Indian Energy and Power Sector News, Indian Energy News, Power Industry, Power Companies News.
Business Today
PFC to acquire 52.63% govt shares in REC for Rs 14,500 crore by March-end

As per the proposal, PFC will acquire about 104 crore shares or 52.63 per cent of the government stake in the REC at Rs 139.50 per share.

Finance Minister Arun Jaitley said the recommendations approved include grant of coal linkage for short-term PPAs.
Saudi Aramco CEO Amin Al-Nasser said he remains positive on the firm's investment in India, and is working with partners.
Discoms of Uttar Pradesh, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Delhi and Tamil Nadu owe the major portion of dues to the power generating companies.
Rolled out by the NITI Aayog, the National Energy Policy aims to improve the energy security of the country by reducing the dependency on imports.