Bhubaneswar: Chief Secretary Aditya Prasad Padhi today directed officials to expedite rural electrification works and achieve power connectivity to all villages by end of December 2017. Energy Secretary, Hemant Kumar Sharma in a Power distribution review meeting chaired by the Chief Secretary informed that a detailed project report (DPR) was prepared to electrify 3,474 un-electrified […]
Bhubaneswar: With the amendment to the Odisha Electricity (Duty) Act, 1961, which was approved by the State Cabinet at a meeting here today, the Odisha government has set a target of an additional annual revenue of Rs 90 crore from the power sector. Talking to media persons after the meeting, chief secretary Aditya Prasad Padhi […]
Mumbai: Infrastructure investment trust in the power sector IndiGrid, today said it has approved the acquisition of three power transmission assets from its sponsor Sterlite Power Grid Ventures at a value of Rs 1490 crore. These acquisitions result in a 40 per cent increase in assets under management, from Rs 3800 crore to Rs 5300 […]
Bhubaneswar: With a view to ensure people stay connected with their family members, relatives and government machinery while staying at home amid the nation-wide lockdown to contain the spread of COVID-19, Odisha Government on Wednesday requested Union Telecom secretary Anshu Prakash to direct the Telecom Service Providers (TSPs) in the State to not disconnect incoming […]
Bhubaneswar: Odisha government has reportedly sought a loan of Rs 5,000 crore over a period of two financial years from the Centre to deal with the losses incurred due to the COVID-19 lockdown. In a letter to the Union Power Minister, Odisha Energy Minister Dibya Shankar Mishra said that the crisis due to the virus […]
New Delhi: In a major reform initiative, the government has permitted opening up of the derivatives market in the power sector like any other commodity, allowing both power generators and consumers to enter futures contracts and use it as a new hedging tool to mitigate price volatility and other associated risks. Sources said the order […]
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