Business
Andhra High Court order on renewables’ PPAs to boost investor confidence
Credit rating agencies have welcomed the Andhra Pradesh High Court’s decision upholding the sanctity of power purchase agreements (PPAs) with private renewable energy generators that the State government had sought to annul. The ruling would give a major boost for investor confidence, they said.
India’s top court has overturned a decision that allowed the State to pay power producers at almost half the rate agreed in their contracts, energy agencies have said. It could pave the way for improved liquidity for private solar and wind generators, they added. That would, however, hinge on the State paying up its dues for the past three years as the court had ordered, and not filing an appeal in the Supreme Court, they said.
Fitch Ratings expects the outstanding receivables to fall by 35% for ReNew Power Private Limited and 48% for Greenko Energy Holdings, if they pay their outstanding dues in line with the PPA’s within six weeks.
ICRA estimates an incremental impact on power purchase cost of about ₹10,500 crore, due to the dues that have piled up according to the original PPAs’ rates.
For Detailed News: The Hindu
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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