Solar sector raised over $10 billion in financing during 2017
Solar funding grew last year as approximately 9.6 GW of new solar installations were added to the Indian grid. In 2017, the country’s solar sector logged over $10 billion (~Rs.650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update. Financing activity in the sector totalled approximately $4 billion (~Rs.260 billion) in 2016.
Mytrah Energy successfully raises Rs 1,800 cr
Hyderabad-based renewable power producer Mytrah, has raised Rs 1,800 crore from Piramal Group’s financial services companies. The funds are being invested in the form of non-convertible debentures (NCDs) with a seven-year tenure into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs 980 crore) and Mytrah Ujjwal Power Private Limited (Rs 820 crore).
9 MW commissioned under in Karnataka Farmer’s Solar Scheme
Rays Infra Power has commissioned a 9 MW solar PV project, assigned by Brewer Energy Private Ltd. Despite facing challenges with the land being highly uneven, the dedicated project team adopted corrective measures and the project was commissioned within the stipulated deadline.
Bidders had choice to bid for 'indexe' fuel cost
At the time of bidding for the Gujarat UMPP and also in the Case-2 Bidding based on imported coal, the bidders had a choice to bid for an (indexed÷ fuel cost, which meant that any variations in fuel cost could be passed through to the procurers based on an indexation formula defined in the PPA.
Is Micro-grid the Answer to Rural India's Power Woes?
Micro-grid can be defined as a small network of electricity users with a local source of supply that is usually attached to a centralised national grid but is able to function independently. From India's context, rural micro-grid is a small electricity network implemented at a village level with its own generation unit.
Problem of Plenty
India has become a power surplus nation, albeit with certain caveats. In its wake, it has changed the whole paradigm of generation sources, with solar and wind hogging the spotlight and coal being relegated a bit.
IndiGrid initial public issue of units to open on May 17
India Grid Trust (IndiGrid), proposes to open on May 17, 2017, an initial public issue of its units for cash at a price band per unit of Rs 98 to Rs 100, aggregating up to Rs 22,500 million. IndiGrid is an infrastructure investment trust (InvIT) established to own inter-state power transmission assets in India. Sterlite Power Grid Ventures Limited and Sterlite Investment Managers Limited are the Sponsor and Investment Manager. Axis Trustee Services Limited is the Trustee of IndiGrid.
WREPL raises Rs 1,200 cr through debentures
Tata Power’s wholly owned subsidiary Welspun Renewables Energy Private Ltd (WREPL) has raised Rs 1,200 crore through issuance of non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 1,200 crore on a private placement basis, the company has said in a BSE filing
ExxonMobil technical partner at CII´s EE workshops
ExxonMobil Lubricants Private Limited participated as a technical partner at CII´s third edition of workshops with industry associations and technical discussions with accredited energy auditors across multi-cities.