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.
States to Get Financial Support
The Centre will extend financial support to states to enable them to offer new electricity connections free of cost to everyone. At present, electricity connections to only below poverty line (BPL) families are offered for free.
Interventions improved implementation significantly
The Ministry of Power and Rural Electrification Corporation (REC), after consultation with state governments, have formulated the roadmap and strategy to electrify the remaining un-electrified villages on mission mode under Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY).
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.
Reliable energy is Govts responsibility
RK Chugh, Vice-President and Head, Smart Grid Division, Siemens Limited, identifies the anomalies in the distribution segment and the measures that can be taken to overhaul the system.
REC crowd puller at IITF 2013
Rural Electrification Corporation (REC) showcased 'Inclusive Growth', in rural India through village electrification under the Rajeev Gandhi Grameen Vidyutikaran Yojana (RGGVY) scheme at IITF 2013. REC created a rural setting with life size sculptures depicting socio- economic benefits accrued to the rural households due to electrification of villages. The stall highlighted the various facets of development such as health centres with better facilities, adult education centres, pump-sets irrigat
REC to raise over Rs 37,000 cr in this fiscal
Through different instruments including overseas markets, government-run Rural Electrification Corporation (REC) is to raise over Rs 37,000 crore in this fiscal, the Corporation CMD Rajeev Sharma stated. He said that through bonds, external commercial borrowings (ECBs), the Corporation will raise the amount.