Coal India Limited has approved revision of weighted average coal prices by 6.2 percent increase over the current price. This will be applicable to all subsidiaries of Coal India for both regulated and non-regulated sectors.
ONGC Videsh Ltd has taken a bridge loan of $1.2 billion from a group of foreign banks at a highly competitive rate of about 1.3 percent to fund its acquisition of 15 percent stake in Russia's second biggest oil field of Vankor. Banks including Citi, DBS, Mizuho, Standard Chartered and Sumitomo Mitsui Banking Corp have given a nine month loan to OVL (ONGC Videsh Ltd), the overseas arm of stateowned Oil and Natural Gas Corp (ONGC), at an interest rate of Libor plus 83 basis points.
BHEL has commissioned a 250 MW thermal unit in Maharashtra. The unit has been commissioned at Parli Thermal Power Station (TPS), located in Beed district in the Marathwada region of Maharashtra.
The Board of the World Bank has approved $625 million loan to support India's grid connected rooftop solar programme to generate clean energy. The Board also approved a cofinancing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund's (CIF) Clean Technology Fund.
Energy Efficient Services Ltd (EESL), a joint venture of NTPC, PFC, REC and Power Grid, plans to go public in the next 2 to 3 years and expand operations globally. The company plans to raise $1 billion through overseas bonds and domestic borrowings.
Azure Power has commissioned solar power plants with a total capacity of 88 MW in three states across the country. The projects include a 50 MW plant in Andhra Pradesh, two plants of total capacity of 28 MW in Punjab and a 10 MW plant in Karnataka.
Gamesa India, wind turbine manufacturer, has bagged a contract from ReNew Power for supply of 20 custom made G97 turbines of 2 MW each for a 40 MW project in Karnataka.
Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New and Renewable Energy has released Report of the Technical Committee on Large Scale Integration of Renewable Energy, Need for Balancing, Deviation Settlement Mechanism (DSM) and associated issues here today. Ancillary Services Operations in India is also launched.