Power distribution companies’ dues to power producers rise by 10% to Rs 82,000 crore by March 2021

State-run electricity distribution companies’ (discoms) ‘overdues’ — pending receivables of 45 days or more — to power producers stood at Rs 82,400 crore at the end of March 2021, up 10.3% from a year earlier. The dues would have been much higher, but for the loans provided by Power Finance Corporation (PFC) and Rural Electricity […]

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Adani Green ready with $1.35 billion fund to finance 1.7 GW hybrid renewable projects

Adani Green Energy has raised $1.35 billion in foreign loans from 12 international banks to finance hybrid (wind+solar) renewable projects in Rajasthan. The revolving project finance facility would initially finance the 1.69 GW hybrid portfolio of solar and wind renewable projects to be set up in four SPVs (special purpose vehicles) in Rajasthan, AGEL said in […]

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