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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 »

SAIL TO GENERATE POWER FROM MUNICIPAL WASTE

According to reports, Steel Authority of India Ltd (SAIL), India’s largest steel maker in public sector, will set up a processing plant for generating power from municipal solid waste generated in Bhilai township, company officials said on Saturday. The processing plant would utilise pyrolysis/ biomethanation/ RDF based Municipal solid waste technology or any other gasification technology for ‘Waste to Energy’ power generation. Power will be generated from 400 tonnes of municipal solid waste per day, officials added. As per a ... Read More »

Renewable energy companies in Tamil Nadu in a spot

According to reports, about 200 MW of wind and solar power plants in Tamil Nadu are in the danger of losing incentives because the State government has been unable to appoint a person to the post of Chief Electrical Inspector to Government (CEIG). Power projects set up in the State cannot begin to operate unless the CEIG gives the Safety Certificate. After V Jayavel superannuated from service on February 28, the post fell vacant. The problem wind and solar developers ... Read More »

MNRE receives Rs 10,239 cr from NCEF since FY’15

According to reports, the Ministry of New and Renewable Energy (MNRE) has received Rs 10,239 crore from the National Clean Energy Fund in the three fiscals to 2016-17. “From FY 2014-15 up to the current financial year, i.e 2016-17, Rs 10,239.18 crore was allocated from the National Clean Energy Fund (NCEF) to the Ministry of New and Renewable Energy,” Union Power Minister Piyush Goyal said in a written reply to the Rajya Sabha. In addition to NCEF support, Rs 787.53 ... Read More »

Draft Tariff Norms Spark Worries Over Power Grid, NTPC Earnings

According to reports, stocks of Power Grid Corporation of India Ltd. and NTPC Ltd. have fallen 3-7 percent over the past month on fears that the government may bring down regulated returns for conventional utilities. The fears stem from the Central Electricity Regulatory Commission’s (CERC) draft tariff guidelines on renewables that propose to lower the regulated post-tax rate of return to 14 percent from 15.5 percent now, according to a report by Kotak Institutional Equities. The market fears a similar ... Read More »

Trai extends industry feedback deadlines again on ways to cut telco carbon emissions

According to reports, the Telecom Regulatory Authority of India (Trai) has for a second time extended the deadlines for stakeholder comments and counter-comments on its discussion paper on ways to reduce carbon emissions in the telecom industry and computing carbon footprint in mobile networks. The telecom regulator has now sought comments on the discussion paper by April 3 and counter-comments by April 17. It had originally sought comments and counter-comments by February 13 and February 27 respectively, and had initially ... Read More »

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