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Moody's changes power sector outlook from negative to stable Kolkata: Moody’s Investors Service and its Indian affiliate, ICRA expect stable outlook for the Indian power sector over next 12 to 18 months, and have changed their view on the sector from negative to stable, on back of improvement in domestic...

Economic Times January 13, 2017

EDF upbeat on India's renewable energy plan New Delhi: Mr Jean-Bernard Lévy, Chief Executive Officer, EDF Group, has stated that India is among the top five focus areas for the company, and would remain committed to investing around US$ 2 billion on renewable energy projects in the coun...

Economic Times January 11, 2017

Tamil Nadu becomes 21st State to join UDAY New Delhi: Tamil Nadu has become the 21st state to join the Government of India’s power utility turnaround scheme, Ujwal Discom Assurance Yojana (UDAY), which would enable the state to receive benefits worth Rs 11,000 crore (US$ 1.61 billion) b...

Press Information Bureau January 10, 2017

World Bank's IFC invests US$125 million in Hero Group renewable energy unit Mumbai: International Finance Corporation (IFC), along with IFC Global Infrastructure Fund, the private equity fund of IFC Asset Management Company, has announced investment of US$ 125 million equity in Hero Future Energies, which will help the firm ...

Livemint January 06, 2017

Power transmission investment likely to be at ~2 lakh crore: CEA New Delhi: The Central Electricity Authority (CEA) expects investment in India's power transmission sector to reach Rs 2.6 trillion (US$ 38.2 billion) during the 13th plan (2017-22), and to enhance the transmission capacity of the inter-regional ...

Business Standard January 03, 2017
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