BERC announces five pc power tariff hike in Bihar

The Bihar Electricity Regulatory Commission (BERC) today announced an average five per cent power tariff hike for 2018-19 fiscal. The Commission has increased 40 to 60 paise per unit in the electricity tariff rate...

Suzlon Energy Commissions Largest Wind Turbine In India

One of India’s leading wind energy solutions providers, Suzlon Energy, has announced a new wind turbine that could help generate significant savings for project developers as competition in India’s wind energy sector intensifies. Suzlon...

Lucknow power distribution goes in private hands

The Yogi Adityanath-led cabinet on Friday approved a proposal handing electricity distribution in five Uttar Pradesh cities — Lucknow, Meerut, Moradabad, Varanasi and Gorakhpur — to private franchisees, a decision that has sparked a...

PFC, REC, NTPC could form joint venture to bid for stressed assets

Two leading public sector lenders in the power business and a state-owned power-generating giant are likely to come together and bid for stressed assets that will go through resolution under the Insolvency and Bankruptcy Code (IBC).Power Finance Corporation (PFC),...

SBI-UK DFID invest in India’s SunSource Energy

India’s largest public sector lender State Bank of India has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels...