Jammu & Kashmir government is selling 300-400 MW generated from its hydel power sources to other states of India even as Kashmir is facing severe power crisis. The government is paying a heavy price for importing power from utilities outside the state.
Tag: power grid
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Alstom T&D gets Rs.109 crore order from Power Grid
Alstom T&D India has been awarded a contract worth approximately Rs 108.8 crore by Power Grid.
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Open Sesame!
Public Sector Units (PSUs) will be pushing the growth engine of the country, be it through almost 18 lakh acres of land reserves with these companies or the cash reserves of almost Rs 2,00,230 crore kept as bank deposits by these enterprises.
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NTPC to lead Consortium for Development of Offshore Wind Power
A Memorandum of Understanding (MoU) has been entered into among the Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd (as lead partner), Power Grid, PFC (Power Finance Corporation) Ltd.
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NTPC to lead Consortium for Development of Offshore Wind Power
A Memorandum of Understanding (MoU) has been entered into among the Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd (as lead partner), Power Grid, PFC (Power Finance Corporation) Ltd.
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PowerGrid to raise Rs 5,000 crore
Power Grid Corporation of India (PGC) is looking to raise up to Rs 5,000 crore by offering bonds with 5-, 10- and 15-year maturities.
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PowerGrid to invest in Gujarat
Power Grid Corporation of India (PGCIL) will invest Rs 5,800 crore for upgrading its network in Gujarat over the next three to four years, its Executive Director DK Singh has said.
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AP Genco’s Krishnapatnam plant goes on stream
The first unit of 800 MW (2x800 MW) of Sri Damodaram Sanjeevaiah Thermal Power Station in Krishnapatnam has been synchronised with the Power Grid. This project being executed by AP Genco is expected to partly ease up the demand supply situation in the state.
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Revised tariff norms to have negatively impact
The revised tariff norms by the Central Electricity Regulatory Commission (CERC) will have a negative impact on the margins of state-owned utilities such as NTPC, Power Grid and NHPC according to Standard and Poor´s Ratings Services (S and P). CERC, in its final guidelines for tariff fixation, has shifted the incentive structure to plant load factor (PLF) from plant availability factor (PAF) for the period FY14-FY19.
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PGCIL stake sale
The board of Power Grid Corporation of India (PGCIL) cleared a proposal to sell 15 per cent stake through Follow on Public Offer in order to raise funds for its investment plans.