In Short : PFC Infra Finance IFSC Limited, the first finance company for power and infrastructure lending under the International Financial Services Centres Authority (IFSCA), is set to commence operations following approval from the IFSCA. This new initiative aims to enhance funding for power and infrastructure projects, facilitating growth and development in these critical sectors […]
In Short : RECPDCL has officially handed over Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation of India Limited (PGCIL). This transfer marks a significant step in enhancing the region’s power transmission infrastructure, aiming to improve efficiency and reliability in electricity delivery. PGCIL’s expertise will contribute to the development and operation of the transmission […]
In Short : Shri Manohar Lal recently addressed a brainstorming session focused on the Indian power sector scenario for 2047. He emphasized the need for innovative strategies to enhance sustainability, improve infrastructure, and integrate renewable energy. The discussion aimed to envision a robust and resilient power sector that supports India’s growth while addressing environmental challenges […]
In Short : Power Finance Corporation (PFC) has secured its largest-ever foreign currency term loan of USD 1.265 billion. This significant funding will support the corporation’s initiatives in financing power sector projects across India. The loan underscores PFC’s commitment to enhancing energy infrastructure and facilitating sustainable development, while also reflecting investor confidence in India’s growing […]
In Short : The Indian Cabinet has approved the country’s membership in the International Energy Efficiency Hub by signing a Letter of Intent. This move aims to enhance collaboration with global partners, share best practices, and leverage innovative technologies to improve energy efficiency. Joining the Hub aligns with India’s climate goals, supporting sustainable energy solutions […]
In Short : Shri Manohar Lal stated that the Ministry of Power, under the leadership of Prime Minister Shri Narendra Modi, has achieved significant milestones in its first 100 days. These accomplishments reflect the government’s focus on enhancing energy infrastructure, ensuring reliable power supply, and promoting renewable energy. The progress highlights the commitment to improving […]
In Short : The government’s commitment to renewable energy has received a major boost as the Central Electricity Authority (CEA) approved two additional Hydro Pumped Storage Projects with a combined capacity of 2,500 MW. These projects will play a crucial role in enhancing energy storage, stabilizing the grid, and supporting the country’s transition to cleaner, […]