transmission

PFC Disburses Rs 11K Crore, Claims to be Unaffected by Lockdown

PFC has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31 and has claimed to be unaffected by it. State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31. The company claimed that the […]

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Govt Provides Relief to Discoms amid Covid-19 Crisis

In a next spell of providing relief measures to the country’s ailing power sector amid lockdown due to coronavirus crisis, Power Minister RK Singh has now provided relief to power distribution companies (Discoms), with an aim to ease out their liquidity problems. The Power Ministry has approved financial relief measures for Discoms citing “due to […]

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IndiGrid Completes Acquisition of 9th Transmission Asset from Sterlite Power

IndiGrid has announced the acquisition of another transmission asset, ENICL from Sterlite Power at a value of USD 134 million. India Grid Trust (IndiGrid), one of India’s leading infrastructure investment trust, has announced the acquisition of another transmission asset, East North Interconnection Company Limited Transmission Company Limited (ENICL), from Sterlite Power at a value of […]

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KEC International Bags Transmission and Solar Project Orders Worth Rs 1047 Cr

KEC International Limited has secured new orders worth Rs 1,047 crore across its various businesses spanning from the transmission and distribution to solar energy projects Global infrastructure Engineering, Procurement and Construction (EPC) major KEC International Limited has announced that it has secured new orders worth at least Rs 1,047 crore across its various businesses spanning […]

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TenneT Secures EUR 250 Mn Loan for Offshore Wind Transmission Link

TenneT has secured EUR 250 million loan to enable the transmission of rapidly growing amounts of offshore wind energy to users in the Netherlands and beyond The European Investment Bank (EIB) has signed a EUR 250 million loan agreement with TenneT Holding. The financing will be used for the western section of TenneT’s “Zuidwest 380 […]

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Eversource, National Grid Propose Transmission Solutions for Greater Boston

National Grid & Eversource have submitted proposals for transmission solutions that will provide Greater Boston with enhanced electricity reliability National Grid and Eversource have announced that they have submitted a range of proposals for transmission solutions that will provide Greater Boston with enhanced electricity reliability, increasing capacity for the flow of new clean energy resources, […]

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L&T Bags Transmission and Solar Project Orders in India and Overseas

Larsen & Toubro has announced that its power transmission and distribution business of L&T Construction has bagged significant orders in India and overseas. Infrastructure company Larsen & Toubro has announced that its power transmission and distribution business of L&T Construction has bagged significant orders in India and overseas. In Bangladesh, the business has won a turnkey order for design, supply, installation, and […]

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Can Privatization Help in Solving Discom Distress?

India’s power sector is currently struggling with multiple issues, among them is pending dues of state Discoms (distribution companies) to renewable energy developers. The issue now even sparked the fears that many solar and wind energy projects likely to turn into non-performing assets (NPAs). Here’re some views and voices from the industry on what could […]

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Discoms’ Dues to Power Gencos Rises 50% to Rs 88,177 Cr in December

Power producers’ total outstanding dues owed by Discoms jumped nearly 50 percent to Rs 88,177 crore in December 2019 over the same month previous year Power producers’ total outstanding dues owed by Discoms jumped nearly 50 percent to Rs 88,177 crore in December 2019 over the same month previous year, reflecting stress in the sector. Discoms owed […]

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