Monthly Archive: September 2018

Govt mulls selling its stake in PFC to REC

The government is considering selling its 65.61 per cent stake in state-owned Power Finance Corporation (PFC) to Rural Electrification Corporation (REC), which could fetch the exchequer about Rs 13,000 crore. “The discussions are at...

SC grants relief from NCLT for stressed pvt power plants

In a big relief to private power companies, the Supreme Court has stayed the Reserve Bank of India’s circular, preventing stressed power plants from insolvency proceedings. “The Supreme Court has asked RBI and parties...

T.N. grants first licence for private power distribution

Breaking new ground in power distribution, Tamil Nadu will soon have a private licensee for the distribution of electricity. The State Electricity Regulatory Commission (TNERC) has permitted the India Power Corporation (Tuticorin) Private Limited...