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Tuesday, 23 January 2018

Neyveli secures power station loan

PFI Issue 616 - January 10, 2018

Local newspaper reports say a consortium of Power Finance Corporation, Rural Electrification Corporation (REC) and State Bank of India (SBI) will lend Rs11,067 crore to the Neyveli Lignite Corporation’s 1,980MW coal-based thermal power station in Ghatampur, Uttar Pradesh.

Sindh plans first solar auction

PFI Issue 616 - January 10, 2018

The provincial government of Sindh is planning its first solar auction – the procurement of a 50MW solar energy plant on a PPP basis. It is currently consulting with solar power developers via the World Bank.

Mitsubishi buys stake in Cube Highways

PFI Issue 616 - January 10, 2018

A consortium anchored by Mitsubishi has bought a 20% stake in Cube Highways & Infrastructure, according to a statement from Mitsubishi.

Chhattisgarh power station sale attracts interest

PFI Issue 616 - January 10, 2018

The lenders to the 1,370MW GMR Chhattisgarh thermal power plant are encouraged by the interest in their proposed sale of a majority stake in the plant, with Adani Power, Sembcorp and Neyveli Lignite expressing interest, according to reports.

India Railways to offer solar PPA

PFI Issue 616 - January 10, 2018

Solar Energy Corporation of India (SECI) is reported to be ready to build a 1,050MW solar park in Madhya Pradesh with Indian Railways preparing to offer a corporate power purchase agreement (PPA).