Spark’s update on new Transmission Projects…

Government has notified five transmission projects for implementation with private sector participation through tariff based competitive bidding route. The notified schemes are inter-State transmission projects and as such these do not belong to any particular state. Details of the transmission schemes are given below: Sl Transmission...

Read More...

13 Projects of Coal India awaits environment clearances…

Thirteen coal mining projects of Coal India Ltd are pending with the environment and forests ministry for approval, Environment and Forests Minister Jayanthi Natarajan told parliament Tuesday.   "These projects have not been accorded environmental clearance as on date, due to non-submission of complete information," Natarajan said...

Read More...

Power finance companies may be hurt by new NBFC provision norms…

As per the note published by Bank of America Merrill Lynch, the Reserve Bank of India panel's new recommendations on lending and provisioning rules for non-banking financial companies could hurt power sector finance companies such as Power Finance Corp (PFC), Rural Electrification Corp (REC) as well as others like IDFC, Shriram Transport...

Read More...

Sahara, Korea join hands for power projects…

According to reports, Sahara India Power Corporation Ltd, in association with Korea East-West Power Co Ltd, will be setting up power plants through mega projects in India to generate 6,000 MW. The CEO of Sahara Power Ashok Bhargava and president & CEO of Korea East-West Power, Gil Gu, recently signed a memorandum of agreement (MoA)....

Read More...

Solar Power can meet 5-7% Power Requirement in India by 2021-22: As per KPMG Report…

A study published by KPMG, a global consulting company has forecast that solar power can meet 5-7% of India’s total power requirements by 2021-22. In a written reply to a question in Rajya Sabha today, Minister of New and Renewable Energy Dr. Farooq Abdullah said India has good potential for solar power as it receives solar energy equivalent...

Read More...

RPower sought shareholders’ approval for raising funds through QIP…

Anil Ambani Group firm Reliance Power has sought the approval of shareholders to raise funds through sale of up to 25 per cent shares to institutional investors for funding projects. It has also sought the nod for mopping up funds through issuing of securities in international markets, according to the company's annual report for...

Read More...

India to receive 200 Mn EURO loan from EU for Renewable Energy development…

India will receive a loan of 200 million euros from the European Union to finance private sector projects for the development of renewable energy resources. The EU's assistance comes as part of its "strategic partnership" with India and will be made available by the European Investment Bank (EIB) to ICICI Bank, India's largest private...

Read More...

Coal linkages: 974 power firms line up for supply…

The coal ministry has received applications for long-term coal linkage from central and state utilities, independent power producers (IPPs) and captive power producers (CPPs) for 974 power projects with a generation capacity of over 5.96 lakh Mw, as on July 31. Of the 974 applications, 107 are from central and state utilities for capacity...

Read More...

Spark’s Update on Suzlon Energy…

Suzlon Energy is turning out to be one interesting turnaround story. After a couple of loss-making years, it appears to be gearing up its businesses, as reflected by its financial performance in 2011 so far. In the March '11 quarter, Suzlon improvised upon its operating margins by more than 500 basis points y-o-y. The June '11 quarter also...

Read More...

GVK Power & Infra may raise debt to fund Australia’s Hancock buy…

As flagged by Spark earlier, GVK Power and Infrastructure, which will acquire two coal mines from Australia's Hancock Prospecting for about $2.2 billion, could likely fund the acquisition by raising debt without much strain on key financial parameters as the Hyderabad-based company's leverage is comfortably below industry peers. ...

Read More...