The union government will provide subsidies to the developers that will look to set up charging infrastructure in India, which will then be given to the state electricity distribution companies, the official added
Addressing an event here organised by IEEMA, Garg said the government is working on the revised version of the scheme, where it will also cater to separating carriage and content in the distribution sector.
"Transmission projects worth Rs 50,000 crore would be auctioned. It could be even more than this during this fiscal," Pujari told reporters at a CII conference here.
Power and Coal Minister Piyush Goyal had said in September that the Power Ministry is at the final stage of framing the new tariff policy, which will soon be placed before the Cabinet for approval.
IDBI Bank deputy MD BK Batra says RLNG facilities will be demerged into a separate SPV. "They needed additional investment for the capacity to be fully used to 80 cargos. It cannot be done unless break water facilities are there," he says
Talking to CNBC-TV18, C VR Rajendran, retd. CMD, Andhra Bank said that banks are not always going to fund for losses; government will have to find a solution.
A total of 17 Secretary-level new appointments have been cleared by the Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi.
Thirty-one power stations with a combined capacity of 14,305 megawatt, which are languishing for want of gas, can bid support from the Power System Development Fund (PSDF) for generating 30 percent of their installed capacity, called plant load factor or efficiency, with imported liquefied natural gas (LNG).
In order to strengthen country's power transmission system, so as to avoid grid collapse that was seen last year, the Power Ministry is formulating new regulation to ease pressure on Power Grid Corporation.
New bidding norms for thermal power projects are likely to be finalised by December 31, Power Secretary P Uma Shankar said today.
The power ministry has sought increase in the single- borrower exposure limit of banks to 25% in a bid to meet the sector's increasing requirement for funds, reports CNBC-TV18's Mehak Kasbekar.