Ministry of Finance

Solar Manufacturers Support Vocal-for-Local Program; Seek Level-Playing Field

The country’s leading solar photovoltaic (PV) manufacturers, including RenewSys, Vikram Solar and Webel Solar, have extended their support to Prime Minister Narendra Modi’s recent call for Vocal-for-Local program. However, they sought level-playing field for all irrespective of the area within the country. By welcoming the government’s move, Avinash Hiranandani, Global CEO & Managing Director of […]

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Ajoy Choudhury Appointed as REC’s New Director Finance

State-owned power sector lender REC Ltd said that Ajoy Choudhury has been appointed as Director (Finance) on the company’s Board effective from today i.e. June 1, 2020. Prior to this, Choudhury was handling the post of Executive Director (Finance) REC Ltd. The state-owned lender notified through a regulatory filing that “Ajoy Choudhury… has been appointed as Director […]

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WB Industrial Consumers Took Legal Action against Power Utilities on Fixed Charges

Industrial consumers in West Bengal (WB) has dragged power utilities in the state to court after their plea for relief on fixed charges among other demands in the lockdown was rejected. Moreover, nodal agency West Bengal Electricity Regulatory Commission (WBERC) had also paid no heed to their demands, when they approached the regulator, the high-tension […]

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PM Stresses on Attracting Private Investments for Power Sector

Prime Minister Narendra Modi on Friday emphasized the need for enforcement of contracts effectively in order to attract private investments for the ailing power sector. He said during a detailed meeting held on the power sector with his team of Ministers. Prime Minister also took stock of the impact of the coronavirus. Narendra Modi also […]

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Govt Extends Phase-II of Atal Jyoti Yojana Till Mar 2021; EESL to Float New Tender

After subdued progress in the installation of solar street lights, the Government has extended the second phase of its Atal Jyoti Yojana (AJAY) for a period of one year till March 31, 2021. The move came after the instructions issued by the Finance Ministry’s Expenditure Department on continuation and extension of public funded ongoing schemes. […]

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MNRE to Soon Issue Relief Guidelines for Solar Projects Delayed By Coronavirus

With an aim to save renewable energy developers from expected delays in project commissioning on the back of lack of supply from China due to spread of coronavirus, the Ministry of New and Renewable Energy (MNRE) will provide extra time for such developers. The move is expected to be in line with the earlier clarification […]

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Govt Asks Solar Manufacturers to Submit List of Items for Basic Custom Duty Exemption

In a step towards providing further relief to domestic solar manufacturers in the country, the Government on Thursday has asked the solar photovoltaic (PV) manufacturers and related associations to submit their list of items to be included in the Basic Custom Duty (BCD) exemption list. In this regard, the Ministry of New and Renewable Energy […]

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MNRE Shares List of Insurance Providers for Solar Power Plants

With an aim to provide some relief to solar energy industry stakeholders, the Ministry of New and Renewable Energy (MNRE) has shared a list of those insurers who are currently offering products covering various risks associated with the solar power plants. The MNRE said in a statement that it had taken up with the Department […]

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