PTC India FInancial and USICEF Partner to Finance Distributed Solar Projects in India

PTC India Financial and USICEF Partner to Finance Distributed Solar Projects in India

Indian infrastructure finance company, PTC India Financial Services (PFS), has partnered with the U.S.-India Clean Energy Finance (USICEF) to mobilize debt financing for distributed solar energy in India. This is ...
/ / Finance and M&A, Solar
Government Likely to Amend Electricity Act to Ensure that DISCOMs Enter PPAs

₹5.75 Billion Given to Six States to Curtail Their AT&C Losses Still Remain Unutilized

The Power Finance Corporation (PFC) has written to six states regarding the timely completion of implementing the supervisory control and data acquisition (SCADA) /distribution management system (DMS) under the government’s Restructured ...
/ / Grid, Market & Policy
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Power Finance Corporation’s Acquisition of 52% Stake in REC Approved

The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
/ / Markets & Policy, Solar
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
Low Tariffs in Solar Could Result in A Wave of Project Refinances: Panel Discussion

Low Tariffs in Solar Could Result in a Wave of Project Refinances: Panel Discussion

India has witnessed exponential growth in renewable energy installations in the past four years with cumulative installations rising from 3 GW to 25 GW during the  period. Over this period, ...
PFC Provides ₹13.5 Billion in Financial Aid to Bihar for Transmission Line Project

PFC Provides ₹13.5 Billion in Financial Aid to Bihar for Transmission Line Project

The Power Finance Corp (PFC), a government of India enterprise, has approved a financial aid of ₹13.5 billion (~$212 million) to Bihar for a transmission line project. The aid has ...
/ / Grid, Utilities
December 2017 Wrap-up_ New Developments in India’s Solar and Renewable Energy Sector

December 2017 Wrap-up: New Developments in India’s Solar and Renewable Energy Sector

A rundown of notable news covering everything from auctions and deals to tax developments from the month of December December proved to be a crucial month for India’s renewable energy ...
/ / Markets & Policy, Solar
National Power Portal Provides a Hub for Indian Power Sector Information

Newly Launched National Power Portal Provides a Hub for Indian Power Sector

The National Power Portal (NPP) – a centralized hub for the collation and dissemination of information on the Indian power sector – has been launched. The portal can be accessed ...
/ / Grid, Smart Grid
CEA Asks Utilities to Follow Advisory Mandating Use of Domestic Materials for Government Projects

CEA Asks Utilities to Follow Advisory Mandating Use of Domestic Materials for Government Projects

The Central Electricity Authority (CEA) has requested utilities to ensure that they follow the advisory mandating the use of domestic materials and equipment in government projects. Utilities in various states ...
/ / Modules, Solar