Govt Provides Relief to Discoms amid Covid-19 Crisis Updated On Mon, Mar 30th, 2020 by Saurenergy 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 […] Read more
IndiGrid Completes Acquisition of 9th Transmission Asset from Sterlite Power Updated On Wed, Mar 25th, 2020 by Saurenergy 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 […] Read more
KEC International Bags Transmission and Solar Project Orders Worth Rs 1047 Cr Updated On Wed, Mar 18th, 2020 by Saurenergy 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 […] Read more
TenneT Secures EUR 250 Mn Loan for Offshore Wind Transmission Link Updated On Thu, Mar 12th, 2020 by Saurenergy 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 […] Read more
Eversource, National Grid Propose Transmission Solutions for Greater Boston Updated On Mon, Mar 9th, 2020 by Saurenergy 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, […] Read more
L&T Bags Transmission and Solar Project Orders in India and Overseas Updated On Tue, Mar 3rd, 2020 by Saurenergy 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 […] Read more
Can Privatization Help in Solving Discom Distress? Updated On Wed, Feb 26th, 2020 by Saurenergy 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 […] Read more
Discoms’ Dues to Power Gencos Rises 50% to Rs 88,177 Cr in December Updated On Mon, Feb 17th, 2020 by Saurenergy 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 […] Read more
L&T Bags Contracts for its Power, Transmission & Distribution Business Updated On Mon, Feb 10th, 2020 by Saurenergy L&T has announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from clients in India and abroad. Larsen and Toubro (L&T) have announced that the Power, Transmission and Distribution Business of L&T Construction has secured orders from prestigious clients in India and abroad. In the Philippines, the business has won […] Read more
