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    Indian Energy Exchange files IPO papers with Sebi

    According to reports, Indian Energy Exchange (IEX) Ltd has filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO). The IPO will see sale of 6,065,009 equity shares by existing shareholders including Tata Power Company Ltd, Aditya Birla Group’s private equity arm , Madison India Capital and Renuka Ramnath-led Multiples Alternate Asset Management Pvt Ltd. Besides, AF Holdings, Kiran Vyapar Ltd, Golden Oak (Mauritius) Ltd and IEX’s former chief executive Jayant Deo would offload shares ... Read More »

    Centre removes interstate supply charges on solar power projects till December 2019

    According to reports, Solar power projects will be exempted from interstate transmission charges till the end of December 2019, making it feasible to compete with thermal power. The decision was taken by the ministry of power in consultation with the ministry of new and renewable energy (MNRE) and other stakeholders since imposition of charges would have raised cost of using solar power from another state by Rs 1-2.50 per kwH, depending on the distance it is transmitted and voltage at which ... Read More »

    TN to increase installed capacity of solar energy

    According to reports, Tamil Nadu Government has floated tenders for generating solar energy to the tune of 1,500 MW as part of its proposal to increase the installed power capacity in solar energy to 5,000 MW in coming years. According to the policy note tabled in the state assembly by Electricity Minister P Thangamani today, Tamil Nadu had a total solar installed capacity of 1,702.40 MW as of May 31, 2017. “Tamil Nadu has harnessed around 1,644 million units of ... Read More »

    NTPC’s 225 MW capacity commissioned at Mandsaur project

    State-run power giant NTPC today said that 225 MW out of 250 MW of Mandsaur solar power projects is commissioned, taking the total installed solar capacity of the company to 845 MW. “225 MW out of 250 MW of Mandsaur Solar Power Project of NTPC Ltd has been commissioned,” NTPC said in a BSE filing. According to statement, with this, the installed capacity of NTPC’s solar power projects has become 845 MW. The total installed capacity of NTPC on standalone ... Read More »

    Catching the sun at Bhadla solar park

    According to reports, Bhadla, an arid sprawl in Rajasthan spread over 45 sq km, is where over a million glistening silicon panels fuel India’s ambitious plan to generate 1,00,000 MW of solar energy by 2022. The Indian Express visits the plant that is on its way to becoming the country’s biggest solar park. Bhadla is almost unlivable. Located in Rajasthan’s Jodhpur district, its normal temperatures oscillate between 46 and 48 degrees Celsius, while hot winds make even the relatively lower 40 ... Read More »

    Tata Sons may put Welspun deal under lens due to concerns over corporate governance

    According to reports, Tata Sons is considering a forensic audit of last year’s purchase of Welspun Renewables Energy Pvt for Rs 9,249 crore by Tata Power Ltd because of concerns over corporate governance, allegedly inflated valuations and the unusual swiftness in execution, two persons with direct knowledge of the development told ET. The 2016 acquisition, which made Tata Power one of India’s largest renewable companies with a capacity of 2.3 gigawatts, was a key point of friction between former Tata Sons chairman ... Read More »

    Clean energy firm Acme Group appoints banks to raise capital via InvIT

    According to reports, Delhi-based renewable energy firm Acme Group has appointed two investment banks as it starts work on a plan to raise money via an infrastructure investment trust (InvIT), according to four people aware of the development. InvITs are trusts that manage income-generating infrastructure assets, offering investors regular yields and a liquid way to invest in infrastructure projects. “Acme has appointed investment banks Citigroup and Axis Capital Ltd to begin work on its InvIT plans. It also plans to ... Read More »

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