In a move that could help revive the stressed projects of Tata Power, Essar Power, and Adani Power, the Gujarat government is seeking Supreme Court direction to the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements.
The country needs to tap emerging routes of debt and equity funding to accelerate towards its avowed target of 100 Gw of installed solar capacity by 2022.
The recommendations of a high-powered committee on stranded power projects set up by the Gujarat government can bring a combined relief of Rs 1.29 billion for Tata, Adani and Essar’s power plants in the state over the next 30 years, according to a source.
A cyclone slammed into India’s eastern seaboard on Thursday, destroying huts, uprooting trees, snapping power lines and telephone poles, leaving hundreds of thousands without power.
State-run NTPC Wednesday said its joint venture with Bharat Forge has initiated a voluntary liquidation process under Insolvency and Bankruptcy Code (IBC).
A haircut of 40-60 per cent along with a few financial safeguards can help in resolving nearly Rs 1 trillion of stressed power loans, a report by Crisil said Tuesday.
As part of its plan to evolve into an energy company rather than just being a miner, Coal India has signed an initial agreement with NLC India for the formation of a joint venture (JV) company which will generate 3000 MW of solar and 2000 MW of thermal electricity.
City-based Greenko Energy Holdings, a renewable energy company, announced Monday that it has signed a pact to buy the assets of Pune-based Skeiron Green Renewables in Andhra Pradesh and Karnataka.
Suzlon, this country’s largest maker of wind power gear, is looking at monetising some of its assets, amid an anticipated rise in sales volume from the next financial year, both at home and abroad.
A policy research organisation has advocated bolstering the city’s tram infrastructure, including exploring the possibility of electric buses making use of the same overhead power supply network.