Rajesh Kumar Singh
GAIL India Ltd. and Solar Energy Corporation of India have also submitted expression of interest to buy the assets.
India needs to resume subsidies on imported natural gas to help revive power plants that have been stuck for want of fuel.
Indian Prime Minister Narendra Modi’s government missed a self-imposed target to electrify every home.
Completion of the household electrification program would feature prominently on Modi’s report card ahead of elections next year.
India’s drive to clean up some of the world’s worst air by burning more natural gas appears to be faltering.
India Considers Merging Two State-Owned Power Lenders
NTPC, India’s largest electricity producer, is considering buying power plants run by indebted RattanIndia and Jaiprakash Power.
The deal will give GAIL an opportunity to add to its existing renewable energy portfolio of 129 MW and help offset emissions
The Supreme Court directed CERC to decide within 8 weeks on approving revised tariffs for three power producers in Gujarat.
India plans to build underground caverns that can hold a combined 6.5 million tons of emergency crude reserves at two locations.
SoftBank Offers Free Power to ISA States After 25-Year Deals
Merger will help government to rein in fiscal deficit amid growing risks of slippage, people with knowledge of the matter said.
Meeting will be hosted in New Delhi by Power Finance Corp., a state-owned firm that lends to the country’s electricity generators.
34 stressed assets covering Rs 1.8 trillion were identified in the coal-fired power sector, according government reports, SBI.
Excessive taxes and poor infrastructure choke the industry, according to the International Air Transport Association.
Company looking at splitting steel, power, global businesses.
RBI’s deadline to restructure $51 billion of stressed loans expired on Aug. 27, driving at a dozen companies into bankruptcy.
Court Allows Bankruptcy Action Against India Power Producers
NTPC seeks 2.5 million metric tonnes of imported coal to boost supplies as plants had less than 7 days of coal stock on Aug. 13.
SC ensures that lenders don’t initiate insolvency proceedings against power producers who aren’t categorized as wilful defaulters.
India’s harbors have become clogged up with coal, reflecting the infrastructure’s ability to cope with an expanding economy.