Adani Group is looking at buying the local assets of SunEdison Inc after the heavily indebted US solar power developer sought partners for its projects
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Front month US crude futures were at $36.36 per barrel at 0520 GMT, down 1.17 per cent or 43 cents from their last settlement. Brent crude was down 1 per cent or 40 cents at $38.27 a barrel
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Analysts say Adani will also find it tough to raise financing for the project due to a prolonged downturn in the global coal market
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Oil rebounded over the past two months from 12-year lows after major producers within and outside OPEC floated the idea of freezing output at January's highs
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The IFC loaned $450 million to help build the coal-fuelled Mundra power plant in Gujarat, which fishermen and farmers said took a huge toll on the environment
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His denial came after media reports said that Jaitley was likely to push for easy funding for Adani's controversy-hit coal project
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Jharkhand's refusal to grant land-lease to Adani Group for setting up a power project to supply power to Bangladesh may jeopardize efforts by Narendra Modi to strengthen relations with Sheikh Hasina
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JSW Energy is looking at various distressed coal-fired power plants in anticipation of demand improving, an executive said, amid talk the company is buying a big power plant from Jindal Steel & Power
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