CCEA

CCEA Approves RCE for North Eastern Region Power System Improvement Project

The Cabinet Committee on Economic Affairs (CCEA) has approved the Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs.6,700 crore. This is a major step, towards the economic development of the North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems. Announced […]

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Cabinet Relaxes Working Capital Limit for Loans to Discoms

The Union Cabinet has approved a one-time relaxation to PFC and REC for extending loans to Discoms above limits of the working capital cap The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans […]

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Indian Railways to be Transformed Into ‘Green Railways’

With the goal of transforming the Indian Railways into “Green Railways”, complete electrification of the Railway network has been approved by CCEA With the goal of transforming the Indian Railways into “Green Railways”, complete electrification of the Railway network has been approved by Cabinet Committee on Economic Affairs (CCEA) which will reduce its carbon footprint […]

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Shakti Pumps Buoyant on Govt’s Scheme for Solar Irrigation Pumps

As per the government sources, the project envisages implementation of overall 2.75 lakh agricultural pumps for FY 2019-20, the company added. One of the leading water pumps and motors makers Shakti Pumps India Ltd is quiet optimistic about the government’s mega scheme called Kisan Urja Suraksha Evam Utthan Mahabhiyan (KUSUM), for boosting use of solar-powered […]

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PFC Raises $ 300 Million Through Syndicated Loans

PFC raises $ 300 million through a three-year syndicated loan from SBI, Honk Kong and MUFG Bank, Singapore. The Power Finance Corporation (PFC), a state-owned non-banking financial company (NBFC) that funds power sector projects has announced that it has raised $ 300 million through a three-year syndicated loan from the State Bank of India, Honk […]

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Prez Sanctions Rs 11,814 Cr for Grid Connected Rooftop Solar Programme Phase-II

However, the Ministry further added that the detailed operational guidelines for implementation of the scheme will be issued separately. The President of India has accorded for phase-II of grid-connected rooftop solar programme for achieving a cumulative capacity of 40 GW from Rooftop Solar (RTS) projects by 2022 with the total central financial support of Rs 11,814 […]

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Top Stories of the Week for Solar Industry

Narendra Modi Flags Off First Ever Diesel to Electric Locomotive Prime minister Narendra Modi has flagged off the world’s first ever diesel to electric converted locomotive at the Diesel Locomotive Works in Varanasi. The Prime Minister unveiled the first of its kind converted electric locomotive during his visit to Varanasi, Uttar Pradesh on February 19, […]

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Govt Okays 2nd Phase of Grid Connected Rooftop Solar Prog to Target 40 GW by 2022

The programme will be implemented with total central financial support of Rs 11,814 crore. In a bid to achieve the ambitious targets of 40 GW cumulative capacity from Rooftop Solar (RTS) Projects by 2022, the government has provided its consent for the Phase-II of grid connected rooftop solar programme. As per the Cabinet Committee on […]

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CCEA Approves Launch of Rs 34,422 Crore KUSUM Scheme

The total central financial support provided under the scheme would be Rs. 34,422 crore. The Cabinet Committee on Economic Affairs (CCEA) has approved the launch of the Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) with the objective of providing financial and water security to farmers. The proposed scheme consists of three components: Component-A: 10,000 MW […]

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