Hybrid annuity projects, renewable energy, slowing down on kharif acreage take precedence this week
By Abin Daya The power sector in India is one which has been classified as a ‘negative’ industry by a number of lenders due to the woes surrounding ailing thermal power producers. However, the renewable energy segment was always looked upon favourably due to the phenomenal growth exhibited in the past few years. This segment too might be going through a period of change as we see in this week’s update. While wind energy might be looking at a period of slow growth, changes in duty structures are what the solar power generators might have to encounter. On the infrastructure side, some good news for developers who have been trying to avail financing for projects under the Hybrid Annuity Model. While lenders ...
National Highways Authority of India to intervene in languishing projects
The Dollar Business Bureau In an effort to add momentum to the overall growth of the highways sector in India which is already on the path of revival, The National Highways Authority of India (NHAI) has been directed to develop a robust mechanism to determine eligibility of the project as also the extent of funds required to complete projects, in time-bound manner. The new development comes in the wake of the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, approving two major policy initiatives aimed at improving the availability of equity in the market and authorising the National Highways Authority of India (NHAI) to intervene in languishing projects suffering from lack of funds, said ...
