T&D News

Adani

Adani Transmission sees 17 pc growth in transformation capacity

Adani Transmission, in its latest performance update, has said that the company’s transformation capacity saw a 17.2 per cent year-on-year growth, as of June 30, 2020.

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Torrent Power cuts T&D losses in Bhiwandi area to 12 pc in FY20

Torrent

Torrent Power, according to information available in its latest Annual Report, has cut down T&D losses in its Bhiwandi franchisee area in Maharashtra to 11.93 per cent in FY20 from 15.13 per cent in FY19.

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ICRA estimates electricity demand to contract by 5-6 per cent in FY21

PGCIL

With the re-imposition of lockdown restrictions in many parts across the country, the all India electricity demand is likely to decline by 5% to 6% in FY2021 over FY2020, against ICRA’s earlier estimate of 1% de-growth made in April 2020.

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PGCIL board approves investment in ERSS-XXIII

Induron

The board of directors of Power Grid Corporation of India Ltd (PGCIL) has accorded investment approval to Eastern Region Strengthening Scheme – XXIII.

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CESC cuts distribution losses in Rajasthan

CESC

Sanjiv Goenka Group company CESC has been able to significantly reduce distribution losses in its three Rajasthan franchises– Kota, Bharatpur and Bikaner — during FY20.

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Sterlite Power refinances loan for Gurgaon-Palwal project

Sterlite

Sterlite Power has announced the successful refinancing of the loan for Gurgaon Palwal Transmission Ltd [GPTL] project, within three months of the project becoming fully operational in April 2020.

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Import replacement is a national priority: R.K. Singh

Singh

R.K. Singh, Union Minister of Power and New & Renewable Energy (IC), highlighted the need of Atma Nirbhar Bharat Abhiyan, envisaged by Prime Minister Narendra Modi, in the power sector.

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IEX sees 5 per cent trading volume growth in June 2020

transmission

The electricity market at the Indian Energy Exchange (IEX) witnessed a total trade of 4,790 MU (million units or million kwh) in June 2020 recording a 5 per cent year-on-year increase. This was despite the national peak demand registering a 10 per cent year-on-year decline during the month.

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Assistance to discoms under PFC/REC schemes may be enhanced

CEA

The quantum of loan offered to states through PFC/REC may be increased from the current Rs.90,000 crore to Rs.1,25,000 crore, according to a report by ICICI Securities.

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Adani Group set to acquire transmission asset from Kalpataru

discom

Adani Transmission Ltd (ATL) has signed definitive agreements with Kalpataru Power Transmission Ltd for acquiring Alipurduar Transmission Ltd, a release from Adani Transmission said.

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