Schneider Electric has announced that it completes 50 years of its first programmable logic controller (PLC) Modicon this year. Modicon – which denotes Modular Digital Control, offers huge profitability improvement for customers in terms of reduced time to market and production downtime. The tremendous success of the device led to the rise of global industry, boosting its expansion significantly during the last three decades.
Maharashtra Electricity Regulatory Commission (MERC) has allowed Brihanmumbai Electric Supply & Transport Undertaking (BEST) to extend its existing power purchase agreement with Tata Power Company Ltd for 677 mw, supplied from its Trombay thermal and hydropower plants, for a period of five years — from 1 April 2019 to 31 March 2024.
In the recently concluded auction for transmission projects in Brazil, Sterlite Power emerged as the winner for Lot 13.The project will require an investment of $0.6 billion over the period of next 3-5 years in the state of Rio Grande do Sul, south region of the country. The project involves six substations aggregating 1,544 MVA.
The entire shareholding of REC Transmission Projects Co Ltd (a wholly-owned subsidiary of Rural Electrification Corporation) in Jawaharpur Firozabad Transmission Ltd comprising of 50,000 equity shares have been transferred along with all its assets and liabilities on December 21, 2018, to Power Grid Corporation of India Ltd