The Asian Development Bank (ADB) has approved a concessional $200 million loan to improve the power supply and distribution systems in Nepal. The project will fund, among others, the reinforcement and modernisation of the power […]
Northern Coalfields Limited (NCL), Coal India Limited’s wholly owned subsidiary, is reportedly planning to invest Rs 70 billion to augment production capacity and infrastructure in different projects over the next four years. Of this, an […]
The Ministry of New and Renewable Energy (MNRE) has released guidelines for tariff-based competitive bidding mechanism for the procurement of 2.5 GW of interstate transmission system (ISTS)-connected wind projects combined with solar power. The Solar […]
NTPC Limited has recorded a consolidated total income of Rs 1,123.72 billion for the year ended March 2020, an increase of 9.6 per cent over Rs 1,025.33 billion recorded in the previous year. The company’s […]
The Indian and Bhutanese governments have signed a concession agreement for the development of 600 MW Kholongchhu hydroelectric project (HEP) in Trashiyangtse, Bhutan. This is the first time an India-Bhutan hydropower project will be constructed […]
Brazil’s Electricity Regulatory Agency, Aneel, has approved a loan package of BRL 16 billion ($3.10 billion) for power distribution companies. Brazil’s discoms including CPFL Energia SA, Energisa SA and Equatorial Energia SA, have called for […]
Sterling and Wilson Solar Solutions Inc. (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (a Shapoorji Pallonji group company), has secured a contract worth USD 99 million (around Rs 7.47 billion) to construct […]
Indian Oil Corporation Limited (IOCL) has unveiled an electric vehicle (EV) battery swapping system at its fuel stations, providing replacement of discharged batteries with fully charged ones in just a few minutes. IOCL started the […]
REC has disbursed Rs 25 billion to Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the central government’s liquidity infusion scheme thereby becoming the first state to avail of the loan facility. A similar amount […]
Sterlite Power has acquired Vapi II North Lakhimpur Transmission Limited (VNLTL), a special purpose vehicle (SPV), from PFC Consulting Limited. Through this SPV, the company will execute a large inter-state transmission system (ISTS) project Western […]
Adani Transmission Limited has completed the acquisition of the special purpose vehicle for the implementation of Kharghar-Vikhroli transmission project awarded by the Maharashtra State Electricity Transmission Company. Adani Transmission will build, own, operate and maintain […]
Singapore-based Cleantech Solar has received a US$75 million loan from Dutch bank ING Groep NV to fund its expansion across Southeast Asia. Cleantech will use the funds to build over 500 MW of solar plants. […]
Central Mine Planning and Design Institute Limited, the exploration arm of Coal India Limited, added 7.8 billion tonnes (bt) of coal to India’s proven reserve base in 2019-20, the largest addition so far in a […]
NTPC Limited’s incremental borrowing stood at Rs 240.56 billion during 2019-20, while its total borrowing stood at Rs 1,073.73 billion as on March 31, 2020. In 2019-20, NTPC raised Rs 73.56 billion against mandatory borrowings […]
Avaada Energy plans to set up a 350 MW solar plant in Maharashtra. The project has been awarded by Maharashtra State Electricity Distribution Company Limited (MSEDCL). Letter of Award (LoA) has been accorded by the […]
Power Finance Corporation (PFC) sanctioned loans over Rs 1,000 billion for power projects during 2019-20 despite the challenges due to Covid. Loans disbursement were Rs 680 billion by the company. PFC’s net non-performing assets (NPAs) […]
Punjab, Rajasthan and Andhra Pradesh have cumulatively sought Rs 146.64 billion from Power Finance Corporation Limited (PFC) and Rural Electrification Corporation Limited (REC) under the Rs 900 billion special liquidity infusion package announced earlier by […]
The World Bank has approved a $750 million loan for Nigeria’s power sector. The World Bank has approved the Power Sector Recovery Operation (PSRO) of $750 million in International Development Association (IDA) credit to improve […]
The outstanding payments owed to Coal India Limited (CIL) by power utilities, reportedly, increased by Rs 42.50 billion to Rs 186.24 billion in April and May 2020. Despite the lockdown, the company had continued supplies […]
The Central Electricity Regulatory Commission (CERC) has notified the Terms and Conditions of Tariff Determination from Renewable Energy (RE) Sources Regulations, 2020. The regulations will come into force from July 1, 2020 and remain effective […]
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