Financing clean energy initiatives is pivotal to advancing the shift towards sustainable and renewable energy sources. Effective financing strategies that support research and development efforts and facilitate the roll-out of renewable energy technologies are essential […]
Powergrid to raise Rs 12 billion via bonds Power Grid Corporation of India Limited’s (Powergrid) board has approved a proposal to raise up to Rs 12 billion through bond issuance. The committee of directors for […]
Aakanksha Joshi (Partner), and Pranaav Gupta (Associate), Economic Laws Practice, Advocates and Solicitors Prior to the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC), the issues surrounding insolvency and debt resolution were governed by […]
The power sector in India is poised for significant growth in the coming years, driven by ambitious capacity addition targets to ensure energy security and meet climate commitments. To finance the rapid expansion of power […]
REC raises about Rs 35 billion via yen-denominated green bonds REC Limited has raised JPY 61.1 billion (about Rs 35 billion) by issuing green bonds under its $10 billion Global Medium Term Notes Programme. Proceeds […]
Powergrid projects a capex of Rs 1,900 billion by 2032 (India) Power Grid Corporation of India Limited (Powergrid) has estimated a capital expenditure (capex) of Rs 1,880 billion by 2032. The company is looking to […]
In a key development, leading private power transmission developer and solutions provider Sterlite Power Transmission Limited recently formed a joint venture (JV) with Singapore-based sovereign wealth fund GIC Private Limited to set up a $1 […]
In a recent initiative to accelerate the turnaround of stressed power assets, the Ministry of Power (MoP) has issued an advisory to state gencos and power departments, urging them to participate in the ongoing insolvency […]
World Bank signs $200 million agreement to increase renewable energy penetration in Himachal Pradesh The World Bank has signed a $200 million agreement with the Government of India and the Himachal Pradesh government to facilitate […]
The power sector in India is geared up to transition to a clean energy future. While the renewable energy segment will witness an increase in capacity additions, emerging sectors such as smart metering and energy […]
CCI approves acquisition of Lanco Amarkantak by PFC Projects, REC, SJVN and DVC The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of Lanco Amarkantak Power Limited by PFC […]
Financing activity has picked up pace in the power sector, driven by India’s ambitious plans of achieving 500 GW by 2030. In the past year, the sector has witnessed some significant fundraising through commercial loans […]
India’s power sector is undergoing a transformative phase, characterised by surging power demand, substantial investments, and a significant shift towards sustainable energy solutions. In 2022-23, the sector witnessed a remarkable surge in cumulative disbursements and […]
The Bombay Stock Exchange (BSE) Power Index tracks the price movement of 12 power companies operating across various segments of industry. As of September 27, 2023, the index stood at 4,618.79 points, registering a decline […]
Powergrid approves plan to issue bonds in tranches to raise up to Rs 57 billion Power Grid Corporation of India Limited (Powergrid) has approved a plan to issue bonds on a private placement basis in […]
The cost of capital (CoC) is a crucial driver of total costs and determines the cost of electricity from renewable power generation technologies. However, the absence of reliable, up-to-date and differentiated CoC data for individual […]
PFC signs MoU worth Rs 2.37 trillion with 20 companies in the clean energy space Power Finance Corporation (PFC) Limited has signed MoUs worth over Rs 2.37 trillion with 20 public and private companies in […]
Shantanu Srivastava, Sustainable Finance and Climate Risk Lead, South Asia, IEEFA The term non-performing assets (NPAs) is almost synonymous with the woes of the Indian banking sector. Reserve Bank of India (RBI) regulations define NPAs […]
Indian renewable energy company CleanMax Enviro Energy Solutions Private Limited has raised $360 million from Canadian investor Brookfield Renewable. With this, Brookfield Renewable has acquired a controlling stake in the company. This will allow CleanMax […]
Torrent Power raises Rs 6 billion through NCDs Torrent Power Limited has raised Rs 6 billion through the issuance of non-convertible debentures (NCDs) on private placement basis. The company has issued and allotted Series 11, […]
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