Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.
India’s largest power utility NTPC has signed a MoU with Hazipur-based East Central Railway Zone for transportation of fly-ash under the Indian Railways’ Special Freight Train Operator (SFTO) scheme. NTPC thus became the first entity in the country to sign an SFTO agreement with Indian Railways. The fly-ash will be transported by Bogey Tank For Alumina Powder (BTAP) rakes, which are leakproof wagons with special air fluidising system.
State-owned Indian utility NTPC is playing a key role in India’s push toward retooling its electricity-generation system, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The credit policy has fixed the maximum all inclusive cost for masala bonds. CARE Ratings has put together some information on companies which have borrowed such funds and the cost incurred as interest on them. it will be interesting to see as to how firms react to this new norm as they compare these rates with domestic borrowing costs.