Staff Reporter

 THDC is in the process of issuing a tender for a floating rate foreign currency loan of Euro 88.47 million to finance the "foreign component" of the EPC contract given to the consortium of Alstom Hydro France and Hindustan Construction Company Ltd (HCC) for execution of the 4x250 MW Tehri PSP. The contract was awarded to the consortium for a total of Euro 88.47 million along with a Rupee component of Rs 1272 crore and the scope of work includes planning, design & engineering, civil works, supply & services of electro-mechanical and hydro-mechanical equipment as well as erection, testing and commissioning of units. Coface, the Export Credit Agency of France has agreed to provide the necessary export credit insurance, including political and payment default cover for financing the deemed French portion (most equipment would be sourced from France) of the transaction as well as the eligible local portion, the eligible foreign content, the premium to be charged by Coface as well as capitalized interest. Coface guarantee will come into effect once Alstom Hydro submits an application to Coface.  The following are the details of the loan: Tenor: 20 years, Repayment period: 30 semi-annualized repayments, ECA cover: 85% comprehensive cover, Interest: Floating, 6 months EURIBOR plus margin.  

A World Bank team to the North Eastern states of India found the transmission and distribution networks in woeful neglect and a near-complete breakdown of infrastructure.

India's NTPC will be developing Srilanka’s second coal based plant at Trincomalee.

Vietnam’s uncontrollable construction of hydroelectric projects had reached a crisis point that has sparked environmental fears.

AES has closed a $1.5 billion long-term non-recourse construction financing from 12 commercial banks and two Korean government export credit agencies for its 1,200MW Mong Duong II coal-fired power plant.

And uncertain energy policy continues to pose a significant risk as it is in a continued state of flux in many regions worldwide.

The bank has already extended credit lines to several solar firms totaling over $30 billion in 2010, according to a Reuters report.

A high capacity transmission corridor is being pursued to increase the power infrastructure in the state of Chhattisgarh.

BHEL has been unable to conclude the trial operation completion for the two 125 MW units of the project of the Barsingar thermal power station.

Australia’s Perdaman Industries termed the Lanco Infratech's move to terminate thier coal supply pact as “wrongful”. 

Pakistan failed to obtain a stay order from the International Court of Arbitration against India’s construction of the Kishanganga Hydroelectric Power Project.

The governments of Vietnam and Japan will restart discussions in September on the provision of Japanese nuclear power technology to the Southeast Asian nation.

Malaysia's Sustainable Energy Development Authority will be revising downwards the quota for all renewable energy sources for the remaining of this year.

Nam Ngum II hydropower dam has started selling electricity to Thailand, according to Ratch-Lao Service Company Managing Director, Mr. Jatuporn Soparaksa.

BGR Energy Systems bagged Rs 444.48 crore worth of orders from Nuclear Power Corporation of India.

 China has agreed to lend Nepal $1.6 billion for thet West Seti Hydropower Project.