Daily Archive: June 17, 2015

Renewable energy: best bet for farm sector

India is primarily an agrarian society with 52 per cent of the population directly engaged in agriculture. Pumping water is critical for India given the seasonal rainfall and competitive usage of scarce land resources....

India Plans Tax-Free Bonds To Fund Renewable Energy Projects

The Indian government, through its enterprises, is planning to raise funds by issuing tax-free bonds for renewable energy projects. At least 3 government-owned organisations — Power Finance Corporation (PFC), Rural Electrification Corporation (REC), and Indian...

Surcharge not a tariff hike, DERC tells govt

A day after the Delhi government shot off a letter to Delhi Electricity Regulatory Commission questioning last week’s PPAC order, the power watchdog said it’s examining the letter and would reply to it within...

PFC to issue foreign currency bonds of $ 1 bn

Power Finance Corporation   said that it will raise external commercial borrowings (ECBs) worth USD 1 billion. Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) Limited are arrangers for the issue. “…For the purpose...