Govt may extend concessions for merchant solar projects

The Union Ministry of New and Renewable Energy (MNRE) plans to fine-tune provisions of the solar policy to expedite project implementation, and is also considering extension of concessions for merchant solar projects by taking...

PFC gets Board nod to launch PE Fund

The board of directors of Power Finance Corporation Ltd (PFC) has given an approval to a proposal to launch private equity fund for the power sector with a target of the total fund size...

Kudankulam plant is 100% safe: Kalam

Former President A.P.J. Abdul Kalam, who is on a mission to allay fears about the safety of the Kudankulam Nuclear Power Plant, on Sunday said it was ‘completely safe’ as it is located in...

Banks risk tripping over loans to power distributors

(Reuters) – Banks are staring at the prospect of restructuring loans to loss-making state electricity boards in order to stave off defaults. State-run Punjab National Bank gave fresh long-term loans to pay off short-term...

Coal India restarts e-auction

Coal India is now back on the e-auction route. After staying away for a month following the government’s push to divert supplies to fuel-starved power plants, the public sector miner resumed auctioning on Tuesday....