Kalpataru Transmission and Partner Complete Sale of Stake in JKTPL Updated On Tue, Sep 29th, 2020 by Saurenergy Kalpataru Power Transmission Ltd (KPTL) has announced that the firm and its joint venture partner have completed 74 percent equity stake sale in Jhajjar KT Transco Pvt Ltd (JKTPL) to IndiGrid. “We are pleased to inform you that the Parties have completed the sale of first closing sale shares, which represents about 74 percent of the total equity […] Read more
Cabinet Approves Asset Monetisation of PGCIL Subsidiaries Through InvIT Updated On Thu, Sep 10th, 2020 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, in a path breaking reform, has approved monetisation of assets of POWERGRID (PGCIL), a Public Sector Undertaking (PSU) under the Ministry of Power, through Infrastructure Investment Trust (InvIT) model. This is the first time any PSU in Power Sector will undertake asset recycling […] Read more
L&T Transmission and Distribution Business Bags Large Contracts Updated On Tue, Sep 8th, 2020 by Saurenergy L&T power transmission and distribution business has bagged ‘large’ contracts in the domestic and international market. Larsen & Toubro (L&T) has announced that its power transmission and distribution business has bagged ‘large’ contracts in the domestic and international market. The engineering and construction company did not provide the exact value of the contract, but as […] Read more
Nepal Exported Electricity Worth Rs 60 Crore to India in 2019-20 Updated On Tue, Sep 1st, 2020 by Saurenergy Nepal has exported electricity worth nearly one billion Nepali rupees to India in the last fiscal year, according to a report published by the NEA. Nepal has exported electricity worth nearly one billion Nepali rupees to India in the last fiscal year, according to a report published by the Nepal Electricity Authority (NEA). During the year, Nepal was able to export electricity worth 95 […] Read more
IndiGrid Completes Acquisition of GPTL Transmission Project for Rs 1080 Cr Updated On Tue, Sep 1st, 2020 by Saurenergy IndiGrid has completed the acquisition of the GPTL transmission project from Sterlite Power at an enterprise value of Rs 1080 crore. The India Grid Trust (IndiGrid), India’s leading infrastructure investment trust, has announced that it has completed the acquisition of another transmission asset – Gurgaon Palwal Transmission Limited (GPTL), from Sterlite Power at an enterprise […] Read more
Remote Nubra, Zanskar Valleys in Ladakh to Get Connected to National Grid Updated On Thu, Aug 27th, 2020 by Saurenergy The government has started work on a Rs 1,200 crore project to connect the Nubra valley and Zanskar valley in Ladakh to the national power grid. As part of efforts to boost infrastructure in the Ladakh region, the government has started work on a Rs 1,200 crore project to connect the northern most tip of the country – the […] Read more
HERC Proposes Reverse Auction for Transmission Projects Updated On Fri, Aug 21st, 2020 by Saurenergy HERC has asked for comments regarding threshold cost after which bidding route will be followed The Haryana Electricity Regulatory Commission (HERC) has proposed introducing reverse auction method to award projects related to setting up of transmission infrastructure. A discussion paper has been prepared by HERC that sheds light on how reverse bidding for transmission projects […] Read more
Sterlite Power Drops 14.7% Stake in IndiGrid for Rs 840 Crore Updated On Mon, Aug 17th, 2020 by Saurenergy Sterlite Power has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and HNI investors. Sterlite Power, a leading global power transmission player, has announced that it has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore (unit price of Rs 98) to […] Read more
Rs 1.8 Tn Investment in Transmission Segment in India by 2025: ICRA Updated On Mon, Aug 10th, 2020 by Saurenergy ICRA expects an investment of Rs 1.8 trillion by 2025 in the power transmission segment in India, driven by evacuation infrastructure for RE projects. Independent investment information and credit rating agency ICRA has revealed in a new analysis that it expects an investment of Rs 1.8 trillion over the five-year period from FY2021 to FY2025 […] Read more
