Search

Home » 2017

Yearly Archives: 2017

Temasek-backed Sembcorp set to pump in $600 million in India power arm

According to reports, Sembcorp Industries Ltd, controlled by Singapore’s state-run investment firm Temasek Holdings Pte Ltd, is set to provide about $600 million to its Sembcorp Gayatri Power Ltd (SGPL) unit that operates a 1,320 megawatt (MW) thermal plant in Andhra Pradesh. Sembcorp will subscribe to $600 million worth of bonds issued by the Indian unit, a person with direct knowledge of the matter said on condition of anonymity. The funds will be used by Sembcorp Gayatri to pay down its ... Read More »

Even as US rakes-up solar energy row with India, world panel producers eye market here for future business

According to reports, the WTO’s dispute settlement function has been a trustworthy mechanism for settling disputes between WTO members. It has run well, since WTO members have accepted rulings of the multilateral trade body on various disputes and amended domestic policies accordingly. But this may no longer be the case if some WTO members are ‘directing’ changes in domestic policies of other members following WTO decisions. The India-US solar power dispute is a pertinent case. Last year, India lost to ... Read More »

Macquarie in talks to buy solar power assets of Hindustan Power

According to reports, Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks to acquire a 320 megawatt (MW) portfolio of solar assets from Hindustan Power Projects Pvt. Ltd (HPPPL), two people familiar with the development said. HPPPL, formerly known as Moser Baer Projects Pvt. Ltd, has over 600MW of solar capacity. In April, it commissioned a 1,200MW thermal power plant at Anuppur in Madhya Pradesh. Mint reported in September that the firm was scouting for buyers for a large ... Read More »

NCPA installs private rooftop solar project in Mumbai

According to reports, the iconic NCPA, the mecca of the city’s art and culture lovers, is now holding a beacon for energy conservation measures as well. It has installed one of the city’s largest private rooftop solar projects on its vast terraces. The roofs of Tata Theatre, Jamshed Bhabha and Experimental Theatre buildings have been fitted with panels. These will help the institution save one-third of its annual electricity consumption. NCPA’s chief engineer Nayan Kale estimates a saving of Rs ... Read More »

SunEdison India assets to help double Greenko capacity

According to reports, Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc. Generation capacity should grow to about 5 gigawatts (GW) in the next two years as new projects come online and Greenko integrates 1.5 GW of SunEdison assets into its portfolio, Mahesh Kolli, the founder of the company based in Hyderabad, India, said in a ... Read More »

Temasek-backed Sembcorp set to pump in $600 mn in India power arm

According to reports, Sembcorp Industries Ltd, promoted by Singapore’s sovereign wealth fund Temasek Holdings Private Ltd, is set to infuse fresh capital of about $600 million into its power business in India, Sembcorp Gayatri Power Ltd (SGPL), which is operating a 1,320 megawatt (MW) thermal power plant in Andhra Pradesh. The capital infusion, in the nature of fully guaranteed debt from the parent group, will lower the existing domestic debt in the project from about $1,050 million to about $450 ... Read More »

Greenko Energy raises $155 million from GIC, Abu Dhabi Investment Authority

According to reports, renewable energy firm Greenko Energy Holdings has on Monday announced raising $155m (nearly Rs 1,010 crore) from global investment firm GIC and an arm of Abu Dhabi Investment Authority (ADIA). In a statement, Greenko said it has signed a definitive agreement with investors wherein GIC is investing $123.9 million, while the balance $31.1 million is being invested by the ADIA’s subsidiary. Following this fresh investment, GIC continues to be the majority shareholder. Greenko said it would deploy ... Read More »

Scroll To Top