Another mega NPA list may be in the making for lenders
The boom in India's renewable energy sector, particularly solar power, is attracting investors from abroad -- at the cost of companies involved in coal or coal-based energy.The world's largest sovereign wealth fund, the Norwegian state's Government Pension Fund Global (GPFG), valued at a little over $900 billion, continues to divest from companies involved in the production of coal or coal-based energy. In April 2016, the fund announced it was excluding seven Indian companies from its portfolio. That included government-owned Coal India and private power generators Reliance Power and Tata Power, beside state giant NTPC.A report by the Institute for Energy Economics & Financial Analysis (IEEFA) says the list of Indian companies excluded has expanded since this March, with 10 more out. GPFG is one of the largest foreign investors in India. Its divestment screening approach is now being followed by other major global investors like AXA Investment Management and the Japanese ...
Environment and power ministries yet to agree on anti-pollution guidelines
Minister claims hike in coal output, better offtake by generation plants; Discoms losses coming down post UDAY launch
With more of hydro power and from the spot market available, and rates lower, costlier thermal units have been shut for a while
For promoting sustainable and low-carbon thermal power development