the macroeconomic fundamentals of the country and make efforts to meet the fiscal deficit targets of last year. The onus should be on productive utilisation of funds.
Tag: REC
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Sandeep Upadhyay, Managing Director and CEO, Centrum Infrastructure Advisory Limited
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Tamil Nadu joins UDAY, ĂâPower for AllĂâ gets a boost
The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the Ăâ24x7 Power For All (PFA)Ăâ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.
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Budget 2015: The chinks and the missing links
Budget 2015 echoes the need to foster the infrastructure ecosystem and outlines the policies and reforms which are expected to revive the growth of infrastructure which has remained tepid.
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Powering India Green
Increasing energy demand, climatic change, government initiatives and abundant untapped natural resources have been the key drivers behind the countryĂ´s movement towards renewable energy.
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We want to be part of Indias industrial growth
In an exclusive interview, Luis-Miguel GutiTrrez, Office Director, KfW IPEX-Bank GmbH shares details on the bankĂ´s growing interests in funding Indian infrastructure. Recently, Germany has shown interest in investing in the $90 billion Delhi-Mumbai Industrial Corridor (DMIC).
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Ujaas Energy’s solar plans
Ujaas Energy recently announced the commissioning of 105 MW installed solar power capacity. Ujaas Energy under the National Solar Mission and the National Tariff Policy,
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Renewable: More NPAs?
Hindsight: FY 2013-14 was a mixed year. Compared to last year, the limited capacity addition what we are seeing in this financial year are either and the solar power plants under REC mechanism, or projects that were to be executed last year or allotments done last year for execution.
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Renewable: More NPAs?
Hindsight: FY 2013-14 was a mixed year. Compared to last year, the limited capacity addition what we are seeing in this financial year are either and the solar power plants under REC mechanism, or projects that were to be executed last year or allotments done last year for execution.
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REC plans to mop up around Rs 350 bn in FY14
In 2013-14, Rural Electrification Corporation (REC)
plans to raise about Rs 35,000-37,000 crore from domestic as well as foreign sources. It may be recalled that the leading state-run infrastructure finance company in the power sector mopped up Rs 31,000 crore in 2012-13. Of the Rs 35,000-37,000 crore that the firm plans to raise in 2013-14, about Rs 5,000 crore may be raise
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REC to sell Rs 15 bn worth 5-year bonds
Rural Electrification Corp is in the process of issuing Rs 1,500 crore worth five-year bonds in order to raise capital for funding power projects. The state-run lender has fixed an annual coupon of 8.70 per cent for the bonds. It may be noted that the financial institution scrapped the plans of raising funds in the s