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State discoms’ large dues spark NPA fears in renewable energy

By : Sustainability ..., Feb 17, 2020

Renewable energy projects, which have cornered the bulk of private funding in the power sector over the last six years, could be facing a fresh wave of non-performing assets (NPAs). There is renewed nervousness among banks that lending to renewable power utilities over the...

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SBI Chairman identifies solar, city gas, oil as bright spots for funding

By : Sustainability ..., Dec 23, 2019

SBI Chairman Rajnish Kumar on Saturday stressed that there is an adequate availability of funds with the banking system but he does not find enough projects where investment is being sought. "Our first indication is that we are the largest financier of projects, we have a...

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MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary Panel

By : Sustainability ..., Dec 9, 2019

The renewable energy ministry has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 GW of renewables by 2022, said a Parliamentary panel. The Parliamentary Standing Committee on Energy has also...

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IREDA feels the pinch of RBI tightening NPA provisioning norms

By : Sustainability ..., Nov 22, 2018

The Indian Renewable Energy Development Agency (IREDA) expects worsening of its asset quality with the Reserve Bank of India’s recent move to level the playing field on NPA recognition between...

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Government may ask RBI to classify renewable energy projects under priority sector lending

By : Sustainability ..., Sep 21, 2018

The Ministry of New and Renewable Energy (MNRE) is expected to write to RBI, seeking to bring renewable energy projects under priority sector lending, senior officials said. 

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