2024

PGCIL sells residual stake in four associate companies to PGInvIT

Power Grid Corporation of India Ltd (PGCIL) has sold its residual stake in four associate companies to Power Grid Infrastructure Investment Trust (PGInvIT). In a stock exchange filing, PGCIL said that it has sold its entire 26 per cent Read more

All power utilities today recognize the importance of adopting advanced solutions: Utiltyx

US-based Utiltyx was formed with a vision to transform how security is addressed, network models are updated and visualized, and how grid data is leveraged in providing descriptive, diagnostic, predictive & prescriptive analytics in power distribution. In this Read more

RECPDCL formally transfers “Rajasthan IV 4B Power Transmission” to DRAIPL

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has formally transferred project SPV “Rajasthan IV 4B Power Transmission Ltd” to the winning developer Dineshchandra R. Agarwal Infracon Pvt Ltd (DRAIPL). DRAIPL emerged as the successful bidder under Read more

KEC International transfers cables business to subsidiary

KEC International Ltd has announced the transfer of its cables business to a subsidiary company. In a stock exchange filing, KEC International said that it has executed a business transfer agreement (BTA), on December 30, 2024, to transfer the Read more

Bid submission date extended yet again for Khavda HVDC scheme

The last date for submission of bids for a major ISTS-TBCB scheme involving HVDC technology has been extended yet again. The bid submission date for the ISTS-TBCB scheme called “Transmission system for evacuation of power from Read more

PFCCL incorporates SPV for green hydrogen ISTS scheme in Gujarat

Bid process coordinator PFC Consulting Ltd (PFCCL) has newly incorporated a wholly-owned subsidiary that will act as a special purpose vehicle for development of an ISTS-TBCB scheme relating to green hydrogen plants in Gujarat. In a Read more

Substation capacity addition grows 18 per cent in Apr-Nov FY25

Healthy substation capacity addition was witnessed in the first eight months (April to November) of FY25. According to latest statistics released by Central Electricity Authority (CEA), the total transformation (substation) capacity addition during the April-November period Read more

ACME Solar secures major funding from PFC

ACME Solar has secured term finance of nearly Rs.2,000 crore from PFC for a wind-solar hybrid project. According to a company release, ACME Renewtech Pvt Ltd, a subsidiary of ACME Solar Holdings Ltd, has successfully secured Rs.1,988 crore in Read more

SPV incorporated for Rajgarh RE evacuation ISTS scheme

Bid process coordinator REC Power Development & Consultancy Ltd (RECPDCL) has incorporated a project special purpose vehicle (SPV) associated with an ISTS-TBCB scheme for evacuation of RE power from Rajgarh in Madhya Pradesh. In a stock Read more

Driving energy transition in the power sector: Role of technology

As the power sector is undergoing a complete transformation on its journey to become more environmentally friendly, technology is all set to play a significant role in facilitating the whole process while ensuring ESG compliance by all the Read more