Arunachal Pradesh is banking on its micro, mini, and small hydropower projects to earn carbon credits, a step the state government believes will add to the efforts for India to achieve net-zero emissions by 2070. “Out of the total hydropower plants in the state, 98 micro, mini and small hydropower plants with a combined installed […]
HSBC finances HNG Capital’s RM181m acquisition of a stake in Vietnam solar project
PETALING JAYA: HSBC Malaysia acted as the sole lender for a US$44 million (RM181 million) five-year committed term loan to Penang-based HNG Capital Group to finance the acquisition of a stake in a 330MW solar project in Vietnam. As part of the Malaysian investment holdings company’s vision to grow as a regional power player, HNG […]
Scanty rains, but no power cut
Data available from Central Electricity Authority (CEA) shows that power generation in southern states has been less by 9.45% and in the north-east output is 3.43% less than what was actually targeted. Deficient monsoon has meant that electricity generation from hydropower plants in south and north-eastern India is less than what should have been. However, […]