2021
PGCIL wins one more TBCB project for Rajasthan solar power evacuation
- Feb 3, 2021
Power Grid Corporation of India (PGCIL) has been declared as the successful bidder for a transmission scheme involving evacuation from solar energy zones in Rajasthan. This is in addition to two similar projects that the Central PSU won Read more
Siemens Gamesa Renewable Energy selects Infosys as strategic partner
- Feb 3, 2021
Siemens Gamesa Renewable Energy (SGRE) has selected Infosys as a strategic partner for SAP S/4HANA implementation to deliver a globally harmonized ERP system, Infosys said in a stock exchange filing. The implementation will enable Siemens Gamesa to become an Read more
PFC dollar-denominated bond issue oversubscribed 5.1 times
- Feb 2, 2021
Power Finance Corporation Ltd (PFC) has successfully raised $500 million through a recent issue of US Dollar-denominated bonds. The bonds under the “Reg S” route with a fixed maturity date of May 16, 2031, were issued on January 29, Read more
Union Budget proposals will boost electrical equipment industry, says IEEMA
- Feb 1, 2021
Indian Electrical & Electronics Manufacturers Association (IEEMA) has welcomed the Union Budget announced by the Hon’ble Union Finance Minister Smt. Nirmala Sitharaman, as a balanced budget. It focuses on India’s infrastructure boost and also emphasises on steps that Read more
Nepal government awards Lower Arun project to SJVN
- Feb 1, 2021
Nepal has awarded the Lower Arun hydropower project in Nepal to Central PSU SJVN Ltd, through the competitive bidding route. The approval was provided by The Investment Board of Nepal in its meeting on January 29, 2021, chaired by Read more
Budget 2021 allocates Rs.1,455 crore for strengthening of power systems
- Feb 1, 2021
The Union Budget 2021 presented today (February 1, 2021) has allocated a higher Rs.1,455 crore towards specific power system strengthening projects in FY22. This allocation would be spent on various activities like Smart Grids, Green Energy Corridors and specific Read more
Union Budget 2021-22: Industry reactions
- Feb 1, 2021
Here is a collection of reactions from industry captains to the Union Budget 2021 that was presented on February 1, 2021, by Union Finance Minister, Ms Nirmala Sitharaman. Long-term opportunities for India Inc. Read more
Tata Power takes over NESCO, makes clean sweep of Odisha discoms
- Feb 1, 2021
Tata Power has received the letter of intent from Odisha Electricity Regulatory Commission (OERC) for taking over distribution and retail supply of electricity in Odisha’s five circles of North Eastern Supply Company of Odisha Ltd. (NESCO). With this, Read more
PGCIL wins two TBCB projects, both for green energy evacuation
- Jan 30, 2021
Power Grid Corporation of India (PGCIL) has been declared as the successful bidder for two transmission schemes, under the tariff-based competitive bidding (TBCB) mode. In a stock exchange filing, PGCIL said both the projects involve evacuation of power from Read more
Energy efficiency has brought down India’s energy intensity: Economic Survey
- Jan 30, 2021
Enhanced energy efficiency has succeeded in bringing down India’s energy intensity, observes the newly-released Economic Survey 2021. Energy intensity, in general, is understood as the amount of energy required to produce one unit of output. If less energy is Read more