BOTSWANA POWER PROJECT
Jindal Power gets $470 million loan for Botswana project
Jindal Power Ltd. has acquired a $470 million loan to fuel its ambitious power project in Botswana. The financing is backed by three Indian banks, alongside participation from international institutional lenders. This initiative aligns with Jindal's previous international expansion efforts and leverages Botswana's extensive coal resources, which are essential for catering to local electricity requirements.
Charting the global economy: Central banks hold rates steady
Global central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Federal Reserve and the European Central Bank signaled potential hikes during their December meetings, the US economy displays robust growth from business investments and consumer activity.
From historical solidarity to strategic trade: The India–South Africa opportunity
India and South Africa are forging new pathways in trade and investment, showcasing a remarkable growth in bilateral trade. Both nations are setting their sights on ambitious targets. South Africa supplies vital minerals that bolster India's expanding industries, while India brings extensive manufacturing expertise and execution prowess to South Africa's projects. This collaborative effort is underpinned by a rich historical relationship and a commitment to mutual prosperity.
KPI Green shares gain 4% on landmark deal with Botswana for renewable energy projects
KPI Green Energy shares surged following its parent company's MoU with Botswana for renewable energy development. The agreement aims to establish large-scale generation, storage, and transmission infrastructure, requiring an estimated $4 billion investment. This collaboration supports Botswana's net-zero goals and KP Group's international expansion.
India: Jindal plans to start building Botswana coal mine in 2022
Despite the global shift from coal, Botswana is pushing ahead with developing its estimated 212 billion tonnes of coal resources. In April, it shortlisted Jindal, Minergy Ltd, African Energy Resources Ltd and Maatla Resources in a tender to build a 300 MW coal-fired power plant.
Tata Power's South African joint venture operationalises 134 mw wind farm
Cennergi will focus on the investigation of feasibility, development, ownership, operation, maintenance, acquisition and management of electricity generation projects.
Vikram Solar expands to 14 new Sub-Saharan countries
Drawing on the Indian company’s international network, Powertech will supply to large solar projects and homeowners alike.
Kalpataru Power Transmission bags contracts worth Rs 765 crore
Engineering firm Kalpataru Power Transmission (KPTL) today said it has bagged contracts worth Rs 765 crore in domestic as well as international markets across business segments.
Naveen Jindal's JSPL may start coal supply from Mozambique mine next quarter
"We have started to mine in Mozambique & hope that in the next quarter we will dispatch some coal from there," said Naveen Jindal.
JSPL to begin production from Mozambique coal mine by year-end
JSPL plans to begin production from its coal mines in Mozambique by yr-end, a development which will ensure supply of inputs for the existing & upcoming projects.
Jindal Steel arm acquires Canada’s CIC Energy for about $115 million
Jindal BVI has acquired Canada-listed coal company CIC Energy for about $115 million by merging Jindal BVI with the foreign company.
JSPL buys CIC Energy for $115 million
Steel major Jindal Steel and Power said it has acquired the Canadian company CIC Energy for around $ 115 million (over Rs 600 crore).
Jindal Steel & Power to buy CIC Energy Corp for Rs 600 crore
Jindal Steel & Power on Tuesday said it will acquire Canadian coal miner CIC Energy Corp for Canadian $116 million (about 600 crore) in an all-cash deal
Bhutan hydel project to be ready next year: Tata Power
Tata Power expects to commission the 126-MW Dagacchu hydel project, which is being developed along with the Bhutan government, by next year.
CIC Energy confirms sale talks with Jindal Steel & Power
CIC Energy on Wednesday evening said it is in advanced negotiations with Jindal Steel & Power for a possible acquisition.
Tata Power-Exxaro JV Cennergi to develop two wind projects in South Africa
Tata Power's joint venture company Cennergi has emerged as the preferred bidder to develop in South Africa two wind power projects with a total capacity of 234 MW.
Hancock Coal wants joint bid for two assets; asks JSW Energy & GVKPIL for renewed bids
The company has now asked for renewed bids from JSW Energy & GVK Power & Infrastructure (GVKPIL) according to three independent sources. The company had earlier put Kevin’s Corner on the block and invited bids for it.
Indian power cos may shift focus to African continent for coal
NTPC's coal requirement is likely to touch 165 million tonnes (MT) in the next financial year (2011-12), of which it may import 12-15 MT.
REL to bid for projects in three African countries
The company’s African Safari will be followed by a bid for 1,200 mw greenfield project at Yanbu in Saudi Arabia.
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