Recently, two power sector majors concluded significant debt deals in the overseas credit markets. Financing major Power Finance Corporation (PFC) mopped up $750 million through dollar-denominated bonds, making it the first Indian PSU to issue […]
NHPC emerges as the winner of Jal Power’s 120 MW Rangit project NHPC Limited has emerged as the successful bidder for acquiring Jal Power Corporation Limited’s 120 MW Rangit Stage IV hydroelectric project in Sikkim […]
In a major private equity (PE) deal, Adani Transmission Limited (ATL), Adani Electricity Mumbai Limited (AEML) and a subsidiary of the Qatar Investment Authority (QIA) have signed definitive agreements for the sale of 25.1 per […]
ADB signs an agreement with GoI for a $250 million loan The Asian Development Bank (ADB) and the Government of India (GoI) have signed a $250 million loan agreement for Energy Efficiency Services Limited (EESL) […]
In November 2019, the Cabinet Committee on Economic Affairs (CCEA) accorded in-principle approval for strategic disinvestment in several central public sector enterprises including two power sector entities, North Eastern Electric Power Corporation Limited (NEEPCO) and […]
REC raises $500 million by issuing unsecured notes REC Limited has raised $500 million by issuing unsecured notes. The notes will mature on December 12, 2024 and all principal and interest payments will be made […]
Renewable energy in India has been one of the major success stories of the current decade, having witnessed a surge in capacity addition over the past few years, driven by a policy push and declining […]
Amidst a scenario of large-scale stressed assets being put on the block, the Appellate Tribunal for Electricity (APTEL) in a key positive has recently approved the transfer of ownership of Prayagraj Power Generation Company Limited […]
NHPC signs agreement with creditors for reviving Lanco Teesta project (India) NHPC Limited has signed an agreement with the committee of creditors for availing of a loan of Rs 45 billion from the Power Finance […]
There was a steady stream of merger and acquisition (M&A) activity during the year, driven by the sale of distressed assets, consolidation and market penetration by foreign investors. A key M&A deal in the public […]
The Bombay Stock Exchange (BSE) Power Index tracks the share prices of 16 power companies operating across various segments of the industry and is weighted by free-float capitalisation. Over the past 12 months, it plunged […]
Power sector financing witnessed several notable developments over the past year. These include the acquisition of REC Limited by the Power Finance Corporation (PFC), the revision of stressed asset guidelines by the Reserve Bank of […]
The transmission segment is witnessing a growing interest from domestic and international investors. Established players are selling off transmission assets in accretive deals to pare debt and fund future capital expansion, making way for new […]
NCLT approves NHPC’s bid for Lanco Teesta Hydro Power Limited (India) The National Company Law Tribunal (NCLT) has approved NHPC Limited’s Rs 9.07 billion bid for the debt-ridden Lanco Teesta Hydro Power Limited. As per […]
The hydropower segment has received a fresh lease of life with the Cabinet Committee on Economic Affairs (CCEA) approving the proposal to include large hydro projects (of over 25 MW capacity) in the realm of […]
PFC raises $300 million through syndicated borrowing (India) The Power Finance Corporation (PFC) has raised $300 million through a three-year syndicated loan from the State Bank of India, Hong Kong, and MUFG Bank Limited, Singapore. […]
According to the International Energy Agency’s (IEA) 4th Annual World Energy Investment (WEI) report published in May 2019, in India, energy sector investments have grown the most over the past three years, up 12 per cent between […]
 PFC raises $1 billion in the international market (India) Power Finance Corporation (PFC) has raised $1 billion through Reg-S bonds in the international market. The transaction was carried out in two tranches – a five-year […]
In one of the first cases of stressed assets being resolved after the Supreme Court struck down the Reserve Bank of India’s (RBI) February 2018 circular, GMR Infrastructure Limited (GIL) recently executed a resolution for […]
 REC Limited raises Rs 11 billion through AAA-rated bonds (India) REC Limited has raised about Rs 11 billion from its AAA-rated bonds. The bonds have a two-year seven-month maturity and carry an interest rate of […]
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