T&D News

CESC

CESC cuts distribution losses in Rajasthan

Sanjiv Goenka Group company CESC has been able to significantly reduce distribution losses in its three Rajasthan franchises– Kota, Bharatpur and Bikaner — during FY20.

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Sterlite Power refinances loan for Gurgaon-Palwal project

Sterlite

Sterlite Power has announced the successful refinancing of the loan for Gurgaon Palwal Transmission Ltd [GPTL] project, within three months of the project becoming fully operational in April 2020.

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Import replacement is a national priority: R.K. Singh

Singh

R.K. Singh, Union Minister of Power and New & Renewable Energy (IC), highlighted the need of Atma Nirbhar Bharat Abhiyan, envisaged by Prime Minister Narendra Modi, in the power sector.

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IEX sees 5 per cent trading volume growth in June 2020

transmission

The electricity market at the Indian Energy Exchange (IEX) witnessed a total trade of 4,790 MU (million units or million kwh) in June 2020 recording a 5 per cent year-on-year increase. This was despite the national peak demand registering a 10 per cent year-on-year decline during the month.

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Assistance to discoms under PFC/REC schemes may be enhanced

CEA

The quantum of loan offered to states through PFC/REC may be increased from the current Rs.90,000 crore to Rs.1,25,000 crore, according to a report by ICICI Securities.

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Adani Group set to acquire transmission asset from Kalpataru

discom

Adani Transmission Ltd (ATL) has signed definitive agreements with Kalpataru Power Transmission Ltd for acquiring Alipurduar Transmission Ltd, a release from Adani Transmission said.

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IEX achieves 515.46 MU volume on RTM in first month

IEX

Indian Energy Exchange (IEX) said that its Real Time Electricity Market (RTM) accomplished volume of 515.46 MU (million units or million kwh) in June 2020 –the first month of operations of the new segment. A total of 237 customers participated in the RTM segment during the month.

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Sterlite Power Acquires Vapi-II North Lakhimpur Transmission Ltd from PFC

Sterlite

Sterlite Power has announced the acquisition of Vapi II North Lakhimpur Transmission Ltd (VNLTL), a special purpose vehicle from PFC Consulting Ltd.

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Adani wins Maharashtra transmission line in TBCB mode

Adani

Adani Transmission Ltd has signed a share purchase agreement and completed the acquisition of the special purpose vehicle Kharghar Vikhroli Transmission Pvt Ltd (KVTPL), incorporated by Maharashtra State Electricity Transmission Company Ltd.

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PGCIL’s order intake in FY20 sees RTM-TBCB balance

PGCIL

Power Grid Corporation of India (PGCIL)’s order inflow of Rs.13,414 crore in FY20 was equally balanced between RTM (regulated tariff mechanism) and TBCB (tariff-based competitive bidding) power transmission projects.

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