Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]
New $100 million SPV unveiled for renewable projects
Infundi, a joint initiative of Nafath Renewable Energy (an Omani SME specializing in the development of small-scale solar PV projects) and National Sustainable Energy Development Company, will launch a new Special Purpose Vehicle (SPV) that aims to raise $100 million to support the development of solar PV schemes in Oman and the wider Middle East […]
AP High Court Order: Immediate Resolution of Cash Flow Stress in State Renewable Projects Unlikely
India Ratings and Research (Ind-Ra) believes solar and wind power projects in Andhra Pradesh are unlikely to secure any immediate respite from cash flow-related pressure in view of the recent order given by Andhra Pradesh (AP) high court. The order to pay an interim tariff of INR2.44/unit and INR2.43/unit for solar and wind projects, respectively, […]
PTC Financial Services partners UKCI, DFID for India’s first green fund
PFS separately raised a loan of Rs 1,000 crore from SBI for a 10-year tenure, linked to the marginal cost of funds-based lending rate PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company […]