REC and PFC sign Rs 268.5 billion loan agreement for 2,400 MW Meja thermal project (India) REC Limited and Power Finance Corporation Limited (PFC) have signed a common loan agreement with Meja Urja Nigam Private […]
In a significant development in India’s renewable energy sector, Aditya Birla Renewables Limited (ABReN), the renewable energy platform of Grasim Industries Limited, part of the Aditya Birla Group, has agreed to acquire the Sprng Energy […]
POWERGRID board approves Rs 350 billion borrowing plan for 2027-28 (India) The board of directors of Power Grid Corporation of India Limited (POWERGRID) has approved the enhancement of the company’s borrowing limit for 2026-27 from […]
Presidential approval granted for REC’s merger with PFC The President of India has approved the proposed merger of REC Limited with Power Finance Corporation Limited (PFC). The merger proposal had earlier received approval from the […]
In a significant development in the power distribution sector, Adani Energy Solutions Limited (AESL) has agreed to acquire 100 per cent of the equity shares of IntelliSmart Infrastructure Private Limited, a joint venture (JV) of […]
Cabinet approves Rs 375 billion scheme for coal and lignite gasification (India) The union cabinet has approved a scheme with a financial outlay of Rs 375 billion for the promotion of surface coal and lignite […]
Green hydrogen has rapidly moved from being a long-term decarbonisation concept to an emerging industrial and energy transition priority. Backed by policy support, growing institutional interest and ambitious project announcements, the sector has witnessed significant […]
In a significant transaction in India’s renewable energy market, Inox Clean Energy Limited has completed the acquisition of Vibrant Energy, a Macquarie-backed renewable independent power producer focused on the commercial and industrial (C&I) segment. The […]
In a significant development in India’s thermal power segment, Torrent Power Limited has agreed to acquire 100 per cent of the equity stake and convertible instruments in Nabha Power Limited (NPL) from L&T Power Development […]
CCEA raises POWERGRID’s equity investment limit per subsidiary to Rs 75 billion The Cabinet Committee on Economic Affairs (CCEA) has approved enhanced delegation of powers to Power Grid Corporation of India Limited (POWERGRID) under the […]
India’s renewable energy financing ecosystem has entered a phase of scale, diversification and institutional maturity, supported by stronger policy backing, higher budgetary allocations, rising foreign direct investment (FDI), expanding institutional lending and active public market […]
India’s renewable energy financing ecosystem has entered a phase of scale, diversification and institutional maturity, supported by stronger policy backing, higher budgetary allocations, rising foreign direct investment (FDI), expanding institutional lending and active public market […]
A defining feature of Union Budget 2026-27 was the launch of several new interventions. The most notable being the proposed outlay of Rs 200 billion over the next five years for carbon capture, utilisation and […]
PFC files prospectus to raise up to Rs 50 billion through NCD issue Power Finance Corporation Limited (PFC) has filed a prospectus to raise up to Rs 50 billion through the first tranche of a […]
In an interview with Power Line, Harish Saran, Managing Director, Hindustan Power Exchange Limited (HPX), shared his perspective on the evolution of India’s power trading market from a bilateral and spot-centric structure to a deeper, […]
The first three quarters of 2025-26 saw significant equity activity in India’s renewable energy sector, with companies raising capital, acquiring assets and forming strategic partnerships to expand capacity and strengthen their market presence. These transactions […]
ADB approves $650 million loan to accelerate rooftop solar adoption The Asian Development Bank (ADB) has approved a $650 million policy-based loan to support the Indian government’s efforts to scale up rooftop solar deployment and […]
The 30th Conference of the Parties (COP30), held in Belém, Brazil, marked a decisive shift in climate negotiations – from target-setting to financial delivery. Parties of the Paris Agreement agreed to a new collective quantified […]
In a significant multilateral financing development, the Asian Development Bank (ADB) has signed a $331 million financing agreement with ReNew Vyoman Power Private Limited for an 837 MW wind-solar power plant with a 415 MWh […]
Powergrid approves private placement of Rs 38 billion in bonds Power Grid Corporation of India Limited (Powergrid) has approved the raising of up to Rs 38 billion through the issuance of unsecured, non-convertible, non-cumulative, redeemable, […]
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