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Daily Archives: July 5, 2015

NTPC, PTC India allowed dollar-linked tariffs for new solar projects

According to reports, the Centre has allowed state-owned NTPC and PTC India to charge dollar-linked tariffs for their new solar projects. The Minister of New and Renewable Energy Piyush Goyal had taken a decision on this recently and “we have asked NTPC and PTC to go for dollar-linked tariffs for 1,000 MW each on a pilot basis. If successful they can go up to 10,000 MW each with the same tariff mechanism,” Upendra Tripathy, Secretary, Ministry of New & Renewable ... Read More »

Clean Energy Fund to give cheaper loans

According to reports, the Indian renewable energy industry has for long sought cheaper finance from the National Clean Energy Fund (NCEF), and now it looks like its wish will be granted. The Renewable Energy Act, which in the works, is likely to mandate that 50 per cent of the balance in NCEF will go to funding renewable energy projects, according to G M Pillai, who was a member of a six-member sub-committee that drafted the law. The draft is currently ... Read More »

REC tweaks norms to lend to renewable energy projects

According to reports, Rural Electrification Corporation, the government-owned power sector financier, has just tweaked its lending norms to suit wind and solar projects, the company’s Executive Director, Ashok Awasthi, said today. “We have significantly changed our guidelines for lending to renewable energy sector,” Awasthi said at a conference on Green Energy here, organised by the Confederation of Indian Industry. He mentioned four broad changes in REC’s lending norms for renewable energy projects. First, the moratorium period has been increased from ... Read More »

Indian developers flock to project bonds to fund infrastructure

According to reports, at least a dozen Indian infrastructure developers are turning to the local bond market to cut funding costs, in an early sign that institutional investors are warming to project financings. Infrastructure-related bonds in the works include a long-awaited debut under an Asian Development Bank-backed credit-enhancement scheme, as well as several long-term deals with innovative structures. A flurry of successful refinancings will raise hopes that India’s underdeveloped capital markets can help ease the country’s infrastructure bottlenecks by offering ... Read More »

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