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Daily Archives: February 15, 2017

Sebi to finalise norms for Green Bonds post MNRE comments

According to reports, capital markets regulator Sebi will soon finalise its guidelines for listing of Green Bonds, which would facilitate raising of funds for investment in renewable energy space, after incorporating comments from the Ministry of New and Renewable Energy (MNRE). Over a year ago, Sebi’s board had approved detailed draft norms for issuance and listing of Green Bonds in the stock market to help meet the huge financing requirements worth USD 2.5 trillion for climate change actions in India ... Read More »

Inox Wind Infra to raise Rs 195 crore via NCDs

According to reports, Inox Wind Infrastructure Services, a wholly owned subsidiary of Inox Wind, has issued non-convertible debentures worth Rs 195 crore on a private placement basis. “The NCDs will carry a coupon rate of 8.33 per cent (payable semi-annually) and are guaranteed by the company,” the company said in a regulatory filing. The proceeds from the NCDs will be primarily used to finance the replacement capex, fresh capex, replacement of existing loans (including inter corporate deposits and optimally convertible ... Read More »

INS Sarvekshak goes green; instals solar power system

According to reports, Indian Navy’s survey vessel INS Sarvekshak has gone green by installing a solar power system on board. Navy said the system, equipped on the ship, works on sunlight and hence is 100 per cent reliable for power source that can be used for communication equipment, battery charging and general lightings onboard round the clock with battery outputs during night. The system is “maintenance free” whereeas the the diesel generator requires regular maintenance, it said. The estmiated profit ... Read More »

Amplus partners Snapdeal for 1 MW rooftop solar project

According to reports, Amplus Energy Solutions today said it has signed a Rs 5-crore deal with e-commerce firm Snapdeal to install 1 MW rooftop solar projects. Under the pact, Amplus will set up rooftop solar plants warehouses of Vulcan Express, the captive logistics unit of Snapdeal, across various locations, it said in statement. Gurgaon based Snapdeal plans to reduce its CO2 emissions by 34,500 MT or reduce consumption of 2,55,000 barrels of crude oil which will be equivalent to planting ... Read More »

GST could raise solar tariffs by 10%: Report

According to reports, solar tariffs in India may rise by nearly 10 per cent if current tax exemptions are curtailed under the proposed Goods and Services Tax (GST) regime, a local think-tank dealing with energy and environment issues has said. “India’s emerging solar sector could see tariffs rise by nearly 10 per cent if current tax exemptions were curtailed in the roll out of the GST,” the Delhi-based Council on Energy, Environment and Water (CEEW) said in a statement on ... Read More »

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