250 MW solar project in India reaches US$145 million financial close
Mahindra Renewables Pvt. Ltd., a wholly owned subsidiary of Mahindra Susten Pvt. Ltd., has achieved financial close of its 250 MW solar power project, to be located in the Rewa district of Madhya Pradesh. The company has received project debt amounting to INR7.5 billion (US$114.8 million) from YES BANK Ltd and up to INR2 billion (US$30.6 million) from other financial institutions.
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Country news
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March 19, 2018
India set to meet ambitious solar targets with another 3 GW tender
In what seems like a race to meet the Government of India's ambitious target of commissioning 15 GW of solar power in the 2017-18 financial year (ending in March), various organisations have recently issued tenders for a cumulative capacity of 2,950 MW to be located across the country. This adds to the 7,225 MW solar tenders announced since the start of 2018.
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March 15, 2018
Sembcorp wins 300-MW wind project in Gujarat, India
Sembcorp Energy India Ltd has been awarded a 300-megawatt project in a country's wind power auction conducted recently.
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March 13, 2018
Six winners in 500 MW wind tender in India
A 500 MW wind tender conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has attracted bids as low as INR2.85 (US$0.044)/kWh. The maximum tariff permitted in the tender was INR3/kWh (US$0.046).
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March 06, 2018
India continues solar surge with 3000 MW tender
The Solar Energy Corporation of India (SECI), a Government of India Enterprise under the administrative control of the Ministry of New & Renewable Energy, has issued a Request for Selection for the development of 3000 MW grid-connected solar PV projects, through a build, own, operate (BOO) framework.
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February 08, 2018
Sterlite Power buys out its transmission business
Sterlite Power has acquired a 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity (SCPE) for INR10.1 billion (US$157 million). With this acquisition, Sterlite Power holds 100% stake in the business.
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