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ReNew Power sells Karnataka wind farms to Ayana Renewable for Rs 1600 crore

By : Sustainability ..., Nov 10, 2020

ReNew Power has sold its Karnataka wind farms to UK-government backed Ayana Renewable for Rs. 1600 crore, according to people aware of the matter. The two parties signed definitive agreements...

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Rs 90k crore package for DISCOMs not enough, dues cross Rs 1 lakh crore

By : Sustainability ..., Jul 7, 2020

The Centre's Rs 90,000 crore liquidity window to financially stressed state discoms for clearing their mounting dues to...

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Subject Tags: debt , DISCOMS

Tata Power eyes Rs 3,000-crore divestment, revamp of green assets to cut debt

By : Sustainability ..., Jun 2, 2020

Tata Power Company hopes to raise about Rs 3,000 crore from divestment of non-core operations and restructuring the renewable energy business with an aim to cut debt by at around 40% this financial year. The company, which has an installed capacity of 12,742 megawatts, hopes...

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Proposed Carbon Tax Waiver On Coal May Pose Risks To India's Renewables Growth: Fitch

By : Sustainability ..., Jan 7, 2020

Fitch Solutions on Monday said that the centre's proposed carbon tax waiver on coal may pose substantial downside risks to India's renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (...

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Centre, Andhra reach a compromise on green contracts

By : Sustainability ..., Nov 29, 2019

The Centre and Andhra Pradesh have reached a compromise to end the impasse over the Y.S. Jagan Mohan Reddy-led government’s controversial decision to reopen renewable energy contracts inked by the previous state government. The compromise was struck during a meeting attended...

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India asks state-run firms to clear over $1 billion owed to green energy firms - sources

By : Sustainability ..., Nov 27, 2019

India has asked state lenders to provide over $1 billion to government power distribution companies to clear longstanding debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday. The companies owe solar and wind...

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cKers Finance paves way for innovative sustainable energy project financing: makes 5 investments and looks for more

By : sustainabilityo..., Dec 8, 2017

Recently launched cKers Finance (pronounced ‘seekers’) has made a series of 5 investments in quick succession. They cover several emerging segments: rooftop solar, solar home systems and solar...

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Moser Baer Solar requests Central Bank to defer loan repayment schedule

By : sustainabilityo..., Sep 15, 2017

Moser Baer Solar (MBSL) has requested public sector lender Central Bank of India to defer its loan repayment schedule and allow the company to run on a ‘going concern’ basis. The company is...

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In a first, Kerala Electricity Board to use drones for curbing power leakage

By : sustainabilityo..., Aug 28, 2017

In order to plug leakages, a recurrent source of power failure and loss in revenue, Kerala State Electricity Board (KSEB) will use drones to identify breakages, loose contact and encroachments in high transmission lines. In a first-of-its-kind initiative in India, the board...

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