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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 ...

The Dollar Business Bureau Lanco Infratech on Tuesday reported a net loss of Rs.813.66 crore during October-December 2016-17, dragged down by a decline in its operational income. The company had registered a net profit of Rs.35.48 crore during the same period in 2015-16. Lanco Infratech announced in a BSE filing that the company’s total operational income slumped to Rs.1,740.31 crore during the third quarter of the current financial year, from Rs.2,168.48 crore during a year ago period. Lanco Infratech has operations across five sectors: engineering procurement and construction (EPC), infrastructure and property development, natural resources, power and solar. The company’s power (66%) and EPC (12%) sectors together contribute to 78% of its gross revenues. Its total outstanding receivables were Rs.1,396.70 crore ...

The Dollar Business Bureau After laying stress on India’s thrust towards renewable energy production as an effort to ensure universal energy access to India at the Re-Invest 2015 – first Renewable Energy Global Investors Meet & Expo in mid-February, Prime Minister, Narendra Modi called upon the world to ease restrictions for India on import of nuclear fuel, so that India could also produce clean nuclear energy in a big way. Modi, who inaugurated the Conference of State Environment and Forest Ministers in New Delhi, on April 6, 2015 also added that, the Government is focusing on clean energy generation in a big way, through solar radiation, wind and biomass. During Re-Invest 2015, Modi called for a sustained technological research in ...

The Dollar Business Bureau   Ahead of The Ministry of New and Renewable Energy’s Global Investors Meet & Expo (RE-Invest) from February 15-17, 2015 in New Delhi, with a theme to attract large scale investments for the renewable energy sector in India, the government is contemplating making the land owners as stakeholders in the Renewable Energy projects so that they get annual or monthly rent. The new move is to generate 1,00,000 MW of installed solar power capacity by 2022 from the present capacity of 3,000 MW. Piyush Goyal, Power, Coal and Renewable Energy Minister said that the government is also looking at rooftop solar model. He said, “We are not only looking at large plants like 40,000 MW ...