We have already liberalised the Electricity Act and it provides for franchisees. However, the charging station is not selling electricity, but giving you a service. It is actually buying the electricity from a discom.

Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters of stressed power projects, officials said.

Although state discoms have managed to leverage UDAY by paring financial losses from Rs.51,589.51 crore in FY16 to Rs.34,826.87 in FY17, a marginal decrease in AT&C losses seems to be the bone of contention, as what has been envisaged has not been achieved yet, barring bailing-out non-performers.

Tangedco is set to replace all old thermal units in the state with new super critical units at an estimated 40,000 crore. The new thermal units, which will have a combined capacity of 5,700MW, will come up in the next five years. Several state-owned thermal units are working beyond their prescribed life of 25 years.

Power Finance Corporation (PFC) has sanctioned Rs.5,474 crore as term loan to Tamil Nadu Generation and Distribution Company (Tangedco) for setting up two thermal power units of 800 MW each at Uppur in Ramanathapuram district.

State-owned lender Power Finance Corporation has announced that Rajeev Sharma has taken over as the new Chairman and Managing Director of the company with effect from October 01, 2016.

The government has ordered an enquiry into ´operation and mismanagement´ of Shree Maheshwar Hydel Power Corp (SMHPC) even as promoter Mukul Kasliwal and main lender Power Finance Corp trade charges of serious lapses that delayed and derailed the country´s first private hydropower venture.

Rajeev Sharma has been appointed as Chairman and Managing Director (CMD) of Power Finance Corporation (PFC), a Navratna Public Sector Undertaking. Sharma is presently CMD of Rural Electrification Corporation Ltd.

The governments Ujwal Discom Assurance Yojana (UDAY) scheme to help ailing power distribution companies (discoms) could weaken Power Finance Corporations (PFC) profitability and impact its credit growth over the next two years, says rating agency ICRA. However, it has also pointed to the potentially beneficial effects of UDAY and kept its rating high.