According to Khurana, in order to avoid any jurisdictional issues between CERC and the new Electricity Contract Enforcement Authority, bifurcation of their functions should be spelt out clearly New Delhi: The Power ministry’s proposed amendments to the Electricity Act of 2003 have received a thumbs up from the industry with players welcoming the proposed push […]
Sterlite Power commissions Gurgaon-Palwal transmission project in Haryana
Envisaged as part of the inter-state transmission system project, the Rs 1,027 crore GPTL will meet the peak energy requirements of Haryana, which is expected to reach more than 12,000 MW in FY 2020-21 from 9,000 MW in FY 2014-15 Mumbai: Transmission solutions provider Sterlite Power on Monday said it has commissioned Rs 1,027 crore […]
Sterlite Power secures Rs 2K cr funding to execute Lakadia Vadodara project
Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd Bank and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power on Wednesday said it has secured Rs 2,024 crore funding from IndusInd BankNSE -1.35 % and L&T Infrastructure Finance to execute Lakadia Vadodara transmission project. Sterlite Power has […]
IndiGrid completes acquisition of ENICL from Sterlite Power
With the acquisition of East North Interconnection (ENICL) from Sterlite Power, IndiGrid’s assets under management (AUM) will increase by 10 per cent to USD 1.6 billion, the company said in a statement. The acquisition has been funded by internal accruals, proceeds from the preference issue done in May last year and new debt, the company […]
In the matter of: Respect to grant of Transmission Licence to Lakadia Vadodara Transmission Project Ltd
In the matter of: Application under Sections 14, 15 and 79(1)(e) of the Electricity Act, 2003 read with Central Electricity Regulatory Commission (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations, 2009 with respect to grant of Transmission Licence to Lakadia Vadodara Transmission Project Limited. For more information please see […]
Sterlite Power inks pact to sell Arcoverde transmission project
The company has signed a sale agreement with Vinci Energia FIP – IE (V2i Transmissao de Energia S.A.) of Arcoverde Transmissao de Energia SA New Delhi : Sterlite Power on Wednesday said that it has signed the sale agreement for its first power transmission asset operating in Brazil – the Arcoverde project. The project is […]
Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy
Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, NTPC Ltd and Tata Power-backed Resurgent Power, people in the know told The Economic Times. Expressions of interest were also received from a few Singapore-based distressed asset investors and some local asset reconstruction companies, along with Vedanta […]
Sterlite Power bags two inter-state projects worth over Rs 3,000 crore
The company in its press release said that the Udupi-Kasargode project would decongest the Inter-State Transmission System corridor New Delhi: Power transmission player Sterlite Power on Friday said it has bagged two inter-state transmission projects worth over Rs 3,000 crore for Udupi-Kasargode and Lakadia-Vadodara. “These projects awarded through competitive bidding have secured much lower tariff […]
Sterlite Power bags two transmission projects worth Rs 3000 crore
The company has already completed a wind energy evacuation project in Brazil earlier this year. Power transmission player Sterlite Power on August 9 said it has bagged two contracts worth Rs 3,000 crore for setting up inter-state projects for Udupi- Kasargode and WRSS 21 (part B) involving lines and GIS substations. With these two projects […]
Sterlite Power sees $35 billion energy storage opportunity
Sterlite Power CEO Pratik Agarwal says he expects central, state govts to issue battery tenders totaling several gigawatts of capacity by no later than the end of next year India is forecast to have 34 gigawatts of battery storage capacity by 2030 New Delhi: Sterlite Power Grid Ventures Ltd., one of India’s biggest private transmission […]