CHANDIGARH: The reform in power sector remains a pipe dream and benefits of surplus power generation capacity are negated by power distribution companies facing cash crunch. Now elections are round the corner and every political party is planning to promise more subsidies to all sections of consumers. The reform process in the country started with Electricity Act 2003 by replacing the Electricity (supply) Act...

Amaravati: Chief Minister N Chandrababu Naidu will unveil the world's first-ever thermal battery in his Andhra Pradesh state on Monday. Manufactured by the Bharat Energy Storage Technology Private Limited (BEST), the first-of-its-kind cell is aimed at boosting up renewable sources of energy production, instead of non-renewable fossil fuel-based energy generation. The technology, which will help in...

PATIALA: The Punjab State Power Corporation Limited (PSPCL) on Saturday surpassed its record of highest electricity supply in a day as it supplied 2,749 lakh units. Hot and relatively dry weather conditions have increased power requirement.The record supply was made even as most of the government offices, public institutions, colleges and schools are closed in the state on Saturday. PSPCL chief managing director B...

Government seems intent on abandoning good ideas for dealing with the country's banking crisis and encouraging bad ones. Perhaps that shouldn't be surprising, given that the bureaucrats don't yet seem to have grappled with the real nature of the problem. The latest terrible proposal for dealing with the bad loans weighing down India's state-owned banks, which control more than two-thirds of deposit...

  Government seems intent on abandoning good ideas for dealing with the country's banking crisis and encouraging bad ones. Perhaps that shouldn't be surprising, given that the bureaucrats don't yet seem to have grappled with the real nature of the problem.  The latest terrible proposal for dealing with the bad loans weighing down India's state-owned banks, which control ...

1 Chairman 2 Secretary General 3 Sr. Vice Chairman    (2 Nos.)  4 Vice Chairman (4Nos.) one from each region  5 Add. Secretary General (2Nos)  6 Secretary  (Hq) 7 Secretary Finance 8 Secretary Publication 9 Secretary Organisation 10 Secretary (4Nos) one from each region  11 Joint Secretary (8Nos) Two from each region  12 Executive...

CHANDIGARH: Punjab along with Andhra Pradesh, Kerala, Maharashtra, and Rajasthan are the ‘Front Runner’ states” in the inaugural edition of the nationwide ‘State Energy Efficiency index’ for the 29 states and Delhi. A.K. Bhalla Secretary Power, said, that efficient use of energy is the fastest, cheapest and cleanest way to meet India’s rising energy demand and power the nat...

India today imposed safeguard duty on solar cells imports from China and Malaysia for two years to protect domestic players from steep rise in the inbound shipments of the product. This comes following recommendations by the Directorate General of Trade Remedies (DGTR), under the commerce ministry. As per the notification of the finance ministry, 25 per cent safeguard duty have been imposed for July 30 to July 29, 20...

The central government has decided to set up a high-level empowered committee headed by the cabinet secretary to resolve the issue of stressed thermal power assets.The other members of the committee are representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector. In the northern region, there is only one project G...

Mumbai: Lenders to India’s stressed coal-based power projects are chasing one-time cash settlements to recover their long-pending loans even at a substantial cut on their dues. Banks are racing against time to avoid a potentially long-drawn insolvency process as all such defaulting projects will proceed for liquidation after 26 August following a recent circular by the Reserve Bank of India. It has led to ...