Gegadyne Energy Labs, a company specialising in quick battery charging technology, has announced that it has raised Rs 334 million from V-Guard Industries in a ‘Series A’ round of investments. The company announced that the […]
The Union Cabinet has approved an investment of Rs 52.81 billion for the development of the 850 MW Ratle Hydropower project which is on the Chenab river in the Kisthwar district of Jammu & Kashmir […]
Indian power transmission developer, Sterlite Power has Rs 2 billion in debt financing from Allianz Global Investors to fuel focusing on sustainable investments. The amount was raised in the form of a non-convertible debenture with […]
A Pune-based multinational infrastructure company, Bharat Forge has made an equity investment ofRs28.7 million inAvaada Renewable’s special purpose vehicle (SPV)AvaadaSataraMH (ASPL). This amount has been invested against purchase of solar power from Avaada as a […]
A 50:50 partnership has been announced by Australia-based investment manager AMP Capital, with Sterlite Power, a power transmission infrastructure developer in India. Both companies will invest $150 million each to develop four transmission projects in […]
The Asian Development Bank (ADB) has approved a loan of $231 million for the development of the Lower Kopili Hydroelectric power project in Assam. The project is located in the Kopili river and will have […]
Ayana Renewable Power Private Limited has raised $390 million in equity funding from its key backers. The biggest contributor was from the National Investment and Infrastructure Fund (NIIF) which invested $284 million. The investment comes […]
SJVN limited and the Indian Renewable Energy Development Agency (IREDA) has announced the signing of a memorandum of understanding (MoU) to promote green energy projects in the country. As per the agreement, IREDA will assist […]
The Asian Development Bank (ADB) has approveda loan of Rs 13.9 billion to upgrade the power distribution system in Bengaluru, Karnataka. Of the total amount, Rs 7.36 billion will be a sovereign loan and the […]
The Assam Power Distribution Corporation Limited (APGCL) has invited an expression of interest from financial institutions for advancing a term loan to fund the development of a 25 MW solar park. APGCL is looking to […]
Orient Cement, a subsidiary of the CK Birla Group announced that it would acquire a 26 per cent stake in AMPSolar Systems. As per the agreement, Orient entered into a share purchase, subscription, and shareholders […]
The Global Renewable Energy Development Holding Company Limited (GREDHCL) has agreed to terms with Senvion GmbH for the acquisition of its Indian operations, Senvion India. The transaction will see GREDHCL acquiring complete ownership of Senvion […]
The Asian Development Bank (ADB) has approved a $562.8 million loan to strengthen the quality and reliability of electricity supply in Uttar Pradesh and Meghalaya. Of the total amount, $430 million has been approved for […]
ReNew Power has authorised the sale of its wind farms in Karnataka to Ayana Renewable for Rs 16 billion. The wind farms, aggregating 300 MW, are located in the Raichur, Bijapur, Belgaum and Bellary districts […]
The Cabinet Committee on Economic Affairs has approved an investment of Rs 1.8 billion for the development of the 210 MW Luhri Stage 1 hydro electric project, situated on parts of the Sutlej river in […]
NTPC Limited has agreed to the terms of the Japan Bank for International Cooperation (JBIC) to secure a foreign currency loan of around $482 million. The Japanese government-owned bank has offered the funding under its […]
ReNew Power has raised nearly $325 million through the sale of overseas green bonds. The independent power producer set the overseas bonds at a coupon rate of 5.375 per cent along with a maturity period […]
Deutsche Investitions und Entwicklungsgesellschaft (DEG), a German development finance institution, has committed $10 million to Avaada Energy Private Limited for the development of 4.3 GW of renewable capacity by 2022. The funds will be used […]
ReNew Power has authorised the sale of its wind farms in Karnataka to Ayana Renewable for Rs 16 billion. The wind farms are located in Raichur, Bijapur, Belgaum, and Bellary districts of Karnataka and aggregate […]
State-owned power producer, NTPC Limited, agreed to terms with the Japan Bank for International Cooperation (JBIC) for a foreign currency loan to the tune of $482 million. Japanese Government-owned bank has offered the funding under […]
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