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Hybrid Growth to Power India’s Rs 3.8 Trillion Clean Energy Surge

Hybrid Growth to Power India’s Rs 3.8 Trillion Clean Energy Surge

Hybrid and storage-backed renewables are set to drive Rs.3.8 trillion in clean energy investments by FY2026-27, powering nearly 40 per cent of new capacity, according to Manish Gupta and Ankit Hakhu. Investment in India’s renewable energy sector is poised to increase at a compound annual growth rate (CAGR) of 55 per cent between this and...

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RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited

RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over 3 Nos. project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of...

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Siemens and Sumitomo Electric win order for Kerala HVDC link

Siemens and Sumitomo Electric win order for Kerala HVDC link

A consortium of Siemens and Sumitomo Electric Industries Ltd has been awarded an order from Power Grid Corporation of India, to supply a high-voltage direct current (HVDC) transmission system. The total size of the order won by the consortium is $520 million, of which the share of Siemens Limited is approximately Rs 1,682 crore.

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Power Grid to invest Rs.1,900 crore

Power Grid to invest Rs.1,900 crore

Power Grid Corporation´s board has approved investment of over Rs 1,900 crore for expansion and upgradation works by the middle of 2016. The board in its meeting approved Rs 908.08 crore and Rs 539.82 crore for two transmission system strengthening schemes in the northern region, Power Grid said in a statement. The expansion and upgradation of load despatch centres for Rs 56.18 crore was also approved by the board.

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Board clears Rs 72 bn  power projects

Board clears Rs 72 bn power projects

According to a company filing, the board of directors of PowerGrid Corp cleared an investment of Rs 3,201.44 crore for transmission system for phase-I generation projects in Jharkhand and West Bengal.The project is part of the Rs 7,209.65 crore investment proposal approved by the board.