India

India

Suzlon Energy tumbles 6% on concerns over looming default

July 17, 2019 Anand Gupta

Discussions are on between bondholders and Suzlon Energy for resolution Shares of Suzlon Energy declined over 5 per cent in early trade on Tuesday after reports that the company is staring at a default on redemption of its foreign currency convertible bonds (FCCBs) worth $172 million, or Rs 1,200 crore, due on Tuesday. It has […]

India

Cap renewable energy tariff at Rs 3 per unit under NTPC, SECI auctions: Ind body

July 16, 2019 Anand Gupta

This is expected to be a remedy for differential treatment of electricity in the country and help in achieving ‘one nation, one grid, one renewable, one price’ New Delhi: National Solar Energy Federation of India has urged the government to cap tariff from all renewable energy sources at Rs 3 per unit for auctions by […]

India

Solar Energy: Boost to farmer income in India

July 15, 2019 Anand Gupta

As markets shift to cleaner energy sources, India has been declared as the cheapest producer of solar energy by International Renewable Energy Agency’s survey. Earlier, people in India were not very familiar with solar energy but now the situation has reversed. The usage of solar energy has seen steady rise in past few years and […]

India

Govt invokes special powers to save green projects worth Rs 40,000 crore

July 13, 2019 Anand Gupta

NEW DELHI: The government has invoked special powers under the Electricity Act of 2003, directing the Central Electricity Regulatory Commission (CERC) to clear a clutch of inter-state transmission lines under the public sector route to save solar and wind power projects worth Rs 40,000 crore from getting stranded. Invoking Section 107 of the Act, a […]

India

L&L acts for Malaysias’ Petro Berhad on $388m buy of India’s Amplus Energy rooftop solar power co

July 13, 2019 Anand Gupta

Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. — Mint L&L Partners advised Petroleum Nasional Berhad led by a core transaction team of senior partner Mohit Saraf along with partners Samir Dudhoria and […]

India

Reliance Power surges on recasting Rs 2,430 crore loan for Samalkot project

July 13, 2019 Anand Gupta

Reliance Power is currently trading at Rs. 4.28, up by 0.07 points or 1.66% from its previous closing of Rs. 4.21 on the BSE. The scrip opened at Rs. 4.21 and has touched a high and low of Rs. 4.33 and Rs. 4.21 respectively. So far 1347511 shares were traded on the counter. The BSE […]

India

MP govt plans to set up coal power plants amid stress in sector

July 11, 2019 Anand Gupta

The state government will invite private power producers to bid for the right to build these assets Coal India has already given in-principle agreements to supply coal for the new 2,640MW of power supply MUMBAI: The Madhya Pradesh government is planning to set up 2640MW of greenfield coal-fired power plants, a top government official said. […]

India

Hartek Power wins order to set up substation to connect 130-MW solar energy to grid

July 10, 2019 Anand Gupta

The scope of the project includes complete Engineering, Procurement and Construction (EPC) of the of 220/33 KV substation right from survey, design, engineering and testing to supply, construction, project management and commissioning With this order, Hartek Power has connected 1.9 GW of solar power to the grid Chandigarh: Hartek Power, one of India’s fastest growing […]

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India

Discoms’ altering PPAs is bad move for power sector, says ICRA

July 10, 2019 Anand Gupta

The report was in context of Andhra Pradesh government constituting a high-level committee to review the cost of wind and solar PPAs tied-up by the discoms The receivable position for wind and solar power IPPs in Andhra Pradesh has worsened Attempts by state power distribution companies (discoms) to renegotiate power purchase agreements (PPAs) will bode […]