Daily Archive: August 16, 2013

U.K. Prefers Telefonica for Biggest Smart Meter Deal

Spain’s Telefonica SA (TEF) is the preferred bidder for two smart metering communications contracts worth 1.5 billion pounds ($2.33 billion), the U.K. government said, granting the industry’s biggest deal yet. Telefonica’s unit in Britain is favored...

Now, private power firms may shock banks

Lanco Infratech’s recent talks with bankers to get its Rs 9,000-crore domestic debt restructured might not be a one-off instance of power-business stress leading a company to corporate debt restructuring (CDR). Many power assets...

Delhi power company struggles to pay dues as blackouts loom

Gopal Saxena, the chief executive of power distribution company BSES Rajdhani Power Ltd (BRPL), run by Anil Ambani-controlled Reliance Infrastructure Ltd, faces a tough choice. He could break a mandate to supply around-the-clock electricity...