Daily Archive: October 29, 2015

India’s power utilities owe banks $90 billion

India’s state electricity utilities collectively owe Indian banks Rs 545,922 crore (or $90.5 billion), according to the Power Finance Corporation’s latest report. This is a sum equivalent to two-and-a-half times the defence budget; roughly six times...

Government eases VGF norms for grid-connected solar projects

The Government has decided to ease norms for releasing viability gap funding (VGF) under a scheme for setting up 1,000-MW grid-connected solar projects by central public sector undertakings and other government organisations. Now, half...

TVS Capital fund buys 4% in Indian Energy Exchange

TVS Shriram Growth Fund, the investment arm of TVS Capital Funds Ltd, has acquired a stake of about 4% in Indian Energy Exchange Ltd (IEX) from Bessemer Venture Partners for Rs.81 crore, the firm...

Power Pact: KSERC Refuses to Clear Plea

The Kerala State Electricity Regulatory Commission (KSERC) on Tuesday refused to entertain a petition seeking an extension of the power purchase agreement (PPA) between the Kerala State Electricity Board (KSEB) and BSES Kerala Pvt...