The country’s largest power generation company, NTPC Limited recently announced the acquisition of three projects in Bihar, aggregating over 3 GW, in a Rs 56 billion deal as part of its drive to augment capacity […]
PFC provides Rs 26.26 billion financial assistance to RRVUNL (India) The Power Finance Corporation (PFC) has extended an additional financial assistance of Rs 26.26 billion to Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to support […]
In a significant development, the Reserve Bank of India (RBI) has rejected the Ministry of Power’s (MoP) plea, seeking a reprieve for the power sector from the RBI guidelines issued in February this year. At […]
Greenko Group to acquire Orange Renewables for $1.02 billion The Greenko Group has agreed to acquire Orange Renewables from Singapore’s AT Capital Group for about $1.02 billion. The enterprise value includes debt aggregating $680 million, […]
In a significant merger and acquisition (M&A) deal in the power sector, India’s heavy engineering major Larsen & Toubro (L&T) has agreed to sell its electrical and automation (E&A) business for Rs 140 billion (SGD […]
NTPC signs MoU to acquire three power projects in Bihar NTPC Limited has signed an MoU with the Bihar government and the state’s power utilities to acquire stakes in three power projects. The agreement has […]
The Indian renewable energy industry was, till not so long ago, a largely fragmented market. Of late, however, it has been witnessing significant consolidation, with a series of mergers and acquisitions taking place. Moreover, with […]
ReNew Power acquires Ostro Energy from Actis Capital (India) ReNew Power Ventures Private Limited has acquired Ostro Energy Private Limited from private equity firm Actis Capital. Ostro Energy has a capacity of more than 1,100 […]
According to a new report by the Parliamentary Standing Committee on Energy, there are as many as 34 thermal projects with a capacity of over 40 GW in the sector that are categorised as non-performing […]
REC raises $300 million through dollar bonds (India) The Rural Electrification Corporation (REC) has raised $300 million through dollar bonds. The 10-year Regulation-S bonds were priced at a coupon of 4.625 per cent. The bond […]
NTPC Limited, the country’s largest power generation company, listed its $6 billion (Rs 400 billion) medium-term note (MTN) programme on the India International Exchange (India INX) at the International Financial Services Centre (IFSC) in Gujarat […]
NTPC lists $6 billion MTN programme on India INX (India) NTPC has listed its $6 billion medium-term note (MTN) programme on the India International Exchange (INX) at the International Financial Services Centre in Gujarat. With […]
In November 2017, state-owned Power Finance Corporation (PFC) raised $400 million through its maiden green bond issue. The company listed its 10-year Reg S Green Bond on the London Stock Exchange’s (LSE) International Securities Market […]
PFC-led consortium to provide Rs 110.67 billion to NUPPL (India) The Power Finance Corporation (PFC), in collaboration with the Rural Electrification Corporation (REC) and the State Bank of India (SBI), has secured a letter of […]
In one of the largest takeovers in the power sector in recent years, Adani Transmission Limited (ATL) will acquire Reliance Infrastructure Limited’s (RInfra) integrated power business in Mumbai. This is the second deal between the […]
PFC raises $400 million through green bonds on the London Stock Exchange (India) The Power Finance Corporation (PFC) has raised $400 million through its maiden green bond issuance. The funds have been earmarked promoting renewable […]
The financial and operational performance of state-owned power utilities has been a constant concern for the sector. While various efforts have been made in the recent past to improve the financial health of the state […]
REC to provide Rs 140 million loan for 2,400 MW Patratu power plant The Rural Electrification Corporation and Patratu Vidyut Utpadan Nigam Limited, a subsidiary of NTPC Limited, have signed a loan agreement worth Rs […]
Financing activity in the power sector remained subdued in the past year. Although the sector has showed some improvement owing to several government initiatives such as the Ujwal Discom Assurance Yojana (UDAY), the Integrated Power […]
The Bombay Stock Exchange (BSE) power index tracks the share prices of 18 power companies operating across various segments of the industry. This index, which is weighted by free-float capitalisation, rose by 8.76 per cent […]
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