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 […]