T&D News
Sterlite Power teams up with key partners for GEC project
Sterlite Power announced that it is joining hands with GE T&D India Ltd, Unitech Power Transmission Ltd. (UPTL), Tata Projects Ltd (TPL) and Associate Power Structures Pvt. Ltd (APSPL). This partnership will implement OEM & EPC solutions in the execution of its Green Energy Corridor (GEC) project – Lakadia Vadodara Transmission Project Ltd.
IndiGrid acquires ninth power transmission asset from Sterlite Power
- Mar 23, 2020
India Grid Trust (“IndiGrid”), India’s leading infrastructure investment trust, has announced the acquisition of another transmission asset, East North Interconnection Company Ltd (ENICL), from Sterlite Power at a value of $134 million. With this acquisition, IndiGrid’s AUM will increase by 10 per cent to around $1.6 billion. IndiGrid’s asset portfolio will increase to nine power transmission projects, with a total network of 20 power transmission lines spanning across more than 5,800 ckm across 13 Indian states.
Government spending can boost metering business: HPL Electric
- Feb 17, 2020
In line with the Central government’s plan of having 25 crore prepaid smart electricity meters over the next three years, several state government power distribution utilities have begun gearing themselves to replace conventional (analog) meters with smart meters, observed Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd. He was quoted in a press statement announcing the company’s financial results for the nine months ending December 31, 2019.
IndiGrid set to acquire another transmission asset from Sterlite Power
- Jan 30, 2020
IndiGrid, India’s first infrastructure investment trust (InvIT), has approved the acquisition of East North Interconnection Transmission Company Ltd (“ENICL”) from Sterlite Power at a value of Rs.1,020 crore This acquisition would increase the assets under management (AUM) of IndiGrid by 10 per cent to around Rs.12,100 crore.
Siemens to acquire C&S Electric in Rs.2,100-crore deal
- Jan 25, 2020
Siemens Ltd, on January 24, 2020, signed an agreement to acquire New Delhi-based C&S Electric Ltd. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world’s fastest-growing economies, a release from Siemens said.
Panasonic Life Solutions to set up manufacturing unit in Sri City, AP
- Jan 11, 2020
Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Life Solutions Company plans to invest more than Rs.600 crore in India. The initial investment of Rs.294.70 crore has been committed for setting up the electrical equipment material and wiring device manufacturing facility spread over 133,546 sqm at Sri City, Industrial Park, Andhra Pradesh.
AIIB to finance power T&D project in Assam
- Nov 15, 2019
Asian Infrastructure Investment Bank is considering a proposal to finance a power transmission and distribution upgrade programme in Assam, according to D.J. Pandia, Vice President and Chief Investment Officer, AIIB. Pandian was recently addressing a media briefing in Mumbai.
