ADB approves $190 million loan to upgrade power distribution system in Bengaluru (India) The Asian Development Bank (ADB) has approved a loan of $190 million to modernise and upgrade the power distribution system in Bengaluru. […]
ADB approves $132.8 million loan to improve Meghalaya’s power distribution network (India) The Asian Development Bank (ADB) has approved a $132.8 million loan to upgrade the distribution network in Meghalaya. The project will include the construction […]
Distressed asset deals have shown an increase in the power sector in recent years, with cases being filed under the Insolvency and Bankruptcy Code (IBC), introduced in 2016. A key stressed asset update last month […]
In recent years, infrastructure trusts, or InvITs, have become popular among investors of long-term revenue-generating assets. InvITs enable a large number of investors to pool their money for investments into operational infrastructure assets in return […]
Loans worth Rs 1,080 billion sanctioned to discoms under liquidity scheme (India) REC Limited and the Power Finance Corporation (PFC) have sanctioned loans worth Rs 1,080 billion under the liquidity package for stressed power distribution […]
 The past year witnessed an increase in credit offtake from banks and non-banking financial companies in sectors such as renewables and power transmission. The bond market also witnessed increased traction. However, overall, power sector financing […]
The Bombay Stock Exchange (BSE) Power Index tracks the share prices of 14 power companies operating across various segments of the industry and is weighted by free-float capitalisation. Over the past 12 months, it plunged […]
The power sector has witnessed a flurry of financial activity in the past year. In a key development, the central government announced a Rs 900 billion liquidity infusion package for distribution companies to help them […]
Adani Power Limited is rapidly expanding its generation footprint with high-value acquisitions. Recently, the company received the green signal from the Competition Commission of India (CCI) for acquiring a 49 per cent stake in Odisha […]
NTPC raises Rs 10 billion via bonds (India) On July 31, 2020, NTPC raised Rs 10 billion through the issuance of unsecured non-convertible bonds in the nature of debentures, on a private placement basis. The […]
The financial and operational performance of state power utilities continues to be an area of concern for the power sector. The performance of power distribution utilities has been worrisome in particular, with mounting book losses, […]
Adani Power acquires AES’s stake in OPGC Adani Power Limited (APL) has signed a definitive agreement to acquire 49 per cent stake in Odisha Power Generation Corporation (OPGC) from the US-based AES Corporation (AES) for […]
India and overseasIndia and overseasIndiGridInvIT to buy Jhajjar KT Transco for Rs 3.1 billion (India) The India Grid Trust (IndiGrid) has signed an agreement to acquire Jhajjar KT Transco’s transmission assets in Haryana for Rs […]
The transmission segment is buzzing with merger and acquisition (M&A) activity despite a lull in the power sector owing to the impact of Covid-19 on businesses. In the past three to four months, a couple […]
Maharashtra State Electricity Distribution Company Limited (MSEDCL) has recently secured financing for its $703.1 million high voltage distribution system (HVDS) project. On April 29, 2020, the Asian Development Bank (ADB) approved a $346 million loan […]
REC raises $500 million through an overseas bond issue (India) REC Limited has raised $500 million through the issue of overseas bonds. These bonds are direct, unconditional and unsecured obligations of the issuer and will […]
Of late, there has been growing traction in investments from global sovereign wealth funds (SWFs) in the Indian power sector. In one of the latest deals, Qatar’s sovereign wealth fund QIA bought a 25.1 per […]
India and overseasNTPC raises Rs 43.74 billion via bonds (India) NTPC Limited has raised Rs 43.74 billion through a private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 6.55 […]
As part of its expansion and consolidation strategy, JSW Energy Limited has been actively evaluating various strategic assets for acquisition. In February 2020, the company signed a share purchase agreement with GMR Energy Limited for […]
 NHPC raises Rs 5 billion through issuance of bonds through private placement NHPC has raised bonds worth Rs 5 billion through private placement of secured, redeemable, taxable, non-cumulative and non-convertible 6.89 per cent NHPC AA-1 […]
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