According to information tabled in Parliament, there are just around 3.2 lakh households nationwide that have yet to be electrified. Uttar Pradesh accounts for nearly 80 per cent of these.
The Comptroller Auditor General (CAG) in a recent report has observed that Power Grid Corporation of India Ltd (PGCIL) made its long-term plans only with respect to “transmission capacity” whereas it should have looked into “total transfer capacity” instead.
In a stock exchange filing, Torrent Power Ltd said that its shareholders have approved the scheme of transfer of the company’s electrical cable business to TCL Cables Pvt Ltd.
According to latest information available on the government portal PRAAPTI, the total dues of state government-owned power distribution companies as of July 31, 2020 was nearly 37 per cent higher than the comparable level in 2019.
Madhya Pradesh Madhya Kshetra Vidyut Vitran Company Ltd (MPMKVVC) has become the first state government power distribution company to adopt e-office system, the utility said in a release.
Singapore-registered Esoteric II Fund Pte Ltd (Esoteric) has proposed to seek induction as the “sponsor” of IndiGrid, India’s first infrastructure investment trust (InvIT) in the power sector.
In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model.
IEEMA, the apex industrial body of the electrical equipment industry, has decided to organise a virtual exhibition to showcase AatmNirbhar Bharat for its domain industry.