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KEC International secures Rs 1,402 crore orders across businesses
KEC International Limited has announced new orders worth Rs 1,402 crore across its transmission and distribution (T&D), civil, and cables and conductors businesses. In T&D, the company received a 765 kV transmission line order from a private developer in India, along with tower, hardware, and pole supply contracts in the Americas. The cables and conductors…
India and Saudi Arabia sign energy pact
India and the Kingdom of Saudi Arabia have signed an agreement to deepen cooperation in the energy sector, prioritising security of supply across all energy sources. Both sides agreed to collaborate on balancing global energy market dynamics and strengthening supply chain resilience. The agreement includes support for India’s strategic petroleum reserve programme and extends to…
PFC Infra Finance IFSC receives approval to operate in GIFT City
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT City, Gujarat. PIFIL will be the first finance company in the IFSC dedicated to power and infrastructure lending,…
PGCIL wins bid for Jam Khambhaliya augmentation scheme
Power Grid Corporation of India Ltd (PGCIL) has been awarded the letter of intent for the Jam Khambhaliya augmentation scheme under the tariff-based competitive bidding (TBCB) route. The project involves establishing an interstate transmission system for the “Augmentation of transformation capacity at Jam Khambhaliya PS (GIS)” on a build, own, operate, and transfer (BOOT) basis….
NTPC achieves world-first CO2-to-methanol synthesis at Vindhyachal plant
NTPC has synthesised CO2 captured from flue gas with hydrogen produced from a PEM electrolyser to create methanol at its Vindhyachal plant. NTPC Chairman Gurdeep Singh, speaking at the company’s 50th Raising Day, highlighted that both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind globally, a historic advancement in…
China increases grid investment to support renewable energy surge
China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to 529 billion yuan ($72 billion) in the first 11 months of 2023, marking a shift towards grid infrastructure, as reported by Bloomberg. Investment in new…
