Daily Archives: September 24, 2012

Govt clears bailout for state electricity distribution firms: Another hasty quickfix promoting inefficiency, not a long term solution

The Indian government on Monday approved an ambitious plan to bail out beleaguered state electricity distribution companies, or discoms, through a restructuring of their short-term loans. The electricity distribution firms owned by the state governments are finding it difficult to … Continue reading

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Bank of India to Finance Solar-Power Systems to Curb Blackouts

Bank of India plans to offer loans to homes and businesses for solar-power systems as the country seeks to avoid a repeat of the July blackout that affected half the nation’s 1.2 billion people. The state-owned bank signed a memorandum … Continue reading

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Punjab targets 400MW Solar power

The Punjab Government has set a target to generate 400 megawatt power through solar power plants in the state. “Punjab has abundant sunlight which is available for more than 330 days in a year with good insulation levels, so the … Continue reading

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