Govt approves pilot solar projects
The government has approved implementation of a Pilot-cum- Demonstration Project for Development of Grid-connected Solar PV Power Plants on canal-banks and canal-tops under National Solar Mission (NSM).
Yet to Gain Momentum
With a target to provide round-the-clock electricity across the country by 2019, Prime Minister Narendra Modi and his Power Minister Piyush Goyal have put power on top of the agenda for the country.
The Cash Crunch
Public sector banks in India are staring at humongous piles of bad debts, delinquent loans are rising unabated. Ballooning bad debts have caused 10 Indian state-owned banks to report losses of a whopping Rs.153 billion for the March, 2016 quarter. India Ratings, a Fitch associate, estimates that 21 per cent of the total bank credit is stressed.
Finance Ministry convenes bank meet to discuss RE funding
Finance Minister Arun Jaitley reviewed the performance of Public Sector Banks, MNRE also discussed the status of commitment given by banks for funding of renewable energy projects over the next five years, for the government´s plan to add 175 GW renewable energy capacity by 2022.
Govt in a fix over CIL stake sale amidst green worries
Rising global worries over the environment and pressure from green groups has created a stumbling block for India´s plan to raise as much as $3.3 billion from selling a 10 per cent stake in Coal India Ltd (CIL).
Solar technology has many unique attributes which make it one of the most preferred sources of power, particularly in India, a densely populated country with a high energy deficit - it can be rapidly deployed across most parts of the country, it is modular in nature and it is environmentally friendly.
Loans in jeopardy!
As much as Rs 75,000 crore of loans - or nearly 15 per cent of the aggregated debt to power generation companies - are at risk of becoming delinquent in the medium-term.
Mining banned in six Kerala rivers
Mining has been banned in six of Kerala´s rivers for three years based on the sand mining audit, which reported that there was not enough sand deposits in these rivers and further mining could lead to environmental degradation.
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