T&D News

Torrent

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

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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IEX achieves 515.46 MU volume on RTM in first month

IEX

Indian Energy Exchange (IEX) said that its Real Time Electricity Market (RTM) accomplished volume of 515.46 MU (million units or million kwh) in June 2020 –the first month of operations of the new segment. A total of 237 customers participated in the RTM segment during the month.

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