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Tamil Nadu introduces Rs 5 million per MW charge for wind projects

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Tamil Nadu has implemented a Rs 5 million per MW resource charge for wind projects connected to central transmission infrastructure, such as those by the Power Grid Corporation of India (PGCIL). This measure aims to meet the state’s renewable purchase obligation (RPO) and improve local wind resource management. The charge targets wind projects linked to the central grid, which do not directly contribute to Tamil Nadu’s RPO. This could impact project feasibility due to high…

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Moody’s: Indian companies to spend USD 45-50 billion annually on capex 

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Moody’s Ratings expects Indian companies to invest USD 45-50 billion annually in capex over the next 1-2 years, with Reliance Industries accounting for 30% of this. The oil and gas sector, including Reliance, will make up over 60% of the total spending, focusing on capacity expansion and green energy. Strong earnings will keep leverage low for Indian firms, despite high offshore borrowing rates. Moody’s forecasts a 6% GDP growth for India over the next two…

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Sri Lanka, India’s Petronet LNG sign MoU for power generation

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The Sri Lankan government and India’s Petronet LNG Limited have signed a memorandum of understanding (MoU) to develop infrastructure for LNG storage, regasification, and supply for a combined cycle power plant. The agreement with Sri Lanka’s LTL Holdings Limited focuses on the Sobadhanavi Combined Cycle Power Plant in Kerawalapitiya, north of Colombo.  The initiative would reduce energy costs by up to 50% compared to fuel-based power generation. The project, expected to be implemented within 18…