Daily Archive: July 4, 2016

TANGEDCO ranking slips to ‘C+’

Key concerns like huge cash losses, lack of power reforms and deterioration in Aggregate Technical & Commercial losses (AT&C) losses have forced a downgrading of Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO) in...

Saudi Arabia keen to expand China energy investments

RIYADH: Saudi Arabian energy minister Khalid al-Falih said late on Friday said his country wants to expand its investments in China’s energy industry as part of the world’s top oil exporter’s efforts to boost...

Sweden backs Vattenfall exit from German coal unit

Stockholm | July 2, 2016: Sweden gave the green light Saturday for state-owned energy giant Vattenfall to sell its German coal operations, as the company moves away from activities blamed for climate change. The...

Attractive Uday bonds a good place to park funds

MUMBAI:Insurance companies want to invest in the Ujwal Discom Assurance Yojana (Uday) bonds that have been floated to rescue debt-laden state power distribution companies. The insurers say these longer-term instruments offer better returns than...

Fortum India eyeing greenfield solar projects

NEW DELHI: Having a plan to invest up to 400 million euros in solar projects in India, Finnish firm Fortum is looking at greenfield plants to maximise its returns. “Our keenness is that we...