The Union Cabinet, chaired by the Prime Minister Narendra Modi, gave its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs. The direct financial implication for the Government is Rs.5 crore, which […]
Govt finalising Rs 3.5 lakh cr discoms package on the lines of UDAY: R K Singh
The scheme will come with a gross budgetary support of Rs 1.2 lakh crore over five years will be result-oriented where the distribution companies will invest first and get money later. New Delhi: The government is close to finalising a Rs 3.5 lakh crore financial assistance package that would mandate state power distribution companies with […]
Energy sector players cheer stimulus, says steps towards self-reliance
Welcoming the announcement, Vikram Solar CEO Saibaba Vutukuri said the “path-breaking initiative” aims to make India self-reliant and reduce import dependency on imports for solar modules and its components New Delhi: Energy sector players on Wednesday hailed the government’s move to infuse Rs 90,000 crore liquidity into power distribution companies (discoms), saying the stimulus will […]
Ensure uninterrupted electricity supply to consumers: PM Narendra Modi to power sector
At a meeting to review the power sector and the impact of COVID-19 pandemic on it, he also discussed various long-term reforms for enhancing sustainability, resilience, and efficiency of the sector, an official release said NEW DELHI: Amid the coronavirus crisis, Prime Minister Narendra Modi on Friday asked officials to work towards ensuring round-the-clock supply […]
India’s annual power demand seen falling for first time in almost four decades: Moody’s unit
Power usage has fallen by almost a quarter since Prime Minister Narendra Modi enforced a nationwide lockdown starting March 25, forcing all industries except those deemed essential to shut down CHENNAI: India’s electricity demand during the current financial year is seen falling for the first time in at least 36 years, ratings agency Moody’s unit […]
Give $1trn for green recovery: Prakash Javadekar to developed countries
The event was co-chaired by Germany and the UK, and witnessed the participation of 30 countries. The aim was to facilitate discussions among high-level government officials over measures that could pave the way for a green recovery from the current economic crisis. Union environment minister Prakash Javadekar has called for a grant of $1 trillion […]
Lockdown extension right move, adverse impact on EV sector in next 1-2 months: SMEV
Describing the situation as a testing time for the EV industry, SMEV Director General Sohinder Gill said it is also time for its members to conserve cash, take care of workmen and utilise this time to plan ahead New Delhi: Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday said extension of the lockdown is […]
Power demand dipped 26 GW as citizens switch off lights
The national power grid was prepared for the fall in demand and has been gradually scaling down thermal power generation in steps since 7.30 PM. In tandem power generation from gas-based and hydel generation units were being scaled up to maintain the balance. Kolkata: Almost 26 GW of demand dropped between 9:00 PM and 9:15 […]
PM’s April 5 blackout call puts power sector on alert mode to maintain grid stability
The Grid stability in the country is maintained by keeping power frequency within a range specified by Central Electricity Regulatory Authority (CERC). Any deviation from identified frequency is managed by increasing or decreasing power flow in the grid New Delhi: Prime Minister Narendra Modi’s appeal for a 9-minute blackout at 9 p.m. on Sunday, has […]
Appeal of Hon’ble Prime Minister, to Switch off lights in houses at 9:00 PM, for 09 Minutes on 5th April 2020 : Actions to be taken
Appeal of Hon’ble Prime Minister, to Switch off lights in houses at 9:00 PM, for 09 Minutes on 5th April 2020 : Actions to be taken For more information please see below link: