Tata Power Signs Pact with ADB for $4.25 billion Financing for Key Energy Projects

MT Newswires Live11-22 13:04

Tata Power (NSE:TATAPOWER, BOM:500400) has entered into a memorandum of understanding with the Asian Development Bank (ADB) to evaluate financing worth $4.25 billion for the power producer's strategic projects, according to a Thursday filing to the stock exchanges.

The MOU entails evaluating financing for several key ongoing projects, such as the 966-MW solar wind hybrid project, pumped hydro storage project, and other projects in the pipeline around energy transition decarbonization, and battery storage.

It also covers ongoing financing for capex to strengthen the distribution networks.

Shares of the company were up nearly 1% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485407647?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-22 13:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485407647","market":"nz","top_or_hot":-1,"title":"Tata Power Signs Pact with ADB for $4.25 billion Financing for Key Energy Projects","media":"MT Newswires Live","content":"<html><body><p> Tata Power (NSE:TATAPOWER, BOM:500400) has entered into a memorandum of understanding with the Asian Development Bank (ADB) to evaluate financing worth $4.25 billion for the power producer's strategic projects, according to a Thursday filing to the stock exchanges.</p><p>The MOU entails evaluating financing for several key ongoing projects, such as the 966-MW solar wind hybrid project, pumped hydro storage project, and other projects in the pipeline around energy transition decarbonization, and battery storage.</p><p>It also covers ongoing financing for capex to strengthen the distribution networks.</p><p>Shares of the company were up nearly 1% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tata Power Signs Pact with ADB for $4.25 billion Financing for Key Energy Projects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTata Power Signs Pact with ADB for $4.25 billion Financing for Key Energy Projects\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 13:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tata Power (NSE:TATAPOWER, BOM:500400) has entered into a memorandum of understanding with the Asian Development Bank (ADB) to evaluate financing worth $4.25 billion for the power producer's strategic...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PW","symbol_name":"Power REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2485407647","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485407647","pubTimestamp":1732251870,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tata Power  has entered into a memorandum of understanding with the Asian Development Bank  to evaluate financing worth $4.25 billion for the power producer's strategic projects, according to a Thursday filing to the stock exchanges.The MOU entails evaluating financing for several key ongoing projects, such as the 966-MW solar wind hybrid project, pumped hydro storage project, and other projects in the pipeline around energy transition decarbonization, and battery storage.It also covers ongoing financing for capex to strengthen the distribution networks.Shares of the company were up nearly 1% in recent trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PW":"Power REIT","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托"},"translate_title":"塔塔电力与亚行签署协议，为关键能源项目提供42.5亿美元融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1},"content_text":"Tata Power (NSE:TATAPOWER, BOM:500400) has entered into a memorandum of understanding with the Asian Development Bank (ADB) to evaluate financing worth $4.25 billion for the power producer's strategic projects, according to a Thursday filing to the stock exchanges.The MOU entails evaluating financing for several key ongoing projects, such as the 966-MW solar wind hybrid project, pumped hydro storage project, and other projects in the pipeline around energy transition decarbonization, and battery storage.It also covers ongoing financing for capex to strengthen the distribution networks.Shares of the company were up nearly 1% in recent trade.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485407647"}