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    Report

    India's power ministry reportedly seeks Cabinet approval to extend grid fund through FY31

    The Economic Times reports the FY27 budget earmarks around ₹1,103 crore for the Power System Development Fund.

    Economic TimesET
    1 Source, 1h ago, first seen 1h ago

    TLDR

    The Economic Times reports, citing people familiar with the matter, that India's power ministry has sought Cabinet approval to continue the Power System Development Fund for FY27–FY31. The fund finances projects intended to keep the electricity grid reliable and stable, including investments that may not be commercially viable for utilities. The FY27 budget earmarks around ₹1,103 crore for it.

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    Economic Times@EconomicTimesCabinet nod sought to extend power fund for 5 years https://economictimes.indiatimes.com/industry/energy/power/cabinet-nod-sought-to-extend-power-fund-for-5-years/articleshow/134901990.cms1h
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    Economic Times@EconomicTimesCabinet nod sought to extend power fund for 5 years https://economictimes.indiatimes.com/industry/energy/power/cabinet-nod-sought-to-extend-power-fund-for-5-years/articleshow/134901990.cms1h
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