The Union Budget for 2022-23 was presented in Parliament by Union finance minister Ms Nirmala Sitharaman, on February 1, 2022. The corporate sector, industry bodies and think-tanks have generally welcomed the Budget proposals and have lauded the nation’s Read more
The Centrally-sponsored Integrated Power Development Scheme (IPDS) was implemented in over 500 towns in 2021, a government release said. The release said that during the trailing 12-month period ending October 2021 (November 1, 2020 to October 31, 2021), system Read more
Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL) has completed the distribution of 50 lakh LED bulbs under “Project Crore” of the Gram Ujala programme. Gram Ujala scheme is being implemented in rural Read more
In two separate developments, German financial institution KfW Group will be providing loans to support India’s development projects in the field of power T&D and renewable energy. The first agreement was between Government of India and KfW for a Read more
Tata Power Delhi Distribution Ltd has commissioned what could be the first-of-its-kind submersible distribution transformer in the country, installed by any power utility. The innovative submersible power substation has been commissioned in Gujranwala Town, New Delhi. In technical collaboration Read more
Combined losses of state government-owned power distribution companies (discoms) fell year-on-year to around Rs.75,000 crore in FY20, according to information tabled in Parliament. Information tabled in Lok Sabha, during the ongoing winter Parliamentary Read more
Powerlinks Transmission Ltd, a 51:49 joint venture between Tata Power and Power Grid Corporation of India Ltd, represents India’s first-ever public private partnership in the power transmission sector. Kiran Gupta, CEO Read more
Power Grid Corporation of India Ltd (PGCIL) has started dialogue with state government utilities with a view to tapping business opportunities arising from the Central government’s revamped distribution upgrade programme. Addressing a virtual investor conference, PGCIL CMD K. Sreekant Read more
HPL Electric & Power Ltd has reported an outstanding order book position of Rs.859 crore, as of September 30, 2021, with a clear domination of metering products. In a statement HPL Electric & Read more
Siemens Ltd, in a stock exchange filing, said that it has planned to procure solar power for its manufacturing facility located at Kalwa in Maharashtra. To this effect, Siemens, on October 22, 2021, entered into a share subscription and Read more