The first commercial auction is expected in another 4-5 months. I want to have a detailed consultation with stakeholders before bringing out the first such auction. We expect the industry to react positively to this progressi
The Andhra issue would soon get resolved. They have started paying back developers. The IREDA has given it some money. PFC-REC is also providing some support. The Andhra case, though a dampener, is also an eye-opener. That is
The country’s GDP continued to slide further in the July-September quarter to report an overall expansion rate of just 4.5% — the lowest quarterly growth for the country since Q4FY13, or a 26-quarter low.
NCL’s claim of raising FSA coal quantities is significant at a time when a number of power projects across the country are suffering from the shortage of the fuel and most of the Coal India subsidiaries are recording muted
A senior official of a major renewable company said on the condition of anonymity that uncertainties stemming from Andhra Pradesh's decision have led to a situation where projects, despite being completely constructed, are no
The mechanism would give more operational flexibility to thermal generators, which can sell additional power in the spot market when discoms procure lower volumes of electricity than what was scheduled by them earlier
Stressed power assets got partial relief when the Supreme court, on April 2, declared the Reserve Bank of India’s February 12, 2018 fiat on mandatory insolvency and bankruptcy code (IBC) timelines as ‘ultra vires’.
Both the companies did not respond to FE’s queries over the deal till press time. Though the financial details of the deal were not revealed, industry experts have pegged the valuation of RattanIndia solar assets between Rs
The Cabinet Committee on Economic Affairs in October relaxed the norms for firms to open fuel retail outlets, effectively paving the way for more private companies, both foreign and domestic, to enter this business domain.
Major solar tenders have remained under-subscribed recently with issues such as irregular payments, land acquisition and abrupt power curtailment from the state-owned power distribution companies (discoms) making the industry
Sources told FE the plan was set into motion after Prime Minister Narendra Modi highlighted the RE potential of the border areas, stressing that such projects could also help generate drinking water for people living in the a
Another senior official from a different solar company said since the ceiling tariff for similar tenders has been kept at Rs 2.78/unit, it did not make much sense to participate this particular tranche.