Weekly Power Sector Round up: 26th September 2020

Loans worth Rs 70,590cr sanctioned for DISCOMs as part of liquidity package

Loans totaling Rs 70,590cr have been sanctioned so far to DISCOMs as part of the Rs 90,000cr liquidity package announced by the center, according to the Union Power Minister, R K Singh. Out of this amount, Rs 24,742cr has been disbursed, Singh said in his written reply to a question.

“As against Rs 90,000 crore of liquidity infusion package announced by the government, Rs 70,590 crore in loans has been sanctioned, out of which Rs 24,742 crore has already been disbursed/released till September 16,” he said.

India attracts $10-20bn of investment into its Renewable sector: IEEFA

Regardless of the slowing pace of renewable energy growth in the country, there remains plenty of appetite amongst domestic and foreign investors to invest in renewable infrastructure, according to a new IEEFA briefing.

IEEFA’s note found that India attracted $10-20bn of investments commitments, despite the pandemic.