2021
PGCIL monetizes Rs.2,736 crore from asset sale to PGInvIT
- May 15, 2021
Power Grid Corporation of India Ltd (PGCIL) has monetized Rs.2,736.02 crore by way of sale of five of its special purpose vehicles to Powergrid Infrastructure Investment Trust (PGInvIT). Here is a step-by-step account: The following five SPVs were sold Read more
PGCIL commissions 765kV Ajmer-Phagi transmission scheme in Rajasthan
- May 14, 2021
Power Grid Corporation of India Ltd, in a stock exchange filing, said that it has commissioned a 765kV transmission scheme in Rajasthan, developed by its wholly-owned subsidiary Ajmer Phagi Transmission Ltd. The transmission scheme was commissioned on May 6, Read more
Sumitomo Electric to supply 132kV cable for UK offshore wind farm
- May 14, 2021
Sumitomo Electric Industries Ltd, in a release, said that it has been awarded a contract by UK Offshore Transmission Owner, Gwynt y Môr OFTO Plc. (GYM), to supply 132kV offshore export cable to transmit power from a 576-mw Read more
Power exchanges account for half of short-term electricity market: IEX
- May 14, 2021
Power exchanges accounted for over half of the overall short-term electricity market during FY21, according to an investor presentation by Indian Energy Exchange (IEX). This metric has steadily improved from 30.2 per cent in FY16. A recent presentation by Read more
Copper prices scaling new highs due to surging demand, low supply
- May 14, 2021
Copper prices are touching new highs, thanks to spiraling demand that is not being matched by adequate supplies. A newly-released report by CARE Ratings, said that copper prices on LME (London Metal Exchange) touched $10,417 per tonne in May Read more
Odisha discoms, solar EPC orders boost Tata Power revenues in FY21
- May 13, 2021
Consolidated revenues of Tata Power in FY21 rose 14 per cent to Rs.33,079 crore from Rs.28,948 crore in FY20, mainly due to acquisition of power discoms in Odisha, and higher execution of solar EPC projects, a company release Read more
KEC International furthers presence in metro rail space
- May 13, 2021
KEC International has landed its sixth order in the urban transit space, apart from winning mandates in its core area of power transmission and distribution. In a release, KEC International reported the winning of orders of Rs.1,514 crore, across Read more
Cabinet approves PLI scheme for advanced battery storage
- May 13, 2021
The Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for implementation of the Production Linked Incentive (PLI) scheme for advanced battery storage. Proposed by Department of Heavy Industries (DHI), the “National Programme on Advanced Chemistry Cell Read more
Largest single-location solar project in Uttar Pradesh commissioned
- May 12, 2021
EPC contractor Vikram Solar, for project owner NTPC, has commissioned what could be the largest single-location solar power project in Uttar Pradesh. In a release, Vikram Solar announced that it has completed an 85-mw grid-connected solar photovoltaic plant for Read more
Three states yet to file tariff orders for FY22
- May 12, 2021
At least three states, including Maharashtra and Kerala, had not filed their tariff orders for FY22, up to April 28, 2021. The power ministry in a recent letter to all state governments has stressed on the importance of Read more