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Daily Archives: July 15, 2015

Indian billionaire may invest USD 47m in ReGen Powertech

According to reports, Indian entrepreneur Ajay Piramal intends to buy up to INR 3 billion (USD 47.3m/EUR 43m) worth of optionally convertible debentures from local wind turbine and solar inverter maker ReGen Powertech Pvt Ltd, the Economic Times reported. More specifically, the billionaire, through a unit of Piramal Enterprises, plans to subscribe to between INR 2.75 billion and INR 3 billion in such debentures to be sold by ReGen, three informed people told the ET. The sources pointed out that ... Read More »

Rosneft eyes Indian solar power market

According to reports, Russia’s OAO Rosneft, the world’s largest publicly traded oil company, is exploring a huge investment in solar energy in India, in a move that is as much a sign of the company’s interest in the Indian market as it is the potential of solar energy in the country. “Representatives from Rosneft have met the Indian government officials. They want to set up a capacity ranging between 10,000MW (megawatts) to 20,000MW,” said a government official who spoke on ... Read More »

PFC to set ball rolling on tax-free bonds

According to reports, less than a week after the government permitted seven companies to raise Rs 40,000 crore through tax-free bonds in FY16, Power Finance Corporation (PFC) could be the first to hit the market, say bond market sources. “PFC is seeking bids for its Rs 300-crore tax-free bonds through private placement on Tuesday. The company has fixed the coupon rates for its 10-year bonds at 7.16%, 15-year bonds at 7.39% and 20-year bonds at 7.45%,” said a bond arranger. ... Read More »

Hanwha wins 70MW order from Adani

According to reports, Hanwha Q Cells is to supply modules totalling 70MW to Ramnad Solar Power, a subsidiary of Adani Group of India. Construction will start in October and is scheduled for a completion by February 2016. Hanwha Q Cells in India vice president M Y Kim said: “Hanwha Q Cells is pleased to have partnered with Adani Group, one of India’s major energy companies. “Solar has received increased support from the government and India has now become one of ... Read More »

Govt to raise energy efficiency targets for industry

According to reports,  India is raising energy efficiency targets for the industry, environment secretary Ashok Lavasa said on Tuesday, adding his ministry will reveal the country’s ambitious plan to address climate change by the end of August. By September end, around 196 countries will announce their Intended Nationally Determined Contributions (INDCs) which would form the basis of the December Paris summit aimed at striking a new global climate deal. INDCs are a set of voluntary actions that each country will ... Read More »

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