China’s Jiangsu Longzhe offers to invest $125 mn in Diamond Power

May 17, 2016 | TEAM VCC

Jiangsu Longzhe Technology and Trade Development Co Ltd has offered to invest $125 million (about Rs 825 crore) in Diamond Power Infrastructure Ltd, the Indian electrical-equipment maker said.

Power transformer maker Marsons to pick stake in Dubai-based firm

May 13, 2016 | Anuradha Verma

Kolkata-based power transformer maker Marsons Ltd has agreed to acquire a considerable equity stake in a Dubai-based trading company for about $5 million, as per a stock market disclosure.

GMR to sell 30% stake in energy unit to Malaysia’s Tenaga for $300 mn

May 09, 2016 | Anuradha Verma

GMR Infrastructure Ltd will sell a 30% stake in unit GMR Energy Ltd to Malaysian utility Tenaga Nasional Berhad for $300 million (about Rs 2,000 crore).

The funds will mainly be used to repay debt, GMR Infrastructure said in a stock-exchange filing.

NTPC plans to offer 15-day paid leave to employees at remote sites after every two-and-a-half-month stint

May 06, 2016 | Priyanka

In an attempt to keep its staff motivated at far-off project sites spread across the country, state-owned NTPC Ltd has taken a leaf out of Oil and Natural Gas Corp. Ltd’s playbook.

NTPC may cut power supply to large parts of Delhi citing pending dues from BSES

May 04, 2016 | Priyanka

In what may affect large parts of the national capital, state-run NTPC Ltd on Wednesday said that it plans to stop electricity supplies to BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) over pending dues.

JSW Energy to buy Jindal Steel's power plant for $975M

May 04, 2016 | TEAM VCC

Sajjan Jindal-led JSW Energy Ltd has agreed to acquire a 1,000-megawatt thermal power plant in Chhattisgarh from Jindal Steel & Power Ltd, controlled by his brother Naveen Jindal, for up to Rs 6,500 crore ($975 million) including debt, the two companies said on Wednesday. 

Exclusive: Bessemer Venture Partners exits Indian Energy Exchange

May 03, 2016 | Vijayakumar Pitchiah

Global multi-stage investment firm Bessemer Venture Partners (BVP) has sold its remaining stake in Indian Energy Exchange (IEX), marking the second such multi-bagger exit from its Indian portfolio in the past one year, a person with direct knowledge of the development told VCCircle.

Blackstone-backed NCC to sell more stake in power project to Sembcorp

April 30, 2016 | TEAM VCC

NCC Ltd has signed a pact to sell some more stake in Sembcorp Gayatri Power Ltd (SGPL) to Singapore's Sembcorp Utilities Pte Ltd for Rs 301.26 crore (about $45.4 million) in the second tranche of a transaction agreed last month.

India negates apprehensions about low solar power tariff sustainability

April 29, 2016 | Priyanka

At a time when apprehensions are being raised about the sustainability of India’s solar power tariffs, the government and its executing agencies are of the view that “there is no cause for worry”.

ADB to lend up to $175M to renewable energy firm Mytrah

April 28, 2016 | Joseph Rai

Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects.