The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC). This SPV will operate stressed assets in the thermal power space.
The central government is considering the creation of a special purpose vehicle (SPV) by NTPC, Power Finance Corporation (PFC) and Rural Electrification Corporation (REC).
The NLC India stock will be in focus as a Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and State Bank of India (SBI) consortium will lend about Rs 11,000 crores to the company's power plant in Uttar Pradesh (UP). In an interview with CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the latest happenings in his company and sector.
The Comptroller and Auditor General (CAG) earlier this month pulled up REC and PFC for failing to comply with RBI norms on loans to power companies, says due diligence was not conducted during credit appraisal. In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about this and more importantly the future growth issues.
In an interview to CNBC-TV18, PV Ramesh, CMD of REC spoke about the latest happenings in the company and in the sector.
Devansh Jain, Director, Inox Wind speaks about the wind energy business in India. The company expects incremental orders worth 1,000-1,500 MW in the coming days. As of March 2015, it had an order book of 1400 MW.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
Power tariffs are seen rising by 20-25 paise per unit as CCEA has now allowed power companies to pass on higher imported coal cost, the move is also seen as positive REC and PFC, says HD Khunteta, Former Dir-Finance, REC and Chairman, Altius Finserv.
State-run Power Finance Corporation has set a disbursement target of Rs 40,000 crore in FY13, informed CMD Satnam Singh. In an interview with CNBC-TV18, he said the company has already disbursed Rs 17,000 crore in the first half of the current fiscal year.
Giving his views on the financial restructuring of State Electricity Boards, Vinayak Chatterjee, Chairman of Feedback Infrastructure said that the package is fairly foolproof and this intervention was necessary otherwise nobody was able to see the road forward.
Despite getting bids worth Rs 10,000 crore for its bond issue, Power Finance Coporation is not closing its issue because the retail portion has not been fully subscribed yet.
Speaking to CNBC-TV18 in an exclusive interview, Satnam Singh, chairman and managing director of PFC says that the company does not see any issues as far as lending to SEBs are concerned. "Also, we are not in the process of converting self into a bank," he clarifies.
State-run lending agency Power Finance Corporation (PFC) has drawn up plans to cater to the increasing demand for renewable energy segment. As a first step, the company has created a subsidiary called PFC Green Energy Ltd for its renewable energy-based power generation arm.
SEBs are likely to see reforms after news reports said that the government is keen on cutting power lending companies like REC, PFC and PTC India's losses. In an interview on CNBC-TV18, power minister Sushil Kumar Shinde talks about what set those power stocks on fire yesterday.
A longer term worry for those exposed to the SEBs is a recent IIFL report which points out that the finances of SEBs has taken a turn for the worse. Harshvardhan Dole VP Research - Institutional Equities of IIFL, talks about the report that he wrote.
Anand Agarwal, CEO and director of Sterlite Technologies in an interview on CNBC-TV18 spoke about the latest BSE announcement they made about their wholly owned subsidiary of the Jabalpur Transmission Company completing 100% acquisition of the Bhopal-Dhule Transmission Company Ltd.