PFC, REC may Restrict Funding for Projects Using Chinese Equipment Updated On Tue, Jun 30th, 2020 by Saurenergy The government’s economic response against China may see public-sector financiers like PFC, REC restricting funding of projects that use equipment from the country The government’s economic response against China may see public sector financiers restricting funding of projects that use equipment from the neighbouring country. The practice would first be adopted in the power sector, […] Read more
EIB Finances 200 MW Solar Projects in Spain, 2 Wind Farms in Austria Updated On Mon, Jun 29th, 2020 by Saurenergy EIB is investing EUR 43.5 mn to finance 200 MW solar projects in Spain, and EUR 63 mn for construction and operation of two new wind farms in Austria. The European Investment Bank (EIB) has announced that it is investing EUR 43.5 million to finance the largest solar project in Andalusia and one of the most powerful in […] Read more
KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’ Updated On Mon, Jun 29th, 2020 by Saurenergy KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […] Read more
Discoms’ Dues to Gencos Expands to Rs 1.23 Lakh Crore Updated On Mon, Jun 29th, 2020 by Saurenergy Gencos total outstanding dues owed by Discoms rose nearly 63 percent to Rs 1.23 lakh crore in April 2020 over the same month previous year. Power generators (Gencos) total outstanding dues owed by distribution companies (Discoms) rose nearly 63 percent to Rs 1.23 lakh crore in April 2020 over the same month previous year, reflecting stress in the sector. […] Read more
Inox Wind Net Loss Widens to Rs 192.17 Cr in Q4 Updated On Sat, Jun 27th, 2020 by Saurenergy Inox Wind, a leading wind energy solutions provider in India, has reported its consolidated net loss widened to Rs 192.17 crore during the fourth quarter ended March 31, 2020, on the back of higher expenses. The consolidated net loss of the company stood at Rs 53.56 crore during the same period a year ago, the […] Read more
NTPC PAT Drops 70% to Rs 1,524 Cr in Q4 on Higher Tax Provisioning Updated On Sat, Jun 27th, 2020 by Saurenergy State-run power giant NTPC has reported a drop of more than 70 per cent in its consolidated net profit after tax (PAT) at Rs 1,523.77 crore during the January-March quarter mainly on account of higher tax provision under the ‘Vivad Se Vishwas’ scheme. The consolidated PAT of the company stood at Rs 5,161.39 crore during the corresponding […] Read more
PFC Sanctions over Rs 1 Lakh Cr; Disburses Rs 68k Cr as Loan in FY20 Updated On Thu, Jun 25th, 2020 by Saurenergy State-owned power sector lender Power Finance Corporation Ltd (PFC) has sanctioned loan amount of more than Rs 1 lakh crore during the financial year 2019-20. Further, it had disbursed about Rs 68,000 crore as loan, during FY20, including Rs 11,000 crore disbursed during the last week of March 2020, despite nationwide lockdown, said the non-banking financial […] Read more
World Bank Approves $750 Mn Credit to Help the Power Sector in Nigeria Updated On Thu, Jun 25th, 2020 by Saurenergy World Bank has approved the PSRO of USD 750 million in IDA credit to improve the reliability of electric supply and enhance the overall power sector in Nigeria. The World Bank Board of Directors approved the Power Sector Recovery Operation (PSRO) of USD 750 million in International Development Association (IDA) credit to improve the reliability […] Read more
Amazon Announces $2 Bn Fund to Support Sustainable Technologies and Services Updated On Wed, Jun 24th, 2020 by Saurenergy Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services with an initial USD 2 billion in funding Global e-commerce major — Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet […] Read more
