The power sector witnessed substantial financing activity in the past year. The merger and acquisition (M&A) deals in the sector, especially renewables, were quite positive, with several local and foreign buyers showing interest in acquiring […]
The power sector accounts for a major share of the country’s stressed infrastructure assets. According to the latest data (as of July 2017) from the Department of Financial Services (DFS), Ministry of Finance, around 34 […]
PFC to extend Rs 66 billion loan to NTPC’s JV (India) The Power Finance Corporation (PFC) has signed a memorandum of agreement with Meja Urja Nigam Private Limited (MUNPL) to provide a loan of Rs […]
In a significant move in the infrastructure space, a State Bank of India (SBI)-led consortium of banks has closed the first successful sale under the strategic debt restructuring (SDR) scheme. This was achieved with the […]
US to provide $7.5 million to help develop India’s electricity grid (India) The US Department of Energy (DOE) will provide $7.5 million for the development and advancement of India’s electricity grid. The Indian Ministry of […]
The India Grid Trust (IndiGrid), the power sector’s first infrastructure investment trust (InvIT), successfully completed its initial public offering (IPO) in May 2017. Sterlite Power Grid Ventures Limited (SPGVL), a leading private transmission developer, is […]
PFC approves loans worth Rs 36 billion for discoms in Uttar Pradesh (India) The Power Finance Corporation (PFC) will provide a Rs 36 billion loan to four distribution companies in Uttar Pradesh. This is the […]
With significant growth in India’s renewable energy sector in recent years, the renewable financing landscape too has seen a gradual transformation. Back in 2010-11, there was considerable scepticism regarding renewables. As project technologies were new, […]
NTPC lists its masala bonds on the LSE (India) NTPC Limited has listed its masala bonds on the London Stock Exchange (LSE). Under the $4 billion medium term note (MTN) programme, NTPC raised Rs 20 […]
PFC sanctions Rs 91.28 billion loan to Tamil Nadu utilities The Power Finance Corporation (PFC) has sanctioned a loan of Rs 91.28 billion to provide financial assistance to power utilities in Tamil Nadu. The company […]
Lack of access to finance has been a long-standing hurdle in the path of renewable energy growth. Where capital has been available, the terms have often been unfavourable for long-term sustainability. However, with a growing […]
A serious cause of concern for the power sector is stressed assets and bad loans. According to estimates, about 50 GW of the operational coal-based capacity in the private sector is stressed. The scenario for […]
PFC extends a loan of Rs 30 billion to MSEDCL (India) The Power Finance Corporation (PFC) has signed a Rs 30 billion loan agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The loan will […]
A proper risk management system is critical for the successful execution of any project, but it assumes greater significance in the case of hydro-electric projects (HEPs), owing to the uncertainties involved in their implementation. HEPs […]
A proper risk management system is critical for the successful execution of any project, but it assumes greater significance in the case of hydro-electric projects (HEPs), owing to the uncertainties involved in their implementation. HEPs […]
NTPC raises Euro 500 million via Euro-denominated bonds (India) NTPC Limited has raised Euro 500 million through the sale of euro-denominated bonds in the overseas market. The bonds have a 10-year maturity and carry a […]
SPTL achieves financial closure for Haryana transmission project (India) Sterlite Power Transmission Limited (SPTL) has achieved financial closure for its transmission project in Haryana. The financial closure was achieved by Yes Bank Limited by underwriting […]
The power sector has witnessed a number of mergers and acquisitions during the past year. Among these is India Power Corporation Limited’s (IPCL) acquisition of a majority stake in Meenakshi Energy Private Limited from French […]
NTPC raises Rs 20 billion via green masala bonds (India) NTPC Limited has raised Rs 20 billion through the issue of rupee-denominated green masala bonds in the overseas market. The bonds carry a coupon rate […]
The power sector has witnessed a surge in mergers and acquisitions over the past year. Power major, JSW Energy has been a prominent deal maker undertaking three acquisitions during that period. The company targets 10,000 […]
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