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.
FirstEnergy to sell four gas plants to LS Power
FirstEnergy Corp said it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a unit of LS Power Equity Partners III LP for about $925 million.
Cleaner and greener tomorrow
A cleaner environment, less pollutant energy, a sustainable living model are some of the ambitious target set by the government at the centre. This is both applicable for the industry and for the people of the country.
Foreign shopping to widen market
Pumps are a common and important component in almost all industrial segments across the world. The most commonly and widely used pumps are the centrifugal pumps or the water pumps, of which the agricultural segment in India are the largest consumers
ReNew Power in talks with PE firm to raise $200 million
ReNew Power Ventures Pvt. Ltd, in which Goldman Sachs Group Inc. has a majority stake, is in advanced talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million to generate 400 MW of solar power.
GAIL offers equity for Talcher urea plant
GAIL (India) Ltd is willing to offer equity to a foreign technology provider in its proposed joint venture with Rashtriya Chemicals and Fertilisers, Coal India, and Fertiliser Corporation of India, for the revival of the Talcher fertiliser unit in Odisha
GMR Infra to raise funds
GMR Infrastructure is planning to raise funds through issue of non-convertible debentures, equity shares/equity linked instruments or any other securities up to an amount of Rs 25 billion.
Tembusu invests $7.5 million in Param
Singapore private equity investor, Tembusu Partners has made a $7.5 million investment in Param Mitra Coal Resources, backed by the Sindhu family which owns India-based Sainik-Aryan Group. Param Mitra Coal Resources Pte Ltd (PMCR) owns two operating coal mines in East Kalimantan province of Indonesia.
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