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Tata Steel: In its outlook for 2021, MD & CEO TV Narendran said the company is optimistic about demand for steel in India. The company expects steel demand to grow proportional or higher to the GDP growth in FY22. It also expects global steel prices to remain firm as China is not expected to export large volumes.
Adani Green: Adani Solar Energy Kutchh Two Private Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL) has commissioned a 100 MW solar power project at Khirsara, Gujarat, ahead of the schedule. The project has a power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.44/kWh (unit) for 25 years.
Adani bids for entire 6.4GW solar tender
Bidders had until Tuesday to submit their offers.Premium
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The Adani Group has bid for the entire 6.4 gigawatts (GW) capacity aimed at powering the farms of Andhra Pradesh as part of India’s largest solar tender, said two people aware of the development.
The other bidders are Andhra Pradesh-based Sri Sai for 5.8GW, NTPC Ltd (1.8GW), Torrent Power Ltd (300MW) and HES-SSISPL (600MW). Bidders had until Tuesday to submit their offers.
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The tender comes against the backdrop of India’s solar tariffs falling to a record low of ₹1.99 per unit at an auction conducted by Gujarat Urja Vikas Nigam Ltd in December. The rates are expected to decline further due to lower cost of financing and investors being flush with capital. A reverse bid auction will be held by the Andhra Pradesh Green Energy Corp. Ltd, th
Indian PV auction delivers final record low price of $0.0269/kWh
The solar electricity price in India has dipped further to an all-time low of INR 1.99 ($0.0269)/kWh in a recently held 500 MW Gujarat auction, which is 0.5% lower than the previous record of INR 2.00/kWh set a month ago.From pv magazine India News agency PTI has reported that the 500 MW solar auction by Gujarat Urja Vikas Nigam Ltd has yielded a new record low tariff of INR 1.99 ($0.0269)/kWh in India. The new tariff is 0.5% lower than the previous record of INR 2.00/kWh secured in a 1.07 GW auction held by the Solar Energy Corporation of India (SECI). The 500 MW procurement exercise saw state-run .
Actis, Brookfield look to buy Mahindra’s EPC, solar assets
The development follows Mahindra and Mahindra Ltd’s announcement that it plans to take 10 of its most promising units, including Mahindra Susten, public in the next 5-7 years. AFP
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Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets, said two people aware of the development, seeking anonymity. The deal is valued around $500 million, they added.
The sale of Mahindra Susten’s assets, and the EPC business is being handled by EY.
India: Actis, Brookfield eye Mahindra’s EPC, solar assets in deal valued at $500m
Photo: Pixabay Premium
Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets, said two people aware of the development, seeking anonymity. The deal is valued around $500 million, they added.
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