Madhya Pradesh has readied its blueprint for the Rs 4000 crore worth Green Energy Corridor project spearheaded by Power Grid Corporation (PGCIL), as next the five years would add another 6,000 MW of renewable energy projects in its installed capacity. This will also include a mega solar power project of 750 MW capacity, reports the Business Standard.
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Madhya Pradesh gears up for Green Energy Corridor Project
PGCIL may raise Rs.4,000 cr through bonds by September
Power Grid Corporation India (PGCIL) plans to raise up to Rs.4,000 crore in its third round of fund raising through domestic bonds by September to meet its working capital expenditure.
Power Grid to issue Rs 4,000 cr bond in September
Power Grid (PGCIL) will raise Rs 4,000 crore via AAA-rated corporate bonds in September this year. The company has a mandate to raise Rs 14,000 crore for the year 2016-17 of which PGCIL has already issued financial bonds worth Rs 3,400 crore, last quarter.
PGCIL still has some distance to go
It may have done well but its efforts to upgrade the country's transmission sector haven't been enough, yet.
Delta Video walls at National Transmission Asset Management Centre, Manesar
Power Grid Corporation of India (PGCIL) Limited is among the leading electric utilities that have always equipped their control rooms with the latest equipment. PGCIL recognised that a display wall would enable its operators at National Transmission Asset Management Centre (NTAMC) to have a much clearer view at any given moment.
Transmission is levelling the playing field
One has to look back a few years for proper perspective. Once power generation was de-licensed after The Electricity Act 2003, there was a boom in the sector. People started coming into power generation in a big way, both coal-based and coastal.
DRIVERS OF GROWTH
The existence of public sector companies over more than six decades can be divided into three distinct phases; namely, post Independence, post liberalisation and the present
Rural power faces fund challenge
As the state gears up to meet additional power demand of 3500 MW for rural electrification by the end of 12th Plan
PGCIL lowest bidder for Rs.6,300-cr Vemagiri II proj
Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs.6,300 crore in a tariff-based auction. For Vemagiri II project, PGCIL has bid very aggressively and quoted Rs.359 crore annual tariff per annum followed by Sterlite Grid (Rs.429.05 crore), Essel (Rs.459 crore) and Adani (Rs.585 crore).
Transmitting Energy through Steel
JSPL has been supplying steel to all the major transmission tower manufacturers across the country for domestic as well as international power transmission projects.