The Government of India has applied for a USD 186 million loan from the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project Phase II.Â
The initiative aims to strengthen Assam’s electricity transmission system by constructing new transmission sub-stations, upgrading existing ones, and installing optical power ground wire (OPGW) in the state.
Power Finance Corporation Ltd (PFC) has transferred ownership of two wholly owned subsidiaries, Raghanesda RE Transmission Ltd and NER Expansion Transmission Ltd, to private entities through tariff-based competitive bidding, according to a regulatory filing dated July 24. NER Expansion Transmission Ltd, the project special purpose vehicle (SPV) for the North-Eastern Region Expansion Scheme – XXV…
The Karnataka Power Transmission Corporation Limited (KPTCL) has initiated the transition from conventional mineral oil to biodegradable natural ester oil in its high-voltage transformer network. According to KPTCL, the move is intended to improve grid safety, reduce environmental risks, and enhance the operational life of critical transmission infrastructure. Natural ester oil is considered an environment-friendly…
Hindustan Construction Company Ltd. (HCC) has secured a Rs 127 crore contract from Wangchhu Hydroelectric Power Limited (WHPL), Bhutan, for construction works associated with the Wangchhu Hydroelectric Project. The scope of work includes the construction of diversion tunnels, hydromechanical gates, and cofferdams. The contract is scheduled for completion within nine months. According to the company,…
Inox Green Energy Services Limited is set to acquire Vibrant Energy, the India-focused renewable energy platform owned by Macquarie Asset Management. The transaction is expected to value Vibrant Energy at an equity valuation of about Rs 17.9 billion. Sources said definitive agreements have been signed, with a formal announcement expected shortly. Vibrant Energy operates as…
European Energy, in collaboration with Kragerup Estate, has initiated its first large-scale battery storage project in Denmark. The battery, expected to begin test operations in Q1 2025, will support the integration of renewable energy into the power grid. The project will start with an initial capacity of 3.75 MW, with an option to upgrade to…
Power Mech Projects Limited has secured an operations and maintenance (O&M) contract from Hindustan Zinc Limited for a 91.5 MW captive power plant and its transmission line up to the main receiving substation (MRSS). The contract is valued at Rs 109.22 crore excluding goods and services tax (GST) and has a tenure of 48 months….