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Inox Wind looks to sell its stake in new project

According to reports,  Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said. Several buyers have shown interest, with ReNew Power, which lost out in the auction, close to clinching a deal. Neither ReNew Power nor Inox Wind was willing to comment on the matter. Inox won the bid quoting ... Read More »

McNally Bharat bags Rs. 415-cr solar power project in AP

According to reports, McNally Bharat Engineering Company Ltd has bagged a Rs. 415.29-crore order from Andhra Pradesh Power Generation Corporation Ltd. The project entails design, engineering, manufacturing, supply, commissioning and operation and maintenance of 500-MW grid connected solar photo voltaic power project including civil works in Andhra Pradesh, the company informed the BSE. Read More »

Rewa solar plant to receive loan from World Bank

According to reports, the World Bank has agreed to provide loan to develop internal transmission arrangements of the upcoming Rewa Ultra Mega Solar (RUMS) project in Madhya Pradesh, a state government official said today. “The World Bank has agreed to provide loan to develop internal transmission arrangements of the Rewa project. It will provide 25 per cent of the loan amount under its Clean Technology Fund (CTF), where the money will be provided at an interest rate of only 0.25 ... 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 »

Canadian Solar to deliver 80MW in India

Canadian Solar has secured power purchase agreements totalling 80MW with the Solar Energy Corporation of India (SECI). The power will be delivered from projects awarded to Canadian Solar under a 450MW solar capacity tender in the state of Maharashtra. The projects are scheduled to start operations in late 2017. Canadian Solar chairman and chief executive Shawn Qu said: “This investment adds to our India pipeline that stands at 110MW.” 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 »

Greenko Group eyes Bhoruka Power’s clean energy portfolio

According to reports, Greenko Group is looking to acquire hydro and wind power producer Bhoruka Power Corp. Ltd’s renewable energy portfolio of 310 megawatts (MW). L&T Infrastructure Finance Co. Ltd holds an equity stake worth Rs350 crore in Bhoruka Power, which currently operates 110MW of hydropower capacity, 170MW of wind capacity and 30MW of solar capacity in Karnataka, Rajasthan and Haryana, and is building a 200MW wind farm in Karnataka. This comes against the backdrop of Greenko Energies Pvt. Ltd, ... Read More »

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