The Central government has asked its biggest state power producer and transmission company to form a joint venture that would take over electricity distribution in some areas from financially troubled state retailers, according to people familiar with the plan.
GE T&D India Ltd, part of GE’s Grid Solutions business in India, today announced it has bagged a Rs 162 crore order from Powergrid Corp (PGCIL) for evacuating 2,500 Megawatt of wind power in Gujarat through the Green Energy Corridor Transmission System.
ABB India Wednesday said its board has given ‘in principle’ approval to segregate the power grids business from its other businesses.
There is an urgent need for a hefty investment in power grid transmission infrastructure to keep pace with growing low-cost renewable capacity for new households to afford electricity, said research organisation Institute for Energy
More than 70 years after Independence, an engineering feat by state-run transmission utility PowerGridhas made it possible for India’s northernmost areas in Jammu & Kashmir to plug into the national electricity network to bring ‘one-nation-one-grid’ closer to reality.
Bihar Chief Minister Nitish Kumar Sunday inaugurated a 132/33 KV Grid sub-station at Warsaliganj and a transmission line in Nawada district, an official release said.
Shares of NTPC Ltd and Power Grid Corp. of India Ltd gained 1.7% and 3.7% on Monday after the sector regulator proposed continuation of current incentives. In a positive surprise, the draft note from the Central Electricity Regulatory Commission
State-owned Power Grid on Tuesday said it has inked a loan pact with Sumitomo Mitsui Banking Corporation (SMBC) for 22 billion Japanese yen (Rs 1,397 crore), which will be used as capital expenditure.
Shares of Power Grid Corporation of India rose as much as 1 percent in early trade after the company won a bid to establish a transmission system at the Jawaharpur Thermal Power Project.
Power Grid Corporation has bagged a project to set up a transmission system for evacuating electricity from the 1,320 MW Jawaharpur thermal power project and to construct a substation in Uttar Pradesh.