Budget 2022: Green bonds are an emerging, promising mechanism by which local governments can fund climate resilience and other environmentally focused projects.
Sembcorp, which plans to focus on wind and solar energy, where costs are expected to drop further by 2020, has total power capacity of about 8,800 megawatts (MW).
The issue comprises a fresh offering of equity shares aggregating up to Rs 700 crore and an offer for sale of up to one crore equity shares, or 5 percent of stake held by Inox Wind promoter Gujarat Fluorochemicals to the extend of Rs 300 crore. The issue will be listed on both exchanges, NSE and BSE.
In an interview to CNBC-TV18, Girish Nadkarni, Partner, IDFC Alternatives, said there has been a pick up in private equity investments in the past 6 months with a push for renewable sector in the last 8-9 months. He expects lower capital costs, interest rates to help pick-up in activity.
The Central Bureau of Investigation (CBI) on Monday filed two fresh FIRs in the coal blocks allocations scam. Sources said that the agency was conducting searches at 16 locations in six cities in five states.
India plunged into darkness a few weeks ago. Its poor infrastructure story created headlines around the world. The power outage, the worst the world has seen is however a mere symptom of the deeper malice facing the sector.