T&D News
Sterlite Power wins two transmission lines under TBCB route
Sterlite Power, India’s leading private power transmission player has received a letter of award for two key inter-state projects worth over Rs.3000 crore for Udupi-Kasargode and WRSS 21 (Part B) involving lines and GIS substations.
Early CERC nod proposed for RE transmission schemes
- Jul 19, 2019
To fast track the deployment of renewable energy in India, Union Minister of State for Power and New & Renewable Energy (IC) R.K. Singh has approved a proposal for early regulatory approval by Central Electricity Regulatory Commission (CERC) for transmission schemes identified for 66.5 GW worth of projects under the National Renewable Energy Mission.
CEA prepares its first-ever plan on power distribution reforms
- Jul 17, 2019
Union power minister R.K. Singh recently reviewed the Draft Distribution Perspective Plan for power sector in India. The draft plan is the first ever plan at Distribution level which has been prepared by Central Electricity Authority (CEA) under the guidance of the Ministry of Power.
Budget 2019 is a balanced one: IEEMA
- Jul 6, 2019
Industry body Indian Electrical & Electronics Manufacturers Association (IEEMA) has welcomed the Union Budget 2019 as a balanced budget. It mainly focused on India’s current power situation and also emphasised on steps that the government has taken to resolve issues concerning the power sector, a statement by IEEMA said.
Kalpataru Power to divest stake in power transmission assets
- Jul 4, 2019
Kalpataru Power Transmission Ltd (KPTL) announced that it has entered into binding agreements with CLP India Pvt Ltd to sell its stake in three power transmission assets, in a deal that is estimated at Rs.3,275 crore. The transaction is subject to requisite approvals and compliances.
Siemens builds Protection Automation and Control Laboratory for PGCIL
- Jul 2, 2019
Siemens Ltd has set up the Protection Automation and Control Laboratory, an integral part of POWERGRID Advanced Research and Technology Centre (PARTeC) for Power Grid Corporation of India Ltd. The laboratory, located in Manesar, Haryana, is the first of its kind in India. The project was implemented meeting critical time schedules, a statement by Siemens said.
Share of power T&D inches up in PFC’s loan book
- May 29, 2019
The share of power transmission and distribution (T&D) projects in the overall loan book of Power Finance Corporation Ltd (PFC) has risen to 28 per cent as of March 31, 2019 from 24 per cent as of March 31, 2018. Rajeev Sharma, Chairman & Managing Director, PFC, highlighted this point during a press conference in Mumbai on May 29, 2019, held to discuss the company’s audited financial results for the fiscal year 2018-19.
“Anchor” changes corporate entity, but will continue as brand
- Apr 10, 2019
After over a decade of having taken over by Panasonic of Japan, Anchor Electricals Pvt Ltd announced that it would now be known as “Panasonic Life Solutions India Pvt Ltd.” The 50-year old “Anchor” brand, a traditional leader in the wiring devices space, will however continue. The change in corporate identity is effective April 1, 2019.