India’s NTPC invites bids for 250MW solar capacity in Karnataka, lists US$300m green bonds on SGX

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The state-owned utility also listed Green Masala Bonds on the Singapore Stock Exchange. Credit: NTPC

India’s largest utility NTPC has invited bids for the development of 250MW of solar capacity in the Pavagada Solar Park in Karnataka.

The capacity will be split into five blocks of 50MW projects. The tender is for the design, engineering, manufacturing, supply, packing and forwarding, transportation, unloading, storage, installation and commissioning of the plants.

In related news, the state-owned utility has also announced the listing of its INR20 billion (US$300 million) Green Masala Bonds on the Singapore Stock Exchange, which will be used for the financing of renewable energy projects.

Masala bonds are Indian rupee denominated bonds issued in offshore capital markets.

This week, India’s fifth largest private sector bank Yes Bank also announced plans to raise INR3.3 billion through the issue of seven-year Green Infrastructure Bonds to the Dutch Development Bank FMO in order to fund solar and wind projects.

Read Next

May 11, 2021
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.
May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 30, 2021
Solar manufacturers that plan on setting up integrated, higher capacity plants in India will be given preference in the country’s new production-linked incentive (PLI) programme.
PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021