With the government successfully electrifying 99% of all houses in India under the Saubhagya scheme, there is an urgent need for a hefty investment in grid transmission infrastructure to keep pace with growing low-cost renewable capacity so that new households can actually afford to buy electricity.

India will continue to remain the world’s fastest-growing large economy in 2019 as well as in 2020, much ahead of China, a UN report said. According to the UN’s World Economic Situation and Prospects (WESP) 2019, India’s GDP growth is expected to accelerate to 7.6% in 2019-20 from an estimated 7.4% in the current fiscal ending March 2019.

The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience.

The World Bank Group launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18.

With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers.

Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress.

The Centre's flagship irrigation scheme - Accelerated Irrigation Benefit Programme (AIBP) - has been found to be saddled with delays, deficiencies in planning and even serious lapses such as diversion of funds and financial irregularities were found revealed this performance audit of the Comptroller and Auditor General (CAG) for the period of 2008 to 2017. The irrigation projects led to an almost threefold jump in the cost of these projects to ₹1.20 lakh crore said the report.

The 42nd standing committee on energy in this report on stressed gas-based power plants tabled in Parliament pulled up the government for diverting coal cess to compensate States for revenue loss post-GST, and recommended financial support to the stressed gas-based power projects in the country from National Clean Energy Fund (NCEF).

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified under the provisions of Section 63 of the Electricity Act, 2003 vide resolution No.

The political tipping point is coming. The falling costs of renewables are driving a political tipping point where politicians move from expensive support for renewables to embrace the sector and to tax fossil fuel externalities. This is a key driver of the Inevitable Policy Response show-cased by the UN PRI.

Pages