The board of the state-owned Power Grid Corporation has approved raising up to Rs 6 billion through the issuance of bonds for private placement. According to a BSE filing, “Committee of directors for bonds, in their meeting held on 24th March, 2023, have approved the raising of unsecured, nonconvertible, non-cumulative, redeemable, taxable POWERGRID Bonds-LXXII (72nd)...
Author: admin (Infratructure Today)
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1 GW of pumped storage projects in Karnataka won by JSW and Greenko
The Power Company of Karnataka (PCKL) has awarded contracts to JSW Neo Energy (JSW Energy) and Greenko KA 01 IREP (Greenko) for the provision of 1 GW of electricity supply of 8 hours per day from pumped hydro storage projects that offer continuous 5-hour discharge. By the bucket-filling process, JSW Neo Energy won 300 MW...
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PM GatiShakti’s NPG recommends six infrastructure projects
Six infrastructure projects have been suggested by the Network Planning Group (NPG) under PM GatiShakti. The six projects, one from MNRE, three from the Ministry of Railways, and two from the Ministry of Road Transport and Highways, were assessed by NPG during a meeting, which then recommended them. The comprehensive development of these projects would...
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New PPP: PSUs Pivoting to Productivity
In projects which are for social good, profitability becomes a necessary evil. Several of the public sector organisations may have been created with some social cause and that hasnumbed their accountability to ROI. In earlier years it may have been useful since most of these were monopolies and profitability came due to lack of competition....
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What Makes Airlines Nosedive?
Airlines need a proper business model to conform to Indian conditions Budget airline Go First hastily filed for bankruptcy protection earlier this month and suspended its operations for a few days. According to reports, the lessors of the 20 aircraft that Go First leased have also petitioned India’s aviation authority to deregister them, enabling their...
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RIL & Adani Group withdraw bid to acquire SKS Power Generation
Sarda Energy, Jindal Power, NTPC, Torrent Power & VPAM in the race
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Ahmednagar to soon have its first solar agri-feeder
The government has purchased 5.45 hectares of land.
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Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio
X-ELIO has built or developed 3 GW of renewable energy projects.
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SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project
To switch its electricity supply to 100 per cent green energy
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Power Grid Corporation receives 6 Special Purpose Vehicles from REC
Projects bagged through tariff based competitive bidding process