The government-owned Power Finance Corp. (PFC), India’s leading non-banking financial company (NBFC), on Wednesday announced the appointment of Parminder Chopra as Director Finance. She succeeds NB Gupta, who superannuated on June 30.

As per estimates by Central Electricity Authority (CEA), there are around 46,000 MW of generation assets which are stranded for the lack of last mile connectivity and evacuation related issues.

Sterlite Power has bagged a power augmentation project across seven districts of West Bengal.

In an interaction, DC Bagde, Managing Director, Transrail Lighting (Transrail) told INFRASTRUCTURE TODAY that the transmission and distribution segment (T&D) is likely to attract an investment of at least USD 50 billion. It's a shot in the arm for the country's T&D network, but it will not be enough.

Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.

Along with state-owned Power Grid Corporation of India (PGCIL), SmartE is in plans to set up charging infrastructure around metro stations.

The Asian Development Bank has extended a $175-million loan to public sector undertaking Power Grid Corporation of India Limited (PGCIL).

Skipper Limited, a renowned power transmission & distribution player, has announced new orders worth approximately Rs 405 crore in its Engineering Products segment.

Power Grid Corporation of India Limited (PGCIL) has evinced interest in investing in power transmission lines in Telangana. “PGCIL has expressed its interest to invest in the transmission projects in the state. The Chief Minister wanted officials from the state electricity department and PGCIL to hold talks in this regard,” a release issued by Telangana Chief Minister K Chandrasekhar Rao’s office said.