Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr
The company has reported a loss of Rs 76.97 lakh in 2019-20 According to a Crisil report last September, the group is currently developing 75 Mw (about 40 per cent of overall capacity) of group captive solar power plant under PSEPL for Ashok Leyland. Hinduja Group’s flagship company Ashok Leyland Ltd (ALL) has invested Rs 18.66 crore […]
Crisil upgrades rating on Tata Power NCDs, long-term bank facilities
The outlook on the rating has been revised to ‘stable’ from ‘positive’. The rating on Tata Power’s commercial paper programme has been reaffirmed at Crisil A1+, it said New Delhi: Tata Power on Thursday said Crisil has upgraded its rating on the company’s non-convertible debentures and long-term bank facilities. “Crisil has upgraded its rating of […]
COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors
The exodus of migrant labourers from major metro cities has given rise to a shortage of non-technical workers working in the energy industry and even if the government opts for a staggered lifting of the lockdown, the process of remobilisation would pose challenges for companies New Delhi: The COVID-19 pandemic has pushed the country under […]
Government plans Ordinance to ensure power pacts are honoured
The planned ordinance would also deal with crucial issues of independence of electricity regulators and quick finalisation of tariffs based on costs – measures that were originally planned as amendments to the Electricity Act of 2003. States have … New Delhi: The Centre plans to take a major initiative in the power sector with an […]
AP, T’gana discoms payment delay may weaken credit outlook
Rating agency Crisil on Thursday said the prolonged delay in resolution of payments by discoms of states like Andhra Pradesh and Telangana to renewable energy producers can weaken the credit outlook of the sector and moderate investor sentiment. According to the agency, few renewable energy producers are managing the stress arising from payment delays by […]
Investor sentiment in renewable energy sector could be hurt if issues persist: CRISIL
Large green energy producers are currently managing the stress arising from payment delays by distribution companies in Andhra Pradesh and Telangana New Delhi: Any prolonged delay in resolution of the issues being faced by leading renewable energy companies in India can hurt the credit outlook of the sector and moderate investor sentiment, rating agency CRISIL […]
Power discoms’ dues to generation companies stand at Rs 21,000 crore monthly
The analysis is based on data on 18 generators — 6 central and 12 private — with a total conventional capacity of 115 GW tied up with state discoms across the country New Delhi: The dues to be paid by power distribution companies in India to generators stand at a monthly average of Rs 21,000 […]
AP govt order puts Rs 21,000-cr renewables sector debt servicing at risk: Crisil
New Delhi: The Andhra Pradesh government’s move to review and cut the purchase cost of wind and solar energy could stress 5.2-GW renewables projects with estimated debt exposure of over Rs 21,000 crore,” Crisil said on Tuesday. The move could also aggravate the problem of delayed payments from distribution companies (discoms), it said. According to […]
Safeguard duty reimbursement may restore returns for 5.4 GW solar projects
The Central Electricity Regulatory Commission’s (CERC) recent order entitling the developer of Bhadla solar park project to reimbursement of safeguard duty would set a beneficial precedent for as much as ~5.4 GW of solar projects. Potentially, this can add back 190-220 basis points (bps) to project equity returns. After the safeguard duty was imposed on […]