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| 09 August, 2020, 01:56 AM IST | E-Paper
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    Private equity firm KKR withdraws intention to sponsor India Grid Trust

    According to the deal terms, KKR affiliate Esoteric II Pte got 23% units of the trust with an option to buy a further 15% by July 15 this year. However, KKR has not purchased the additional stake before the agreed upon deadline, IndiGrid said in a disclosure to the bourses.

    India's power transmission segment may attract Rs 1.8 lakh cr investment by FY25: Report

    "ICRA expects an investment of Rs 1.8 trillion (Rs 1.8 lakh crore) over the five-year period from FY21 (financial year 2020-21) to FY25 in the power transmission segment at an all-India level, driven by evacuation infrastructure for RE projects," the rating agency said on Friday in the report.

    BHEL begins civil works at 660-MW Sagardighi thermal power plant in West Bengal

    Valued at approximately Rs 3,500 crore, the turnkey order for Sagardighi Thermal Power Project Extension Unit-5 was won by BHEL against stiff international competitive bidding.

    BSES discoms launch air conditioners and fan replacement scheme

    Under the scheme, consumers in south, west, east and central Delhi can exchange their old ACs with the new energy-efficient five-star rated ACs at a substantial discount of up to 64 per cent.

    Power sector engineers to observe 'protest day' on August 18 to oppose Electricity Amendment Bill, 2020

    Earlier this year, the Ministry of Power had circulated the draft Electricity Amendment Bill, 2020 for feedback. Besides, the government had announced its decision to privatise discoms in union territories and some states.

    Tata Power, Azure Power and O2 Power emerge winners in NTPC auction

    The biggest winners in the auction were O2 Power, Azure Power and Tata Power. They won capacities of 400 MW, 300 MW and 370 MW respectively. The lowest winning tariff was Rs 2.43 per unit.

    Sterlite Power to focus on renewable energy, says company's MD Pratik Agarwal

    The government is likely to issue tenders worth Rs 20,000 crore to 30,000 crore for renewable energy transmission projects in the current financial year, compared to nil 10 years ago.

    Centre's decision to extend ISTS waiver welcomed by renewable energy industry

    This order applies to solar, wind, and hybrid projects, and includes storage projects as well. Obligated entities can also avail of the waiver to fulfill their renewable energy obligations (RPO).

    Considering 5% interest subvention for solar manufacturing: R K Singh

    The power minister said high capital cost is a deterrent to boosting local manufacturing capacity and advocated that if India has to import it should do so from any country other than China.

    Offer rebates to get faster payments: UP to private power plants

    The payments are being done through loans being provided by Power Finance Corp and REC Ltd under the Centre's Rs 90,000 crore liquidity infusion package under Atma Nirbhar scheme.

    Lenders nominate a resolution professional to administer under stress Essar's Mahan project

    Lenders nominate a resolution professional to administer under stress Essar's Mahan project

    The lenders that include ICICI Bank and Punjab National Bank have picked Jet Airways' current administrator Ashish Chhawchharia to manage the affairs of the Essar power plants located in the Singrauli district of Madhya Pradesh, sources said. Essar Power Mahan has power supply contracts with Essar Steel.

    Energy Efficiency Services Ltd cancels smart meters order to Chinese firm

    Energy Efficiency Services Ltd cancels smart meters order to Chinese firm

    State-run Energy Efficiency Services Ltd (EESL) has cancelled Rs 500 crore contract placed on a China-backed PT Hexing as it failed to comply with the local content norms.

    Average spot power price down 27% to Rs 2.47/unit in July on Indian Energy Exchange

    Average spot power price down 27% to Rs 2.47/unit in July on Indian Energy Exchange

    The market continued to see high sell side liquidity. The total sell bids at 9,734 MU were close to 1.9X of the buy bids which stood at 5,199 MU.

    Implementation of Basic Customs Duty on Chinese solar imports to be delayed by at least two weeks

    Implementation of Basic Customs Duty on Chinese solar imports to be delayed by at least two weeks

    Last month, union power and renewable energy minister RK Singh had told reporters and industry stakeholders that projects signed before August 1 would be eligible for a "grandfather" clause, which would have allowed renewable energy firms to claim reimbursements on the duty they have paid while importing equipment from China.

    Ayana Renewable Power acquires two solar power assets of First Solar in Karnataka

    Ayana Renewable Power acquires two solar power assets of First Solar in Karnataka

    "The 100 per cent acquisition of the two projects, located in Karnataka, is part of its strategic mission to deliver high-quality projects organically and inorganically, to create value for its shareholders," it said. India InfraDebt financed the acquisition, the company said.

    JSW Energy pulls the plug on thermal asset expansion, focus on green energy now

    JSW Energy pulls the plug on thermal asset expansion, focus on green energy now

    The company has a stated plan of scaling up its capacity to 10 gigawatts in the next 3-5 years from 4,559 mw now. While the capacity addition plan does not change, the company will now focus on renewable energy projects to add renewable energy projects.

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