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Power Minister asks DVC to explore equity market route to raise funds for growth Union Power Minister Manohar Lal Khattar on Wednesday reviewed the performance of the Damodar Valley Corporation (DVC) here and suggested that it may explore the equity market to raise funds for its future growth plans.  During the meeting held at the DVC headquarters, the Minister also discussed the operational challenges and financial issues faced by the corporation.  He said the growth and progress of DVC are important for energy security and economic development of the cou...
Power Minister asks DVC to explore equity market route to raise funds for growth
Power Minister asks DVC to explore equity market route to raise funds for growth
Source: IANS
2024-07-18 09:10:20 am
PFC pays record interim dividend of Rs 3,630 cr for 2023-24 The Power Finance Corporation (PFC), a Maharatna Central Public Sector Enterprise, paid Rs 554 crore as the third interim dividend to the government on Wednesday for the financial year 2023-24. This is in addition to the first interim dividend of Rs 832 crore and the second interim dividend of Rs 647 crore paid earlier by the PFC to the government for its share of equity. The total interim dividend paid to the government, which has a 56% stake in PFC, works out to Rs 2,033 crore. With t...
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
Source: IANS
2024-04-04 09:50:13 am
Adani Electricity Mumbai tops Centre`s discom ranking Adani Electricity Mumbai has topped the rating list of India's 55 power distribution companies (discoms) released by the Union Power Ministry on Monday. The 12th Edition of Integrated Rating of Discoms, which evaluated the performance of 55 electricity distribution utilities, rated 12 utilities with the highest ranking of A+. In the list, Torrent Power Surat ranked at the second position, Torrent Power Ahmedabad at the third position, followed by Gujarat's state power utilities ...
Adani Electricity Mumbai tops Centre`s discom ranking
Adani Electricity Mumbai tops Centre`s discom ranking
Source: IANS
2024-03-12 10:37:30 am
Government amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New & Renewable Energy R. K. Singh said on Friday. The minister said that the amendments empower consumers living in multi-storied flats in choosing their connection type and ensure separate billing for common areas and back-up generat...
Government amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
Government amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
Source: IANS
2024-02-23 01:42:32 pm
Total outstanding dues of Discoms come down to Rs 50,000 crore in January: Power Minister Power Minister R. K. Singh has said that total outstanding dues of power distribution companies (Discoms) have come down to around Rs 50,000 crore as on January 31, 2024 following the implementation of Electricity (LPS and Related Matters) Rules, 2022. Total outstanding dues of distribution companies (discoms) were at Rs 1,39,947 crore in June 2022.  With the implementation of the rules, a remarkable improvement has been seen in recovery of outstanding dues.  The minister said di...
Total outstanding dues of Discoms come down to Rs 50,000 crore in January: Power Minister
Total outstanding dues of Discoms come down to Rs 50,000 crore in January: Power Minister
Source: Accord Fintech
2024-02-09 11:29:17 am
Government working on policy mechanism to promote use of green hydrogen With an aim to increase adoption of renewable energy and use of green hydrogen as envisaged in the National Green Hydrogen Mission, the Ministry of New and Renewable Energy is working on the modalities for promoting the use of green hydrogen in supporting round-the-clock electricity. The officials had detailed discussions on the various potential options for using Green Hydrogen as a storage medium for supporting round-the-clock power and peak power demand. They also discussed various mech...
Government working on policy mechanism to promote use of green hydrogen
Government working on policy mechanism to promote use of green hydrogen
Source: Accord Fintech
2024-02-07 03:03:21 pm
India`s ACME Group inks pact to supply green ammonia to Japan`s IHI Corporation  ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, have signed an offtake term sheet for supply of green ammonia from India to Japan. The term sheet between IHI and Acme covers the supply of 0.4 MMTPA (million metric tons per annum) of green ammonia from Phase-1 of Odisha project in Gopalpur on a long-term basis. Both companies plan to partner across the value chain, starting from production to logistics, suppl...
India`s ACME Group inks pact to supply green ammonia to Japan`s IHI Corporation
India`s ACME Group inks pact to supply green ammonia to Japan`s IHI Corporation
Source: IANS
2024-01-24 09:35:46 am
Power capacity from non-fossil fuels to touch 65% by 2030: Minister Minister for Power and New & Renewable Energy R.K. Singh said on Friday that India is adding renewable energy capacity at a pace that is one of the fastest in the world and is likely to increase its power capacity from non-fossil fuels to 65 per cent by 2030. The Minister observed that India has emerged as a country which is at the forefront of energy transition. "We had pledged that we will have 40 per cent of our capacity from non-fossil-fuels by 2030, and today, we have 44 p...
Power capacity from non-fossil fuels to touch 65% by 2030: Minister
Power capacity from non-fossil fuels to touch 65% by 2030: Minister
Source: IANS
2024-01-20 10:31:34 am
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme The central government has given the go-ahead to big GW scale projects for setting up around 48.3 GW of integrated high efficiency Solar PV module manufacturing capacity in the country under its Production Linked Incentive (PLI) Scheme as part of the big push to green energy, according to Minister of Power and Renewable Energy R.K. Singh. Demand for India-made solar PV modules is expected to get a fillip with the Central Public Sector Undertaking (CPSU) Scheme Phase-II for setting up 12,00...
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme
Source: IANS
2023-12-23 01:51:42 pm
Renewable energy sources can supply 65% of world's total electricity by 2030: Raj Kumar Singh Union Power and New & Renewable Energy Minister R K Singh has said that renewable energy sources have the potential to supply 65 per cent of the world's total electricity by 2030 and decarbonise 90 per cent of the power sector by 2050.  The minister noted that currently, around 80 per cent of the global population resides in countries that depend on fossil fuel imports, totalling a staggering 6 billion people.  He stressed that the objective is to triple global renewab...
Renewable energy sources can supply 65% of world's total electricity by 2030: Raj Kumar Singh
Renewable energy sources can supply 65% of world's total electricity by 2030: Raj Kumar Singh
Source: Accord Fintech
2023-10-31 12:39:21 pm
Government planning to register only India-made solar panels under ALMM: RK Singh Minister for New and Renewable Energy RK Singh has said that the government is planning to register solar panels made up of only domestically manufactured cells, wafers and polysilicon under the Approved List of Models and Manufacturers (ALMM) in the next 3-4 years. Singh has also asked the concerned officers of his ministry to prepare a policy in this regard. ALMM was introduced by the government to boost domestic manufacturing of solar panels. He said the modules with less efficiency are re...
Government planning to register only India-made solar panels under ALMM: RK Singh
Government planning to register only India-made solar panels under ALMM: RK Singh
Source: Accord Fintech
2023-10-23 10:25:01 am
India, Saudi Arabia sign pact on clean hydrogen, supply chains India and Saudi Arabia on Sunday signed a MoU on electrical interconnections, green and clean Hydrogen and supply chains.The MoU was signed between Power Minister R.K. Singh, who is currently in Riyadh and Saudi Arabian energy minister Abdulaziz bin Salman Al-Saud on the sidelines of the MENA climate week.This MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection, exchange of electricity during peak times and emergencies...
India, Saudi Arabia sign pact on clean hydrogen, supply chains
India, Saudi Arabia sign pact on clean hydrogen, supply chains
Source: IANS
2023-10-09 10:49:47 am