PTC India Financial Services (PFS) plans to raise up to Rs 150 crore through issue of tax-saving bonds in the current fiscal.
Category: Power & New and Renewable Energy
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Sterlite bags Rs 29-bn transmission project
Sterlite Transmission Projects has won the Rs 2,900-crore power transmission project, by far the biggest one to be awarded through the competitive bidding route in the country.
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Clean initiatives
When Elizabeth Littlefield was appointed by President Obama as the 10th President and CEO of Overseas Private Investment Corporation (OPIC), little was known about her role in providing the much needed support to the clean energy projects in India.
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Coal-rich nations' policies to hit power cos
Development of new proÂjeÂcts could face problems from the regulatory reforms being undertaken by coal-rich nations - from where the fossil fuel is sourced.
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Coal shortage to hit power addition plan
Shortage of coal is expected to impact the country's new capacity addition plans to the tune of 15,000 MW in the current fiscal.
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Solar power can meet 5-7% power requirements
A study published by KPMG, a global consulting coÂmpany, has forecast that solar power can meet 5-7 per cent of India's total power requiremÂents by 2021-22.
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Customs duty waiver to power projects
On the basis of a provisional certificate issued by the Finance Ministry, duty-free import of power equipment by mega power project developers is set to be allowed qualifying the developers for a waiver.
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NTPC to invest Rs 1 tn in hydel projects
NTPC plans to invest about Rs 100,000 crore over 10 years to set up the country's largest hydro power project.
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$648 mn WB loan for THDC hydropower project
The World Bank (WB) signed a $648 million loan agreement with THDC India to build the Vishnugad Pipalkoti hydro electric project on the AlaknÂanda river in Uttarakhand.
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Jindal to set up largest IWT system
For creating and operating infrastructure for transportation of coal, required for NTPC's power plant at Farakka, West Bengal, through inland waterways, Jindal ITF and NTPC have entered into a strategic agreement.