2021
PGCIL’s capitalization outpaces capex in FY21
- Mar 8, 2021
During the first three quarters of FY21, Power Grid Corporation of India Ltd (PGCIL) undertook cumulative capital expenditure of Rs.7,942 crore. However, its capitalization was much higher. According to a recent investor presentation, PGCIL made capital expenditure of Rs.7,942 Read more
Adani Group commissions wind power project ahead of schedule
- Mar 8, 2021
Adani Wind Energy Kutch Three Ltd (AWEKTL), a subsidiary of Adani Green Energy Ltd, (AGEL), has commissioned a 100-mw wind power plant in Gujarat, five months ahead of schedule. Located at Kutch, this is the fifth project commissioned before Read more
State moving towards self-reliant power infrastructure: UP CM
- Mar 8, 2021
According to Uttar Pradesh Chief Minister Yogi Adityanath, the state, over the past four years, has moved towards self-reliance in the power sector. The CM, on March 6, 2021, inaugurated two 220kV substations and nine 132kV substations, envisaging a Read more
Rural energy company Husk Power Systems aims at operational profitability in 2021
- Mar 6, 2021
Husk Power Systems, a rural energy company operating renewable minigrids in Asia and Africa, has announced that it registered 90 percent growth in revenue in 2020 compared to the previous year, while more than quadrupling its commercial business Read more
IndiGrid signs share price agreement to acquire NER-II Transmission
- Mar 6, 2021
India Grid Trust (IndiGrid), on March 5, 2021, signed a share purchase agreement to acquire NER-II Transmission Ltd (NER-II), from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs.4,625 crore and the Read more
BCPL Railway Infrastructure gets OHE order from RVNL
- Mar 5, 2021
BCPL Railway Infrastructure Ltd has received a letter of award (LOA) from Railway Vikas Nigam Ltd, the company said in a stock exchange filing. This LOA has been received for deployment of 25kV OHE (overhead electrification) gang to complete Read more
Market integration is key to India’s renewables ambitions
- Mar 5, 2021
India has some 85 GW of renewable power generating capacity, a far cry from the Government of India’s ambition announced in 2016 to see 175 GW installed by 2022. Doubling the Read more
Reliance Power-JERA attain financial closure for Bangladesh power project
- Mar 5, 2021
Reliance Power, in a release, said that its gas-based power project in Bangladesh, being developed in joint venture with Japanese utility JERA Co Inc, has attained financial closure. “The project company has achieved financial closure for the project with Read more
Magenta, HPCL join hands for first set of street lamp integrated EV chargers
- Mar 5, 2021
Magenta and Hindustan Petroleum Corporation Ltd (HPCL) have together launched the first set of street lamp-integrated EV charger. Called “ChargeGrid Flare”, the chargers have been launched at HPCL’s Bandra Kurla Complex outlet in Mumbai and Nitimarg Read more
Power distribution privatization of DNH & DD: Bombay High Court suspends tender
- Mar 4, 2021
Torrent Power has informed that the Bombay High Court has suspended the tender process in the wake of a PIL case filed before the court, until further orders in the matter. Torrent Power, it may be recalled, emerged as Read more