Q4 2017 highlights VC/PE funding
ReNew Power Ventures - an Indian renewable energy project developer - secured ~$200 million (~Rs.13 billion) from the Canada Pension Plan Investment Board in the form of compulsory convertible preference shares (convertible debt) that will convert to equity shares at the time of an initial public offering.
The power sector of the country has witnessed a considerable change and evolution in the last two decades owing to several policy and regulatory measures.
Govt needs to provide certainty on regulatory front
Globally, we have seen the solar energy sector becoming more competitive, with ó2.34 tariff discovered in Saudi Arabia and similar tariff being seen in Mexico, Chile and other parts of the world.
Banks reluctant to fund renew projects
Artha Energy Resources is a four-year old data first company, a part of the Artha Group of companies. Artha is a part of Damani group with interests across venture capital, power, hospitality, stock markets, and real estate.
T&D sits with Rs.30,000-crore refinancing opportunity
From the projects handled, we have developed a core team of project managers and sub-contractors who understand every facet of the activity from design, construction to commissioning and have established a methodology for speedy construction from which we are progressing in transmission work along with established distribution work.
NTPC pays Rs 2,251-cr dividend for current fiscal
NTPC Ltd has announced payment of an interim dividend of Rs 2,251.01 crore, equivalent to 27.30 per cent of the paid-up equity share capital of the company, for the current financial year.
Power Minister wants states to cut discom losses
Union Power and Renewable Energy Minister RK Singh has asked all states to bid out loss-making areas of electricity distribution companies (discoms) to frachisees. The minister has sent letters to power ministers of states seeking immediate actions to cut down on financial losses of distribution companies.
Piyush Goyal talks about having one global electricity grid
Union Minister of Railways and Coal Piyush Goyal has talked about having a global grid. While addressing a conference of World Energy Council India, Goyal asked the participants to think about having global transmission grid in which power can seamlessly flow from one region to the other.
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