The 11th Annual Integrated Rating and Ranking of Power Distribution Utilities report was released recently. The exercise, conducted with Power Finance Corporation Limited as the nodal agency, covers 71 power distribution utilities, comprising 45 state […]
The Power Finance Corporation (PFC), the largest lender to the power sector, with a market share of 20 per cent, has been lending to marquee power projects and facilitating government schemes, including the latest Rs […]
In a major relief to many ailing power companies, the Supreme Court has set aside the February 12, 2018 circular of the Reserve Bank of India (RBI) that had revised the framework for the resolution […]
In a significant development, the Reserve Bank of India (RBI) has rejected the Ministry of Power’s (MoP) plea, seeking a reprieve for the power sector from the RBI guidelines issued in February this year. At […]
The power distribution segment has shown considerable growth over the past few years. Even though the majority of discoms continue to make losses, the aggregate book losses have declined by around Rs 175 billion over […]
In November 2017, state-owned Power Finance Corporation (PFC) raised $400 million through its maiden green bond issue. The company listed its 10-year Reg S Green Bond on the London Stock Exchange’s (LSE) International Securities Market […]
By Dr U.R. Prasad, Deputy Chief (Economics), Central Electricity Regulatory Commission The Electricity Act, 2003, the National Electricity Policy, 2005 and the Tariff Policy, 2006 provide the structure and the principles to be followed for […]
Financing activity in the power sector remained subdued in the past year. Although the sector has showed some improvement owing to several government initiatives such as the Ujwal Discom Assurance Yojana (UDAY), the Integrated Power […]
Several leadership changes have taken place in the power sector over the past 12 months. The foremost among these was the appointment of a new minister for the sector. Raj Kumar Singh took over the […]
Despite having significant potential, hydropower development in India has been rather slow. Against an estimated potential of 148.7 GW, the installed capacity is only 44.48 GW (projects of 25 MW and above capacity) and projects […]
PFC sanctions Rs 91.28 billion loan to Tamil Nadu utilities The Power Finance Corporation (PFC) has sanctioned a loan of Rs 91.28 billion to provide financial assistance to power utilities in Tamil Nadu. The company […]
The Himalayan state of Sikkim witnessed the commissioning of the 1,200 MW Teesta Stage III (Teesta III) project, the state’s largest hydropower project, in the beginning of 2017. Located on the river Teesta, the project […]
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