The Union government has plans to invite bids for Rs 16,000 crore worth of power transmission projects this year (2019), with most of them connecting renewable energy projects to the grid, reports Business Standard (BS).
The power ministry has recommended ‘maharatna’ status for Power Grid Corp of India Ltd (PGCIL), the country’s largest power transmission company, according to an official.
The Ministry of Power (MoP) has issued new guidelines for import and export of electricity and power trading with neighboring countries. The 2018 guidelines will replace the existing guidelines on cross border trade of electricity issued in 2016.
Ministry of Power, Government of India has decided to make all meters smart prepaid in 3 years from 1st April, 2019. This step is likely to bring revolution in power sector by way of reduction in AT&C losses
The Ministry of Power has issued a proposal incorporating new modifications to the revised proposal for amendments to the Electricity Act 2003. In September 2018, the Ministry of Power had issued revised proposal for amendments to the Electricity Act 2003
Power Grid Corporation of India Ltd. (POWERGRID), the Navratna PSU, has declared final dividend of ₹1464.84 Crore in addition to ₹1281.74 Crore of interim dividend for the Financial Year 2017-18 i.e. aggregating to ₹2746.58 Crore.
REC Limited, the state owned power sector financier, signed a 200 million Euro loan with the German bank KfW in Frankfurt on 13th August 2018.
The government on Sunday announced its intention to set up a high-level empowered committee under the Cabinet Secretary to resolve the stress in the thermal power sector.
A conference of Ministers for Power, New & Renewable Energy of States & Union Territories will be held on July 3 at Shimla, Himachal Pradesh.
The coal supply to power sector from CIL in the FY 2018-19 (till May 23) has been 73.6 MT, which is an increase of 14 percent as compared to the same period of last year.