Maharashtra becomes 17th state to join UDAY

October 2016

The Government of India has signed a Memorandum of Understanding (MOU) with the Government of Maharashtra and Maharashtra State Electricity Distribut...

Tags: Government of India, Memorandum of Understanding, MSEDCL, Ujwal DISCOM Assurance Yojana, Discom, Energy efficiency, Coal reforms, UDAY

Rs 25,000-cr plan for Hyderbabad development

October 2016

A Rs 25000-crore plan was getting ready to take up road-laying works, underground drainage and other facilities, Municipal Administration & Urban Dev...

Tags: Municipal Administration, Urban Development, KT Rama Rao, GHMC, KCP Junction

Counterparty delays forcing Renewable Energy projects to run out of steam, says Ind-Ra

September 2016

State power utilities’ (major power purchasers) insensitivity to projects’ debt service commitments and delays in making payments – problems specific...

Tags: State power utilities, India Ratings and Research, Central Government, Counterparties, Ujwal Discom Assurance Yojana scheme, Maharashtra State Electricity Distribution Company, Power generators, Renewable projects

Gujarat floats Rs 700 crore slum redevelopment fund

September 2016

The Gujarat Government has floated a Slum Redevelopment Premium Fund (SRPF) with an initial corpus of Rs 700 crore. This fund from the Central and st...

Tags: Gujarat Government, Slum Redevelopment Premium Fund, Funding affordable housing projects, Central Government, Ahmedabad Municipal Corporation, Vadodara, Ashwani Kumar, FSI, GSFS

Navi Mumbai general body turns down Smart City proposal

September 2016

The general body members of the Navi Mumbai Municipal Corporation (NMMC) have rejected the Smart City proposal for the third time, reports the Times ...

Tags: Navi Mumbai Municipal Corporation, Times of India, Smart City, NMMC, SPV, NCP, Netra Shirke

Energy-efficiency projects in India to get a boost with EESL raising domestic bond funds

September 2016

Energy Efficiency Services (EESL) has made its maiden issuance of bonds in the domestic market to fund energy-efficiency projects in India. Domestic ...

Tags: Energy Efficiency Services, Fund energy-efficiency projects, Investors, EESL, Green Masala Bonds, KFW, AFD, ADB, Saurabh Kumar, ESCO

States to get Central support for free power scheme

September 2016

The Centre will extend financial support to states to enable them to offer new electricity connections free of cost to everyone....

Tags: Electricity, BPL, Union Power Ministry, Rural Electrification Corporation, Piyush Goyal, Power Distribution, Meters

Credit rating of civic bodies takes off

September 2016

In a bid to make cities get their act together and become active in the bond market so that local municipal bodies can mobilise resources, a first-of...

Tags: NDMC, Ahmedabad Municipal Corporation, Urban Development Ministry, Venkaiah Naidu, Roads, Schools, Airports, Infrastructure, AMRUT, ULB