Demand for power declined in the spot market during September 2019 compared to the same month last year, according to numbers released by Indian Energy Exchange, the biggest power exchange in the country. All India peak demand fell to 173 gigawatt from 175.6 gw in the same month last year. Similarly, energy met fell by […]
The price of spot power in India registered a decrease this month compared to the same month last year as parts of the country experienced a late start to the summer season. The average price of power sold via Indian Energy Exchange (IEX) was at Rs 3.12 per unit, decline of 22% over Rs 4.08 […]
Kalpataru Power Transmission Limited (KPTL), which constructs power and related infrastructure, said it received orders worth Rs 588 crores for its transmission and power business from international markets. With the latest order, the total order inflow for financial year 2018-19 have increased to Rs 8,500 crores, the company said in a statement. KPTL is also […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that it has bagged contracts for its power transmission and distribution business worth over Rs 1,000 crore, including from Bengaluru and Mumbai metro projects. The engineering and construction company received two orders from Andhra Pradesh. The first one is for the design and construction of two […]
Reliance Infrastructure Ltd said it has completed the sale of its Mumbai power business to Adani Transmission for Rs 18,800 cr. Out of the total amount, it has already got Rs 13,800 cr, and has used the amount to pay back its debt. It will get another Rs 5,000 cr next year. “Regulatory Assets under […]
Both the price and demand for spot power increased in India in July this year compared to the same month of 2017, but were down from June due to the arrival of monsoon, India’s largest power exchange said. The average price of power sold via Indian Energy Exchange in July was at Rs 3.46 per […]
Adani Group said it appointed Anil Sardana, who stepped down as Tata Power CEO three months ago, as the new CEO of its power transmission and distribution business just as it gets ready to take on the Tatas in Mumbai. Two months ago, Adani announced an agreement to purchase the transmission and distribution business of […]
IndiGrid, India’s first infrastructure investment trust for power assets, said it has acquired three transmission assets from its sponsor at a cost of 1,410 cr, taking the total assets under management to 5,300 cr. The company said it will also invest Rs 232 cr into Patran Transmission Company Limited, a unit of Techno Electric & […]
Kalpataru Power Transmission, which constructs power and related infrastructure, said it won new orders worth Rs 875 cr, taking the total order inflow this year to 5,900 cr. The orders include two from India for Rs 278 cr in total and three from outside India for Rs 597 cr. All orders are for the design, […]
Bharat Heavy Electricals Limited said it won its most valuable contract to set up a 765 kilovolt sub station. The Rs 350 cr contract was won from Powergrid as part of its Medinipur-Jeerat Transmission project. “This is the largest value 765kV Substation project order for BHEL so far. With this, the company has maintained its […]
Reliance Infrastructure said it has entered exclusive negotiations with Adani Transmission Limited for the sale of its power distribution business in Mumbai. The deal involves its integrated business of generation, transmission and distribution of power for Mumbai City, the Anil Ambani company said. Just yesterday, it said its deal to sell its transmission assets under […]
Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. “Through this agreement, Cyient and Elpis will jointly pursue utility business opportunities, by leveraging their complementing solutions and technology respectively. “The partnership will combine Cyient’s […]
Tata Power announced its plan to set up electric vehicle charging stations across Mumbai, and has set up the first one at its compound in Vikhroli. “These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2O, Nissan Leaf, etc) at any time safely and conveniently. The […]
India’s ministry of power has set up a committee to examine concerns around the participation of Chinese companies in the country’s fast-growing transmission sector. Since large Chinese firms typically have close ties to the Chinese government, concerns have been raised by both Indian companies as well as some security experts about letting them manage large […]
The central Indian state of Chhattisgarh has come out as a leader in India’s quest to take electricity to remote villages where grid-based power cannot be supplied due to economical reasons. The state accounts for 550 of the 852 ‘decentralized distributed generation’ schemes set up with central assistance so far, according to data sourced from […]
Power generator ABB said it developed, manufactured and energized a 1.2 mln volts ultra high voltage power transformer to support India’s plans to build a 1,200 kV transmission system. The new grid will supplement the existing 400 kV and 800 kV networks as demand for electricity increases. “The 1.2 million volt transformer represents the highest […]
Tata Power, one of India’s largest integrated power companies, said 42,157 power consumers in Mumbai moved to its network from those of its competitors last financial year, helping the company’s total subscriber base cross 2 mln. Tata Power supplies power to households directly in Mumbai and Delhi — two areas where privatization of electricity distribution was […]
Munger in South Bihar has become the first fully electrified district in the state. A total of 27 districts are being electrified under “Deen Dayal Upadhyay Rural Electrification Scheme.” “The deadline for completion i.e. 20 August 2016 was extremely challenging, yet the company was able to complete the task well before deadline,” said Ashoka Buildcon, […]
