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Installed Generation Capacity Sufficient to Meet Electricity Demand
November 2019
The installed electricity generation capacity in the country was around 364,960 MW on October 31, which is sufficient to meet the electricity demand in the country. The gap between demand and supply of power up to October during the current fiscal in terms of energy and peak is less than 1 per cent, stated Raj Kumar Singh, Minister of Power and New & Renewable Energy.
PM constituency stops power theft with underground cables
February 2018
In a country that loses a quarter of its electricity to theft, Prime Minister Narendra Modi's parliamentary constituency — Varanasi — has shown a way out by pushing distribution cables underground and deploying technology to track illegal connections.
Budget 2016-17: Thrust to nuclear to raise capacities, doubling ‘Clean Cess’ to boost renewables
March 2016
The Union Finance Minister Arun Jaitley has turned his focus on to nuclear energy as a source of power generation in a bid to diversify the power sources, in his Budget 2016-17, presented on February 29, 2016. This will be in addition to the renewable energy initiatives announced a few months back.
Tata Powers JV hydro project in Zambia gets UNFCCC approval
January 2016
Tata Power, India's largest integrated power company, today announced that its Joint-Venture of 120 MW Itezhi Tezhi Hydro Power Project in Zambia has received Clean Development Mechanism (CDM) approval from United Nations Framework Convention on Climate Change (UNFCCC).
Rs.1.2 lakh crore Bihar package includes Buxar power plant
September 2015
PM Modi´s Rs 125,003 cr Bihar package, spread over the next few years, includes new elements like the Buxar power plant.
How the budget can fire power
February 2015
On 28th February, when Finance Minister Arun Jaitley presents his second budget (after his Interim Budget 2014 in July) the power industry may expect some major policy relief as it will be the first full-fledged budget presented by the FM.
Cabinet approves Rs.32,600 crore power scheme
December 2014
The Cabinet has approved the Rs 32,600 crore Integrated Power Development Scheme (IPDS) that will strengthen the transmission and distribution networks and metering in urban areas and smarten it with information technology.
PFC selects developers for Odisha
August 2014
Power Finance Corporation is under the process of selecting a developer through international bids for three coal blocks that have been allotted to it for the 4,000 MW Ultra Mega Power Project in Odisha.
Rs.225-cr compensation disbursed for Odisha UMPP
June 2014
The Odisha Integrated Power Ltd (OIPL), a fully owned subsidiary of Power Finance Corporation (PFC), has disbursed compensation worth Rs 225 crore for private land acquired for the first ultra mega power project (UMPP) being set up at Bhedabahal near Sundargarh.
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