Solar Energy Corporation of India Limited (SECI) conducted India’s first auction of wind power projects in February 2017 in which tariff of Rs. 3.46 was discovered, which was much lower than feed in tariffs in vogue those days.
Reliance Power Netherlands BV, a wholly owned subsidiary of Reliance Power Limited has won an international arbitration award of ~ USD 56Million (~ Rs 390 Crore) against Prestige Capital Holdings Ltd (a Seychelles based Company) and Mr Kokos Jiang (collectively the “Respondents”).
REC Limited, the state owned power sector financier, signed a 200 million Euro loan with the German bank KfW in Frankfurt on 13th August 2018.
Mr. Akshay Kumar Singh has joined as Director (Pipelines) of Indian Oil Corporation (IndianOil), the country’s largest commercial enterprise and the top-ranked Indian corporate in Fortune’s ‘Global 500’ listing.
State-owned transmission major, POWERGRID has entered into a term loan facility agreement for ₹10,000 Crore with State Bank of India (SBI) today, for meeting capital expenditure for expansion/ renovation and setting up of various undergoing and new transmission & other projects in the company and in identified SPVs/JVs of the company.
With a view to resolve the stress and revive such assets, the Government has decided to set up a High Level Empowered Committee headed by Cabinet Secretary PK Sinha with representatives from the Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector.
Mr. Gurmeet Singh has taken charge as Director (Marketing), IndianOil – the country’s largest commercial enterprise and the top-ranked Indian corporate in Fortune’s ‘Global 500’ listing.
The biomass power generation capacity in India is rapidly growing since last few years as Indian government focuses on increasing power generation through renewable energy sources. As on Dec 31, 2017, the grid connected biomass power generation capacity in India stood at 8.4 GW, up from 4.95 GW as on March 31, 2016.
NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.
NTPC’s 250 MW Solar Project In Suwasra, District Mandsaur, Madhya Pradesh Dedicated To State By Shri Shivraj Singh Chauhan Hon’ble Chief Minister, Madhya Pradesh
The Chief Minister of Madhya Pradesh, Shivraj Singh Chauhan on Wednesday dedicated to the State of MP, NTPC’s 250 MW Solar Power Plant in Suwasra, District Mandsaur of Madhya Pradesh.