New Delhi: The Andhra Pradesh government’s move to review and cut the purchase cost of wind and solar energy could stress 5.2-GW renewables projects with estimated debt exposure of over Rs 21,000 crore,” Crisil said on Tuesday. The move could also aggravate the problem of delayed payments from distribution companies (discoms), it said. According to […]
Govt asserts subsidy for EVs only for commercial vehicles, not personal usage
Under the Rs 10,000-crore FAME scheme, subsidy on EVs are given to three- and four-wheelers. The government Friday asserted that subsidies for promotion of electric mobility in India will be only for commercial vehicles, and automobiles for personal usage will not be included. Speaking at an event here, Minister of State for Heavy Industries and […]
Good news for electric vehicles in India: Govt invites proposals for EV charging Infra
The proposal is part of the phase-II of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) scheme which has been approved for a duration of three years starting April 1, 2019. In what could be seen as a big boost for electric vehicles in India, the Government has started inviting […]
Govt’s electric vehicle push: Watch out for these 4 stocks which can return up to 26%
As compared to other countries, the market share of electric cars is extremely low in India. The government has been continuously pinching the domestic auto makers for manufacturing electric vehicles to ensure the successful implementation. There is a demand for electric mobility as the rollout for same is being targeted by 2023 for 3W, 2025 […]
Govt invokes special powers to save green projects worth Rs 40,000 crore
NEW DELHI: The government has invoked special powers under the Electricity Act of 2003, directing the Central Electricity Regulatory Commission (CERC) to clear a clutch of inter-state transmission lines under the public sector route to save solar and wind power projects worth Rs 40,000 crore from getting stranded. Invoking Section 107 of the Act, a […]
Govt to rope in global firms to set up mfg units for solar cells, batteries, charging infra
New Delhi: The government will launch a scheme to bring in global firms for setting up mega manufacturing plants in India for solar cells, batteries and solar charging infrastructure through auction and provide tax benefits on these investments. The scheme was proposed in the General Budget presented by Finance Minister Nirmala Sitharaman on Friday. “Government […]
Govt must focus on supply as it has on generation, transmission
The results of a coordinated approach have already been demonstrated in the Saubhagya programme All this would need stronger coordination between the central government and the states The new government’s 100-day action plan proposes a power sector council. Given power is a concurrent subject, and its interlinkages with other sectors, it would need a coordinated […]
Govt bars defaulting discoms from short-term power purchases in open market
Letter of Credit to be mandatorily used as payment security mechanism for long-term PPAs signed by loss-making discoms The Centre in a bold move to discipline the state-owned loss making power distribution companies (discoms) announced that the ‘Letter of Credit’ should be mandatorily followed as a payment security mechanism. At the same time, it also […]
Govt invites technical bids for 4,000 MW Deoghar UMPP
The UMPP policy was launched in 2005-06 by the government to provide power at a competitive cost to consumers by achieving economies of scale. PFC Consulting, the consultancy arm of Power Finance Corporation (PFC), has invited bids to appoint a technical consultant for its 4,000 MW UMPP in Deoghar, Jharkhand. After a gap of four […]
Govt tells EV makers to localize manufacturing to qualify for subsidies
Despite the scheme’s accent on localization, the guidelines allow imports of key battery parts to manage costs All electric vehicle and hybrid manufacturers must localize manufacturing of wheel rims integrated with hub motor from 1 October 2019 Control units, chargers and AC units are among a slew of components that electric and hybrid vehicle manufacturers […]
