The power sector of the country has witnessed a considerable change and evolution in the last two decades owing to several policy and regulatory measures.

The wind power sector is going through a transformation with the entry of competitive bidding process. Though it could keep up the pace as of now, analysts say, it will slow down going ahead.

A Mechanical Engineer by qualification, Gurdeep Singh, CMD, NTPC, has over 28 years of experience in power generation sector. He started his career with NTPC and has worked at various levels in both Indian and multi-national companies such as Powergen, CLP, IDFC, CESC and AES.

YES BANK has signed an MoU with Bureau of Energy Efficiency (BEE) to become the Participating Financial Institution (PFI) to avail the risk guarantee under the Partial Risk Guarantee fund for Energy Efficiency (PRGFEE). The PRGFEE is a risk sharing mechanism that provides YES Bank with a partial coverage of risk involved in extending loans for Energy Efficiency projects with an objective of scaling-up Energy Efficiency investments in India.

India continues to witness rapid development but to keep the momentum of growth high, availability of an uninterrupted power supply is a must. India needs electricity to fuel the growth of every industry, be it large-scale or small scale, manufacturing, healthcare or education.

In order to support banks and credit institutions to achieve robust credit growth in the Micro, Small and Medium Enterprises (MSME) sector while managing the non-performing assets (NPAs), TransUnion CIBIL launched CIBIL MSME Rank (CMR) – a credit risk rank for MSMEs.

CMR is a credit risk rank for MSMEs that predicts the probability of an MSME becoming NPA in the next 12 months.

The Union Budget is full of sops for solar - in terms of investment, village electrification and taxes. But, it calls for building renewable power compatible T&D infrastructure on a war footing.

“The union Budget’s declaration of ‘100% village electrification by May 2018’ will be beneficial to power distribution segment. Also, the plan to add 20,000 MW solar power will boost solar segment.