The potential takeover of financially-ailing independent power transmission company South East UP Power Transmission Co Ltd (SEUPPTCL) has attracted expressions of interest from leading names like Adani Group and Torrent Power. SEUPPTCL is undergoing corporate insolvency resolution process under Read more
Adani Transmission Ltd (ATL) has signed definitive agreements with Essel InfraProjects Ltd for the acquisition of Warora-Kurnool Transmission Ltd (WKTL). The acquisition is valued at Rs.3,370 crore. The proposed acquisition will take ATL's power transmission portfolio to around 17,200 Read more
Nexcharge in collaboration with Tata Power Delhi Distribution Ltd (TPDDL) inaugurated India’s first grid-connected Li-ion battery-based community energy storage system at Rani Bagh, Delhi, on March 27, 2021. The 0.52 MWh battery energy storage system at TPDDL’s Rani Bagh Read more
Waaree Energies has commissioned a 10-mw solar photovoltaic power plant in Puducherry, which is understood to be the first solar plant in the said city. A release by Waaree Energies said that the grid-connected plant will supply power to Read more
Convergence Energy Services Ltd (CESL) has signed an agreement with CSC e-Governance Services India Ltd (CSC SPV) to create demand aggregation for electric mobility, solar, energy efficiency solutions and other initiatives of CESL. The proposed relationship aims to create Read more
India Grid Trust (IndiGrid) has completed its largest transmission project deal by acquiring NER-II Transmission Ltd (“NER-II”) from Sterlite Power at an enterprise value of around Rs.4,625 crore. IndiGrid AUM reaches Rs.20,000 crore With this acquisition, IndiGrid’s assets under management Read more
Adani Transmission Ltd (ATL), in a stock exchange filing, has clarified that Maharashtra Electricity Regulatory Commission (MERC) has issued a statutory licence to build an HVDC link connecting the outskirts of Mumbai to the company’s Mumbai distribution licensee Read more
Schneider Electric has announced the launch of self-disinfecting anti-viral and anti-bacterial switches under its Clipsal X product range. Meeting international standards of testing, the switches are powered by Silver Ion technology which can kill over 99.9 per cent of Read more
Waaree Energies, in a release, announced that it has commissioned a solar photovoltaic project for Maharashtra Seamless Ltd (MSL). The ground-mounted project with aggregate capacity of 21 mw has been set up at Swami Samarth Solar Park in Akkalkot, Read more
Power Grid Corporation of India Ltd (PGCIL) has completed the acquisition of a project SPV for which it was recently declared successful bidder, under the tariff-based competitive bidding mechanism. In a stock exchange filing, PGCIL said that it has Read more