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Thermal power generation to be phased out by 10 yrs: CS

Amaravati, Oct 6 (UNI) Rural Electrification Corporation Chairman and Managing Director P V Ramesh called on Chief Secretary Dinesh Kumar at the Secretariat here on Friday.
Both the officials discussed various issues, including opening of office to REC in Vijayawada and the on-going rural electrification projects.
On the occasion, the Chief Secretary said the thermal power generation would be phased out by 10 years in the state as the government focused on the solar, wind and hydro power generation in a big way. Electricity could be generated with less expenditure through solar and wind energy and the government had given top priority for the same.
The Chief Secretary asked the REC Chairman to extend help to introduce battery-run buses in Vijayawada Thirupathi and Visakhapatnam. Mr Ramesh assured the Chief Secretary to extend the required help in the electrification of Amaravati region. Funds are being released under Deenadayal scheme and efforts are being made to utilize funds. The REC is extending help for solar and wind energy projects.

He said an MoU was signed between the REC and the state government on January 25th to extend Rs 10,000 crore loan to the AP Transco and AP Discom for the period of five years from 2017 to 2022 on 10 per cent interest rate.
However, on the request of the AP Transco, the REC reduced the interest rate from 10 per cent to 8 per cent, which benefited Rs 200 crore to the state government, the Chief Secretary said.
The REC consented to extend loans in future also for the construction of various power generation projects on 8 per cent interest, he said. AP Transco Joint Managing Director P Dinesh, Genco Director (finance) Aadinarayana, AP EPDCL Director (Finance) Chandrsekhar were present.
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Bullion Market Opening Rates

20 Apr 2018 | 10:56 AM

Chennai, Apr 20 (UNI) Following is the bullion
markets opening rate here today.

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Cash crunch: urgent steps needed: AIRRBEA

19 Apr 2018 | 10:02 PM

Hyderabad, Apr 19 (UNI) All India Regional Rural Bank Employees Association (AIRRBEA) on Thursday urged the Finance Ministry to take some urgent steps to overcome the acute cash crunch in banks.

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Mahindra & Mahindra launches Plush new WCV500

Mahindra & Mahindra launches Plush new WCV500

19 Apr 2018 | 8:03 PM

Hyderabad, Apr 19 (UNI) Mahindra & Mahindra Ltd, part of the USD 19 billion Mahindra Group, has
launched the Plush New XUV500 here on Thursday which sets a new benchmark in the premium
SUV segment with a bold new design, plush, luxurious interiors and higher power and torque.

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Kottayam-Kochi Rubber Market Rates

19 Apr 2018 | 7:34 PM

Kottayam, Apr 19 (UNI) Following were the Rubber Market rates announced by
the Rubber Board here today per quintal

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SME Convention to begin from April 22 in Delhi

19 Apr 2018 | 6:50 PM

New Delhi, Apr 19 (UNI) The four-day International SME convention will begin here from April 22.

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