In a key stressed asset deal update in the power sector, private power major JSW Energy Limited has secured the letter of intent (LoI) for its resolution plan submitted for KSK Mahanadi Power Company Limited […]
PFC signs JPY 120 billion loan agreement with JBIC Power Finance Corporation Limited (PFC) has signed a loan agreement worth JPY 120 billion with the Japan Bank for International Cooperation (JBIC). JBIC will contribute JPY […]
By Anvesha Thakker, Partner, Business Consulting and National Industry Lead, Clean Energy, KPMG in India According to the Global Landscape of Climate Finance 2024 report by the Climate Policy Initiative (CPI), annual investments in climate […]
Powergrid gets board approval to raise Rs 42.5 billion (India) Power Grid Corporation of India Limited (Powergrid) has received approval from its committee of directors to raise up to Rs 42.5 billion through private placement […]
IndiGrid, India’s first and largest listed power sector infrastructure investment trust, has collaborated with a consortium of British International Investment (BII), a development finance body backed by the UK government and the Norwegian Climate Investment […]
ADB grants $434.25 million loan to boost renewable energy in Assam (India) The Asian Development Bank (ADB) has sanctioned a $434.25 million loan to support renewable energy development and strengthen energy security in Assam. The […]
The Indian initial public offering (IPO) market has witnessed a surge in activity, highlighted by an increasing number of firms seeking to go public. This reflects a growing appetite for capital among Indian businesses and […]
PFC secures foreign currency term loan of $1.26 billion (India) Power Finance Corporation Limited (PFC) has secured a foreign currency term loan of $1.26 billion, marking the largest such loan ever raised by an Indian […]
The country’s energy transition initiatives and the need to meet the growing power demand are driving transformation in the power sector. Growing renewable energy capacity and expanding transmission and distribution infrastructure underscore the need for […]
India’s power sector is undergoing a transformation, fuelled by rising electricity demand and the shift towards green energy. Foreign direct investment (FDI) in the sector also saw substantial growth, rising by 144 per cent to […]
The power sector in India has demonstrated remarkable resilience and growth over the past year, as reflected in the recent performance of key players listed on the BSE Power Index. On September 20, 2023, the […]
Over the past year, notable fundraising efforts have emerged in the form of commercial loans and green bond issuances, primarily focused on renewables. This surge in investment, supported by a favourable policy framework and multilateral […]
Adani Energy Solutions Limited (AESL) has reached a significant milestone by raising Rs 83.73 billion ($ 1 billion) through a qualified institutional placement (QIP). This is the largest of its kind in India’s power sector, […]
Adani Energy Solutions raises $1 billion in QIP Adani Energy Solutions Limited has raised $1 billion through a qualified institutional placement (QIP) issue, which was oversubscribed three times, with demand reaching approximately Rs 260 billion. […]
The power sector has witnessed a significant influx of multilateral finance deals aimed at developing the power infrastructure. Prominent international organisations and banks such as the World Bank, the Asian Development Bank (ADB), the International […]
World Bank sanctions $1.5 billion to advance India’s low-carbon transition The World Bank has sanctioned $1.5 billion in funding to support India’s initiatives in advancing low-carbon energy development. As part of the second programmatic development […]
India has made remarkable strides in advancing renewable energy over the past decade, with installed renewable capacity (including large hydro) nearly doubling to 190 GW as of June 2024. The country has now set ambitious […]
NTPC REL signs green term loan agreement for 35 billion NTPC Renewable Energy Limited (NTPC REL) has signed an unsecured green term loan agreement for Rs 35 billion with the Punjab National Bank. The loan […]
In a recent development, Sterlite Power Transmission Limited (SPTL), a leading power transmission developer and global provider of products and solutions in India and Brazil, achieved a significant milestone, receiving approval from its stakeholders to […]
Despite the high potential in India, financial issues have slowed down the pace of construction of compressed biogas (CBG) projects. Since the launch of the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, investor sentiment has […]
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