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India's primary planning and advisory body for the power sector has loosened a significant condition for power equipment supplies in public sector projects, aiming to enable utilities to issue tenders that facilitate greater involvement from private vendors, sources familiar with the matter revealed.
The National Company Law Tribunal on Wednesday allowed GE Power to withdraw its insolvency petition against public sector undertaking, Bharat Heavy Electricals Ltd, with the liberty to revive if the operational debt is not settled. Counsels for GE Power Akshay Sapre, along with Abhijit Swarup and Aneesha Rastogi from The Guild, a law firm, informed the tribunal that BHEL had sent a letter to GE Power to settle Rs 25 crore of debt amount owed to GE Power.
GE strives to support Asian countries in their sustainable energy transition strategies with its aeroderivative gas turbines.
Thousands had been left in the dark
/PRNewswire/ -- FGE Power, LLC (Austin-based developers of large-scale renewable energy projects) announces the sale of 100% ownership of FGE Goodnight wind...