Manohar Lal reviews Chhattisgarh power, advocates cess-free hydro

11 Jul 2024 CW Team

In a recent review meeting in Raipur, Union Minister for Power and Housing & Urban Affairs, Manohar Lal, urged the Chhattisgarh government to avoid imposing cess on hydro power projects and Pump Storage Projects. This appeal, part of his efforts to lighten financial obligations for consumers, coincided with his one-month anniversary in the new government. The meeting, attended by Chhattisgarh Chief Minister Vishnu Deo Sai, Deputy Chief Minister Vijay Sharma, Union Minister of State for Housing and Urban Affairs Tokhan Sahu, and senior officials from relevant ministries and state bodies, focused on various aspects of the power sector.

During his address, Manohar Lal noted advancements in the power sector under Prime Minister Narendra Modi's tenure, citing achievements like the Deen Dayal Upadhyay Gram Jyoti Yojana and Saubhagya. He emphasized the Revamped Distribution Sector Scheme (RDSS) as pivotal in enhancing DISCOMs' financial viability and reducing technical losses, aiming to ensure dependable, affordable electricity supply.

Discussions encompassed Chhattisgarh's progress under the RDSS, power sector reforms, electricity's role in enhancing quality of life, and issues related to NTPC and coal blocks. State officials provided updates, facilitating a comprehensive review of ongoing initiatives and challenges.

Manohar Lal specifically urged against imposing new financial burdens on hydro power and Pump Storage Projects, cautioning that such measures could escalate consumer tariffs. He recommended the state strive to lower AT&C losses below 10% to alleviate DISCOMs' financial strains.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..