Reliance Infra Sells Mumbai Power Portfolio to Adani Transmissions for Rs 18,000 Cr Updated On Thu, Aug 30th, 2018 by Saurenergy Reliance Infra and Adani group had signed the pact for 100 per cent stake sale of R-Infra’s integrated business of generation, transmission and distribution of power for Mumbai in December 2017. Adani Group’s Adani Transmission has acquired Reliance Infrastructure’s integrated business of Generation, Transmission and Retail Electricity Distribution in Mumbai. Reliance Infra and Adani group had signed […] Read more
Gov’t May Single out PGCIL for 25 Power Transmission Contracts Updated On Tue, Aug 14th, 2018 by Saurenergy The private sector has also alleged the government authorities behind the move for being biased towards the state-run PGCIL. The government is thinking of awarding 25 small and medium-sized power transmission contracts to the state-run Power Grid Corporation of India (PGCIL). A government official close to development said, “National Committee on Transmission has recommended that […] Read more
Sale of ‘Reliance Energy’ to Adani Transmission Next Week: RInfra Updated On Mon, Jul 30th, 2018 by Saurenergy The Definitive Binding Agreement for the Rs. 18,800 crore ‘Reliance Energy’ deal between RInfra and ADL was signed in December 2017. India’s leading infrastructure player, Reliance Infrastructure (RInfra) declares completion of sale of its Mumbai based power distribution firm ‘Reliance Energy’ to Adani Transmission (ADL) by next week. The Definitive Binding Agreement for the […] Read more
Adequacy of Transmission Infrastructure Critical, Says ICRA Updated On Fri, May 25th, 2018 by Saurenergy “The notified regulations are positive for developers in the renewable energy sector, as they provide clarity on the procedure and timelines for securing approval for connectivity from the central transmission utility.” In a positive move for developers the Central Electricity Regulatory Commission (CREC) has put out new set of norms on inter-state transmission system (ISTS) for renewable […] Read more
Govt Extends Transmission Charge Waiver Period for Solar Projects Till March 2022 Updated On Mon, Feb 19th, 2018 by Saurenergy The waiver will be available to these projects for 25 years from the date of commissioning provided the developers sign power purchase agreements with entities, including discoms, for sale of power for compliance of their renewable purchase obligation. The government has extended the window to avail waiver of inter-state power transmission charges and […] Read more
IndiGrid Approves Acquisition of Three Power Transmission Assets Updated On Mon, Oct 9th, 2017 by Saurenergy The three acquisitions consists of 5 transmission lines aggregating 1,425 Ckms thus increasing its total portfolio to 13 transmission lines and 2 substations across 8 states. IndiGrid, India’s first Infrastructure Investment Trust in the power sector, has approved the acquisition of three power transmission assets from its sponsor Sterlite Power Grid Ventures Ltd at a […] Read more
India and ADB Sign $175 Million Loan Agreement to help improve Solar Transmission System Updated On Fri, Apr 7th, 2017 by Saurenergy Asian Development Bank has granted $175 Million Loan Agreement to India for supporting construction of high voltage transmission systems to evacuate power generated from new mega solar parks. The Government of India and the Asian Development Bank (ADB) signed a $175 million loan agreement to support construction of high voltage transmission systems to evacuate power […] Read more
57 Inter Regional Power Transmission projects worth Rs.7, 268 crores sanctioned under PSDF scheme: Piyush Goyal Updated On Sat, Mar 11th, 2017 by Saurenergy Presently the total transmission capacity of such inter regional links is 63650 MW (as on January, 2017) Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, recently in a written reply informed Lok Sabha that Inter Regional Transmission Corridors (IRTC) are planned and implemented for transfer of power from […] Read more
