Payment security mechanism to induce discipline, but may stretch discom financials: CRISIL

New Delhi: The power generating companies (gencos) may gain from new payment security mechanism but its compliance would hurt discoms, consumer and states, said CRISIL Research in a report. The Union power ministry has made it mandatory for discoms to open and maintain sufficient letters of credit (LC) as a payment-security mechanism under power purchase […]

EverSource Capital to invest $1 billion in India’s renewable energy sector

umbai: EverSource Capital, the joint venture between private equity firm Everstone Capital and global solar project developer Lightsource BP, is looking to invest over $1 billion in renewable energy investments through its Green Growth Equity Fund, said a senior company executive.The National Investments and Infrastructure Fund (NIIF) of India and the UK government are anchor […]