T&D News

PGCIL InvIT LowRes | T&D India

CCEA approves InvIT model for PGCIL asset monetization

In a significant move, the Cabinet Committee on Economic Affairs (CCEA) has approved monetization of assets of Power Grid Corporation of India Ltd (PGCIL) through the Infrastructure Investment Trust (InvIT) model.

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IEEMA announces “Digielec Bharat” to showcase India’s self reliance

IEEMA Digielec Bharat | T&D India

IEEMA, the apex industrial body of the electrical equipment industry, has decided to organise a virtual exhibition to showcase AatmNirbhar Bharat for its domain industry.

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Pole-1 of Raigarh-Pugalur HVDC link commissioned

Valve Hall ABB - LowRes | T&D India

Power Grid Corporation of India has announced that Pole-1 of the HVDC bipole link between Raigarh (Chhattisgarh) and Pugalur (Tamil Nadu) was put in commercial operations on September 6, 2020.

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ERSS-XVIII scheduled for completion in October this year

TBCB

The Eastern Region System Strengthening (ERSS) – XVIII scheme being developed by Power Grid Corporation of India, under the TBCB mode, is scheduled for completion in October this year.

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Kalpataru Power incorporates subsidiary in Senegal

Kalpataru Senegal | T&D India

Kalpataru Power Transmission Ltd has incorporated a subsidiary in Republic of Senegal, to undertake business activities in the west African country.

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IndiGrid acquires transmission project from Sterlite Power

IndiGrid GPTL | T&D India

India Grid Trust (IndiGrid) has completed acquisition of a transmission asset Gurgaon Palwal Transmission Ltd (“GPTL”), from Sterlite Power at an enterprise value of around Rs.1,080 crore.

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Schneider Electric India completes acquisition L&T’s E&A business

L&T Low Voltage Products | T&D India

Schneider Electric, in a press statement, has announced the successful completion of the transaction combining Larsen & Toubro’s Electrical & Automation business and Schneider Electric India’s Low Voltage and Industrial Automation Product business.

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PGCIL estimates works in hand at over Rs.50,000 crore

PFC

Power Grid Corporation of India (PGCIL) has estimated that it currently has works on hand worth Rs.51,000 crore, which will be the backbone of its capital expenditure plan for the coming years.

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GE T&D India’s order intake improves in Q1 of FY21

GE

GE T&D India witnessed higher new order inflows in the first quarter (April to June) of FY21, compared with the corresponding level of FY20.

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Power ministry advises cap on late payment surcharge

Kalpataru

The power ministry has proposed to cap the late payment surcharge payable by discoms to 12 per cent per year.

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