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