The total outstanding dues payable by state-owned distribution companies to power generators grew 16.8 per cent year-on-year, to reach Rs.102,684 crore on February 28, 2021.
The Indian Railways, it is reliably learnt, has achieved electrification of 6,015 route km (rkm) of broad gauge (BG) network during FY21, making it the highest-ever annual achievement.
Tata Power formally took over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) upon completion of the sale process, on April 1, 2021.
Power minister R.K. Singh, on March 31, 2021, inaugurated an underground cabling project at the Kumbh area in Haridwar, Uttarakhand, via video conferencing.
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.
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.
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.
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.