Clean energy producer ReNew Power Thursday said it has secured fresh debt financing of up to USD 350 million from the US government’s development finance institution Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power in March 2016, a […]
Day: February 21, 2019
Sembcorp Energy post Rs 247 cr profit for 2018
Singapore-based Sembcorp Industries’ India arm Sembcorp Energy India (SEIL) swung back into black in 2018, reporting an annual profit of Singapore dollar (SGD) 47 million (about Rs 247 crore). SEIL reported a turnover of SGD 1.686 billion (about Rs 8,873 crore) in 2018 amid stress in the power sector. The company, part of Singapore-listed Sembcorp […]
Shell, PetroChina spat holds up biggest Australian coal seam gas project
Royal Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow Energy joint venture, holding up development of Australia’s biggest coal seam gas resource, three industry sources said. PetroChina, the listed arm of China National Petroleum Corp (CNPC), is eager to start developing Arrow’s 5 trillion cubic feet (140 billion cubic […]
Editorial- March 2019
The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]
Electric Vehicles Charging Infra
When CNG based kits were first introduced in Delhi, there were very few filling stations and there used to be long queues of private cars for refills with waiting time well over one hour. Still, people waited, because it worked out to be much cheaper compared to petrol / diesel.
Lenders invite bid for Coastal Energen
On behalf of the lenders SBICap has invited bids for Tamil Nadu based Coastal Energen after its promoter failed to repay loans of over Rs 8,200 crore to Indian banks. Interestingly, its promoter Coal & Oil group, which has invested in the company through Mutiara Energy and Precious Energy, has also shown interest in buying […]
Jhajjar
On May 30, 2018, Petroleum & Natural Gas Regulatory Board (PNGRB) invited 9th round of bids for grant of authorization for laying, building, operating, expanding city gas distribution network (CGD) in 86 specified geographical areas (GA) across India. This included two districts of Haryana – Hisar (GA-17) and Jhajjar (GA-18). Entities with networth of Rs […]