It said that the draft rules aim to provide clarity on open access charges and will help streamline the overall approval process New Delhi : The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented, could improve the certainty of cash flows for new […]
Discom Losses to Be 40 Per Cent Above Pre-Pandemic Levels: Crisil
It added the costs are also likely to surge primarily because of higher interest burden because of ballooning debt New Delhi : Cash losses of power distribution companies (discoms) will remain elevated at around Rs 46,000 crore this fiscal, or 40 per cent higher than the Rs 33,000 crore seen in the pre-pandemic levels of […]
About 7 GW of Unsigned PSAs Pose Risk to Renewable Energy Targets: CRISIL
This capacity is yet to be signed because subsequent auctions saw tariffs plummeting and even falling below Rs 2 in December 2020. New Delhi: Delays in power supply agreements (PSAs) for about 7 gigawatt (GW) of the bid out renewable energy projects might lead to 35 per cent shortfall in the 160-GW renewable energy capacity […]
7 GW of Unsigned Power Supply Agreements Pose Risk to RE Targets: Crisil
Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main reasons that may lead to 35 per cent shortfall in 160 GW renewable energy capacity target. Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one […]
Global Infrastructure Partners’ Indian renewables platform gets ‘‘Provisional CRISIL AAA/Stable” rating
Vector Green Energy, the Indian renewables platform wholly owned by funds managed by Global Infrastructure Partners (“GIP”) in India, has been awarded the highest rating of ‘AAA/stable’ by CRISIL for a group of its solar power generating plants (“Restricted Group”). As per CRISIL – “Instruments with this rating are considered to have the highest degree […]
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Payment risk from discoms resurfaces for wind projects in four states: CRISIL
Added that sustained delays could put Rs 30,000 crore of debt in stress New Delhi: Payment risk from discoms has resurfaced for wind power projects, with Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh toting up dues of Rs 5,450 crore to 156 renewable projects as of January 2021, according to CRISIL. It added that this […]
Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr
The company has reported a loss of Rs 76.97 lakh in 2019-20 According to a Crisil report last September, the group is currently developing 75 Mw (about 40 per cent of overall capacity) of group captive solar power plant under PSEPL for Ashok Leyland. Hinduja Group’s flagship company Ashok Leyland Ltd (ALL) has invested Rs 18.66 crore […]
Crisil upgrades rating on Tata Power NCDs, long-term bank facilities
The outlook on the rating has been revised to ‘stable’ from ‘positive’. The rating on Tata Power’s commercial paper programme has been reaffirmed at Crisil A1+, it said New Delhi: Tata Power on Thursday said Crisil has upgraded its rating on the company’s non-convertible debentures and long-term bank facilities. “Crisil has upgraded its rating of […]
COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors
The exodus of migrant labourers from major metro cities has given rise to a shortage of non-technical workers working in the energy industry and even if the government opts for a staggered lifting of the lockdown, the process of remobilisation would pose challenges for companies New Delhi: The COVID-19 pandemic has pushed the country under […]