Gautam Thapar-promoted CG Power and Industrial Solutions, after a gruelling 13-hour long board meeting on Tuesday, said an investigation by its board found major governance and financial lapses, with liabilities of the company and the group potentially being understated by hundreds of crores of rupees.
People in the national capital will not have to pay anything for consuming up to 200 units of power, Delhi Chief Minister Arvind Kejriwal announced on Thursday. But if a consumer uses 201 units, he will have to pay the full charge, he said.
Tata Power on Monday said its renewable energy subsidiary TPREL has received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to set up a 250 MW solar project in Dholera Solar Park in Gujarat.
India’s levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14 per cent cheaper than coal-fired power that has traditionally been the cheapest source of power generation, WoodMac said.
State-owned NTPC will seek shareholders' approval to raise Rs 15,000 crore through issuance of bonds or debentures and to raise borrowing limit to Rs 2 lakh crore, next month.
India may spin off units of Coal India Ltd., the world’s largest coal miner, into separate listed companies to boost competition and raise government funds, according to people with knowledge of the matter.
The Power Ministry in a release said that till now, the government has been preparing perspective plans for generation and transmission sectors under the aegis of the National Electricity Plan (NEP). The distribution plan keeps the needs of consumers at the centre of its focus.
India's renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday.
In an effort to save energy consumption in India, Power Minister R K Singh has asked central government offices and PSUs to run their air conditioners (ACs) at a temperature of 24-25 degrees Celsius.