New Delhi: Average spot power price fell 11 per cent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said Monday. With trading of 4,207 million units (MU) of electricity, the volume in the day-ahead-market (DAM) grew 12 per cent month-on-month. As compared to June 2018, the […]
NTPC inks two agreements with PNB for Rs. 650 crore
NTPC’s joint venture firm NSPCL has inked two agreements with Punjab National Bank (PNB) for Rs. 650 crore for financing two projects. The agreements are for part financing of two of its under-construction projects at Durgapur (2X20 MW) for Rs. 100 crore and Rourkela (1X250) for Rs. 550 crore. NSPCL is a joint venture of […]
Brookfield Renewable: Hydro, Wind, Solar and Energy Storage
There’s no faster way to grow a business than by making acquisitions. The trick few master is finding deals with upside from simply following core competencies, and made at the right price, notes Roger Conrad, income expert and editor of Conrad’s Utility Investor. But neither has been a problem for our conservative portfolio holding Brookfield Renewable Energy Partners (BEP). […]
Cabinet approves Cooperation Agreement between India and Denmark in the field of Renewable Energy with focus on Offshore Wind Energy
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on strategic sector cooperation in the field of Renewable Energy with a focus on Offshore Wind […]