PGCIL Approves Rs. 655.75 Cr. Investment For Two Transmission Projects

Power Grid Corporation of India Limited (PGCIL) recently announced the approval of two investment projects worth Rs. 655.75 crores by its board of directors. The project included the implementation of unified load dispatch and communication (ULDC) phase III (SCADA/EMS upgradation project –northern region SLDCs) at an estimated cost of Rs 514.66 crore. The committee of […]

Read more

Powergrid Reports 4% Growth In Profit After Tax in Q4

India’s largest electricity transmission company Powergrid recently announced its financial results for Financial Year 2023 and Q4. The Maharatna Public Sector Enterprise said that it reported a total of four percent growth of Profit After Tax (PAT) in Q4 (consolidated) on Year-on-year (YoY) basis.  It also said that on a consolidated basis, its income during Q4 also […]

Read more

CERC Allows Powergrid To Venture Into Telecom Biz But With Conditions  

In its latest judgment, the Central Electricity Regulatory Commission (CERC) has allowed power transmission company– Powergrid to venture into the telecom business. However, it has imposed some conditions too.  As per the CERC (Sharing of Revenue Derived from other businesses) Regulations, 2020, power transmission companies must inform the Commission and seek its approval if they want to […]

Read more

RECPDL Hands Over 6 Special Purpose Vehicles to PGCIL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, an NBFC Maharatna CPSU under the Ministry of Power, has announced the handing over of six projects’ specific SPVs (Special Purpose Vehicles) to PGCIL (Power Grid Corporation of India Limited). These SPVs have been mainly established for constructing transmission projects in […]

Read more

Power Grid Corp of India to Invest Rs 330 Cr in Transmission Project

Power Grid Corporation of India has revealed its plans to invest in the expansion of the renewable energy infrastructure in the country. In a regulatory filing, the power transmission company said that the Board of Power Grid has approved an investment proposal of Rs 330.61 crore for the development of transmission system that will help […]

Read more

NOIDA Authorities Make EV Charging Station Must For Every New Building

NOIDA authorities will not give its nod to any new building plan unless there is a detailed provision in the map for an electric vehicle (ev) charging station. A news report on July 7 quoted an official of the Noida Authority as saying that the decision was followed with an amendment to the Building Manual, […]

Read more

PGCIL to Build Renewable Energy Management Centre in Hyderabad

The Power Grid Corporation of India Limited (PGCIL) Chairman Managing Director K Sreekant has said that PGCIL will establish a Renewable Energy Management Centre (REMC) with 100 per cent grant of Rs 17.6 crore at Vidyut Soudha, Hyderabad. The CMD said that artificial intelligence-based forecasting and scheduling tools will be employed at the Renewable Energy […]

Read more

Transmission System for Rajasthan Solar Energy zone commissioned

POWERGRID Khetri Transmission System Ltd. (PKTSL), a fully owned subsidiary of Power Grid Corporation of India Limited (POWERGRID) has commissioned the Transmission System associated with Rajasthan Solar Energy Zone (SEZ) Part-C on 4th October 2021. This is one of the largest Inter State Tariff Based Competitive Bidding (TBCB) projects established in the state of Rajasthan. The […]

Read more

APTEL Rules In Favour of PGCIL On Cost Overruns

In an important ruling, the Appellate Tribunal for Electricity (APTEL) has ruled in favour of Power Grid Corporation of India Limited (PGCIL) on the issue of additional costs incurred due to time overruns on setting up transmission infrastructure. PGCIL had suffered a setback on the matter after the Central Electricity Regulatory Commission (CERC), on a […]

Read more