Power Grid Corporation of India Ltd (PGCIL) has completed the acquisition of a project SPV for which it was recently declared successful bidder, under the tariff-based competitive bidding mechanism.
Power Grid Corporation of India (PGCIL), in a recent stock exchange communication, said that it has signed the share purchase agreement (SPA) to acquire equity stake in Jaypee Powergrid Ltd (JPL), for around Rs.350 crore.
Technical bids related to the power distribution privatization of the Union territory of Chandigarh are scheduled to open on March 22, 2021, according to reliable media reports.
The Competition Commission of India (CCI) has approved the acquisition of 51 per cent stake in Odisha power utility NESCO from Grid Corporation of Odisha (GRIDCO).
The government has released the draft guidelines of the ‘Revamped, Reforms-Based and Results-Linked Distribution Sector Scheme’ for supporting discoms to undertake reforms and improve performance in a time-bound manner, as announced during the recent Budget.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Revised Cost Estimate (RCE) of “Comprehensive Scheme for Strengthening of Transmission & Distribution in Arunachal Pradesh and Sikkim.”
The joint venture of Siemens Energy and Sumitomo Electric has completed connecting India’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) and DC-XLPE cable technology.
The Union power ministry has said via gazette notification that “Central Transmission Utility of India Ltd” (CTUIL) will start operations on April 1, 2021.
Power Grid Corporation of India Ltd (PGCIL), in a recent stock exchange filing, said that Pole-2 and some more components of the Raigarh-Pugalur HVDC link have started commercial operations.