Moody’s Investors Service has assigned Ba3 rating to the proposed 7.25-year USD senior secured notes of up to 620 million dollars to be issued by a newly-formed restricted group (RG5) of ReNew Power Pvt Ltd (RPPL). ReNew Wind Energy (AP 2) Pvt Ltd is part of the restricted group. The rating outlook is stable. Formed […]
Discoms to get loans at cheaper rate to pay dues to Gencos: Minister
“PFC and REC provide loan to distribution and generation sector with a spread of 2.5 to 3 per cent. Under the present scheme, they have agreed to take lower 1.5 per cent spread that will lower the interest rate,” he said New Delhi: Financially stressed discoms will be offered loans at cheaper rates of 8.5 […]
Moody’s lowers forecast for green bond issuance this year
Green bonds are fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport LONDON: Moody’s said on Tuesday it had lowered its estimate for green bond issuance this year to $175 billion to $225 billion, down from its previous forecast of $300 billion, due to the economic effects […]
Lockdown to balloon discom losses, electricity demand to fall in decades
The Covid-19 outbreak and the subsequent lockdown has squeezed power demand sharply in March and April and the fall has been such sharp that demand for full year 2020-21 is set to report a 1 per cent decline, first time in almost 36 years New Delhi: One month of nationwide lockdown has done more damage […]
India’s annual power demand seen falling for first time in almost four decades: Moody’s unit
Power usage has fallen by almost a quarter since Prime Minister Narendra Modi enforced a nationwide lockdown starting March 25, forcing all industries except those deemed essential to shut down CHENNAI: India’s electricity demand during the current financial year is seen falling for the first time in at least 36 years, ratings agency Moody’s unit […]