India will invest Rs.68,256.70 crore on eight public sector power companies in 2016-17 as against Rs.58,642.89 crore a year ago, according to the Union Budget 2016 document.
Tag: transmission
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The stage is set for take-off. It´s time to execute
We have been working with them to put together the investment policy - what should be the objectives, focus, sectors, types of investments and things of that nature. All that has been finalised.
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Drones to monitor power projects
Ground inspections are passé for the Indian power sector which is set to deploy drones to cut costs and improve efficiency. Heralding a technological leap in power transmission, the companies, especially state-owned Power Grid, would now use drones for monitoring project development in critical areas.
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Power-starved J&K sells 300-400 MW
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.
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Bidding for 2 ultra-mega power projects to start in December
The government will call bids for two domestic coal-based ultra-mega power projects (UMPPs) in December and another two by March next year, according to Power Secretary PK Pujari.
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Powering the change
The government is finally taking note. While it is too early to say that a solution to the woes of distribution companies (DISCOMs) is just around the corner, the wheels are in motion.
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Packing a punch?
Many industry observers feel the time is right for the government to exit and look at reducing its investments in power distribution and allow commercial capital to flow into the sector.
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Angelique: The builder of developing economies in the world
Established in 1996, Angelique International Limited has grown into a an engineering, procurement and construction (EPC) giant with a turnover now nearing $350 million, undertaking turnkey projects in power, water, irrigation and agriculture sectors as well as industrial projects in international markets of Africa, Middle East, Latin America and South East Asia.
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PGCIL Q1 net profit rises 20% at Rs.1,367 cr
Transmission utility Power Grid Corporation of India posted a net profit of Rs 1,367 crore for the first quarter this financial year, an increase of 20 per cent compared with Rs 1,137 crore reported in the year-ago period.
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Govt may cut power price to boost rural supply: Goyal
The Centre plans to supply affordable electricity to rural households by creating huge demand for setting up solar and thermal power capacities, and cutting aggregate transmission and commercial (AT&C) losses.