Petition seeking approval for entering into short term power procurement arrangement with Tata Power Trading Company Limited (TPTCL), PTC India Ltd (PTC) and Jindal Power Ltd (JPL) through DEEP portal for meeting power shortage. For more information please see below link:
PTC India Sanctions Fresh Loans of Rs 1,757 Crore in Q1
Mumbai (Maharashtra) : PTC India Financial Services (PFS) said on Friday it sanctioned fresh loans of Rs 1,757 crore and further disbursements of Rs 1,254 crore during the quarter ended June (Q1 FY22). The company’s profit before tax stood at Rs 60.93 crore and profit after tax at Rs 45.6 crore for Q1 FY22. The […]
PTC board approves acquisition of consulting biz of IL&FS Energy Development Co
The LoI was issued after following due process prescribed under the resolution framework approved by NCLT for IL&FS Group entities, it added. PTC India said its board on Thursday approved the acquisition of the energy consulting business of IL&FS Energy Development Company. However, it did not disclose the value of the deal. “PTC India Limited’s […]
CERC Approves Petition of Pranurja Solution for Registration of Power Exchange
Petition under Regulation 16 of the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 as amended, for grant of registration to establish and operate a Power Exchange in accordance with the Central Electricity Regulatory Commission (Conduct of Business) Regulations, 1999. Pranurja Solution Limited (PSL). For more information please see below link:
PTC India inks pact with NPC to explore biz opportunities in consultancy services
PTC has also been actively providing consultancy services to various clients, it said adding that the company has maintained its leadership position in power trading since inception. New Delhi: Power trading solutions provider PTC India on Tuesday said it has signed an initial pact with the National Productivity Council (NPC) to explore business opportunities in […]
Petition Seeking Relief in Time Extension Granted for Commissioning of 50 MW Wind Power Project
Petition Seeking Relief in Time Extension Granted for Commissioning of 50 MW Wind Power Project Petition under Clause 18 of the Guidelines for Tariff Based Competitive Petition under section 79 of the Electricity Act, 2003 seeking relief in time extension granted for commissioning of Petitioner’s 50 MW wind power project connected to central grid. Wind […]
US Treasury to Tweak Tax Credit Deadlines for Renewables Projects
A three-sentence letter issued by the Treasury Department on Thursday suggests relief may be on the way for a nervous renewables market. A concise three-sentence letter sent by the U.S. Treasury Department on Thursday suggests relief is on the way for a renewables industry concerned about meeting quickly approaching tax credit deadlines. The letter came […]
BlackRock Targets Storage With New Multibillion-Dollar Renewables Fund
Martin Torres, Americas chief for renewables at BlackRock Real Assets, talks batteries, offshore wind — and why things may be easier once subsidies disappear. The world’s largest asset manager has a new multibillion-dollar renewable energy fund in the works, and a good chunk of it may go to batteries. Long a major global investor in […]
US Lawmakers Stiff Solar, Wind Gets Modest Victory in Tax Deal
Despite months of intense lobbying, the solar industry comes up empty-handed in end-of-year spending legislation. After months of lobbying, the clean energy industry secured minimal tax credit extensions in the $1.37 trillion end-of-year deal U.S. lawmakers eked out this week to fund the government in 2020. Of the possible extensions that may have been stuffed […]
PTC India Financial Services thermal energy exposure to go below 10%
PFS says it is shifting its focus towards renewable energy (RE), roads and transmission PTC Financial Services, a non-banking finance company (NBFC), will see its exposure to stressed thermal power assets come down to nine per cent of its total loan book, with resolution of Jaypee’s Prayagraj power project reaching conclusion. The project was awarded […]