The board of directors of Power Grid Corporation of India Ltd (PGCIL), in a meeting on February 2, 2022, approved two investment proposals entailing capital expenditure of Rs.678.29 crore.
The overall plan outlay (expenditure) of PSUs in the Union power ministry has been pegged at Rs.51,470.14 crore in FY23 (BE), up 5 per cent from Rs.49,006.30 crore in FY22 (RE). In FY21, the actual plan outlay of power PSUs stood at Rs.47,330.33 crore.
Servotech Power Systems Ltd and Smart Power India have announced a partnership to promote the use of solar-powered systems to achieve electricity access in rural communities.
GE T&D India, in a stock exchange communication, announced that the company’s board has agreed to sell the company’s Global Engineering Operations Division to group company GE India Industrial Pvt Ltd (GEIIPL), on a slump sale basis.
Energy exchanges accounted for 49.3 per cent of India’s short term (ST) market in the early months of the current fiscal year, according to a presentation by Indian Energy Exchange (IEX).
Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles, related to TBCB-based power transmission schemes, to the winning developer Adani Transmission Ltd.