Exclusive: Azure Power may shelve US listing plan

July 27, 2016 | Rounak Kumar Gunjan

Azure Power Global Ltd may call off its $100 million US listing as planned earlier, said two people aware of the development.

JSW Energy inks $400 mn deal to buy Jaypee power plant

July 18, 2016 | TEAM VCC

Billionaire Sajjan Jindal-led JSW Energy Ltd has agreed to acquire a 500-megawatt thermal power plant from Jaiprakash Power Ventures Ltd for Rs 2,700 crore ($400 million) including debt, the two companies said on Monday.

GMR to sell two transmission projects to Adani

July 01, 2016 | TEAM VCC

GMR Energy Ltd (GEL) said on Friday it has entered into definitive agreements with Adani Transmission Ltd (ATL) to sell transmission projects Maru Transmission Services Ltd (MTSL) and Aravali Transmission Services Ltd (ATSL).

Govt looks at plan to rejig hydropower tariff

June 29, 2016 | Priyanka

Concerned over few takers for electricity generated from hydropower projects, the National Democratic Alliance (NDA) government is working on a strategy to make its tariff competitive vis-a-vis other sources such as thermal and renewable.

CLP picks 49% stake in Suzlon's solar project

June 20, 2016 | Anuradha Verma

CLP India Pvt. Ltd, one of the largest foreign investors in India’s power sector, has acquired a 49% equity stake in SE Solar, a solar power project of wind turbine maker Suzlon Energy Ltd, for Rs 73.5 crore, as per a stock market disclosure.

Govt bats for hybrid solar-wind power projects in draft policy

June 14, 2016 | TEAM VCC

The government has sought to boost hybrid solar and wind power projects in the country with incentives and a financing system to increase renewable energy sources while better using existing transmission infrastructure and land.

Tata Power to buy Welspun's renewable energy business for $1.4 bn

June 13, 2016 | TEAM VCC

Tata Power Co Ltd has signed an agreement to buy the renewable energy business of Welspun Group for Rs 9,249 crore ($1.4 billion) including debt, making it the top player in the green energy sector in the country.

Renewable energy capacity at 42.8 GW pips hydroelectric power

June 10, 2016 | PTI

Helped by policy initiatives and early stage private investments in solar and wind power, the renewable energy sector has for the first time surpassed the hydro power generation.

Greenko Energy to raise $230 mn from GIC, ADIA

June 07, 2016 | Anuradha Verma

Renewable energy firm Greenko Energy Holdings has signed an agreement to raise $230 million from an affiliate of Singapore’s sovereign wealth fund GIC and Abu Dhabi investment Authority (ADIA), as per a press statement.

Prism Cement to buy stake in BLA Power for $3.14 mn

June 06, 2016 | PTI

Prism Cement today said it will acquire 15.23 per cent stake in BLA power Pvt Ltd for Rs 21 crore, a move that will reduce the firm's production costs.

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