Posts by T&D India
ABB Power Grids wins order for IOC’s Barauni refinery
- Apr 21, 2020
ABB Power Grids has been awarded a project worth Rs.165 crore by state-owned refiner Indian Oil Corporation Ltd (IOC) to ensure reliable grid connection at its Barauni refinery in Bihar. The refiner aims to expand its crude oil processing Read more
Union power ministry releases Draft Electricity Bill 2020
- Apr 21, 2020
The Ministry of Power (MoP) has released the much awaited Draft Electricity (Amendment) Bill, 2020, which proposes many critical changes to the existing Electricity Act, 2003. These amendments were essential since the electricity sector in India has been evolving Read more
REC approves seven SPVs for power transmission projects
- Apr 15, 2020
The Board of Directors of REC Ltd in its meeting held on March 25, 2020 inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs). These SPVs will be incorporated as wholly-owned subsidiaries of REC Read more
IndiGrid board approves acquisition of GPTL from Sterlite Power
- Apr 10, 2020
The Board of the Investment Manager of IndiGrid, India’s first InvIT in the power sector, has approved the acquisition of Gurgaon Palwal Transmission Ltd (“GPTL”) from Sterlite Power, at a value of up to Rs.10.80 billion (US$ 140 Read more
L&T lands major orders in power T&D segment
- Apr 10, 2020
The Power Transmission & Distribution Business of L&T Construction has bagged orders in India and abroad. In Kuwait, a prestigious order has been awarded to upgrade substations and related power facilities in KNPC's Mina Al Ahmadi oil refinery. The Read more
Tata Power Solar receives Letter of Award for 300 MW project
- Apr 7, 2020
Tata Power Solar, an integrated solar company and a wholly-owned subsidiary of Tata Power, post reverse auction held on February 21, has received the Letter of Award to build the 300-mw CPSU-II for NTPC at an Read more
CERC cuts late payment surcharge for discoms
- Apr 3, 2020
The Central Electricity Regulatory Commission (CERC) on April 3, 2020, ordered reduction in late payment surcharge (LPS) payable by discoms to generation and transmission companies to 1 per cent per month from the earlier 1.5 per cent, for Read more
Adani Transmission concludes $400-million private placement
- Mar 31, 2020
Adani Transmission Ltd (ATL) has circled up its US private placement transaction of USD notes to the eligible International Investors. This USD-denominated notes, amounting to USD 400 million, have been raised by six wholly-owned subsidiaries of ATL. The first Read more
Sterlite Power teams up with key partners for GEC project
- Mar 30, 2020
Sterlite Power announced that it is joining hands with GE T&D India Ltd, Unitech Power Transmission Ltd. (UPTL), Tata Projects Ltd (TPL) and Associate Power Structures Pvt. Ltd (APSPL). This partnership will implement OEM & EPC solutions in Read more
IndiGrid acquires ninth power transmission asset from Sterlite Power
- Mar 23, 2020
India Grid Trust (“IndiGrid”), India’s leading infrastructure investment trust, has announced the acquisition of another transmission asset, East North Interconnection Company Ltd (ENICL), from Sterlite Power at a value of $134 million. With this acquisition, IndiGrid’s AUM will Read more