Hybrid annuity projects, renewable energy, slowing down on kharif acreage take precedence this week
By Abin Daya The power sector in India is one which has been classified as a ‘negative’ industry by a number of lenders due to the woes surrounding ailing thermal power producers. However, the renewable energy segment was always looked upon favourably due to the phenomenal growth exhibited in the past few years. This segment too might be going through a period of change as we see in this week’s update. While wind energy might be looking at a period of slow growth, changes in duty structures are what the solar power generators might have to encounter. On the infrastructure side, some good news for developers who have been trying to avail financing for projects under the Hybrid Annuity Model. While lenders ...
GMR Infrastructure and GEK TERNA to build Crete airport
The Dollar Business Bureau India’s GMR Infrastructure had bid along with Greece’s GEK TERNA last year to build an airport on the island of Crete, Greece. The bid priced at 480 million euros was well below the expected 850 million euros sources revealed. The final bid is yet to be disclosed but the news that a ‘financial offer was unsealed on Tuesday’ was revealed by an anonymous official to the media. Greece had attempted to build the Heraklion airport several times since 2010 but due to its 7 year financial crisis, there were no investors ready to put their money into it. This project a public-private one will finally replace the ageing airport at Heraklion. Heraklion is Greece’s second largest airport and ...
Cabinet approves finance scheme for infra projects abroad
Source: PIB, Government of India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to a scheme to enable EXIM Bank to offer concessional finance to support Indian companies bidding for strategically important infrastructure projects abroad. This will help Indian companies to bid for large projects abroad. The repayment of the loan would be guaranteed by the foreign government. The strategic importance of a project, to deserve financing under this scheme, will be decided, on a case by case basis, by a committee chaired by Secretary (DEA) and will have members from the Department of Expenditure, Ministry of External Affairs, Department of Industrial Promotion and Policy, Department of Commerce, Department of Financial Services and Ministry of ...
