The entity was acquired for an aggregate value of about Rs 5.61 crore including 50,000 equity shares at par at Rs 10 each along with assets and liabilities of the Company as on the acquisition Date New Delhi: State-run Power Grid Corporation on Tuesday said it has acquired Ramgarh New Transmission Limited (RNTL), which […]
Union Budget 2021 | Power Grid InvIT to get power transmission assets of Rs 7,000 crore
Finance Minister Nirmala Sitharaman, while reading out the Union Budget 2021-22, stated that the Centre will also provide Rs 2 lakh crore to states and autonomous bodies for capex. Union Finance Minister Nirmala Sitharaman, while reading out the Union Budget 2021-22 on February 1, announced that power transmission assets of Rs 7,000 crore would be […]
Sterlite Power successfully raises Rs 200 cr from Allianz Global Investors
Mumbai: Sterlite Power, a leading global power transmission player, on Monday said that it has raised Rs 200 crore in debt financing from Allianz Global Investors (Allianz GI) – one of the world’s leading investment managers with focus on sustainable investments. This transaction is one of the first infrastructure sector financing deals for Allianz GI […]
Con Edison Contracts Its Biggest Battery to Date in New York City
A 400-megawatt-hour battery from 174 Global Power will balance NYC’s energy needs with increasing offshore wind power capacity. New York utility Con Edison has signed its biggest energy storage contract to date, a 100-megawatt/400-megawatt-hour lithium-ion battery project that will help balance a grid facing rising levels of offshore wind and other renewable power in the […]
Cabinet approves revised cost estimate of North Eastern Region Power System Improvement Project for six States
Cabinet approves revised cost estimate of North Eastern Region Power System Improvement Project for six States for strengthening of the Intra-State Transmission and Distribution Systems The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised Cost Estimate (RCE) of North Eastern Region Power System Improvement Project (NERPSIP) at […]
What’s at Stake for Clean Energy in the US Election?
How will the election shape the solar, wind, energy storage and utility sectors? GTM’s reporters game it out. The reality is there’s no bad outcome for clean energy in the upcoming election, though the impact on the climate is another story. For clean energy resources — solar, wind and energy storage — the range of […]
Asia Pacific renewables could attract US$1tn of investments this decade – WoodMac
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s total power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives. That is according to a new Wood Mackenzie report, which reveals the share of wind and […]
Long-Term Value of Grid Storage Is All About Capacity, Study Finds
More batteries can mean fewer generation assets and new transmission lines. But market rules need to change to unlock that value. The grid is heading in the direction of more renewables, with or without overarching policies to guide it. There’s general agreement that the ability to store electricity will become more valuable as this happens, […]
Transmission line problems might dash solar power plant hopes
Investors in solar power plants are worried that infrastructure shortcomings will prevent them from meeting a year-end deadline after which tariffs might be reduced. Twenty five plants are currently being built, with their investors racing to finish them to get the feed-in tariff of 7.09 U.S. cents per kWh for 20 years. The government describes […]
NTPC Extended Bid Submission Deadline for BOS Package at Jaisalmer in Rajasthan
The deadline for submission of bids is extended upto May 19, 2020 For more information please see below link:
