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Daily Archives: August 7, 2017

Hinduja National Power looks to acquire Kiran Energy assets

According to reports, Hinduja National Power Corp. Ltd, part of the diversified Hinduja Group, is the latest company to express interest in acquiring the assets of Kiran Energy Solar Power Pvt. Ltd, according to two people aware of the development. Hinduja National Power has initiated discussions to acquire ownership of Kiran Energy, from private equity funds, the people said on condition of anonymity. PE funds Argonaut Ventures, New Silk Route (NSR) and Bessemer Venture Partners (BVP) India own nearly 80% of ... Read More »

IDFC Alternatives Infra Fund buys seven solar projects from First Solar

According to reports, in continuation of the interest of private equity players in the renewable energy space, particularly solar power, India Infrastructure Fund II has entered into definitive agreements with First Solar Power India Pvt Ltd to acquire seven operating solar projects totalling 190 MW. The deal size was not disclosed, but was estimated at ₹1,920 crore ($300 million). The seven projects are in Andhra Pradesh and Telangana and all of them use First Solar’s advanced Cadmium Telluride-based thin film ... Read More »

Tangedco hits ‘century’ in a 1st, sells wind power

According to reports,the state this week started sale of wind power, with Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) on Thursday and Friday trading more than 150MW with Power Exchange India Ltd (PXIL), at a tariff of between Rs 5.25/unit and Rs 6/unit. This is at a far remove from the situation only a couple of years ago, when private wind energy companies in the state blamed Tangedco for losses due to the discom’s failure to evacuate the power they generated. “Wind power generation ... Read More »

MPs pitch for more focus on renewable sources of energy

According to reports, opposition lawmakers today asked the government to put adequate focus on renewable sources of energy to cut dependency on fossil fuel, saying time has come to take the matter seriously. During a discussion on the India Institute of Petroleum and Energy Bill, 2017 in the Lok Sabha, a number of members from the Opposition parties said a majority of leading economies globally are moving towards biol-fuels and renewable sources of energy and India must take similar initiative. The bill provides ... Read More »

Wind energy companies move Madras High Court against auction of Tamil Nadu projects

According to reports, Wind energy companies have moved the Madras High Court against the Tamil Nadu electricity distribution company’s move to auction wind energy projects with a new base price, and the sector regulator’s decision to allow the auction. Indian Wind Energy Association (IWEA), an industry body of wind energy developers, has moved the high court, challenging a Tamil Nadu Electricity Regulatory Commission (TNERC) order to allow Tamil Nadu Generation and Distribution Co (TANGEDCO) hold a wind auction for 500 MW with ... Read More »

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