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ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project, signalling that local lenders that lost money having advanced large funds to power plants a decade ago are finally beginning to extend loans to them - but to only those with a robust equity component in the capital structure.
The project is set to reinforce the green energy corridor initiative and accelerate the adoption of sustainable energy solutions.
Ncondezi Energy Limited (LON:NCCL – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.81 ($0.01) and traded as low as GBX 0.80 ($0.01). Ncondezi Energy shares last traded at GBX 0.83 ($0.01), with a volume of […]
THE Department of Energy (DoE) cited the renewal of the Malampaya service contract as one of the major accomplishments of the current administration, which focuses on utilizing indigenous energy sources for reliable, stable and affordable electricity supply.
THE Department of Energy (DOE) cited the renewal of the Malampaya service contract and enforcement of renewable energy (RE) policies as among the major accomplishments of the current administration, which has been pushing for energy security amid rising world oil prices. In a report, the agency said the extension of Malampaya’s Service…