Among the 15-20 lenders to the company are Andhra Bank, ICICI Bank, Axis Bank, Canara Bank, and IDBI Bank, sources said.
In the current fiscal, NTPC plans to add 5,290 megawatts of capacity to its existing 54,326 mw.
Rosatom State Corporation is main equipment suppliers and technical consultants for the Kudankulam Nuclear Power Plant project.
India is the only country in the region where cost of producing solar power is almost 14% less than cost of electricity generated from coal.
“The intention of the chief minister was not to review all PPAs across the board. There was prima facie evidence that there was mala fide, corruption and kickbacks in some of the wind projects, which had not gone through the bidding process.
‘Muthu’ as he is popularly known in business circles had spent 17 years with Aditya Birla group.
In June, total overdue amount, which was not cleared even after 60 days of grace period, stood at Rs 30,552 crore against Rs 21,739 crore in June 2018.
It reviewed India's energy market and found some recent policy changes favourable for renewable energy investors.
WTO dispute resolution panel ruled in favour of India in a case saying that America's domestic content requirements provided by eight of its states are violative of global trade norms.
Sembcorp Energy India Ltd reported an 8 per cent rise in second-quarter net profit to 42 million Singapore dollar.
The SECI is the renewable energy ministry’s arm responsible for holding wind and solar auctions.
The state’s single window system cleared the proposal. It will be given a go-ahead by the state’s High Level Committee chaired by Chief Minister Naveen Patnaik soon.
$150-million deal to help co pare debt
Blocks will be awarded on the basis of the highest share of revenue offered to the government.
Against such a huge collection, however, only Rs 29,614 crore has been transferred to NCEF so far.
The ambassador’s missive to Jaganmohan Reddy comes on the heels of similar letters from power minister RK Singh.
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