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Power & Electricity

India’s move to energise every village in the country with electricity is one of the greatest success stories in the world this year; providing clean cooking fuel to people is another laudable achievement that will reduce premature deaths from pollution, the International Energy Agency (IEA) said. IEA, the global energy watchdog for the developed world, […]

The Tripura government will soon start a dialogue for the purchase of 26 per cent equity shares of the Palatana gas thermal power project from the Infrastructure Leasing and Financial Services (IL&FS). The 726.6 mw gas-based power project, run by ONGC Tripura Power Company (OTPC), was formally started in 2014 as a joint venture of […]

Nettlinx (India) has partnered with Japanese investment firms –Takara Leben Company and Kuni Umi Asset Management Corporation for setting up the first waste-to-energy plant in Telangana. Both the Japanese companies plan to jointly invest up to 30 percent of equity in the SVGreen 12 MW waste-to-energy plant and are considering follow-up investments in other Nettlinx […]

Gautam Thapar group promoted Avantha Holdings has offered to pay Rs 24.30 billion to lenders to escape insolvency proceedings for its Jhabua power plant. The plant is one of the projects for which lenders, led by Axis Bank, were looking for suitors outside the IBC. The lenders have meanwhile cancelled the bid of the little-known […]

The country’s power sector is poised to attract investments worth Rs 11.56 trillion between 2017 and 2022. Investments are expected to flow into thermal, hydro, nuclear and renewables segments. Between April 2000 and June 2018, FDI (foreign direct investment) inflows in the power sector reached $14.18 billion, accounting for 3.64 per cent of the total […]

Power firm Adani Transmission has signed an agreement to buy entire stake in KEC International Rajasthan-based power transmission arm at an enterprise value ofs Rs 227.5 crore. KEC Bikaner Sikar Transmission Private Limited (KBSTPL) project comprises 400 KV D/C Bikaner-Sikar Line of 344 circuit kilometer. The project was awarded to the company through competitive bidding […]

SoftBank’s arm SB Energy is close to signing a pact to invest in a 500 megawatt solar power plant being developed by the Essel Group in Rajasthan, according to sources directly involved with the deal. Essel Group is in early stages of developing a solar power park in Rajasthan with a total capacity of 750 […]

GE Power India said it has bagged orders worth Rs 1,783 crore from NTPC for installation of air quality control systems at four of its power plants. The four power plant projects are Solapur Super Thermal Power Project – 2×660 MW, Tanda Super Thermal Power Project Stage II – 2×660 MW, Feroze Gandhi Unchahar Thermal […]

EverSource Capital, the green infrastructure JV between PE fund Everstone Group and UK-based Lightsource BP’s Eversource Capital, is ready to back the new renewable energy platform launched by former executives of Ostro Energy. Ranjit Gupta and Murali Subramanian, former CEO and COO, respectively, of Actis LLP’s Ostro Energy, will raise about $100-150 million from EverSource […]