January 2022
GE T&D India announces slump sale of global engineering operations
- Jan 25, 2022
GE T&D India, in a stock exchange communication, announced that the company’s board has agreed to sell the company’s Global Engineering Operations Division to group company GE India Industrial Pvt Ltd (GEIIPL), on a slump sale basis. The Global Read more
Exchanges account for 49 pc of ST market in early months of FY22
- Jan 25, 2022
Energy exchanges accounted for 49.3 per cent of India’s short term (ST) market in the early months of the current fiscal year, according to a presentation by Indian Energy Exchange (IEX). The IEX presentation Read more
Hydropower capacity generation faces execution challenges, notes ICRA
- Jan 24, 2022
A release by rating agency ICRA says that hydropower capacity addition in India has remained sluggish historically, with significant execution challenges as also seen in the incremental capacity addition of about 22 GW between 2000 and 2021. Read more
India’s march towards prepaid energy metering
- Jan 24, 2022
The Union power ministry has targeted to completely migrate towards prepaid metering over the next few years. The tangible target is to install 25 crore prepaid meters in phases, with the first phase ending on December 31, 2023. Read more
PFCCL transfers two project SPVs to Adani Transmission
- Jan 21, 2022
Bid process coordinator PFC Consulting Ltd (PFCCL) has transferred two project special purpose vehicles, related to TBCB-based power transmission schemes, to the winning developer Adani Transmission Ltd. In a stock exchange filing, PFCCL said that the following two project Read more
TCIL launches its first EV charging station, over 60 more planned
- Jan 21, 2022
Telecommunications Consultants India Ltd, on January 20, 2022, inaugurated its first electric vehicle (EV) charging station. The Central PSU has planned a total of 65 such – all to be located in south Delhi. A government release said that Read more
Bajaj Electricals incorporates subsidiary for power T&D business
- Jan 20, 2022
Bajaj Electricals has announced the formation of a new wholly-owned subsidiary to undertake the business of power transmission & distribution. In a stock exchange filing, the Mumbai-headquartered Bajaj Electricals announced that a wholly-owned subsidiary “Bajel Projects Ltd” was incorporated Read more
Fluence teams up with ReNew Power for energy storage solutions in India
- Jan 20, 2022
Fluence and ReNew Power have announced an agreement to form a new company to meet the needs of local customers across India that will address the fast-developing energy storage market in India. Managed and operated by an independent management Read more
SJVN earns incentive from hydropower projects under DSM
- Jan 20, 2022
SJVN Ltd has earned Rs.34.40 crore as incentive under the Demand Settlement Mechanism (DSM), the company said in a release. The DSM was earned with respect to two of its flagship hydropower projects – Nathpa Jhakri (1,500 mw) and Read more
Hitachi Energy wins traction transformer orders from Indian Railways
- Jan 19, 2022
Hitachi Energy India has won orders valued at over Rs.160 crore from Indian Railways for supply of traction transformers. A release by Hitachi Energy India Ltd said that the orders, placed during the October-December 2021 period, came from Chittaranjan Read more