power-sector

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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition...

December 4, 2023

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Staff

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Other

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Renewable Energy
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Daily News Wrap-Up: Chinese Companies Dominated Solar Module Supplies in 2022

Jinko Solar, Trina Solar, Adani Solar, LONGi Solar, and JA Solar were the top solar module suppliers in the calendar year 2022, according to Mercom’s recently released...

May 30, 2023

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Mercom Staff

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Daily Wrap-up
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REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

REC Limited, a public infrastructure finance company, has approved ₹220 billion (~$2.78 billion) for the power utilities of Jharkhand, Rajasthan, Chhattisgarh, and Jammu...

August 5, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Daily News Wrap-Up: Ten States Get Additional ₹282.04 Billion to Reform Power Sector

Here are some noteworthy cleantech announcements of the day from around the world: The Department of Expenditure, Ministry of Finance, granted additional borrowing...

April 8, 2022

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Satish Shetty

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Other

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Renewable Energy
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REC Limited Raises $1.175 Billion to Provide Low-Cost Financing for Power Projects

REC Limited, a public infrastructure finance company, involved in financing power projects, has raised $1.175 billion (~₹82.45 billion) from a consortium of seven banks...

January 14, 2022

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Rakesh Ranjan

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Finance and M&A

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Other
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Ministry Directs Electricity Regulators to Ensure Timely Issue of Tariff Orders

The Ministry of Power has issued a notification directing the state electricity regulatory commissions (SERCs) to issue tariff orders for the financial year (FY) 2020-21...

May 4, 2021

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Rakesh Ranjan

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Grid

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Market & Policy
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Five More States Become Eligible for Power Sector’s Reform-Linked Borrowings

Reform-linked borrowings have provided the necessary impetus for reforms in the power sector in many states in the country. According to the latest figures released by...

March 2, 2021

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Rakesh Ranjan

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AT&C

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Grid
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PFC and REC Get Relaxation on Loan Disbursal for DISCOMs under UDAY Program

The Government of India (GOI) has approved a relaxation for Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) that have been tasked with...

August 21, 2020

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Staff

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Markets & Policy

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Solar
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REC Releases Details for Bailing Out Power Distribution Companies Amid Coronavirus Crisis

The Rural Electrification Corporation Limited (REC) has announced an opportunity for the distribution companies (DISCOMs) to avail loans to clear their dues. The loans...

May 20, 2020

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Rakesh Ranjan

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Grid

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Market & Policy
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BlackRock Raises $5.1 Billion for Renewable Energy

BlackRock’s Global Energy and Power Infrastructure Fund has achieved a $5.1 billion fundraise for Global Energy & Power Infrastructure Fund III (GEPIF III), making...

April 17, 2020

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Rakesh Ranjan

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Finance and M&A

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Other
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Committee on Energy Expresses Disappointment Over Budgetary Cuts for Ministry of Power

The Standing Committee on Energy recently presented its fourth report on the Demands for Grants of the Ministry of Power for the year 2020-21. The report shows a...

March 20, 2020

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Anjana Parikh

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Markets & Policy

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Other
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Privatizing DISCOMs the Way Out of their Financial Mess

The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power...

January 27, 2020

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shaurya

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Mercom Research Focus

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Other
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African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the...

May 28, 2019

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Saumy Prateek

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Finance and M&A

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Other
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India Needs to Spend $39 Billion on Transmission Infrastructure Revamp

India is one of the fastest growing economies in the world with increasing power demand in the coming years. Historically, the country has also been a power deficit with...

March 18, 2019

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shaurya

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Grid

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Grid Optimization
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Government Proposes $700 Million Plan for EV Infrastructure Revamp in the Next 5 Years

Recently, the Ministry of Power (MoP) in a meeting with the Fifteenth Finance Commission in New Delhi, proposed measures to support the development of Flue Gas...

February 22, 2019

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shaurya

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Electric Vehicles

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Market & Policy

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